What Is The 2021 Empire Cannabis Summit? [Whitney Tilson]

Whitney Tilson recently teamed up with Tom Carroll to shoot an event called The 2021 Empire Cannabis Summit.

As the name suggests, they were talking about investing in Marijuana companies. The key message that came out of it is that there is a big movement happening in the stock market that makes now the perfect time to invest in pot stocks.

I attended the summit and put together this article to give you an overview of what they discussed.

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Table of Contents

What is The 2021 Empire Cannabis Summit?

The 2021 Empire Cannabis Summit was an event featuring Whitney Tilson and Tom Carroll that was moderated by Jared Kelly.

The crux of the event was that this is the perfect time to consider investing in pot stocks because, according to the panelists, the market is starting to mature. What do they mean by this?

Tom Carroll says that the cannabis market has not yet matured. Therefore, although there is genuine investor interest, stocks, even the big ones, are still subject to wild swings. He says that the market has been going through phases of growth and he has divvied them into four ‘eras’.

The first era started in 1996 when state governments started considering legalizing pot for medical use. The market was small and restricted. Then the second era began in 2010 after legalization ceased being a pipe dream. The push to legalize was gaining traction in some states and companies started mushrooming.

The third era came in 2015 after some key states, including California, legalized pot for both medical and (in some cases) recreational use. Interest grew in the world of investing and some companies started soaring. But Tom believes that the market wasn’t mature yet because the excitement dwindled and many stocks plummeted.

But now he claims that the market is ready to go mainstream, just like Cryptocurrencies have. He pegs this on four catalysts:

The first catalyst is companies gaining access to the US financial system and markets. As legalization at the state level continues to gain steam, he expects legal pot companies to be allowed to access lines of credit at local and national banks.

The second catalyst is access to the main stock exchanges. When cannabis stocks access NYSE and NASDAQ, institutional investors will be able to grab stakes in them, which could cause their prices to go up. So far, American companies have either had to list on foreign stock exchanges or trade over the counter.

The third catalyst is consolidation. Once companies secure access to the stock market and lines of credit, Tom expects the larger ones to start consolidating the market. Small well-run companies will be acquired at a premium, which will be good news for investors.

The fourth catalyst is pick and shovel companies. As the industry grows Tom expects companies that service the market to grow exponentially. This includes companies that provide packaging, labeling, and distribution services, just to name a few.

He has written a report explaining his perspective and it also has the names of four companies that he has singled out as good candidates for investment. The report is called The 2021 Cannabis Explosion: Four Stocks You Don’t Want to Miss.

If you want to get your hands on it, you have to subscribe to his newsletter that goes by the name Cannabis Capitalist.

Who is Tom Carroll?

Tom is a professional trader and an investment guru who works for Stansberry Research. He edits the Cannabis Capitalist newsletter. Stansberry is a publisher of investment newsletters, just like Investorplace and Banyan Hill Publishing.

Before he started writing newsletters, he was working in the corporate world. He was employed at Legg Mason and then Stifel Financial in Baltimore where he worked as managing director for close to two decades. He was the senior analyst of the healthcare industry.

He has made appearances as a commentator on Fox Business, CNN, CNBC, Bloomberg, and other publications.

How does The Cannabis Capitalist work?

As we’ve already seen, when you sign up for The Cannabis Capitalist, you get to receive a special report from Tom about the cannabis industry.

Tom has been publishing this advisory service since the start of 2019. He focuses on the cannabis market and shares investment recommendations on the same with his readers.

When you sign up, you receive:

12 monthly newsletters as part of your subscription. Each has a new investment opportunity to consider.
The Cannabis Capitalist Playbook. Tom has listed all the stocks in his portfolio and has given updates and trading instructions in the report.
The Cannabis Capitalist Primer. It has details regarding the industry from Tom’s perspective. He looks forward to how the industry may shape up and how investors can cash in.

Subscription Fee

The annual subscription fee is $2,500

Refund Policy

There are no cash refunds but you can cancel your membership within 30 days of joining and redirect the subscription fee towards any other service offered by Stansberry Research.

Is The 2021 Empire Cannabis Summit legit?

I think The 2021 Empire Cannabis Summit is legit. First, Whitney Tilson and Tom Carroll are professional traders with decades of experience working in the finance industry. Besides that, I don’t think there is anything wrong with them talking about their approach to investing in cannabis.

That being said, you should take their advice with a grain of salt because nothing in the market is guaranteed and all investments have risk.

My Final Word on The 2021 Empire Cannabis Summit

One thing I took away from the summit that I haven’t touched on is how Tom Carroll talked about Federal legalization. He said that the Democrat-led government would be great for the Cannabis industry but that he wasn’t sure about nationwide legalization.

This part is important because he believes that this will encourage institutional investors to take the cannabis market seriously. And given how Bitcoin has fared due to institutional interest, he sees it benefiting similarly.

About Tom’s newsletter, before you subscribe, do more research about it because once you pay $2,500, that fee is non-refundable.

Don’t leave yet…

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