In this episode we examine an article titled "The Cannabis Bubble has Burst". Were we in a bubble? What is a bubble? What does this mean for cannabis investors?

- The definition of an investment bubble (valuations vs fundamentals)

- Why it's so difficult to identify a bubble

- The 5 Stages of a Bubble: Displacement, Boom, Euphoria, Selling & Panic

1. Displacement: How it starts

2. Boom: Quick money being made and momentum builds

3. Euphoria: FOMO is king and the investment goes mainstream

4. Selling: Sophisticated Capital exits 

5. Panic: The Sell-Off deepends and the bubble bursts

- Mistaking luck and risk-taking behaviour for genius

- Is Cannabis A Bubble? Why or Why Not?

- How US Operators will drive fundamental value over time

- How strong operators will dominate the market in a capital crunch