Top 5 Things of the Week Ended 4/09/23
Interesting Reads, Listens and Links That You May Have Missed
“Max Rudsten, chief revenue officer of Monterey’s POSIBL cannabis farm, said he expects the industry to continue bleeding farms throughout the year.” This article is a good summary of what is going on in California with some quotes sprinkled in from yours truly.
What happens when you launch adult use cannabis sales with low taxes and let a bunch of dispensaries open? The sales data coming out of Missouri is simply remarkable as the state is now on a run rate of $1.5 billion of annual sales in only its second month of adult sales.
The productivity improvements that come from matching an AI assistant to a human could be incredible: “The programmers who used the AI assistant completed their tasks on average in 71 minutes, compared to 161 minutes for the programmers without AI support. That is a 55.8% reduction in time to complete the task.” The whole thing is a fascinating post.
“As AI models get smarter (in whatever dimensions that their kinds of intelligence apply), they move away from the ‘commodity’ level and climb in value. In other words, a model that has 140 IQ vs 120 IQ is much more valuable than a model that has 120 IQ vs 100 IQ. Not only is it a rarer thing, but we can digitally duplicate it and build more data-centers, so supply is under our control in a way that it isn’t for human geniuses (which tend to pop up semi-randomly in the population).” Liberty writes one of the best and most interesting newsletter with a free version and a paid one. I highly recommend his newsletter.
Chik-fil-A is a monster that generates almost $9 million in annual revenue per location and $18.8 billion in system wide revenue. I can’t imagine what the stock would trade at if it was public. Here is some data on recent results for the private company.
Comedy:
Cannabis investors these days: