How Leverage Turned An AI Boom Into A Crash
Episode publishedPodcast: Prof G MarketsProf G Markets
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Today's number, 21,400,000. That's how many Americans use marijuana daily in 2025, making it the most frequently used substance above alcohol at seventeen point two million. Ed, I do believe if the entire world got high together for a couple hours, it would be a better place, and then we'd have a global food shortage. That number blew me away. I mean, granted
It's a great number.
I'm 90% of that, but still, what are these young people doing?
It's kind of interesting to me. I I feel like none of my friends are smoking weed or eating weed or however they're consuming weed. None of them are really doing it in my friend group. I'm not doing it either. I'm kind of surprised to see it, but I guess it's just the decline of alcohol.
Are they drinking? Are they doing mushroom chocolates? Or are they just just trying to pay off their their student loans from Princeton?
A lot less substance use at this age. I would say, like, a few years ago, there was a a kind of uptick in the mushroom chocolates and the psychedelics and all of that stuff. But it does seem like everyone's trying to kind of getting to that stage where they're getting their shit together, and it's like, okay. Do I really wanna piss away not just tonight, but the several days after with a with a hangover? Certainly, ketamine was a was a thing back in the day.
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