The Money Mondays - Matt Morgan, the Cannabis King's Secret to Managing the MOST Volatile Portfolio 📈 E74

Episode Date: June 24, 2024

Matt Morgan, the Cannabis King shares his secret on how being an early adopter is the key to success and how he manages his extremely volatile portfolio. --- Matthew Morgan is an expert in the cannabis industry. With years of experience and a deep understanding of the plant's medicinal and therapeutic properties, Matthew has emerged as a leading authority in the field. As a trusted consultant and advisor, he has played a pivotal role in shaping the evolving landscape of cannabis legislation, education, and consumer awareness. Matthew's passion for cannabis extends beyond its commercial aspects, as he remains dedicated to destigmatizing the plant and promoting its many health benefits and practical uses. --- Like this episode? Watch more like it 👇 Cannabis King Matt Morgan & John Malott Made Millions from $0: https://youtu.be/rKDf9ZgFBaE Jimmy Rex's Million-Dollar Real Estate Strategy Revealed: https://youtu.be/OWADoFktfHQ Do This To Build A Profitable Investment Portfolio in 2024: https://youtu.be/lvgy6lSaCUM Walter O'Brien & Brian Goldstein's Best Strategies for Smart Investing: https://youtu.be/ekYroFfCSg0 Watch ALL Full Episodes Here: https://www.youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k --- The Money Mondays is a business podcast here to teach you how to make money, invest money, and donate money by showcasing some of the world's most successful people and how they do the same. Hosted by serial entrepreneur Dan Fleyshman, the youngest founder of a publicly traded company in history, this money podcast gives you an exclusive behind the scenes look at how the wealthiest celebrities, entrepreneurs, athletes and influencers make, invest and donate money. If you want to learn more business and investing while you work to improve your financial life, you're in the right place! Subscribe: https://www.youtube.com/@themoneymondays?sub_confirmation=1 Dan Fleyshman, The Money Mondays Learn more here: https://themoneymondays.com Watch all the podcast episodes: https://youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k Let’s Connect... Website: https://themoneymondays.com Podcast: https://podcasts.apple.com/us/podcast/the-money-mondays/id1663564091 Twitter: https://twitter.com/themoneymondays LinkedIn: https://www.linkedin.com/company/the-money-mondays/about/ TikTok: https://tiktok.com/@themoneymondays FB: https://www.facebook.com/The-Money-Mondays-110233585203220/

My wealth advisor has, I think he manages like 20 billion and he's got like, uh, I don't know, 500 clients. And he said, I am the highest. I have the highest risk for appetite by far out of any of his clients. I see where the world's going and I like to get in front of those trends to capitalize as much as possible and be a very early adopter. Ladies and gentlemen, welcome to the money Mondays. We are sitting here at the wild jungle parked outside We just had an event out here and one of our previous guests Is going to be back on the episode today. Normally we have all brand new guests But sometimes as you guys know

There's a couple key characters out there like the gary breccas of the world gary v etc That we want to get back on here multiple times and this guest is in that exact category. I'm probably gonna have him on here multiple times per year so get used to hearing about Mr. Matt Morgan. Matt has built up multiple companies in the cannabis industry, cryptocurrency space, medical space, and everything between doing hundreds of millions of dollars in sales and when I first met him he was giving me me a tour of 160,000 square foot facility in Las Vegas. Gosh, must be well over a decade ago now.

So we're going to talk about three core categories, how to make money, how to invest money, how to give away to charity. So without further ado, give a warm round of applause to Mr. Matt Morgan. Hey, hey, thanks for having me guys. Dan, always a pleasure. When I got the invite to come out for this event, you know, I didn't even hesitate. Jumped right in the plane and headed over. So if you could give everyone the quick two minute bio

and we'll get straight to the money. All right guys, originally a farm boy from Montana, had big aspirations. Everyone thought I was full of crap. Became a serial entrepreneur after I dropped out of college in 10 days. Started in real estate. Really caught my wind in medical and recreational cannabis.

Got involved in 08. I had a great run from 2011 to 2018-ish. Built over a billion dollars in cannabis companies. I've employed over a thousand employees across multiple businesses. I kind of used the wealth I've collected in my exits and deployed it into many different verticals that don't relate whatsoever so that I have a very diversified portfolio. And today I just live in Las Vegas and manage my portfolio of businesses and investments and kind of take each day, one day at a time a time and you know enjoy my family and whatnot.

So on the make money side you have so many options cryptocurrency, cannabis, medical, so many different options of what you could be investing your money time and energy into. How do you decide what you want to put your name behind what you want to put your money into? So when I was a little bit younger I'm 39, I'm becoming the old guy in the room. Let's say early 30s when I started to accumulate a decent amount of wealth, I was definitely the shiny object guy. So I would, I was so optimistic.

I was like, oh, I could do that with this and I could do that with that. And I think in 2021, I fired into like 50, 60 investments. Oh my God. And I was so reckless money. Like I would throw, you know. I don't care if I don't care. Yeah, I'd throw a quarter million dollars or something.

Like whatever, it's like 10 bucks. And I think I lost probably 80% of that. And so I was able, because what you have to understand is when you give someone money, if they're not a true, solid, ethical human being, whatever money you just gave them becomes their money. They're going to fly private and they're going to stay in the nicest suites and hotels and they're going to have four girlfriends and they're all going to have Cartier on.

I just saw so many things. So luckily I had some shining nights out of those investments. And so really I realized that focus is key. So find things that you like. Find things that you find mentally stimulating. I like things that are proprietary, that give you an edge in a vertical. I like things that are emerging, that are very, very new, where I see what the potential could be.

I like things that are technology based because although you know, although I'm a born in 85 and grew up in the 90s, so we didn't even have cell phones. I see where the world's going and I like to get in front of those trends to capitalize as much as possible and be a very early adopter. So also on the make money side, why do you think a lot of people don't make money? Like what holds them back from, you know, staying in their nine to five or staying in their, you know, by the way, there's nothing wrong with nine to five if you like the industry you're in,

but staying in their bubble and just like not going out there and expanding and trying to make more money. So I think like you touched on a very important topic, nine to five is extremely important. And that's why 90% of people are that. Runs our society. Yeah, and that's how we're trained from a very early age. So when you start kindergarten in our public education system, or maybe you're lucky enough

to go private, they don't teach you about taxes and doing profit and loss statements and balance sheets and how to even balance your checkbook. They don't really want you to know any of that stuff. They want you, they want to train you to be a doctor or an attorney or something, you know, a teacher. Anything that just gets you on the hamster wheel and makes you run really fast for 40, 50, 60 years until you're like, all right, I get my golden Rolex, I retire, I've paid my taxes like a good little boy or girl and now I get to die. So getting back to the question at hand, I think fear is the number one thing that keeps people from nine to five.

They cannot fathom the thought of that check not showing up every other Friday, whether it's they're single, married with children. Maybe there's multiple people relying on that check, but you have 16 hours in a day and You know, I get it. Everyone's got a thousand excuses But the people that want to break out of that nine to five jail cell because let's be real how many What's the percentage of people that love going to their job every day and doing what they do? I bet you it's less than 10 percent um

It's just the fact of life. So if you didn't have to show up at that nine to five every day You probably wouldn't right? So how do didn't have to show up at that nine to five every day, you probably wouldn't. Right. So how do we how do we break out of that? Well, you can continue working the nine to five and get that income, you know, keep it coming in so that you feel very stable and you feel like all your bills are paid and there's going to be food on the table and you can feed your children. Totally understand. I respect that.

Definitely feed your children. But that other time, let's say you get off work at five, maybe you can grind for four or six hours in the evening before you go to bed instead of watching Netflix or playing video games or whatever your forte is. Everyone has hobbies, make your hobby, making money and goal oriented to break out of the nine to five. So work on yourself and your project

instead of your boss's dreams with your nine to five, because that's what's happening. And so you have all these extra hours, everyone does, and I see how they spend them. Normally they're not productive, but it's all a choice, right? So you can either do like I did and just never really have a nine to five.

I've tried it and I just got fired every time. But you know, so there's two ways to do it. Just jump out of the airplane and build a parachute on the way down, or make sure you have multiple parachutes and don't cut the cord with your nine to five until your other job, which is your job, working on you, whatever you do in the evening,

that is sustainable to sustain yourself, potentially a wife, potentially children. So those are the ways to get out of it, but fear and lack of purpose and drive is the things that I see that keep people trapped in the nine to five, which I can't even imagine living that life. Like I feel so bad for those people. So on the investing side,

why are people so scared to invest? Whether it's the stock market, cryptocurrency, where does that fear come from? I think people work really hard for their money. I remember when I used to do nine to fives, I would calculate like I have my brain is very math driven. So I'd calculate how much money I made per second. And I'm like, all right, 45 seconds went by, I just made this much money. You know what I mean? It was such small amounts. But I'm like, God, I'm really like exchanging time for money. What a horrible thing to think about since we only live for so many seconds.

And I think that people... Is it fear again? They work so hard for their money, they don't, yeah, it is fear because they don't wanna put it into something and it goes to zero. Be like, oh my God, I saved up this X amount of money for 12 months, I worked 12 months and I didn't buy the flat screen TV

and I didn't buy the new F-150 pickup truck and now I have this money and it's also gives them a feeling of security to look at their bank account and know that they have 20,000 in there, 50,000, 100,000. That's a good feeling. I remember when I first started to accumulate money into an account, I'm like, oh my God, like I can breathe, right? And so these people get that sense of security

and they don't wanna fire that into something that is another unknown. They don't know if that's gonna, you know, give them 20% a year. They don't know if it's gonna give them 5%. They don't know if it's gonna 10x. They don't know if it's gonna go to zero. That's the biggest fear.

Oh my God, it goes to zero. Now, my safety blanket's gone. So again, it's fear, but just in a different way. So I wanna talk to you guys about something very important. When you start to accumulate some wealth and you get 20 grand, then 50 grand, 100 grand, 200 grand, 300 grand, et cetera, over the course of time,

that money sitting in your piggy bank, in your bank account, Wells Fargo, Chase, Bank of America, et cetera, is literally and physically losing value each year. Let me explain, this is not a theory, this is not politics, it's just math. Let's say you have $100,000 saved up. You are in a very small percentage of society,

you've been able to accumulate $100,000 that you don't need for your overhead. Bam, it's huge. Now, this is 2024. In 2025, your 100,000 spends like 91,000, and then 83,000, and then 72,000, and then 72,000, and then 65,000, et cetera, because we're facing around 9% a year inflation.

And there's no signs of that going away. And because of that, your 100,000 literally spends like 91, 82, 73, et cetera, over the course of time. Now, why does that matter to you? You wanna go buy the Ford F-150 that Matt talked about. It was 50 grand, now it's 54. Then it's 59, then it's 63, then it's 67, et cetera. You wanna go buy milk or muffins or bread or gas,

those were all $2 things that are now $4, $5, and $6. And so, when you're thinking about like, wow, I got 100K saved up. There are some very, very basic things you can do with that money. That's super low risk. And you're not going to have any worries about it, but you have to do something to make something back. I'll give you a quick example. CDs right now with your bank, literally Wells Fargo, are offering 5.1 percent.

That is insane. It's crazy. Just your own bank account, basically. You're just shifting your bank account to your own bank account and getting 5.1 percent. At insane. It's crazy. It's just your own bank account, basically. You're just shifting your bank account to your own bank account and getting 5.1%. At least you're fighting with inflation. Yeah. Right, something. You're offsetting a little bit.

Something, right? Your 100 grand is making five grand a year. At least now your 105 spends like 96, not 100 spends like 91. And so I say that because just a couple years ago, a CD was half a percent, half a percent. And so it's insane that they're offering 5.1% and something that's backed by Wells Fargo Bank of America and Chase.

Well, it's actually backed by the Fed. Exactly. FDIC insured. And so could something happen? Sure. Wells Fargo could go bankrupt. If that happens, you got way more stuff to worry about. Yeah.

If the Fed goes bust, your CD will be the least you worry about. Exactly. Ammunition becomes the currency. Exactly. All right. So the point of that was at least invest something, even if it's in something really low risk, getting you some percentage back,

because your money literally spends less and less year after year after year. All right, Matt, on the investing side, you've had these options, and then you've taken charge. You've done it. You've done real estate, cryptocurrency, cannabis, medical, etc. Yes.

When someone's considering what they want to invest into, how can they study, learn, decide? Like, how do they consume content? Like, what would you say to someone that wants to decide what they're going to invest into when they do have some money? Well, what should they invest into? No, just what do you- How to decide. Yeah. So I think you need to become an expert into whatever you're going they invest into? No, I just wanted to- How to decide. Yeah. So I think you need to become an expert

into whatever you're going to invest into. And when we were younger, we didn't have access to free information like we do today. I mean, literally, if you want to be disciplined and sit on the internet all day, you can learn, you can become an expert, a genius in anything, right? Just on YouTube alone.

We didn't have that. Also, you can go find industry experts through networking and start asking them questions and becoming friends with them. But I think not knowing what you're investing in can be a recipe for disaster. And I wouldn't like, you know, I've invested. Okay. So my wealth advisor has, I think he manages like 20 billion and he's got like, I don't know, 500 clients. And he said, I am the highest, I have the highest risk for appetite by far out of any of his clients, which I don't know, I just feel like I'm very confident in my decisions and I'm always willing to bet on myself and my assessments of what I think the future

is going to end up being. But if you're just dealing with 20,000 to invest or 50 or a hundred, don't be investing in startup companies and these things that are like, if it hits, it's like a 20X, but if it doesn't hit, you're going to zero. Invest in things that are like more of a known commodity, like the S&P 500 index, right? That's returned, what, 11% per year for like the last 100 years?

And it's like clockwork. And these big, huge companies and hedge funds like BlackRock They hire an army of analysts to do all the work for you Like you literally just have to buy one index and you're like you basically know you're gonna have 11% compounding year-over-year So that's like almost a sure bet If the S&P 500 collapses again, it's not gonna be that you're worried about you're gonna be trying to figure out how to eat Right, so that's safe Bonds are extremely safe.

Anything that's CD attached with the bank is extremely safe. So you don't have to take huge risks. It's when you have a big pool of money because you've been living below your means and you've been investing in things that aren't crazy risk. Now you have a big pool of money.

Now you start taking big risks. All right, I'm gonna take 20% of my portfolio or 30 or whatever it is and go into these crazy investments. But if one hits, maybe I did a seed round investment Uber. You're done, right? So now it becomes about managing your wealth portfolio and making sure you don't lose everything versus how do I get there. So we've had a lot of friends come and go through money.

Yeah, it's actually like, we should do a documentary about that because it's so crazy to watch. It is wild to watch. Yeah. Some of them have had big exits or gotten big contracts or gotten big deals or mergers, partnerships, athletes, influencers, celebrities, musicians, everyone in between. We've watched it happen sadly over and over and over. What do you think the biggest reason is that a lot of people that make money end up going

bankrupt? the biggest reason is that a lot of people that make money end up going bankrupt. So the things that I've kind of observed over time is people that weren't raised in a money type of family, they're not taught how to manage money, how to manage risk, how to handle large sums of money. So most of the people that I've seen that have made large sums of money that didn't have the proper training from their parents, basically they broke a generational curse with their family and they leveled up big time. I think they see these big huge numbers that they've made, whether it's 5 million or 10 million or 85 million or 130 million.

They're like, all right, I just made it and this is never running out. So now they have a full staff, they have an entourage, and money actually goes a lot faster than you think, you know, and they're paying for these lavish trips and they're paying for all their friends and they have 22 cars and they have six houses, but then they don't realize the upkeep on all the houses. They don't realize that each dinner and lunch can cost 10, 20, 30, $40,000. They don't realize that they gotta pay taxes on this stuff every single year.

And it's the same thing with the pro athletes, right? Like our friends are, they're in different industries, but it's a similar sort of events. These kids that have no training in how to invest their wealth are just flying by, see their pants, and they don't put any away for any day for two reasons. They think they're gonna hit it big again. And they just don't think those big numbers are ever going to go away.

So I think that there's three main reasons why people that make a lot of money end up going broker bankrupt. We've heard the famous statistic, 85% of NFL athletes go bankrupt within five years of leaving the league. That is terrible. I hate it. I think about all the time. It's painful. It's frustrating because it's fixable and curable. Here's the three reasons I think that it happens. One is information. We grew up, they didn't teach us about money in high school or college or anywhere. We weren't even allowed to talk about it with our parents or our friends. It was rude to talk about it. So information was a big factor and why a lot of people don't

know what to do with money. Kind of like what Matt just mentioned. Two, their circle. It's very expensive. Very expensive overhead-wise. You know, you hear the famous stories of like the MC Hammer, Alan Iverson, Evander Holyfield. These are legends that had $100, $200 million, $300 million in our living and apartments. Zero.

Wild. Zero. And. Zero. And mostly because of their overhead. They would roll 20 deep, 40 deep, 50 deep, 100 people in their entourage and they're paying rents, mortgages. You're like, oh, it's only two grand here, five grand here, 30 grand here, 10 grand here, two grand here. It times up by 30.

That shit adds up. By 40. Yeah. By 50. For months and months and years and years, it adds up real quick. And third is they don't know how to say no. This can get really difficult. And sometimes we have to have a hard discussion

when a friend or family member asks for money, they don't know how to say no. Friend or family member says, hey, invest into my thing, here, give me a quarter million. They don't know how to say no, that's a bad idea. No, you don't know how to run an operation. No, you don't have a business plan. No, you don't have financials.

Like they can't say no. And you think, oh, it's only 100K, 200K, Dan, you said that they lost 100 million, but 100K, 200K, 10, 20, 30 times, and a bunch of mortgages and rents and apartments and cars and 2K, 5K, 5K, 10, 10, 10, 10, and then buying presents for 100 people a year. And oh, it's only 300 bucks a present, not times 100.

It's Louis Vuitton, it's 4K a present. Right, times about 100. Yeah. And all of a sudden, because you're rich, why did you buy, you can't buy him a $100 thing. That would hurt your a president. Right, right. Times up by 100. Yeah. So all of a sudden, because you can't, you're rich. Why'd you buy, you can't buy him a hundred dollar thing. That would hurt your ego and your image, right? And so these three things are what I think about when people end up having these huge financial issues is lack of information, which is frustrating

for our society. That's why the Money Mondays podcast literally exists. The circle that's around them and the ability to say no. All right, Matt, third and final category, giving it away. Let's talk about charity. Why do you think it's important for humans themselves and for their family to consider doing more charity work? So I grew up, uh, you know, um, very modestly, I would say for, to put it nicely. And so I thought that, you know, I would, I would say, to put it nicely. And so I thought that I would pin up posters

of Lamborghini Kuntaks, and there's that famous picture with the house and the boats in the front with the helicopter and the cars. And I would tack these up on my wall with the thumbtacks. And so I just saw how many problems lack of money created in my ecosystem. And so I associate, I'm like, oh, well, if you're rich, it fixes everything. Right. And it makes all your problems go away.

And so when I started to make a lot of money, first and foremost, I wanted to flip the middle finger to everyone who doubted me. But as you get older and more mature. You start to feel sorry for people. And I started to live with guilt. I'm like, why do I have like these children, you know, their parents can't afford to feed them, but why do I have five cars? You know, why do I have 200 pairs of shoes still in the boxes? You know what I mean? Like it, it, it,

the guilt starts to wear on you. Um, and I think helping people that are less fortunate because you're very fortunate for many circumstances, I think it really helps you feel a lot better by your situation. Last question I asked this very often and I didn't get to ask you when we filmed together last time because it was way too hot. In Miami it was like 105 degrees. Every time I ask this question,

I've never gotten the same answer and I don't think I'm gonna get the same answer today. If you were to have children, and you're gonna live a lot longer than most people because you biohack everything. We'll see, we'll see. So let's say it's 100 years from now, 120 years from now, you've got bionic arms and bionic kidneys

and you've got all the peptides, and you live to 150 years old, but you have children. And let's say Matt Morgan has $1 billion. Maybe you'll have two, three, four billion. Let's just use a billion dollars. Okay. What percentage of $1 billion does Matt Morgan has one billion dollars. Maybe I'll have two three four billion. Let's just use a billion dollars Okay, what percentage of one billion dollars does Matt Morgan leave to his two children? So I would probably leave Ten percent of it, but there would be so many I will create the craziest trusts stipulate and things attached to that trust like

That will they will have to achieve so many hurdles to get access to that money because I've seen what just giving access to young people. Yeah. What it does to the human being and it turns them into monsters. So my kids, they were only won't see a lot of money until they're probably late thirties, early forties. And they're going to have to show many with many achievements of why they deserve to have that money. And the other 90% will go to animals.

Animals? Yes. That's awesome. Yes. Any particular animals? I love all animals to be honest with you. I just, I don't know, it just pains me to see how some people treat animals. So my goal is to do something similar to what you have. Just over time, a complete animal rescue for wild and domestic animals.

You can build a house right there. We might have to start buying up this whole valley. No problem. But no, you're already steps ahead of me of what my goal is as I get older. So the concept here at the wild jungle, what Matt is referencing, it's wild jungle, W-Y-L-D. You guys can check it out on Instagram. It's obviously with our co-host, the real Tarzan. We're averaging 200 million views a month for wild jungle

to showcase animal preservation. And most of our 209 animals, I think 180 of them are rescues. Amazing. And the number is growing because they're having a lot of babies. We just had a lot of babies come out this last week in particular. But the concept of the wild jungle is to help animals for that very reason, like Matt said. And so for you guys out there in your town, in your city, think about you don't have to necessarily have money.

What if you could spend time or energy and help the local animal sanctuary? What if you could help with the adoptions? Maybe you can't adopt or you can't afford to adopt them. What if you could help promote a dog that needs adoption or a cat that needs adoption? Think about in your community. Everyone like has time, whether you have money or not. Maybe you have 200 friends on Facebook, maybe you have 100 followers on Instagram, but if everyone just posted that animals need to be adopted, like the network effect of that is crazy, right? Like the other day I live in Las Vegas and I have quite a few followers, but I posted that the Humane Society was overflowing

with pets that just got abandoned basically, or just people leave them at the front door. And so they were literally setting up like temporary kennels to hold all these dogs. And they, a bunch of people ended up posting, but they, I think five or 600 pets got adopted in one day. Whoa. Yeah. So, wow. And I think, I think that the perspective is changing. Like animals have so much emotional intelligence.

Sure. And they don't deserve to be abandoned or locked up in cages. Like they're, they have feelings and like there's so many videos and like studies that show that. So, I have parrots and like they're like my little kids. So I just I don't know. I'm a big animals are helpless to a certain extent. They need humans to ensure that they live a quality life.

So I don't feel sorry for humans because they can do something about it. Animals, not so much. So I think they need all the help they can get. All right, guys, check out the real Matthew Morgan. Check out Matthew Morgan across social media Mostly Instagram Matthew Morgan you can check him out on Instagram other platforms as well Please visit us at the money Mondays calm Liking commenting subscribing all those things help a lot as you notice. We fund this ourselves We don't do as I'm not reading commercials to you guys not opposed to brand deals

I've just been avoiding it for last year and and a half because I wanna keep a very clean cut podcast for you so you can listen through in under 40 minutes on your way to work or on your way during a workout. So make sure to check out Matt Morgan across social media, visit us at themoneymonday.com and we will see you guys next Monday. Thanks y'all, appreciate it.