Hi! Welcome to the 15th edition of Gloria Indica, our newsletter written specifically for Wednesdays and Thursdays. If you’re reading this for the first time, then welcome. Wherever you’re from, whenever you’ll read this, this is our newsletter when we train our eyes a bit more specifically to the cannabis, business and technology narratives going on around the world of ours today. Narratives that’ll have an impact on all of us, if not immediately, then definitely in a few years.
Let’s start blazing and talk about the world.
Mukesh Ambani is Blazing As Usual
As per the Economic Times:
“India’s richest man, Mukesh Ambani, has earned Rs 90 crore every hour since the March lockdown, suggests the IIFL Wealth Hurun India Rich List 2020. As per the yearly report, Ambani’s personal wealth rose by Rs 2,77,700 crore to Rs 6,58,400 crore, as he retained the richest Indian title for the ninth year running. The chairman and managing director at the oil-to-telecom major Reliance Industries saw his total wealth surging 73 per cent in the last 12 months, making him the richest individual in Asia and fourth richest in the world.”
The Economic Times with its first sentence about Mukesh Ambani ‘earning’ 90 crores every hour is a little misleading.
They’re making it sound as if he has such amounts lying with him in the bank. This is not true. We’ve to remember how Capitalism and the financial markets work. Companies borrow money from institutional investors and retail investors (people like you and me) to finance their expenses and become more productive. It is this belief in their future value that makes sure that companies’ stock prices continue to rise and fall with each new development in the real world.
Therefore, Mr. Ambani is worth a lot. And he’s blazing.
Let’s keep blazing ourselves.
The Blazing Effects of An Election, Do They Matter?
Do they? Yes they do. Because no one would like to be trapped with a permanent set of people in charge of the finances put up by them just because the government has the right to. Think of it like this: why do we pay money to the government, after we ourselves earned them? Our hard-earned money, and we’re giving it to the government. Broadly, the agreement is that enterprising individuals would support the government’s endeavor to empower and uplift the most downtrodden of society. But do governments adhere to this agreement all the time, or do they follow it selectively focusing only on the people who voted for them?
In turn, the government would formulate rules, and act as a referee for hordes of enterprises who want to be productive, earn wealth and increase their wealth over the long-term.
Here’s MIT technology Review talking about election data:
“Campaigns and elections have always been about data—underneath the empathetic promises to fix your problems and fight for your family, it’s a business of metrics. If a campaign is lucky, it will find its way through a wilderness of polling, voter attributes, demographics, turnout, impressions, gerrymandering, and ad buys to connect with voters in a way that moves or even inspires them. Campaigns that collect and use the numbers best win.”
In India, the world’s so-called largest democracy, as the world’s depicts elephants and beautiful classical dance, nothing could be farther from the truth. Classical dance? Elephants? Approximately 900 million people in India are eligible to vote every five years, and candidates and parties follow all sorts of strategies and tactics.
Our favourite is the speech. Not only are Indian politicians’ speeches riddled with subjective language which don’t mean much, they also include nationalistic chest thumping and religious expletives laced with talks about external forces and dangers. They’re also entertaining in many cases. Can a dump of intentional news articles change the course of any election? We certainly think so, because not many people have the self-awareness to delve deeper into real issues and tend to stay on the surface, too busy with their day to day survival to have any idea about the intentions of their political masters.
Let’s keep blazing.
Medical Cannabis in Germany
Germany is one of the world’s most lucrative markets for any brand, for any company owing to the nation’s extremely aspirational and educated population who have the money to spend liberally on things they like and on the things they need. In terms of the German healthcare market, medical cannabis companies all over the world are eyeing the nation in order to make inroads there.
Quoting from Marijuana Business Daily:
“Germany’s first domestic harvests of medical cannabis flower – originally expected to occur by November – could be delayed because of the COVID-19 pandemic, according to a government reply to a parliamentary query. “It cannot be ruled out that the persistent consequences of the COVID-19 pandemic in many economic sectors could have a time-delaying effect on the start of deliveries in 2020,” the government said in its response.”
“This would mean Germany will likely continue to remain fully dependent on imports longer than originally planned. Marijuana Business Daily asked the only three in-country growers when they expect to deliver their first harvests, and none could offer assurance that their inaugural deliveries would take place in accordance with the expected 2020 timeline. Canada-headquartered Aphria and Germany-based Demecan acknowledged that an early 2021 harvest is the new plan.”
We’ve time and again remarked how psychedelic plants including cannabis are going to disrupt the global healthcare markets since modern healthcare does not have cures for so many diseases running rampant in the world (Covid is only the latest one). Mark our words. Nations of all hue and colour, are going to embrace this opportunity with open arms and we have no doubt India will too, since India already has a healthy tradition of plants in healthcare and its foods and beverages.
Let’s keep blazing.
Have a great day 🙂