Today is day 687 of the drawdown in cannabis stocks and the MSOS ETF (a good proxy for US cannabis) has dropped 83% over this period. But, just because something has fallen significantly doesn't mean it's cheap. In my most recent Twitter Spaces, I'm joined by Paul Cerro, CIO of Cedar Grove Capital, and we discuss the current climate, what stocks he likes, and the risks and opportunities as we head into 2023.
Jerry Derevyanny of Bengal Capital joins us along the way and offers a nice contrasting perspective. We had a handful of questions from the listeners and finally had to wrap things up after almost two hours. Below is a link to the conversation, Spaces will play in the background on any mobile device.
My next Spaces is scheduled for January 3rd at 2 pm with Nick Gastevich, known as CannaVestments on Twitter. You can join us live and I'll share the link when it's done. Happy New Year!
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