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Sunday, December 27, 2020 6:23:42 AM
https://seekingalpha.com/article/4396183-master-class-in-cannabis-investing-part-2-podcast-transcript
Yeah, I think we're just in the first inning of this ballgame. I think it's just beginning. And it's just going to take off. And I think that the -- I was talking to Dan Ahrens of AdvisorShares the MSOS. I said, well, the timing on that is unbelievable. In just two months, that's gone from basically $5 million funding to $165 million. And I actually think within six months, it could be $1 billion, or certainly within a year. I mean, if the Harvest MJ, which has all the Canadian stuff in it can be at $1 billion, this ought to be at $1 billion. This fun -- their MSOS they have hit the sweet spot on this one.
And so I think that's going to be a big, big driver. And I'm going to -- we're so early in this game. Now the article I just published on Seeking Alpha, if you added up the top 21 companies in the United States, the total market capitalization of those 21 companies is $25.4 billion. That is all, that's nothing. That is chump change to the hedge funds and the private equity guys. I mean, if Ray Dalio or BlackRock, or somebody says, put 1% of our assets and I want 1% of our assets in cannabis, in the marijuana business, 1% of a trillion is -- that's $10 billion, $10 billion. Now they own half of the industry.
So this industry, I'm looking for the next five years. I'm looking at a 10 bagger, five years from now it's a 10 bagger. Longer than that I think it could be 100 bagger, a 100 bagger
. I just looked at the valuations this morning. And a lot of them don't make sense. But they're -- it's just in the early stages. When you look at the P/E multiples, they don't make any sense at all, forget about those. And you look at book value, or you look at some other things, any way you want to measure it, it's got a long way to go. We are early in this game.
And I actually believe -- I mean the passage of the MORE Act in the House, I mean, the fact that Kamala Harris was the sponsor of that in the Senate, if I don't know what the election is going to hold, but if those two seats in Georgia go Democratic, watch out. You better not be short any of these stocks, because you're going to go straight to the poorhouse. You won't even stop to pick up a dime, you'll be gone.
Because -- now it's just a matter of time. And I don't think the Republicans are going to band together as a block to prevent the marijuana deal. Some of those guys are from states that are really want marijuana there? So they're not going to kowtow. So I'm -- I tell you, I am optimistic, and the boat is loaded, the boat is loaded.
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