APPLE REPORTS AFTER THE BELL
TODAY, 4:00 EASTERN TIME.
4:00 EASTERN ON THE FOX BUSINESS
CANNABIS INDUSTRY.
WELCOME TO THE PROGRAM.
>> THANK YOU, STUART, FOR HAVING
ME.
STUART: YOU'RE BRINGING
CREDIBILITY AND LEGITIMACY TO
THE MARIJUANA INDUSTRY.
THAT IS WHAT YOU'RE DOING.
DISRUPTIVE COMPANIES IN THE THE
INDUSTRY IN YEARS TO COME.
STUART: YOU DON'T MAKE MONEY
UNLESS THE FEDS REMOVE THE
PROHIBITION ON MARIJUANA.
EXPRESSION.
>> THERE IS A LOT OF BARRIERS TO
ENTRY BUT THERE IS A LOT OF
MONEY TO BE MADE IN THE CANNABIS
SPACE.
STUART: YOU'RE BETTING THE FEDS
WILL BACK OFF.
OF MARIJUANA.
MUCH THE SAME WAY ROLLING PAPERS
HAVE BEEN SOLD FOR A 100 YEARS
DESPITE CANNABIS IS NOT BEEN
LEGAL.
STUART: TELL ME HOW BIG THE
INDUSTRY HAS BECOME?
WHAT IS IT WORTH DIVERSE SUS A
>> YES.
NOW IN BOTH THE PLANT SALES,
ACCESSORIES, OTHER SERVICES INTO
THE INDUSTRY.
STUART: YOU HAVE ONLY
LEGALIZATION FOR RECREATIONAL
USE IN HANDFUL OF STATES, BIG
USE TODAY.
ANOTHER 30 STATES ARE MEDICAL
I THINK YOU WILL HAVE A LOT OF
TAX ENVY OF MANY SURROUNDING
USE.
I THINK THERE WILL BE CONTINUED
PROLIFERATION OF THESE STATES,
TREND GOING FORWARD TOWARDS
LEGALIZATION.
STUART: IF I WANTED TO INVEST IN
IT, I HAVE TO INVEST IN A
PUBLICLY-TRADED STOCK.
>> THAT'S CORRECT.
STUART: WE FOUND 366
PUBLICLY-TRADED, MARIJUANA
RELATED STOCKS, THAT IS A HUGE
NUMBER.
>> THERE IS A BIG WAY TO PLAY
INDUSTRY FOR PUBLIC MARKET
INVESTORS.
MANY COMPANIES ARE TRADED ON
CANADIAN MARKETS.
WE'RE STARTING TO WITNESS FIRST
LISTINGS ON NASDAQ MARKETS HERE
IN THE STATE AS WE'RE SEEING
MARKETS LOOSEN UP BECOME MORE
ACCEPTING OF CANNABIS COMPANIES
BEING TRADED HERE.
STUART: YOU CAME WITH US WITH
TWO SUGGESTIONS, PAX LABS AND
HEMPA THEY ARE PRIVATE
COMPANIES.
I CAN NOT INVEST IN THEM.
>> NO IT IS VERY CHALLENGING.
MANY PRIVATE COMPANIES LOOKING
TO RAISE CAPITAL.
MOST COMMON SEE DISPENSARIES,
GROW OPERATIONS, A FEW ACCESSORY
COMPANIES.
THERE ARE HUNDREDS IF NOT
THOUSANDS OF EDIBLE.
INVESTABLE BUSINESS.
THAT MEANS SOMEBODY THAT WILL
I THINK THERE ARE A LOT OF
OPPORTUNITIES TO INVEST IN
LIFESTYLE BUSINESS.
THAT IS SOMETHING I INVEST TO
GIVE TO MY KIDS.
STUART: PAX LABS, YOU LIKE THAT.
THIS IS THE VAPE OPINION?
>> PAX IS PLAYING ON THE GROWING
TREND WHAT I CALL DIGITAL
SMOKING.
STUART: THAT IS IT.
>> THIS IS THE WAY TO SMOKE
CANNABIS.
STUART: PAX TELL THIS IS THING
JUST THIS THING HERE?
>> THEY SELL THE DEVICE AND THIS
EMPTY POD TO THE FILLERS.
SO THEY NEVER TOUCH THE THC,
WHICH PLAYS WITH MY TREND NOT
WANTING TO TO INVEST IN
COMPANIES THAT UP TO THE PLANT.
THEY SELL A BEAUTIFUL CONSUMER
TECH PRODUCT AND SELL AN POD.
STUART: DO YOU SEE AN IPO IN THE
FUTURE?
THIS FALSE IN MY INVESTING
THESIS WHAT I CALL INVESTABLE
COMPANY.
PAX LABS WELCOMES FIDELITY
INVESTORS.
THIS SENDS THE RIGHT SIGNAL THAT
AND WHAT IS THE OTHER WORD I WAS
TRYING TO USE THERE?
IT'S A CREDIBLE INDUSTRY.
IT IS LEGITIMACY.
>> 2/3 OF AMERICANS WANT THE
LEGALIZATION OF CANNABIS.
STUART: YEAH.
>> IT IS NOT TABOO LIKE OUR
PARENTS TAUGHT US.
THERE IS SO MUCH EMPIRICAL
EVIDENCE THAT THE LEGALIZATION
PEOPLE.
LOOK AT OPIOID CRISIS IN THIS
COUNTRY.
A WHITE HOUSE REPORT SAYS IT
WILL COST THE U.S. 500 BILLION.
IF YOU LOOK AT COLORADO, IN THE
TWO YEARS AFRICAN THAT BUSINESS
WENT LEGAL, 6% REDUCTION OF
DEATHS RELATED TO OPIOID
OVERDOSE.
EXTRAPOLATE THAT DATA, HOW THAT
WOULD PLAY OUT ON A NATIONAL
SCALE, THAT COULD BE A
YOU HAVE ALSO HAVE OTHER MAJOR
ALCOHOL.
CERTAINLY BIG PHARMA DOESN'T
WANT CANNABIS TO GO LEGAL.
THEY WANT TO SELL OPIOIDS.
STUART: THERE IS A SLAM AND
A 1/2 TO PHARMACEUTICAL
COMPANIES.
>> THAT IS ACCURATE.
STUART: YOUR POINT OF VIEW.
>> LOOK AT ALCOHOL AND LOOK AT
RESTAURANTS.
YOU HAVE REDUCTION IN BING
DRINKING RATES IN THE MARKETS IN
THE STATES WHERE CAN THAT IS
ABOUT IS LEGAL.
SO YOU HAVE A DECLINE IN BING
DRINKING.
YOU HAVE ALSO A LOWER DUIs.
STUART: GREG, YOU MADE YOUR
POINT.
SOME PEOPLE WILL NOT BE HAPPY.
>> NEVER HAVE A REPORTED
OVERDOSE DEATH FROM CANNABIS.
ASHLEY: THIS IS THE TURNING
POINT WHEN FEDS GET ON BOARD?
YOU ARE ABLE TO TAKE PROCEEDS OF
SELLING MARIJUANA AND ALL THE
STUFF THAT GOES WITH IT, ABLE TO
PUT IT IN A BANK ACCOUNT THAT
>> THERE ARE SOME CHALLENGES
WITH INVESTING IN CANNABIS
BARRIERS.
DISPENSARY OR GROW OPERATION,
YOU HAVE A ARTIFICIAL BARRIER
CHANGES --
>> HEADING IN THAT DIRECTION
ALSO WHEN FEDERAL BARRIERS COME
DOWN YOU WILL MOVE TO MORE OF AN
AG OPERATION.
STUART: WAIT.
YOU HAVE FIVE MINUTES.
THE AVERAGE LENGTH OF A GUEST
APPEARANCE ON THIS PROGRAM IS
2 1/2 --
>> IT'S A FASCINATING SUBJECT.
STUART: YOU HAD FIVE MINUTES.