Josh Kincaid joins the show to discuss his extensive background in finance and cannabis, sharing insights on the industry's evolution and future prospects. With experience as a stockbroker managing a $650M fund and 10 years in cannabis, Josh offers a unique perspective on where the industry is headed.

Key Discussion Points:

• Industry Evolution:
  • Early market optimism in 2018-2019 followed by market corrections
  • Transition from cultivation experts to professional business operators
  • Impact of increasing professionalization in the industry
• Regulatory & Policy Discussion:
  • Potential impact of Schedule III rescheduling vs. full descheduling
  • Interstate commerce implications
  • State-level regulatory variations and compliance challenges
  • Banking reform and 280E tax implications
• Market Consolidation & Future Outlook:
  • Prediction of significant industry consolidation (potentially 97.5%)
  • Geographic concentration of cultivation in specific regions
  • Comparison to wine and coffee industry models
  • Role of technology and automation in operations
• Industry Challenges:
  • Implementation of professional business practices
  • Technology adoption and inventory management issues
  • Quality control and consistency standards
  • Investment landscape and operator requirements