Courage Over Convention

This is part 1 of a suite I plan to do covering the cannabis industry, and I couldn't have asked for a better guest. Mike Cardozo is a Cannabis Entrepreneur and Co-Founder/CEO of Chesapeake Alternatives. He is also CEO of Karuna Ventures & Cardozo Strategies LLC.

Mike's knowledge of the industry is shockingly expansive, and his commitment to shedding light on the myriad positive attributes of cannabis is inspiring.

Chesapeake Alternatives became Maryland's first operational Medical Cannabis Processor in 2017 and opened one of the first dispensaries in the state on December 2, 2017. Green Thumb Industries eventually acquired Mike's vertically integrated operation. 

Mike has a particular passion for chipping away at resistance to the usage of cannabis for medicinal purposes.

He is a great friend and an old high school classmate of mine - and I'm proud to say he has carved out a substantial niche in a highly competitive, rapidly developing industry. 

Perhaps the most impressive and intriguing part of our discussion surrounds Mike's view of the cannabis industry as a potential launching pad for propagating more equitable corporate behavior around gender, race, veteran status, etc.

Here are some links to talks Mike has delivered. Each is captivating, and I strongly encourage viewing them:

University of MD Talk

Cardozo Talks Cannabis (1/2)

Cardozo Talks Cannabis (2/2)

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The episode covers the tough economic sledding that lies ahead (and behind) millennials. I offer some context and color around the confluence of trends that got us here. However, the theme of the episode is to remain tenacious, hopeful, and to lay blame at no one's feet...after all, we are going to need far more unity across the US citizenry to fix our economic/social woes.

Source:

The Fed - Distribution: Distribution of Household Wealth in the U.S. since 1989 (federalreserve.gov)

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Schools like Landon (a private all-boys school in Bethesda) offer myriad advantages to students (very insightful observation, I know).

For me, though, the most valuable of these blessings is embodied by this casual, honest, and wide-ranging discussion a friend and I recorded as we ate dinner and imbibed a bit. My lips were starting to get loose near the end of the meal, but the conversation was fantastic.

Check it out, subscribe, and leave a review! Thanks.

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This is a discussion of some patently false truisms and an analysis of how Advisors bilk their clients out of vast sums of money over time. I also briefly highlight the always-overlooked but critically important statistical measures to focus on during portfolio construction. None of this is investment advice. See a qualified professional before putting your money in these markets.

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Sun Tzu's teachings apply broadly - and they certainly apply to portfolio construction.

June Wiegmann keeps it real with hard-hitting truths and joyful perspectives in this soon-to-be-released podcast.

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The podcast works, but this topic was best handled in video format. I recommend listening at 1.2x speed (I speak slowly).

To watch the video, click the first entry on my company blog (here is the direct link): WIC BLOG 

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Is the hooded robber democratizing investing or inflicting a regressive tax on the citizenry?

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The odds did not always seem to be in this entrepreneur's favor - but he felt as if they were. Why? He knew he would work hard and draw the attention of influencers in a top-heavy, fragmented business. He was impervious to fears about "the stigma" of working in the industry, too. After all, it helps people and is profitable.

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I promise not to try not to fuck with your mind

Promise not to mind if you go your way and I go mine

Promise not to lie if I'm looking you straight in the eye

Promise not to try not to let you down