Cannabis

“There is a population of people, especially young males who have a predisposition to schizophrenia or bipolar, meaning they have a first relative with those conditions. That are very high risk for cannabis-induced psychosis, some of which doesn't reverse, whic…”

“Cannabis is a poison, and it is the worst thing in the world.”

“We've had a strict sort of no tobacco, no cannabis policy, a precursor, since I started the fund.”

“With the customer's permission, we can verify your face against your ID to dispense a product that's regulated. So think Sudafed, think cannabis, think alcohol. That you need an ID to verify. We have that ability.”

“With the customer's permission, we can verify your face against your ID to dispense a product that's regulated. So think Sudafed, think cannabis, think alcohol. That you need an ID to verify. We have that ability.”

“There's huge, huge, huge downsides to those substances, and there's too much in Silicon Valley, like, at least when I was in college, Tim Ferriss would be promoting, like, various psychedelics on his show to the super wide audience, and these are really, reall…”

“From like, 2016 to 20, or 2016 to 2019 we killed it we just made so much money we like three x'd the fund gave it all the investors back their money”

“I realized I needed to quit smoking weed if I was going to have any sort of success in a real company, because the success I'd had before was in consulting and other sort of leaner things where you don't really need to worry about teams and building and all of…”

“I look at cannabis, 100% as a medicine that's way better than any opioid that the market ever had.”

“I see A lot more activity on the regulated pathway, whereas cannabis has clearly taken the adult use pathway with very few products that have moved into that space with Epidiolex being the exception to the rule.”

“Mushrooms are actually easier than cannabis to grow”

“We went from something that was criminalized to then being medicalized, to then decriminalized, to then legalized, and that led to the creation of countless of companies in the category. I think the same thing is going to happen with psilocybin, with ketamine,…”

“Like, we still have 40,000 people sitting in jail for cannabis charges when it's, like, not yet federally legal.”

“I honestly think one of the reasons I'm bullish on the non-alc space is, like, we are getting to the point where there are just better drugs. Like, if people want to, you know, alter their state of consciousness, I'm seeing a lot more friends that are like, Op…”

“Cannabis is actually medicinal, and it's a vice. It's both. And so when you can have those two dynamics together, when you can actually help people, whether that's recreationally or medically, and you can have all of the uplift of the recreational side for the…”

“And so there's an opportunity, I think, for, you know, building Stripe for Vice products because cannabis can't use Stripe and neither can any sex products porn can't use Stripe. And so if, you know, just those three industries alone, that's like multiple hund…”

“We know that individuals who use cannabis, for instance, and are prone to psychosis are more likely to develop psychotic disorders.”

“And I think that that is a real problem because you start to lose touch with reality and sobriety where the things that you did are no longer enjoyable unless you're high.”

“I smoked, I would say almost daily for 10 or 11 years. I wasn't one of those people that would roll a joint and smoke a gram or two a day. I met people like that. I would make a gram last a month. Like, I was very economical with how I smoked, but I would be h…”

“I figured we would be able to smell a lot of different flowers so you can get the terpene profiles. I think it's kind of like when you do wine tastings. So I think that's important.”

“But then at the end of the day, there's so many different varieties of strains that and nowadays with the crossbreeding of all them, everything seems to be somewhat of a hybrid a strain.”

“And most people, you know, when they get too paranoid or they get a little bit like anxious, they just did way too much. They have to just, they're just way sensitive. So dial it back, keep dialing it back until you can then add a little bit more.”

“For a lot of institutions that can write larger check sizes they have LPs for their funds that basically they sign LP agreements that say, like, you can't invest in certain vice industries like gambling or alcohol or Weed, of course.”

“A couple years ago including the black market, 80% of the cannabis in the United States came out of California”

“Last year we probably did three billion dollars in medical sales. This year we'll probably do as much of that in adult use sales and medical will be a fraction of that. Maybe, you know, half a billion if we get there.”

“33% of the state that has some form of local laws, and then 67% of the state that has no laws whatsoever. And because of that, you have this disconnect between state law where you can get your permits, but you can't get a permit unless you get your local permi…”

“I think it'll probably be another few years before anything federally changes. And more and more states will continue to pass favorable regulations towards cannabis. So a lot of them will start out by decriminalizing it and then making it medicinally available…”

“No, I mean, we've been running at more of a 40 to 44%. ... Three and a half years, yeah.”

“So it's not only the PR aspect, but they're backed by big national banks and those banks can't touch cannabis cash and they need those banks to run payroll through. So because of that hurdle, they cannot service this clientele which leaves a big opportunity.”

“What will blow your mind is that there's 44 legal states that have some form of cannabis in them today. 29 of them have medical and recreational.”