Aaron Edelheit is high on Cannabis stocks Yet Another Value Podcast

Aaron Edelheit returns to the podcast to discuss all of the opportunities he's seeing in the cannabis world and why he's chosen now to launch a Cannabis focused fund.

Aaron's Cannabis manifesto: https://mindsetvalue.substack.com/p/the-cannabis-manifesto
Seth Rogen profile I mention during the pod: https://www.nytimes.com/2021/04/20/magazine/seth-rogen.html

Chapters:
0:00 Intro
2:45 Why is Aaron launching a cannabis fund now?
12:00 Professional athletes and cannabis
16:55 How Cannabis today reminds Aaron of single family homes after the GFC
26:50 Aaron's views on federal legalization
37:35 Is Aaron more interested in the direct cannabis plays or the "picks and shovel" providers?
45:50 Using Verano to highlight the growth and valuations Aaron is seeing
54:00 Will the industry stay vertically integrated, or will we start seeing more focused players?
58:55 The tax issues with cannabis plays and why EBITDA is so important here