Episode Summary

Nathan Parkins of MoLei Financial and Fincap Advisors joins Jeff and Bruce to discuss the very real business of cannabis investing. The wide-ranging conversation covers the difference between marijuana, hemp and CBD, how to invest, the outlook for the industry, and how to talk to clients about it. Bruce and Jeff also chat about Bruce's recent cover on RIA roll-ups.

Episode Notes

1:30 - 26:00 Nathan Parkins interview on cannabis market

• Background on the legalization drive and the subsequent investing opportunity
• Distinctions between marijuana, hemp and CBD
• How to invest, and the limitations or challenges
• Picks and shovels in the cannabis industry
• Outlook for the industry from a tax perspective
• What do client conversations look like?

26:00-41:20 Discussion on the RIA roll-up market

• Where did this roll-up pattern start
• How the current buying patterns match to the original era
• What's the driver behind all the buying and can it last?
• Pressure on valuations
• Where this trend might go?

Related Article: Is it high time to invest in cannabis?

Related Cover Article: The RIA roll-up market has seen a decade of explosion

Related Video: Cannabis investments soaring with Democrats at the helm

Guest Bio: Nathan Parkins is an ambitious high energy business professional with extensive experience in business operations, sales strategy and financial reporting and modeling. Particularly interested in leadership roles focused on business planning and strategy, driving efficiency through process reengineering and well run operations. Passionate about technology, complex problems within sales, finance, and business strategy at both levels. Specialties include: strategic planning and analysis, financial modeling and project management, forecasting and budgeting.