Morgan's on the road, so Jesse and Toby start the show reviewing the recent pullback in cannabis stocks and the corresponding drop in sentiment.  Toby also shares his experience at the Cannacord webinar and Jesse explains how the institutional investments in cannabis compare to more mature sectors. 

Sam Armenia, known as Sammy J on Twitter and  VP of Corporate Development at C21 Investments,  joins the show to share his experience as an investor and operator. We talk about the retail-focused investor base and how this may evolve in a Schedule III world. Sammy is working on a large project illustrating the impact of 280E removal and gives us his early read on the results and impacts for operators. He concludes by sharing his perspective on generating cash flow, versus investing growth and carrying more debt.