# #214 - S3 Playbook: Calculating Upside vs Managing Risk (ft. Hirsh Jain of Ananda Strategy) Page: https://stenobird.com/podcast/cannabis-investing-network-467063/214-s3-playbook-calculating-upside-vs-managing-risk-ft-hirsh-jain-of-ananda-strategy Text version: https://stenobird.com/podcast/cannabis-investing-network-467063/214-s3-playbook-calculating-upside-vs-managing-risk-ft-hirsh-jain-of-ananda-strategy.md Podcast: [Cannabis Investing Network](https://stenobird.com/podcast/cannabis-investing-network-467063) Published: 2025-08-20T09:00:00+00:00 Episode link: https://podcasters.spotify.com/pod/show/cannabis-investing-network/episodes/214---S3-Playbook-Calculating-Upside-vs-Managing-Risk-ft--Hirsh-Jain-of-Ananda-Strategy-e372e91 Audio file: https://anchor.fm/s/cbdfbf8/podcast/play/107083489/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-7-20%2F116615b1-0418-bca6-ecb5-d1fcde1a50e5.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/cannabis-investing-network-467063/episodes/214-s3-playbook-calculating-upside-vs-managing-risk-ft-hirsh-jain-of-ananda-strategy Duration seconds: 4976 ## Resource We are back with a jam packed episode at an exciting but turbulent time. In this episode we discuss: - S3 Calculations: Why we are optimistic - S3 Reality vs Possible future effects - Financial framework for MSO upside - Strategy for managing risk - Revealing my cannabis portfolio - What I've bought & sold recently Thanks to Hirsh for a great discussion as always Connect with Hirsh: LinkedIn - ⁠ ⁠https://www.linkedin.com/in/hirsh-jain/⁠⁠ Twitter - ⁠ ⁠https://twitter.com/anandastrategy⁠⁠ Hirsh's Website - ⁠ ⁠https://anandastrategy.com/ ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/cannabis-investing-network-467063/episodes/214-s3-playbook-calculating-upside-vs-managing-risk-ft-hirsh-jain-of-ananda-strategy/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/cannabis-investing-network-467063/214-s3-playbook-calculating-upside-vs-managing-risk-ft-hirsh-jain-of-ananda-strategy.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.