#2432 - Josh Dubin – The Joe Rogan Experience

Market views

Bullish

CANNABIS— Trump rescheduling marijuana to Schedule III represents major regulatory shift, opening path for medical prescriptions and reducing criminal penalties.
HEMP— Hemp represents superior industrial material for paper, textiles and other products that was artificially suppressed by corporate interests in the 1930s.

Bearish

PHARMA— Pharmaceutical companies face reputational damage and potential liability from opioid crisis, with executives unable to admit fault even in congressional hearings.
CARTELS— Drug legalization would destroy cartel business model by eliminating their monopoly on illegal substances and allowing regulated alternatives.
PRISONS— Private prison industry faces pressure from criminal justice reform movements and growing awareness of wrongful convictions and excessive sentences.

Not investment advice.