Transcript
Introduction
Eric
My guest today is Jerry Derevyanny, a Partner at Bengal Capital, a cannabis investing firm. Jerry has been part of the regulated cannabis industry since 2014, and today, he shares the nuances of investing in this growing and unique industry. I enjoyed listening to Jerry's frameworks for the industry, such as ants versus locusts, the similarities and differences between alcohol and cannabis, capital allocation, and its valuation models.
We also cover politics, the Farm Bill and what the future of cannabis industry may look like. This is the fourth episode on cannabis, and if you enjoy this, I recommend listening to our prior episodes with Aaron Edelheit, Tony Cappell and Adam Terry. Now please enjoy this conversation with Jerry Derevyanny.
Frameworks for Cannabis Investing
Eric
Jerry, we've had a couple of cannabis conversations with investors. It's been a much deeper topic than I thought. We've got a lot of feedback from listeners, from other investors. I just thought a fun jumping-off place would be, it seems like investors in cannabis have gone through a lot of highs and lows, no pun intended.