Entourage Effect Capital | Matt Hawkins | 2024 Preview

"Reshaping Cannabis: Predictions and Potentials for 2024" Dan welcomes back Matt Hawkins, the co-founder of Entourage Effect Capital. The conversation delves into the challenges faced by the cannabis industry in 2023, marked by limited investment capital, portfolio management struggles, and fundraising difficulties, impacting both private and public sectors. Hawkins discusses the impact of rescheduling cannabis, highlighting its potential to eliminate tax burdens under Section 280E, potentially leading to substantial financial gains for businesses. They also explore the upcoming opportunities in 2024, including the launch of a new fund by Entourage Effect Capital with a substantial institutional investor committing a significant investment, which could reshape the landscape for investing in the cannabis space. The discussion emphasizes the potential changes in legislation and the prospects for investment in both private and public cannabis companies. The conversation ends on an optimistic note, focusing on the potential for growth and investment opportunities in the cannabis industry in the upcoming year.   Matt Hawkins - https://www.linkedin.com/in/matt-hawkins-11288a2/ Entourage Effect Capital - https://www.entourageeffect.com/   00:00:05 - EBITDA and Profitability Discussion 00:00:38 - Introduction to Raising Cannabis Capital Show 00:00:50 - Guest Introduction: Matt Hawkins 00:01:41 - Rating the Cannabis Industry Growth in 2023 00:02:11 - Investment Challenges in the Cannabis Industry 00:03:17 - Impact of the Macro Economy on Cannabis 00:04:03 - Legislative Optimism for 2024 00:04:25 - Excitement for Rescheduling and New Fund Launch 00:05:47 - Institutional Investor Involvement 00:06:45 - Impact of Rescheduling on Cannabis Businesses 00:09:08 - Investment Opportunities in Cannabis Stocks 00:09:32 - Private Company Investments and 280E 00:10:06 - Opportunities in Fund4 for Investors 00:10:49 - Accredited and Qualified Investors 00:11:00 - Timing for Investment with Institutional Partner 00:11:27 - Federal Legality and Institutional Capital 00:12:42 - Closing Remarks and Future Discussions Produced by PodConx   MJBulls - https://podconx.com/podcasts/raising-cannabis-capital Dan Humiston - https://www.linkedin.com/in/humiston/ Sound Design - Jamie Humiston - https://www.linkedin.com/in/jamie-humiston-91718b1b3/ Recorded on Squadcast - https://squadcast.fm/