In this episode we have some fun and share forecasts and ideas for what we expect to see in 2021
1) Multiple Ways to Win - there will be many different wants for companies and investors to profit in the new year
2) 2021 will be the "Year of Catalysts"
- Potential for new states like New York to flip to rec (also RI, CT, NM, VA)
- Markets transitioning to adult-use: AZ & NJ
- Existing markets having organic growth: MI, FL, IL, PA
- Medical markets opening up or issuing lics: GA, TX, MS
- Potential for political tailwinds if Dems win both senate seats: SAFE and uplisting
3) Volatility + Exercise Caution
- Investors have been spoiled by this bull market
- Keep some cash, stay hedged and be prudent
- Expect bumps along the way
4) Stay Flexible - things change quickly
- investors will need to learn on the fly as the market evolves
- your 2020 playbook that succeeded may need to change for 2021
- higher valuations mean investors need to be more selective and smarter
5) The Great Separation Continues
- Which markets will continue to outperform and why?
- Why will losing markets continue to struggle?
6) The Big 4 is no more
- The big 4 MSOs is an antiquated concept
- Introduction of Verano creates a big 5
- But in reality there is a big 10 already: AYR, Columbia Care, Ascend Wellness, Jushi & TerrAscend
- Investors will have to adapt to these new names which will create opportunity
- Where we see value and what we like
7) Scale will be more important
- As capital is readily available and legalization accelerates the game has changed
- Shift from pure focus on profitability to having the footprint to be a significant player
