The Free Weed NFT and Why It Will Create Value For Owners

First off … an apology.

I have been much too slow in writing and posting this new dispatch. Part of the reason stems from a flood of traveling to Ireland, Scotland, Croatia, and Thailand for my IRL job. And part of the reason stems from a new gig as CEO of the NFT division for a European blockchain company. Fashioning a 2023 budget and the road forward for that division has consumed more than a few hours.

Apology out of the way, let’s get high…

I’ve long been a fan of the legal-weed industry, largely because I love investing in vice. Few investment themes are as compelling to me as cigarettes, beer, porn … weed. As an investor, I don’t pass moral/social judgment on any of that. People are free to be who they are, so long as it doesn’t hurt someone else. And from a financial perspective, well it’s just good business to own vice stocks because no matter what’s going on in the world or with the economy, people do not easily forsake their vices. It’s their happy place.

Which means vice companies have a customer base that returns over and over again, and will, out of necessity, forsake various discretionary expenses to feed that monkey on their back.

I like that business model: Profit through addiction.

Which leads me into today’s dispatch and what is a unique take on weed, wed NFTs, and the weed-investing culture.