Episode 44
Michael Auerbach On Launching A Cannabis SPAC With Jay-Z
Macro Hive Conversations With Bilal Hafeez · Bilal Hafeez
December 22, 202045m 43s
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Show Notes
Michael Auerbach is the Founder of Subversive Capital, which is dedicated to investing in radical companies. He sits on the Board of Directors of Tilray, Inc. – the first Nasdaq-listed global cannabis company – and holds several directorships with companies that Subversive invests in. He also serves as a Senior Vice President at Albright Stonebridge Group, the global consulting firm chaired by former Secretary of State, Madeleine Albright. In this podcast, we discuss:
- Launching a SPAC (SBVCF) with Jay-Z for the cannabis sector
- The bullish case for the California cannabis market
- Why Canada's legalization of cannabis has still seen illicit trade increase
- The financing challenge for cannabis companies
- Why brands are where the value is
- How the Biden administration will accelerate legalisation
- The political and cultural reasons for banning cannabis over alcohol
- The Portugal case of decriminalisation
- Books that influenced Michael: Far From the Tree (Solomon), How to Change Your Mind (Pollan), Sapiens (Harari), History of Sexuality (Foucault), Glas (Derrida), King Leopold's Ghost (Hochschild), Malcolm X, Say Nothing (Keefe)