Are you ready to tackle the complexities of cannabis legalization? This episode delves into the tumultuous relationship between legislation and the green plant that's sparking nationwide debate. Join us as we dissect the urgent plea from U.S. lawmakers to the DEA about cannabis scheduling, and the dance between Congress and administrative powers in the ongoing reform saga. We'll peel back the layers of licensing battles and the Safe Banking Act's critical role in shaping the future of cannabis in America.
Venturing further into the fray, we spotlight the challenges and opportunities of cannabis markets, sharing insights from industry insiders like Claire Peterson in Michigan. The conversation takes a twist as we examine the eccentricities of strain naming and the quest for product consistency. You'll also get a glimpse into the strategic moves shaping the cannabis landscape, and how businesses like MedMen navigate the treacherous tides of real estate and regulation.
Strap in for a ride through the political dynamics at play in the cannabis industry, all while enjoying some lighter moments reflecting on celebrity decisions and strain naming shenanigans. From John Mayer's hangover revelations to the peculiarities of hemp consumption laws, this episode is a tapestry of tales that will leave you both informed and entertained. Don't miss this whirlwind tour of cannabis legalization news and updates—it's high time for a change, and we're here to share the buzz.
Are you ready to tackle the complexities of cannabis legalization? This episode delves into the tumultuous relationship between legislation and the green plant that's sparking nationwide debate. Join us as we dissect the urgent plea from U.S. lawmakers to the DEA about cannabis scheduling, and the dance between Congress and administrative powers in the ongoing reform saga. We'll peel back the layers of licensing battles and the Safe Banking Act's critical role in shaping the future of cannabis in America.
Venturing further into the fray, we spotlight the challenges and opportunities of cannabis markets, sharing insights from industry insiders like Claire Peterson in Michigan. The conversation takes a twist as we examine the eccentricities of strain naming and the quest for product consistency. You'll also get a glimpse into the strategic moves shaping the cannabis landscape, and how businesses like MedMen navigate the treacherous tides of real estate and regulation.
Strap in for a ride through the political dynamics at play in the cannabis industry, all while enjoying some lighter moments reflecting on celebrity decisions and strain naming shenanigans. From John Mayer's hangover revelations to the peculiarities of hemp consumption laws, this episode is a tapestry of tales that will leave you both informed and entertained. Don't miss this whirlwind tour of cannabis legalization news and updates—it's high time for a change, and we're here to share the buzz.
What is happening out there in TV land. On YouTube my name's Tom. You can find me over at CannabisIndustryLawyercom here with what happened in cannabis legalization news. Lawyercom here with what happened in cannabis legalization news Last week. We have a letter to the Attorney General and also the lead administrator of the DEA. It is our lead story. We have a lot more of it to cover. So let's get into the trending stories of the week with our co-host, miggy.
Speaker 1:Hey what's up? Happy Sundayay, everybody. You could be anywhere, but you'd like to catch up on the cannabis legalization news. Where's schedule three? We'll tell you where you might even get to that link.
Speaker 1:Maybe you stick around at 420 somewhere. I'll send you a link for how you could get updates from the dea when they will publish it. I have Didn't get an email all last week. I was really looking for the email the week before that. Didn't get the email then. So this newsletter it's not a newsletter but this letter from members of Congress lots of them, I think it was like 21 members of Congress signed the letter 21.
Speaker 2:US lawmakers.
Speaker 1:Federal cannabis update. Yes, many, many, even the retiring Earl Blumenauer. I'm sure he thought he would have gotten this thing legalized a lot quicker if you would have asked him this 20 years ago, when he was still lobbying in favor of the industry.
Speaker 2:Well, I mean, we've come a long way, baby, but we've still got a lot to go. You know it's been a cycle, right Like you just got back from that event yesterday or two days ago and you interviewed a guy locked up for eight years you know eight years.
Speaker 1:Check that out. Yeah, trevor, Trevor Trevor from Minneapolis has a great brand because Minneapolis, minnesota, codified the hemp loophole and so it's not a loophole if you codify it, because then it's a law, and so they have THC low dose, hemp based THC beverages and edibles that you're allowed to get a license for make, manufacture and sell, and so his is like freedom brand and part of the funds, the profits that he gets from that goes to like Freedom Grow and other inmates that he wants out. He's working to help get them out. So let them go. Joe, that's what we got to do. We got to get it to schedule three and then let them go.
Speaker 2:I think you know, if de-scheduling, re-scheduling were to happen, that would definitely give power to people who are locked up for any type of like commerce type thing right Now, if it's a lot of other various, but there's plenty of people just locked up for weed right who decided to be just a farmer or just to be in between guy. You know the pickup pounds to go to the next place because that that happens. But uh, what do you want to take on this? 21 us lawmakers express frustration with da's inaction with canada. Scheduling like, rescheduling like it's in their court now come on, da, yeah well, no, no, no it's in the.
Speaker 1:DOJ's courtyard. We can go to the letter. Let's check out the letter. And so this was it. It was published on April 24th or mailed on April 24th, and they sent it to her boss. And so the boss is Merrick Garland, the Attorney General of the United States, and then the Administrative Chief, the Administrator, that's Ann Milgram. She's the head of the DEA. So, like, what's taking so long? It's been 18 months since President Biden directed DOJ to begin this, and then they say moving it to Schedule 3 would be meaningful improvement. The only way to remedy the most concerning consequences of marijuana prohibition is de-scheduling marijuana. Altogether Correct, but the 21 lawmakers who signed this letter need a bill in Congress to de-schedule, will take congressional action.
Speaker 2:I know you say it's the DOJ's responsibility, but could you just narrow it down to just the DEA? Right, because they're the ones that are going to be the you know hominy dummity final ones? Right, I mean not Merrick Garland, but whoever's in. Just the DEA? Right, because they're the ones that are going to be the you know how many dumby final ones, right, I mean not merrick garland.
Speaker 1:But whoever's in charge of dea, uh, merrick garland's in the charge of the dea, the dea is in the justice department and so like hierarchical things. So if the dea says no, he can go, you're fucking fired, and then they can put in somebody else. Now they do mention on the second page of it they mention let's bring that back up so you can see it's been almost eight months eight months, although some DEA agencies have indicated the agency's review of HHS scheduling recommendations takes usually six months. Almost eight months have passed since DEA received HHS's rescheduling recommendation for marijuana. I'm wondering if that's because of mechanics. They're trying to think about how to get the rules out there for licensing all these operators throughout the United States.
Speaker 2:One of the things that I saw in one of the. You know the many cannabisoriented publications out there on the internet right Like weedweedcom, biz, whatever but I found one Instagram where they talked about how there's going to be a period where you have to take comments right Right, meditory, so that's going to be like your. Are they going to start doing that soon? Is there any word on?
Speaker 1:that they have to publish the interim final rule first. Stick around for once. It's 420 somewhere. I will pull out the website at federalregistergov for the DEA where you can sign up and get their email alerts. When the rule will be published, you'll be one of the first person to know. Give a safe banking act. Again, congress needs to do its job Rescheduling. The administration can do that and has and taken steps to do it. But if Congress is writing these letters to the DEA administrator really wants change in action, congress is the one who has to do the change in action. Rescheduling too, though would also.
Speaker 2:Wouldn't that make it all avoid safe banking, like there's no need now, because now you're even put into one of the scheduling categories and so the system, the banking, financial, it's?
Speaker 1:still all illegal and so like.
Speaker 1:That's one of the reasons why.
Speaker 1:So like if you're moving just in schedules and you're going through the ordinary channels of the pharmacies and so if you're going through ordinary medical channels so you have like an fda approved drug and that fda approved drug is then going to uh, one of the dea registered uh pharmacies that has controlled substances in it.
Speaker 1:So like if you're just like moving it through the schedules and it's just a normal drug, sure, but cannabis is a plant and so there's no fda approved cannabis. So maybe they're trying to, or or like methods to get you registered as a uh a card holder at the federal, at the state level, so that you can be compliant at the federal level. Maybe they're trying to fix that, because that one's tough, that is a tricky one. It would take, like some lawyers and regulators, time to figure out how they would mechanically do that, and I think that mechanics in the Schedule 3 rule will be the foundational underlying the descheduling. So then, once they have that, and then the FDA has to get involved too, because we have all these cannabinoids that are unregulated right now.
Speaker 2:But do you think, um, because all these entities, but the plant itself is so complicated, like the kind of like, the question of like, how do you allow this plant to be considered medicine? Or what elements right, like, isn't it weird that botox use the tight faces and make people pretty is also used for headaches and actually legitimate things that actually affect people, whereas cannabis there's a whole range gamut besides strains, terpenes, all this stuff. Some it helps reduce, fight cancer it's proven. Some it helps reduce inflammation proven. Some of it helps with inflammation, you know, east ran. Uh, it's gonna be a hard thing to make this plant an organic thing like say, hey, you know, there's got to be a blanket way to, you know, provide prescriptions, subscription, you know, to access to the plant yeah, well, again, I I just hope that that's what they're working out and that's why it's taking a little bit longer.
Speaker 1:Because when the farm bill was passed until that interim final rule came out, it was about 11 months, and I think some of that was because they had to figure out mechanics for how they were going to do the systems and how all the states would then register with the USDA and the set of rules that they'd all have to comply with. So we're going to get a rule, and a rule is very similar to a statute mechanically. It's going to tell you like the procedures for doing these transactions in this schedule three substance, which, of course, is not FDA approved. So it's it's different than if it was just like any other rescheduling order they got from HHS. So that that, I think, is why it's taking a little bit longer. But I really hope that it comes shortly. And then stick around for a few more minutes. I'll pull out the DEA's website over at federalregistergov where you can go and get the updates when it happens.
Speaker 1:But let's check out everybody who signed on to this letter. Look at the murderer's row of Democrats here. Look at the murderer's row of Democrats here. We got Liz Warren, earl Blumenhauer, john Fetterman, barbara Lee, charles Schumer, bob Garcia, kristen Gillibrand, eleanor Holmes, norton, ron Wyden, jan Sikowski, alex Padilla, donna Titus Peter Welch, katie Porter, jeff Merkley, val Hoyle, becca Ballant, john Hickenlooper, cory Booker, james McGovern and Bernie Sanders.
Speaker 2:Where is?
Speaker 1:Representative Mace's name. Wow, mace, not care, because I thought she put out the States Act. And is this just all Democrats, or is this a bipartisan amount?
Speaker 2:That's what I was looking at, but it is senators and House, so you've got a combination of both.
Speaker 1:It's the members of Congress, but I just see D's after everybody's name in the news report.
Speaker 2:I mean, it's not a surprise, but again, maybe the fact that there's noise being made is, you know what do you say hopeful, to look forward to?
Speaker 1:Here's a good one, let's check this out. I'm going to share forward to here's. Here's a good one, let's check this out. I'm gonna share my screen here and then you can see. It's just lots of d's right there you got. Yeah, schumer, jill, abran, merckley, padilla, van holland, peter welch come on ours. Well, you know that you guys don't want legal weed. Is that what you're telling me? Not even telling me you don't want legal weed, you want legal medical weed. I'm not even saying. They're saying like, drop it entirely, completely deschedule. Yeah, meet us in the middle let's say that it's medical.
Speaker 2:Come on yeah but to the medical side of things, uh, you know, as you're talking about how the the right now regulation needs, about the infrastructure and what needs to be laid out. But again, aspirin, right. Does it have to be a specific thing that says, like cannabis here is here to like you know, x, y and Z, or can it just be like, okay, it's like aspirin now, where you can have this, you don't need a prescription, you just need a license to be the aspirin supply store or whatever?
Speaker 1:fundamental that takes, that you know they have to do. Well, that's that's. That's what I'm hopeful for that it becomes uh otc and and it's a schedule 3 otc which is just not fda approved because it's been in circulation for so long. However, maybe that the ihds will stay in schedule 2. That would be hilarious. If ihds go to schedule 2 and like uh natural, uh rosins and resins that you press out of the plant and squeeze it, or, like you know, bubble hash, ice, water extraction hash, those would be considered schedule three because those have existed in our supply chain for thousands of years. Just like, I mean, aspirin is more of a drug because, like aspirin, they start from like a bark of a tree, I think, and then they process it, but fundamentally they take leaves and they process.
Speaker 2:So it has to be processed. The thing has to be processed to be considered a scheduled, viable medicine well, I mean, like that's the thing, like weeds included, but it's.
Speaker 1:It would be like the opium poppy is in schedule one, heroin schedule one. Right, like here we have the plant is in schedule two, cocaine schedule two.
Speaker 2:But in with the case of marijuana under federal law, or cannabis we like to call it, uh, that is considered a schedule on plant okay, interesting, that's great, and you know, but though res know, but though Rescheduling or de-scheduling, however, or at least rescheduling the one option we have, that we have right now because, as long as this administration Is in charge, right, because this can change at any time.
Speaker 1:As long as there's Well, it could change around January 20th. Well that's, january 20th, is when Donald Trump may Be sworn in, or Joe Biden sworn in, for a second term.
Speaker 2:And again, we're not. I'm at least me, I'm not because you were. You're pro, that's like your political you're. You're very involved in this right Democrat type thing. I've always been an independent where it's like I'm just waiting for the motherfucker to like to help me get by the way. I want to get by Right, which is if we can reschedule it right Like the New Mexico story we're about to cover. If you know, this would eliminate some of those seizures that's been going on. Right Interstate commerce.
Speaker 1:Well, are you talking about the New Mexico story? Yes, let's get into the New Mexico story. This has been interesting. New Mexico, seizures of cannabis products in New Mexico and the administration is being annoying to the administration in New Mexico. So the federal government is kind of being a little bee to the New Mexico government. They have some interesting quotes in this political story and that's the picture of the governor, new Mexico Governor Michelle Luann Grissom, and she feels boxed in by the federal government's crackdown on New Mexico's state legal industry and it was kind of like a trivialized thing where. Let's get to the quote. Do you remember it off?
Speaker 2:the top of your head.
Speaker 1:It's like people are just making money.
Speaker 2:It's basically what they said. We got that time.
Speaker 1:Oh, is it 20 past the hour already? It is. It's 4.20 somewhere. We're 15. We're late.
Speaker 2:Big one for the team.
Speaker 1:Oh, my stuff should not be shared. And I said, uh, yeah, and so why don't you talk about this story? Because I'm trying to get something that I told the viewers that I would share with them yeah, well, you know.
Speaker 2:On top of that, though, I wanted to thank a lot of our base for the uh, the forwarding of this. Uh, you know, helping. So are you still doing a social equity? How many more people? There was a comment earlier about.
Speaker 1:It's closed, it's over, it's too late. Guys Like we will help represent social equity applicants on a contingency fee basis. Missouri is dead for this year. Missouri 2025, it closes tomorrow. And so, because Missouri 2025 closes tomorrow, like you I have a policy of not submitting applications on the day that it closes. Sure, because my app, my clients get in, they don't get. They don't have some bullshit that happens where the server melts down and they can't get in and no, no, we're done before it's done. Because we we're very meticulous and careful with, uh, with our, our clients, and we don't take there's too many risks in the cannabis industry just from the get.
Speaker 2:we don't start with any additional ones you were reaching out to vets really and then all vets would understand like it's all about getting your ducks in a row. You know paperwork, you know. That's kind of like how we were able to get our license.
Speaker 1:You know in illinois because and we didn't have a people last day. We applied before the last day, didn't we? And then we won. Yeah, but it was a, it was a like a fluke right like we didn't.
Speaker 2:Even I never had any inspirations of actually being in a business here now we're about to, and I think it's cool that you are somebody that has firsthand experience which kind of you know it's like you're going to reuse it, and so we get Illinois dispensary open.
Speaker 1:and then we have our social equity applicants that we help, you know, in a contingency fee basis and then we get them open. Because one of the hardest things about the social equity applicant limited market, limited license market of adult use cannabis, which is not hemp has to do with becoming operational. Illinois is a very cautious, cautionary tale as, like 80% of the people that have won these licenses are not operational because of either insular, discrete fraud on the business's parts, very poor business planning on novice business owners that see this as their golden ticket and then larger, well-orchestrated, what I would classify as frauds, because if somebody else gets the license and you can't touch it and you sell that license and pocket 95 cents on the dollar and then you pay off the person who got the license five cents, no, like that's, that's, that's no. But then that happens.
Speaker 1:it's extremely not fair, but it happens for sure.
Speaker 2:There's definitely vultures and people who are trying to, and that's the problem with like the way this legalization has rolled out right. Like this is Not legalization. I thought I wanted to sell weed when I got older, you know, like in A legal world, but turns out that means you're A bud tender. You know it's not a. I used to go travel with pounds and show Up another guy's door and be like hey, here's a brace, here's your personal whatever. No, you want to have a brick and mortar. You're either going to be the guy that grows and then they sell their pounds to a store and then that person holds on to the space. The whole process of actual business is so unsexy, but also people do it and be corrupt as well.
Speaker 1:It's not just unsexy, it can be cutthroat, it can be bullshit Like, and there's bullshit that gets thrown out all over the time.
Speaker 1:Litigious, yeah, burner. Burner is probably in 25 lawsuits right now, 26 come Monday, and then we're going to talk about another company that's been in a lot of lawsuits. They're in a new legal proceeding that you can't do here in America for cannabis license holders. It would have been amazing if they would have tried to divest from all their licenses, said they were doing hemp and then filed for bankruptcy in the United States bankruptcy, but that's not what happened to MedMen. Tune in later for what happened to MedMen.
Speaker 1:Here's what happened in New Mexico, though. What was that snarky crap that they were saying about? There it is. So this is the quote from New Mexico governor her frustration with Mayorkas' response. The secretary just said to me so you know who cares. They make a lot of money. I thought that was really inappropriate. And so the CBB, that is, the Customs Border Patrol, has the legal authority to confiscate any cannabis with more than 0.3% THC. That includes THCA for those of you keeping track at home, because it remains federally illegal under the Controlled Substances Act. Over the last three decades, 38 states, four districts, yada, yada, but that's what it is. And so CPP is not part of the Justice Department, it's part of the Department of Homeland Security, so they are not banned from spending your federal tax dollars to shut down licensed cannabis operations.
Speaker 2:And they're not shutting down, they're confiscating, they're stopping, they're not actively doing raids. People are going through these checkpoints Like coming from somebody. I used to live in Southern California. People are going through these checkpoints like coming from somebody. I used to live in Southern California. You know you have these checkpoints that are supposedly going to catch all your like illegal grocery, you know like fruits and whatever else, or you know illegals per se. So like that's, what's happening is they're stopping, you know, people within their own state. My question is why is it that they're taking it upon themselves to enforce this part of the law? Why is it this one part of? They don't have to as a border patrol Because it's illegal, but they're bordering within the same state. They're not even bordering from the actual Mexican line.
Speaker 1:They just don't like weed. It sounds like who do you care? They're making a lot of money, according to what the chair or the director of the HHS said. But if you at home want to get notice of when the DEA which of course was our first story, our main story the 21 Democrat Congress people that sent a letter to the Justice Department that is both Ann Milgram, who's in charge of the DEA, and her boss, who's in charge of the complete Justice Department, Attorney General Merrick Garland here is where you can find their Federal Register updates, and so we're going to share this with you. It's federalregistergov backslash agencies, backslash Drug Enforcement Administration, and if you click this little subscribe button right there, you want filed on public inspection, Not published, but filed on public inspection, because then it's like when it's coming up to be published, and so go ahead and share this in the live chat.
Speaker 1:What's that? No, so when the Schedule 3 rule is published, you'll get an email about it.
Speaker 2:Right, oh, like the final rule, not the commentary rule, the first one, not just the final rule.
Speaker 1:So, like you know, the one that you're going to have for public comment and whatnot, the interim rule, yes, that's what you'll get, and so I did not get an email last week. Hopeful we'll get an email this week and hopeful that Miggy and I'll get our license this week.
Speaker 2:That'd be pretty awesome. We got all our paperwork done. Is that over a week ago? Now might have been april 18th. Yeah, I mean, it feels like we're on the other end of it right now still, even though we're still like kind of like in the beginning of everything, right, like you know, tom and I were talking about, like when we talk about the social equity computer he does and all the things. As far as, like, if you want to get involved in the campus history and again I didn't, because there's so many states that are require you to pay out before you can even establish like what store or what grow or what are you going to be Right, like Texas, how is it that they make them have real estate and how many people have been paying out and holding out? You know, unless you live there.
Speaker 1:Right, unless you live there. There and this is like, yeah, your burn rate in Texas is and burn rate in Florida, and then that's before. It's a merit based application. The industry doesn't really do merit based applications anymore with these types of carry costs, unless the administration in power hates weed and doesn't want their program to work and is only open for the uber wealthy. You know, florida and texas are perfect examples of the failures of the merit-based application process that requires real estate arizona another one arizona's a lottery but with a deep pocket lottery.
Speaker 1:Yeah, the social equities were all deep pocketed.
Speaker 2:I mean they're asking for how much, like $30,000 or something, just to play, or you had to have a million in your?
Speaker 1:I'm not familiar. I didn't apply in the Arizona Social Equity Lottery. It was like I think it was 21 that they did that and so like I just was too early into the industry. So let's do a story out of Michigan, miggy. What's happening in Michigan?
Speaker 2:CRA announces Claire Peterson as director of Michigan's new cannabis reference laboratory. So that's cool. So they're hiring. Now they're part of the standardization of testing the product, so that's great. California is still the only state that has a uniform testing requirement throughout all labs. Right, I mean, she's going to be making sure everybody's uh, following their sops, right, and this is the. This is that sexy side of the business, like this is what really needs?
Speaker 1:I mean, like these types of testing, purity, standardizations. What is thc, what's not thc? Uh, what do you have to test for if that cannabis, whatever cannabinoid it is, is designed for human consumption? Those are the types of things that maybe that's why the schedule three rule is taking so long. Maybe they moved cannabis marijuana. Which is this? Marijuana is this big term. Like, it comprises vapes, it comprises hash, it comprises the, the, the flower itself, like all the products, are marijuana or hemp. That's it, and there's a bazillion products.
Speaker 2:Well as the plant-based. You know, back to the rescheduling or descheduling as a plant-based thing, there are a lot of components to think about when it comes to, like microbials. You know, as uh here in washington state, when it was a medical, that was a big issue like a lot of patients understood that this plant was, uh had a lot of things, metals, right. Who thinks about fucking metals in a plant when you're uh about to consume? You know, I I never thought about that, but there's so many things that like that's why you have a food department, right, or people who go to college for this kind of thing.
Speaker 1:Yeah, but this is a great this. This should be at a nationwide level, and that's what I really hope. Schedule three helps, because hemp is just by the USDA and the USDA is not the FDA. The FDA is more in the scheduling of the of the drugs, and so that's one of the reasons why I think it's taking longer, because they're making a bigger rule, but we'll find out. Here's what this new state cannabis reference lab is going to be able to do it's going to provide results. Support to enforcement investigations so recalls for a failed test. Why? Results to support mandated industry wide audit product procedure on an ongoing basis. So for audits to ensure compliance, optimize current standard methods and validate new methods. There you go. Qaqc I guess I'll call that one, yeah. Providing ongoing review of audit programs administered by third-party ISO accredited bodies there we go. Standardizations, oh yeah. And comprehensive laboratory proficiency testing programs to ensure licensed laboratory accuracy, precision and consistency.
Speaker 2:We're getting there. We're getting there. The cannabis you buy in Michigan is going to be the same as the cannabis you buy in Colorado. So you know we should show what we've been talking about this whole time.
Speaker 1:We should. I'm trying to find the name of that strain on the. Oh, there it is, let's hit it. Let's go ahead and name that strain on the. Oh, there it is, let's hit it. Let's go to name that strain T-H-C-C-T-H-C-C.
Speaker 2:This is a funny one, to name at least.
Speaker 1:Yes, but it's not cured, it's still pretty fresh, the hairs don't look mature either, but it's it's not cured, it's still, you know, pretty fresh. The uh, the hairs don't look mature either, but it's already quite purple, definitely has some uh purple in it. You think it's been chopped or you think it's uh oh, I wouldn't say it's been chopped. The leaves don't even have any discoloration, like you see at the end of the season, and then like, look at the, the pistils, they, they still look uh white, they don't look red. Oh yeah, so I could just and it doesn't look that frosty, not that purples get that frosty.
Speaker 2:I don't know People are going to get. This is a crazy ass name.
Speaker 1:Uh, yep, it's something else, it's notoriety. Notoriety by developing leaves which match ducks footprints. That is a good uh quote. It is a mix of a dew and a duck foot, and it's an indica sativa hybrid, big yielder, especially in outdoor greenhouses and outdoor operations cultivars. Cannabis, with phenols of this one becoming dark purple, which adds to the disguise and the uh, the different morphology of the leaves, and so I I still think it looks like weed, you know, even if there's three, like three points on the leaf as opposed to five, like oh yeah yeah, durations 100.
Speaker 2:I think this would be fun to like. You know, like now we were talking about, like lab studies. This is on somebody's game report. You're gonna have this weird ass name that you're gonna have to say, yeah, the uh blah, blah tested. That like an official, like grown-up is actually gonna have to save this word over a word, just like ak-47 or any other weird stuff.
Speaker 1:Yes, this cultivar is one of the odder ones, so this is probably Freak Show.
Speaker 2:I think the first part of it. We're getting a lot of ducks, but no in a row, Right.
Speaker 1:One of its parents has its first name in it the do and the duck's foot. I'm omitting the word before do, just duck foot?
Speaker 2:No, but it does have a duck in it.
Speaker 1:It definitely does, definitely does.
Speaker 2:I want you to give it that.
Speaker 1:There we go.
Speaker 2:Greenhouse.
Speaker 1:I mean, I really think that the dark purple is got such bag appeal, the name, I don't know about that. And then, like the all, the, the, the change in the more we got it, there we go. Jim Dees gets it.
Speaker 2:I had no clue how you do that. Frisian, frisian, frisian, frygian, frygianian. Duck, say it 10 times, see what happens.
Speaker 1:Frisian maybe that's prettier than 50 duck foot and frisian do. Thc is medium and uh, interesting pictures on that. You know like it does it. They see like that duck foot. It doesn't really look like a traditional leaf. Oh yeah, the leaf, yeah really purple, and so it, just like the whole presentation of the plant, is a little disorienting, like you'd be. Like, I think it is no way.
Speaker 2:Oh, it kind of smells like it like you come across it, like in the woods, like as a kid. You're walking through a park like is that weed?
Speaker 1:no, it really doesn't look like it. I mean this is pre-flower or like very early into flower, but that duck foot with the leaf and the morphology on the leaf just creates it's, you know, it's in disguise almost. And then that really I mean, once you see the buds, I mean they're really purple, there's that, but they look like buds.
Speaker 2:Yeah, no, friesians are pretty of beautiful horse, I guess, interesting. I have no idea. You know it's all about people's passions.
Speaker 1:Yeah, all about people's passions and to a certain extent it's about surreptitiousness, and so back in the day and then even today, like I wouldn't want my weed just growing in my backyard, some kid could come up and steal it, and so if it looked like that or like freak show or it's just a little bit more inconspicuous.
Speaker 2:So we got Pennsylvania lawmakers considered government-run weed dispensaries and the cannabis industry is not happy, which is kind of a conundrum. If you think about the, if you're going to have government-run weed stores, isn't that your industry? I?
Speaker 1:don't know.
Speaker 2:It's a weird layer. I don't understand what's going on, because here in washington state we had liquor state, uh liquor run uh state liquor stores and that's just all about the licensing. Again, it's all just uh who, because somebody's gonna get paid. There's always what's the whole point of all? You know the business right, you're gonna have employees, uh managers, uh you know, you just won't be an owner, but you know, and I think, some of the taxes goes back to the state. So are you looking at the story?
Speaker 1:no, I can't find it in the, in the, the outline, and so like I'm like, clicking through the outline, I'm like where's the pennsylvania story? I got, I got a michigan. Where's the Pennsylvania story? I got a Michigan story. I got the 420. I got the Florida story.
Speaker 2:Where's the Pennsylvania story? From the Pennsylvania Capital Star? A piece of dry flour or broccoli or beet. I'm trying to get to the point where it talks about the Pennsylvania. So the Pennsylvania House Health Subcommittee hearing Thursday, both Canadian and American public health experts praised Quebec's regulations. So they're trying to compare themselves and say, hey, we can get to that type of model, but Pennsylvania's a tough nugget. Didn't they have some stuff coming up legislation-wise for legalizers? Do you know?
Speaker 1:No, but that's what it is. You got to make that. You can make it an H1 like that's, that's what it is, you got to make that. And you make it an h1 like that or, and so like the h's go on the outline and so like yeah, it was a normal, it's like I just brought it out. Cool how you found it. Yeah, let's go to the hawaii gov. All right, hawaii news. We have some hawaii news where, uh, where I would see here, and then so in Hawaii, they're proposing a new open landscape to the medical cannabis, when their adult use legalization bill failed, and so instead they are going to try a opening of the program for medical to allow what uh see, uh, to allow 32 000 patients only 2.2 percent of the state's population of hawaii.
Speaker 1:Oh so they're trying to increase the patient market well, you know, patients going up mean sales go up. If there's only 32 000 patients, that's nothing. There's like 500 000 patients in oklahoma. You know, the patients going up mean sales go up. If there's only 32,000 patients, that's nothing, there's like 500,000 patients in Oklahoma.
Speaker 2:You know the unfortunate thing about uh cause I mean, cannabis, is marijuana, is medicine, right, I mean? And they're talking about increasing a patient. It almost also uh belittles the importance of cannabis as medicine. Because when you're now, you're just making a prescription. Your barrier to like not getting arrested, right like that was one of the things. When I got here Washington State, first thing I got was a prescription and that was the coolest like backstage pass to like all these markets and all these like stores and you're just like really we're just doing this. We're like I mean, does help, it helped my back and everything else, but it's like can we just allow Jimmy John to grow and be in business? I don't know.
Speaker 1:Well, they're kind of in on the details on this. You see Honolulu-based Spotlight Now a show of a possible solution. It was the governor, josh Green, providing a TV interview with Hawaii News Now program and we have some quotes from him. He's trying to make marijuana available for those choosing their lives and still keep kids safe and the governor hopes his compromises can be done without legislative action. So he's going to be using his executive authority in the administration to change the health department rules Federal emulating state law now to change how many patients could get access to the cannabis plant in Hawaii. Hawaii's regulated medical marijuana program requires registered patients to have one of several qualifying medical conditions. But if they open that up or remove the conditions like they have in Oklahoma, in theory maybe instead of 2% of the population you'd have 10% of the population and that would be like basically 150,000 people.
Speaker 2:I mean that definitely would spend the market, you know, and I wonder if they're going to do like a 21 and over, like you can only be 21 and over sick. I wonder if they're going to do a 21 and over you can only be 21 and over sick. Good luck boy again.
Speaker 1:Boy is right. I don't know about this next story, even though it is out of Markets Insider. It just sounds low to me. Landing in Florida's cannabis market, legal cannabis adult use could maybe do 874 million in 2025. I just find that too low, unless maybe they're only doing like half the year of sales if it becomes like effective, like on July 1st or something, simply because there's more dispensaries in Florida than there are in Illinois and there's like twice the people, and Illinois still did close to a billion in sales in its first year. So if you flip the switch in Florida and all those dispensaries are hybrids, I think they would be doing at least 1.6 billion or more. Do you think that might just be? Because, like you know, if that passes, it might not become effective in six months, so that just might be like half a year of sales estimates or something.
Speaker 2:But how much more do you think that market would increase when recreational kicks in? Because it's kind of like we just transitioned right when Hawaii is trying to increase their patient threshold to have a bigger market and business, whereas Florida, who has this huge, pretty much monopolized, only two or three big people behind it. But you're telling me that there's all these pot shops around which I couldn't imagine owning the only convenience stores in the state. But recreational how much more do you think they're going to increase?
Speaker 1:Oh, I think it would go quite a bit. I mean, we're talking about 878,000 patients that are registered in Florida right now. That is a lot, but it's not the 24 million. And then it's not the bazillion millions of tourists that visit Florida every single year. So there's so many tourists that go to Florida that its population, which is already large, is deceptively larger. And then the number of dispensaries there is already quite high. It's over like 1,200 or something like that, I believe, because there's a bazillion million Trulieve stores.
Speaker 1:Maybe it's not 1,200, but I'd have to look up more of Florida's markets. It's big, and I could see sales in the multi-billions, maybe all the way up to 4.5 billion in 2028. I don't know, though. It might not pass, it may not become the law, it's not polling enough.
Speaker 2:Yeah, why? Why isn't it polling enough? People want to be about the giving the finger to the man. What do you think is the pushback here on Floridians not wanting legal cannabis Because they already have their miniature rec market? I mean, you already have your one monopoly, why not just keep on going?
Speaker 1:It may have to do with how conservative Florida is. No, there's 622 open dispensaries in Florida, and so like. On a per capita basis, it's probably better than in Illinois, cause we only have about 200 in Illinois. Uh, 232 is how many are operational now? Damn it. Yeah, so there's like three times the number of dispensaries in Florida, which is still 632 is nothing Cause, like what, new Mexico is 650 and only 2 million people. Oklahoma is 2,400 and like 3.5?, maybe 4 million. It's not that large.
Speaker 2:I think old people would want to smoke weed. They all got their pills and cocaine. Here's weed. It'll help you out, maybe live a little longer, yep.
Speaker 1:It will. Well, you know, it is a limited market in many states, and more so in Illinois, in New Jersey. Let's kind of do one of those transitions. New Jersey is less restricted than Illinois. New Jersey has 296 dispensaries open. Illinois has only 232. And New Jersey has like 4 million million people less in it and it's very dense and so like there's a almost a dispenser in every street corner. Then I mean it's like nine million people and in a dot on the map when you look at it out on the jersey.
Speaker 1:Yeah, it's like nine yeah, well, when you go to state, from state to state, you look at the market and you're like then you go and you look at the market and you're like and then you go to the application and a New Jersey application is what we call a complete application. You just write it out and you take the regulations and you go, thank you, and you stick to the page limits and you write the regulations into the page limits and then you go here, you go and they go. Did you have to write this in crayon?
Speaker 2:I cited the rules they have. Are they open or is another like closed?
Speaker 1:you can apply. You can apply right now. The hardest part in new jersey is real estate and it's expensive, and so, like the two-thirds of the state, like how come two-thirds of new jersey is illegal and so that that makes the numbers of dispensaries in new jersey even more? Um, like suspect to believe. Yeah, because you're talking about 9 million people and then a dot, and then a third of that dot because that's the third of the counties and communities that have not opted out.
Speaker 1:You're right, but Illinois is going to be good once we get that open Canada. They aren't on this list.
Speaker 2:It's the story about the Canvas user stay motivated dot lazy storm, if debunked. So I guess this is studies on this list. It's a story about the Canvas user stay motivated Lazy stoner myth debunked. I guess this is studies coming from Canada, itself a recreational state or country. What's up, let me have to make sure. We've been doing tiling in my house, tiling Right after this. My house is from 1950s and we're taking off the old sticking tiles. Tiling at my house, tiling Right after this. Yeah, we got these. My house is like from 1950s and we're taking off the old sticking tiles.
Speaker 2:They're so thick and old it's gross. Doing some updates, all right, trying to get a little nicer, but three facts no impact and motivation. I mean, here we are every fucking Sunday, you know, in smoking it and surviving. You know, no one's died on our watch, I don't think. But number two emotional self-regulation effects. I mean this is kind of funny because I know some people have, like people, blame weed for their life issues.
Speaker 1:But like the other part is like Weird people blame other people for their life issues. Yeah, next level. Some people take responsibility people for their life issues. Next level. Some people take responsibility for life's issues and move on.
Speaker 2:Some people blame others and go look what you did and others blame inanimate objects.
Speaker 1:Like we, your fault.
Speaker 2:Yeah, but you know, with that being said, though, as we talk about it, it is a wellness thing. It's not just a, uh, a physical wellness thing, but also a mental health thing for some people. Right, it's not for everybody, you know. We don't say this, this the implant will give you magical powers. It just helps some people have a better day, and if your day is better, isn't that wellness? Isn't that like improvement to like having a shitty day?
Speaker 1:yeah, people also enjoy coffee. I would say that it is uh, somewhere between coffee and alcohol is cannabis yeah, yeah, yeah.
Speaker 2:And then the last one is no weed hangover, which is definitely a bonus when it comes to like, uh, the motivation of like the next day you're not going to be like. You know you drink too much. You're dragging ass the next day sometimes.
Speaker 1:Oh, you will uh, and for you young, your viewers watching at home, you cannot drink like you do now, uh, in your future and so like if you're in your 20s, good luck. You can have a good time out the next day and then be at the gym by seven in the morning. Uh, you get older in your 40s. That's actually. I've read stories or I've heard interviews. I think that's why John Mayer quit drinking, cause he just had a bad hangover once after going to like one of Drake's birthday parties and he's like I got a show. I just can't do this. I just I just can't.
Speaker 1:It's like if you had to perform like that in front of that many fucking people and you had a terrible hangover, you would hate yourself.
Speaker 2:How'd you feel? Last week you had a hangover. Last week we had at least 300.
Speaker 1:Yes, yes I had a hangover last week, but I just had to read the cannabis news and be like I don't know about that, Don't have a glass this week, right on, we've got some Cali news Cali news. The Cali news is a little sad right.
Speaker 2:Yeah, yeah, after a state audit, santa Barbara County will tweak cannabis licensing. So are they reducing? Is that what's going on? On the heels of a report from the state auditors, the county office announced some minor steps this month to strengthen impartiality in public safety in the cannabis permitting and licensing. The state released this report on the 28th. Other researchers all six counties consistently follow their own policies and grant cannabis permits. So I mean, are they going to try and increase things? I can't really understand how the importance of like I mean I this is the problem with like having a business like with the cannabis industry. Like if I was in santa barbara county right now, my butt would be like shit. Now I got a new thing. I gotta like be in, be in accordance with.
Speaker 1:You know, you gotta always have vigilance santa barbara county by itself has 2050 cannabis licenses in it. Holy shit, that's more than half of california. Businesses do not allow and so, like, even california is still about 50 illegal because it's political. So we could sit there and say like, hey, you're watching, you're voting for donald trump. First off, don't, but then second, um, you believe in the plant and freedom and so that's cool. Call your legislature and be like, hey, dude, what the fuck? Change these laws. I vote, I've been voting for you. Freedom Business. It's not as bad as alcohol, but it's politicized. I don't know why I'm calling on Republicans everywhere to depoliticize weed.
Speaker 2:Stop it, that's not going to happen, dude. I think a lot of it's just weed. I'll go for it. That's what I'm just saying.
Speaker 2:I know I, I think a lot of it's just me, I'll go for it. That's what I'm just saying. I don't know. I think, as it's every year, it's not just this year, it's not just these two morons, it's like every election year. It's always like vote the lesser of two evils.
Speaker 2:They both suck most of the time, but when it comes to how a better world, if you're making a certain amount of wage and there's certain things that can affect you, like right now, the Democratic Party is the best one to go with. Right, like if the Biden policy stuff keeps going because it can stop automatically anytime. Right, as soon as they take over, he puts somebody else in charge of this topic and they're like I don't like weed because there has been no Republican policy actually ever, really, that has come out. Even when they said they're going to do better healthcare, none of this shit's ever come through. We have a chance now, where there's been instruction to the DOJ and the FDA and all these other places. Hsa, potential real grown-ups are looking at the situation and go this is how we're going to do it, because no one's going to die once. We fucking make it Now. You know, if you want to be in business.
Speaker 1:But then like there's even like California is a perfect example of like the local gobbledygook ruining an in-state market which, of course, then just goes on to the interstate market. So like I really am looking forward to some type of Can you imagine each one of those 2,000 Santa Barbara County licenses had a federal license so they can engage in interstate commerce? Not only that, they were not subject to IRC 280E.
Speaker 2:Interstate commerce. There's going to be so many winners right now just coming out of California, because I think a lot of people in the Midwest are going to want California weed. They already do.
Speaker 1:They're already buying it. It's just that they aren't buying it legally. It's a store, yeah, so they're just letting that tax dollar go right out the door, that's too bad. I bet weed becomes like your alcohol and cigarettes aren't made in your state.
Speaker 2:Some are don't get me wrong, I just got back from Minnesota.
Speaker 1:Lovely place, nice people, Not the biggest fan of its weather especially. You know how cold I mean the next state is very cold as well. This is how you know you live in a very cold place. Every block, the buildings have skywalks. Every block like you just like walk across the street, like, and you look down the street and every building is connected to the other building by skywalk down the blocks, and so there'd be like five skywalks down the block on that street in minneapolis and you're like it has to be fucking frigid here.
Speaker 2:Wow, dude, colder hot, right like that's horrible. I mean, it's the it's the cold.
Speaker 1:It's the 20 below cold. The summer in Minnesota and Minneapolis is probably beautiful. Unfortunately, it's eight weeks long.
Speaker 1:North Dakota similar weather conditions, and that's the cannabis. Efforts for legalization have ramped up again. Cannabis activists in the state of north dakota trying to legalize it yet again. They made it onto the ballot in both 2018 and 22 came up short both times. 23 2018, measure uh three was shot down 59 to 41. And then in let's go to 22, measure two 45 of the vote that time, and so's see here Are they going to get another 4%. It'll be 49% of the vote this next time. The petition needed 15,582 signatures by July 8th to qualify. There we go.
Speaker 2:I hope they do Was it South Dakota? Then it was the one that the governor flipped the script right.
Speaker 1:North dakota just came close, south dakota is more conservative than south dakota, which is pretty hard to do. They're both pretty damn conservative, but so is oklahoma, and oklahoma's rejected adult use. Florida's conservative, it's kind of rejecting adult use, but but in Florida you have to get 60% of the vote and that's really difficult. I just think that there's a lot of old Republicans in Florida that don't want to vote for legalization. I think it's fine if it's medical, but they don't want everybody to do it. And then the smell it's like I'll bring the wrong people here, that stigma, that prejudice against it. I think that's more prevalent if you go to a Trump rally than if you go to a Biden rally.
Speaker 2:That's for sure. I mean it seems like the Dakotas are just places where people haven't gotten internet. You just don't know about other people in the world respecting each other like potential income revenues. I mean every place I've been to in America when I drove cross-country. I would love to smoke where I'm at. I love it. I'm a villain, I'm the bad guy just because I want to sit here.
Speaker 1:That's the bad man right there. Why aren't you selling weed in Illinois? Actually, no, no, we're not. Maybe one day Stay tuned we won't tell you where it is. We will always be complying with youtube's educational content guidelines and we should also back this stuff up and do like kind of what alex jones does, where he has his own broadcasting where he can say the crazier shit. We could like use youtube to direct them over there to watch us say crazier shit I mean we can't be another hour show.
Speaker 2:Right, we got Candace Banking Measure to be left after the FAA bill.
Speaker 1:What we need is this type of stuff we also need correspondence. We would have five correspondence stories and then we just have to do five stories and shoot the shit which is more important almost than the story sometimes. Then we would have correspondence which makes them feel good, like they're a part of it too.
Speaker 2:PCM's doing really good on that. I like how they got people in a lot of different states. I wish they had a bigger following, but the kids seem to always be the following. We're like two grumpy old men talking about following.
Speaker 1:That's right. The kids get the following. Right. We're like two grumpy old men talking about it. That's right. The kids get the following, because there's a lot more kids that have nothing else to do that are growing up on this shit. And then the older people they got work. They have to. They got chores. Didn't you mention something about doing some grout when you hang up the feed? Fucking A? There you go.
Speaker 2:This is my distraction.
Speaker 1:Do you, watching at home, have grouting projects to do after this show?
Speaker 2:fuck, no, they're gonna smoke a bowl, bro, keep me here so I make an excuse not to go back.
Speaker 1:All right, well, let's talk about the cannabis industry not flexing its muscle when it comes to federal law. This was, uh, published out of market watch just two days ago, on april 26th. Duchess brian barash said he's disappointed that safer banking will not be included in the FFAA, the FAA funding bill. Oh my gosh, paywall. Subscribe right now to get the rest of this story.
Speaker 1:Let's get that off the main screen We'll see if we have anything else about it in the show notes. Yes, we do See here. Barash said that they're disappointed. Expectations of a long delayed measure to open up the banking system has failed. So the Federal Aviation Administration is going to get funding, but they will not have the writer for the United States Cannabis Council's requested Safe Banking Act, the Secure and Fair Enforcement Regulation Banking Act, or SAFER, to help facilitate services for state legal cannabis companies because they need it. They need it.
Speaker 1:I mean like cash-only business, or like it's just ask because there's so much cash in it, there's so much all this credit card fraud that's going on. Everybody's like oh, I got a payment solution. No, you don't. Most of that stuff's illegal. And then, as far as I'm aware, all of it is like I like, please, if you have a payment solution that use things legal, email me at Tom at collateral basecom and I will explain to you from my experience as a bank lawyer why it's Now. The other weird shit that's about this one is that it shows that there's no muscle for this industry. None, no, 100%. Like we can't even get safe banking passed and so like that means that it's got to be more political than we're even laying it on, like the Republicans in power don't like weed, and then they don't want to give it a vote.
Speaker 2:I mean as much as we give shit to republicans because they deserve it. Um, because you know cucks, but like this is not. This is schumer though, isn't it? This needs to go through the senate, the one that schumer's go through. Both right, but it already has been through one, hasn't it? That's why no, uh it why does it have to do that every year?
Speaker 1:I think, I think, the, I think the House flipped over, and so now the Republicans are in charge, so nothing comes up.
Speaker 2:Oh, so then it has to be like a reset.
Speaker 1:Because when the Democrats were in charge and then it hit Mitch McConnell's Senate, they just kept passing the Moore Act and all the other things, and safe banking got passed, and then it would just hit this brick wall of the Senate. So now I don't think it's hitting either one, because your versions of the bill have been approved seven times by the House of Representatives, but the legislation has failed to come up For a vote in the Senate. It just keeps passing, but then it doesn't get the vote In the Senate. Is what they're saying.
Speaker 2:Yeah, isn't that Senate the one where my Schumer Should?
Speaker 1:be. But then I think, because of the way they've done that's too bad. That's not a link and so the way they've done the Senate, you can prevent votes from coming up unless you have 60 votes. If you have a 51 majority in the Senate, oh shit, you really needed 60 to get votes brought up. That's crazy. Holding in the Senate of shit. He really needed 60 to get votes brought up. That's crazy. Holding up the Senate because he had the ability, because they couldn't get 60 votes, to get it brought up.
Speaker 2:That's so crazy that you have that much power. The majority wants it, but yet still there's four assholes or five or eight that say you know what? We want to not have progress. We don't want to have nicer things.
Speaker 1:I mean, that's all you're telling me when you know certain bills, or you know, will be beneficial everybody there it is, but he's stepping down and so like it's uh, barash wasn't aware of any groundswell of opposition, but it wasn't clear of senate. Majority leader I'm sorry, minority leader mitch mcconnell, a kentucky, was on board with the later Stafford. There you go Old man stops safer banking and then they're attaching it to another bill. That's popular because it's like surely you're going to pass that Like it's a rider or something, and it's like I won't call up this bill unless you drop safe banking. But this one asks you.
Speaker 2:Why does it have to be a rider?
Speaker 1:Why couldn't it just be submitted by itself? Again, they're posturing, and so it's like slip it in here. He's going to vote for funding this, so just slip it in there. Let's see if you can get it. It's already passed in that other house. Let's see if we can get it passed in this one.
Speaker 2:That's so dumb.
Speaker 1:Because that means that it's bipartisan support. Then Because I that means that it's bipartisan support. I think the other house is predominantly Republican after the last election, but I don't follow it. I don't think most people like you and you at home. Who's got more right now in the House of Representatives? 435 is the denominator. I know that much.
Speaker 2:Well, there's real political people who follow that like Crooked Media. I like those guys. They follow that kind of shit. The imbalance still the way this whole legislation process. They got that Kansas story. You still want to dig into the federal side of things?
Speaker 1:Sure 17 Republicans, 212 Democrats, 6 vacancies. Should I go? 6 vacancies.
Speaker 2:And so I go again.
Speaker 1:Six vacancies and so. I guess, it's like these people all resigned.
Speaker 2:And somebody died.
Speaker 1:That doesn't break up the House, yeah, but like the resignations are most like this Democrat died and so, and then also Brian Higgins, a Democrat from New York, resigned, but everybody else was a Republican resignation.
Speaker 2:Wow, there's no sense. Right now they're partying, but that's a whole another show. I don't know, man, and again, doesn't that group it both together, though? Is that just the House or the Senate, or a combination of both?
Speaker 1:No, that was just the House, I think the Senate's 50-50, with Kamala being the tie-breaking vote Got you.
Speaker 2:Yeah, you're right. Yeah, you are good Kansas.
Speaker 1:Hey, since we're talking about Kansas, let's take a small break to say we're talking about you, kansas. You've made cannabis legalization news. You're pretty special. And now, with a truly Kansas story, republican members of the Senate in Kansas crushed with a boot heel Friday an attempt to breathe life into legislation to create the state regulatory framework for cultivation, distribution and use of medical cannabis. Not in Kansas.
Speaker 2:Kansas. They've been having a long fight.
Speaker 1:It's a very conservative Republican state, and so it's one of those. It's one of those.
Speaker 2:And again. Why, though? What is your boomer ancient Republican, conservative argument?
Speaker 1:This is why I want Schedule 3. Because then I'm going to go on well. Well, me and several other lawyers that I'll work with will go on a nice little rampage suing states to require, like now, how? I mean? You're telling me we have a sketch. I am a federally licensed schedule three purveyor uh, or retailer of cannabis. You're telling me I can't buy that sonoma and weed out there bullshit. So there's that lawsuit. And then there's I am a medical patient from Oklahoma who's now residing in Kansas. You're telling me I can't access my federally recognized medical substance bullshit. And so there's a lot of lawsuits to help even the playing field coming. This is why I don't like hemp and TH thca hemp, because it just bypasses all of the legalization that we need to do and it's just quick buck, I mean, and so I have a video from that I recorded.
Speaker 1:The members get it right now if you are watching and you want to be a member and see my new video on it. Everybody also get it on tuesday.
Speaker 2:It's pretty funny no, it's always educational too well, um damn, it lost my track just thinking about legislation, fucking rulemaking and, uh, real sexy shit of legalizing well, it's just uh, it's so convoluted, whereas we got all this money in play right like this med men story.
Speaker 2:You know how they started. Everybody remember the beginning 1.7 billion dollars and they were valued at getting like just peak. You know making their little youtube videos and we're part of everybody's uh, whatever, you know just branding. It was almost like a dan bilzerian book type branding right, where you just put his name on everything and you know like it's terrible.
Speaker 1:Yeah, they, they completely overpaid for real estate. The number one cardinal rule that you don't do is overpay for real estate because it's one of the heaviest. It's one of the heaviest expenses. So if you go over your P&Ls and you should, and so that's one of the nice things that we have slow it down on the team over a collateral basis. So we get to make a model and then we'll update it on a quarterly basis to determine our share price. And that's the kind of service that I want to provide for our other clients that win on a contingency fee is management fee services like that, where we help you get the cash flow and the distributions.
Speaker 2:Well, they did not start that. You know as soon as we get our first door open. You know that's going to be. You know I told you about that show, hi Whatever, on Hulu.
Speaker 1:Yeah, it was kind of sad because like the guy just woke up and like smoked a shitload of weed and I turned it off because, like you know, it's not family friendly. And then you know I got the four-year-olds like hey, where's Scooby-Doo? And then the 10-year-olds likeooby-doo, and then the 10 year old's like scooby-doo, come on, and so, and then I'm like all right, well, I'll watch this dispensary store later. But like it just looked like he woke up and started smoking weed to me immediately and I'm like, so he owns this part yeah, no, not that guy.
Speaker 2:So the way the series, the series starts, I uh, because that goofball. In the beginning I was like, is this real? Like it's just a real, like I couldn, I didn't know what it was going to be. I thought it was going to be like a comedy, not a docuseries, because they cover like the store, right, and you know, here we're talking about MedMen and then also High Times. You know they pulled out of California the store themselves, right.
Speaker 1:So there's people who are getting in this business who just have shitty business models, right, and then or they yeah, they made a cool looking brand, yeah, and then they got some other bras money and then they blew it a lot yeah, yeah, and there's ways to do this which I hope you know we can help show as we we expand on our own personal journey.
Speaker 2:I'll tell you where we're not going to end up personal journey.
Speaker 1:I'll tell you where we're not going to end up. It's the same place MedBend did. We will not end up in a Canadian bankruptcy. We will not have a petition that we file in a Canadian bankruptcy court in Toronto, and the reason why they had to file this in Canada is because it's still a Schedule I substance. In America you can't file for bankruptcy. Our dispensary can't go bankrupt, at least not in America. Not in America.
Speaker 2:Are there funders? Is that in Canada too, though?
Speaker 1:They're creditors.
Speaker 2:Yeah. Your creditors can file a claim there If they're going to file bankruptcy there. That's their protections and all that shit. But again, that's just more sexy business shit that we can talk about later.
Speaker 1:Yes, that's why people tune in. It's not just about the news, it's also about Sometimes I have stuff up on the news. Hey, there we are. Amendment narrow scope of California bill to remove marijuana employment protections for law enforcement. Why not About time? Hurry up, do it Revised a measure that advanced out of committee on a three-one vote to remove certain protections only for sworn law enforcement positions that involve certain specified duties. So you're going to be able to use cannabis, a legal substance, as a legal employee of the California state, where it's also legal, unless you have specified duties.
Speaker 2:Well, these guys still don't have protections with CBD, right? Like some people can still test hot and then have to prove and are in present litigation or fighting for the jobs back or whatever the case is. And I think this goes back to de-scheduling or re-scheduling, right, when you talk about like an infrastructure where the hemp bill gave us everybody CBD, but, or T8, delta 9, all the other shit that's happened, like that young couple that got harassed in Virginia I think it was smoking hemp right, there's still this gray area.
Speaker 1:You can't smoke hemp. When hemp's on fire, it's marijuana. That's how it works, you know. Yeah, but then why were they able to sell it? And then why was it a pre-roll? And so it's like you are selling something that, if you use as it's intended, means it's illegal. But then I'm looking at an ad for straight gas organic THCA products right now. Non-discrimination protections only for five categories of sworn law enforcement employees those involved in the apprehension, incarceration or correction of criminal offenders, those who handle civil enforcement matters, workers involved in gathering evidence and processing, and those providing coroner functions. So if you are involved in any of those aspects of law enforcement, you cannot use weed, because when you are gathering evidence and processing that evidence, you cannot use weed. If you are trying to determine the cause of someone's death, you cannot use weed. You cannot use weed If you are going to apprehend, incarcerate or correct criminal offenders. So, like anybody who has the authority to arrest somebody, they're like oh, please Right.
Speaker 2:Yeah.
Speaker 1:Right.
Speaker 2:Well, who do they? Didn't you say a coroner went to in there, a coroner, yeah. So, like I mean, what do they envision? Let's just do a circle-shaped cut, it'll be fine. How are they picturing people doing their jobs, if they let them?
Speaker 1:It's the coroner there with a vodka martini when he's doing his job. I don't mind, he's not allowed to do it on duty. If you're at work at the corrections center, you shouldn't be smoking a joint. You're a prison guard right now. Why don't you wait until you clock out? It's non-discrimination protections only for five categories.
Speaker 2:Interesting. Yeah, I mean, why not just blanket it? That's crazy, but that's it. I think that was the last story, that's it.
Speaker 1:We have done it. We have reported on cannabis legalization news Once again. I'm sure we missed something and if we did, you leave it in the comments for us. Don't forget. You know we have what what's coming in. Forget I, you know we have what what's coming in. There's there's a new video coming on tuesday. Check out the new video coming on tuesday and then tune in next week. Maybe miggy and I'll have a license.
Speaker 2:We'll show it to you we'll see that'd be fun, or maybe they'll reschedule it.
Speaker 1:Or reschedule it yeah don't forget, I shared that with you guys. You can get the email. Maybe you'll get the email next week and then, if you're in one of those states where you can legalize it, call your republican uh members that you know, especially if your constituency is republican, so, like if your rep has an r after his or her name, call them and tell them they know hey, uh, I voted for you.
Speaker 2:You need to support these bills, yeah, and vote them out. They don't.
Speaker 1:Yeah, well, do that.