Misinformation, Cannabis, Banks and Multiplexes

The Kush

Hi! Welcome to the 1st edition of The Kush, our newsletter written specifically for Mondays and Tuesdays. Not because Mondays and Tuesdays need a burst of newsletter-driven dopamine, but because we think Mondays and Tuesdays deserve a special dollop of productivity and hope. Here we go.

Some People and Some Cops Destroyed Cannabis Plants

…………….and say they’re protecting the environment

The incident happened in Kullu, in Himachal Pradesh state of India. In order to delve deeper into this issue, we have to ask if the local activists there in question had a problem with the cannabis plant itself, or whether they didn’t like the activities of a few individuals who may have been involved in the local cannabis trade by chance. It is a vexing issue.

For the activist in question, who made the statement about protecting the environment, I want to tell him or her that the cannabis plants were already doing their bit to protect our environment, plainly on account of its very existence. It’s us, human beings on the other hand, who are actually the carbon dioxide emitters. Therefore, if mother earth were given a choice between human beings and cannabis, and if the sole criteria of decision-making were to be the safety of the environment, she would choose cannabis, not human beings.

Can India Bank on WhatsApp? 33% of India Can Possibly Do.

As per the Times of India, Facebook-owned WhatsApp will begin its journey as an entity providing moneylending and credit-based services in the Indian market. Two years back, sometime in 2018, the Reserve Bank of India had allowed and granted permission to WhatsApp to commence testing its payments feature for approximately 10 lakh (1 million) users. Remember, Facebook has invested $5.7 billion dollars for a 9.99% shareholding in Reliance Industries’ Jio Platforms, headed by Asia’s richest person, Mukesh Ambani.

Financial services are something we have always thought about, since its involved into the very core of our modern civilization. Quite simply, it is the market where companies provide money lending and borrowing services. Money which needs to be paid back at a future date as agreed and acceptable to two parties – the lender and the borrower (like the buyer and the seller in any other market like food and beverage, where the shopkeeper ‘lets’ you pay later).

WhatsApp has 400 million users in India. WhatsApp Bank could have too.

If you’ve the interest to explore finance, I would say, please go ahead. Our recommendation would be Zerodha Varsity.

India’s PVR will enter…. the food business.

Yes.

We admit it. We miss theatres. We really do. Although I wasn’t someone who needed to head to a multiplex theatre every Friday of every week, I did head there at least once in month or two, especially when something good would release – be it in any language.

India’s largest multiplex chain by number of screens (more than 750 screens all over India), PVR ltd., has seen exactly zero revenues ever since the lockdown began. Not only do multiplexes contribute more than 60% of box-office revenue for films, but more than 30% of PVR’s revenues come from…food. Especially popcorn. Being a multiplex theatre, since PVR cannot tolerate the uncertainty of waiting for the government to issue permissions to reopen in a staggered fashion, can’t they enter any other business other than the food business (which is likely to be fast food – an already full playground of competition)?

I understand that real estate is probably their most important cost-head. In which case why can’t they enter another business where rather than leaving halls empty in select locations, they can convert them into rental spaces for India’s urban farming start-ups?

Just thinking aloud here.

Have a Great Day :). Keep Blazing.

Also, never ever stay in boring jobs. If you’ve no choice on account of financial constraints or a lack of skills, ensure that you get attention by the strength of your initiative and then move ahead in the same entity to at least bump up the pay cheque.

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