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Cannabis Legalization News Podcast
Kamala Harris' Stance on Marijuana: What You Need to Know | Cannabis Legalization News
Cannabis Legalization News: Kamala Harris, Rescheduling, and Industry Insights
In this episode of the cannabis legalization news podcast, the hosts discuss the implications of Kamala Harris' presidential bid on cannabis legalization, delve into international and national cannabis news, and analyze the impacts of potential rescheduling of marijuana on the industry. They also touch upon the complexities of the cannabis business, social equity contributions, and the evolving regulations across states. The episode includes segments on rescheduling marijuana, the booming hemp market, and the potential changes in federal cannabis laws. The hosts share their experiences and insights about the cannabis industry, including the challenges and opportunities in opening a cannabis business.
00:00 Welcome to the Show
00:21 Kamala Harris and Cannabis Legalization
00:38 Cannabis Legalization Across the States
02:08 Challenges in the Cannabis Industry
05:28 The Path to Legalization
10:01 Social Equity in Cannabis
11:10 The Business of Cannabis
16:30 Legacy and Modern Cannabis
17:58 Cannabis Rescheduling and Job Creation
22:37 Democratic Party and Cannabis Policy
23:58 Congress and Cannabis Regulation
24:33 Challenges Faced by Marijuana Companies
25:24 Political Commentary and Criticism
26:08 Gun Rights and Cannabis
26:30 Legalization and Regulation Issues
27:19 NRA and Gun Advocacy
36:39 International Cannabis Consumption
40:23 Ohio's Legalization Journey
43:34 Future of Cannabis Business
47:15 Upcoming Events and Conclusion
Tom Howard and Miggy 420 discuss this story and other hot stories of the week on Cannabis Legalization News.
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Kamala Harris, Marijuana Legalization, Cannabis News, U.S. Politics, Biden Administration, Cannabis Policy, Legalization News, Marijuana Laws, Cannabis Legalization News, Political News
Hey, you're tuned in to the number one cannabis legalization news source on YouTube or wherever you download your podcasts. We have a brand new episode and are live. Thank you so much for joining us, especially our members. Our members will be in the credits to be under the show, so if you want to join, you'll see your name in print. We got some big news. We're going to talk about this new presidential race that has. July was like the most marathon month ever in the history of presidential politics. So what does Kamala Harris mean for the cannabis legalization? We're going to dive into that. That's our lead story. We also have news from all over the country and some international. Don't forget, we're going to be playing Name that Strain in a minute, and our sponsor, collateral Base actually actually our other sponsor, my law firm has a new website that has been launched. So let's get on, miggy, and dive into our lead story about the Democratic candidate for president and where she stands on weed Nice. What's up, dude? How was your?
Speaker 2:vacation. It was good, and I hope you had a good one too.
Speaker 1:Nice. What's up, dude? How was your vacation?
Speaker 2:It was good and I hope you had a good one too, and thanks for joining us all. So far, 100 people, whatever you know, we really do try to like contribute to society by giving you some good information, and this is going to be a fun talk, it is.
Speaker 1:And again, kamala Harris is now the nominee that happened Monday and the POTUS, the V-POTUS, the POTUS, the vice president of the United States, but anyway she has the middle name of Debbie. That would be also historic. That's a historic candidate right there. Uh, donald trump's no longer a historic candidate, mostly because of this reason. Grover cleveland is why donald trump is not historic.
Speaker 2:Grover cleveland once spanked a child on two non-consecutive occasions he's historic, in a sense he's the oldest candidate, but you know the uh. You know if people want to like raise a hoop brother because she was a cop, like she was the law enforcement, like she she prosecuted people but like that was her job, like you know, like that sucks and and she's changed her ways and have done a lot of things yeah, but that's true.
Speaker 1:Like she, that's the thing. Like everybody gives her the business. And now it's what they said there in the the Forbes magazine. They were reporting about it. She was a prosecutor in San Francisco. So if you're a prosecutor in the Bay, how quick do you stop prosecuting weed?
Speaker 2:Well, I just think it's funny that they don't, or whoever looks at Trump as a favorable candidate, and they see this guy who's like whatever the champion is, but yet they look over his like like dude, legit pedophile, sexual assault bad shit, you know. And it wasn't hidden. It was like open in the 80s and 90s. Like this guy's lived long enough that people like, ah, he's the new orange messiah or whatever. But you know her, her policy. I really, you know the democrats have shown that they have fucking things happen with them. Like this is, you know, we've had last year, right there, the last administration. The reason why he lost, right, a potato could have won against him, right, everybody was like, oh, fucking, bite it and get out, whatever, whatever. But he's trying to disenfranchise a bunch of votes, right, disenfranchise a bunch of Americans and other. You know your fellow people, like people who voted for Biden was more than people who voted for Trump period. Like that's just.
Speaker 1:And they didn't want to disregard it.
Speaker 2:Those were just the numbers.
Speaker 1:That's it, man. And then, uh, yeah, I'm sorry about messing up your world. There will, but uh, you know I figured that was an interesting little if this is true, but again, you're watching this on the internet, so it may or may not be true. 1956 convictions for marijuana and felony marijuana offenses from 2004 until 2010. When harris led the office, I believe she was the da, the district attorney of whatever county um the bay is. She was. Well, she wasn't, she was. She was chief law enforcement.
Speaker 1:Like cops would be like oh shit, that's because, like cops, lawyers and so right, right, right right and so like uh, but the number of people that were sent to prison was actually 45, so it's, it's one of those types of things where, yeah, she was the prosecutor, but she, more than biden, has come out during the past four years saying like we need to legalize cannabis and that's what we'll like. Schedule 3 is important, like the reason why hemp was able to do what it did was because it was not about getting you high, despite what some lawyers may be telling you, because they want you to pay them. It was about industry, it was about CBD, and so it was about paper, clothes, materials and you know, balm you can rub on your knee.
Speaker 2:Well, even getting high is, I think, considered wellness right. They opened a wellness can of worms and they were like, oh shit, thc is part of it.
Speaker 1:Right, but it's the psychoactivity aspect of it. You have to remember. 60% of this country don have to remember 60% of this country don't drink, 60% of this country don't drink.
Speaker 1:And you want to go from like not just drinking but smoking weed? Oh hell, no. But then there's a lot of support, 90% of those people, those teetotalers. Because you know like, if we're talking about 90% of the general population that support medical cannabis, because you know like, if we're talking about 90% of the general population that support medical cannabis, that means that out of that 90%, you know, probably 50-ish percent of them don't drink and so you've given them. But then the stigma is real. I mean, and the stigma is like super real in the sense that there's City Hall right there in Peoria. I am doing my damnedest to try to get something zoned, but then we come up against these guys that Will gave us this wonderful Puerto Rican saying If only I could just melt it out in Spanish really quickly and not tell you what it means.
Speaker 2:Legalization. You're right as far as putting the greed. You go from zero to greed, real quick legalization. You're right as far as putting the greed your eyes.
Speaker 1:You go from zero to greed real quick. I don't want to do one, I want to do five. I got some of those guys that are just cock blocking our dispensary. Yeah, this happens a lot in Canvas.
Speaker 2:Hopefully I got zoned.
Speaker 1:We're just trying to open up one, because then you've got one in canvas and you're still out of money and hopefully I got zoned. But um, and so like we're just trying to open up one, yeah, because then you've got one, why do you try to go from zero to five? You?
Speaker 2:ain't got no money the path to path to actual like, like, like, like getting the store that we're doing. Now we have a license. Legalization is not what I thought it was going to be when, just like, selling weed is not like what I thought it was going to be when I was 18. I thought, oh, I could grow. I had dreams of maybe being a grower Because I love the plant so much. I wanted to be a grower, but really I don't have a green thumb now especially. But I could run a business. We can open a store. We're going to find our niche. Well, you have a niche. You've been doing the lawyer thing for years, running a business is hard.
Speaker 1:The thing is, you're not going to run a business. You're going to run a business for that quarter and the business will continue to change on you.
Speaker 2:And so if you just think you're running a business, you will be broke.
Speaker 2:No, no, but I think with a pot shop it's going to be. You know, we are going to be having a commerce, a physical thing that we're selling and focused on and we're going to create relationships with that, because the way the industry is, it's so isolated, right, like we have to do only Illinois growers, we have to do Illinois, like wherever the weed we buy came from a warehouse somewhere in Illinois you know, I'm not getting it fromisconsin or opposed to the hemp thing right, like that's where they've been shipping this across state lines. But either way, with the hemp thing it's still not protections. Right, with the hemp bill did not make it illegal, uh, whether you be in the business side or whether you be a consumer. Right, just like where those folks that were messed with in South Carolina at the bus stop or whatever. So the path to legalization really is like de-scheduling it, like you were saying before, where there are rules that you can abide by and say we meet the banking codes and the other semantical, the tax codes and shit.
Speaker 1:Congress is worthless and so, like I, support open primaries. If we want congress to do its job, we have to have open primaries, because if we have uh closed party primaries we get captain cuckoo bananas that's in charge because you gerrymandered the fuck out of the goddamn maps and then the only person who was crazy enough to appeal to like the 3% of people nuts enough for that particular party to vote in the primary is the one who goes to Washington. And then they Marjorie Taylor, green, the whole thing, or AOC, the whole thing. Not trying to pick on any particular party, I'm just saying isn't it interesting that both of them have nutbags and then nobody wants to work together? I remember tip o'neill sitting down with uh president reagan and like he's from the democratic party and is in charge of the house of representatives, he's the president and doesn't believe in anything that guy does, and they're having dinner and they're friends and like they don't do that no more well then.
Speaker 2:Well, there's a lot of rules, right, when they talk on the floor like there's a whole, like the quorum, how things should be, which haven't been in play for a long time. But you know, congress is not going to create the descheduling that we all want, right, we all want descheduling, we all want legal weed free for everybody, fairness and all that bullshit, but only way we're going to get there is with descheduling. You know, uh, you want. What do you want to talk about next?
Speaker 1:because, uh, we had that one let's do that, let's do the the hemp story, because that that did accrue while we were on vacation. But uh, the other thing that about that is you need a system to tax, and so that's why I think they're going to do schedule three. And then also, my bitch with congress was if you want to get it out of schedule three through five, if you want to get it descheduled, congress needs to pass a law. Congress doesn't know what they're doing, and so if you get it down to schedule three, you fix the hemp issue. Everything's plays by the same rules. It's all standardized botanical marijuana, and then, hopefully, we replace the word marijuana with cannabis, and then you would have your synthetics, which most of the hemp industry is.
Speaker 2:It's synthetic or it's just weed, saying it's thca flower well, we've been talking about this for years, though where, uh you know if, if you were to go back in time time, time when we first started and I had less gray hair and Tom had less hair on the top of his head, I had more hair we were talking about how yeah?
Speaker 1:Well, actually it was shorter. There was probably more of it.
Speaker 2:You were a proper lawyer back then. Now you're a cannabis lawyer.
Speaker 1:Now I'm more of an entrepreneur and a consultant, and so I can go back to building by the hour and I still do but I typically do it for very discreet clients that also have particularly interesting problems, and I like litigation. Litigation is fun.
Speaker 2:Well, you're trying to litigate, like the book you wrote years ago under the pen name home, where to get real legalization where you can just go to a store, like here in the state of Washington. I just go to any store, show my license for an entry no scanning, no, nothing, no requirement like that and I walk out. It's all cash related too, so there's no real diversion here. But for real realization we need deschedule to happen so these pathways can open up like that. That is going to be the eventual social equity. Uh, it is like this whole federally regulated. Everybody can get a chance to be a part of the, the whatever, whatever side of the industry.
Speaker 1:It is right like there's no such thing as that. Like this again, uh, we could go to this story. I say we push the the story. I did a video on it if you want to hear about it. It's about four and five cannabis businesses wanting intoxicating hemp regulated. I did my last, my last, you know little uh, youtube that I do like through the the window here, and I'll be doing another one about something that came out last week that I think is really really interesting. Um, you know, instead of doing doing that, we should just really talk about how gambling Gambling used to be a thing. People would run the numbers, they would have things by running the numbers I can't remember it was a policy game, is what they used to call it in the inner city and then you would have bookies that are running numbers as well. Then Vegas happened, and then somebody got a license and then gambling became legalized and all the legacy gamblers got fucked.
Speaker 2:Right, right, right. Why the hell?
Speaker 1:do you think you hemp farmers got a chance? Well, what's going to happen to the legacy players? Got a chance, like you have? This thing that's, but then gambling. It was easier, I guess, at the state level, because it must not have been at the federal level just yet, or or whatever. But um, you have the feds that are now going to start getting involved and they're going to figure out how to get their little tax dollars and take it out of you and then figure out how to quantize all that stuff. So it's all standardized to say that it's Schedule 3 until it's dropped off the schedule, and then it's just its own thing. And so that's why I'm not worried about Big Pharma and botanical cannabis. I'm not worried about Big Pharma and botanical cannabis. I am not worried about Big Pharma and botanical cannabis.
Speaker 2:A lot of people are there, should be. There's going to be a fair Hemp cannabis needs to merge to one big baby and they're going to make the.
Speaker 1:I'm not making the shit I would use to make. This is not the shit I would grind up and put in this.
Speaker 2:Them's facts. It's almost that time. I hope everybody's got a little pipey, quite pretty.
Speaker 1:I hope you do.
Speaker 2:It is.
Speaker 1:But Schedule 3 is going to be a huge boom. Like you don't even know, it's 20 past the hour in New York, which means All hell to the magical number. Oh, you mean 42?.
Speaker 2:Yes.
Speaker 1:Right on, bro. Thank, oh, you mean 42?
Speaker 2:Yes, right on, bro. Thank you, clary.
Speaker 1:Hey, don't forget about that. I want to share this, though, and then, oh, it's not on. Okay, now I have to share this tab. There we go, and so this right here. If you visit us over at CannabisIndustryLawyercom because you want me to help you with your cannabis dreams or your deal, or beat some guy up in court, want a license or need legal help, this is our little collateral base. It's got a piece on my Cannabis Industry Lawyer website because it is Do you need a consultant or do you need a lawyer? And that's why we have this little type form right there, but we add the refresh.
Speaker 1:The brand refresh has been completed, and so, uh, now we have more of our logo that we have from there and then more of a green uh motif, as opposed to the purples that we had earlier. And, of course, we have the channel right there. If you need anything, fill out this little type form or click the get in touch button and then that will bring up a pop-up which looks like we need to empty the cash on.
Speaker 2:And you're really looking for social equity. People right, People who've been arrested, perhaps ex-military?
Speaker 1:You have to run a business, and so social equity never pays.
Speaker 2:Oh, good point.
Speaker 1:That's the secret of social equity. Do you have any idea how many tens of thousands of dollars social equity has not paid? Or that to get them to pay I had to sue them and say just give me your license. And then they eventually got money from the state to pay me.
Speaker 2:It's not even an easy process. So that's the problem. We're going through it right. We went through a social equity, and if I said this was going to be my day job right away, I would be hungry already. No, you'd be broke.
Speaker 1:Well, exactly why. That's exactly why we, and then again, like Will, wants us to go to the public comment period of closing. But first, you know, there is something new cooking up in the books, and so help us out with that one. There Will moving around and so we have a patent now. Well, it's not. It's patent pending and it is a method for valuing the social equity capital contribution, because I think that we need to create a new definitional called the social equity capital contribution. There's its definition. We're going to make some letters and some content and try to direct it at Canra to convince them that this is the way to prevent fraud and failure to launch in social equity cannabis. You don't bring nothing to the table, miggy. You helped, you were the door opener. There is no license without your ass. That ain't worth nothing. Oh, sweat equity? Nope, it ain't sweat equity. That is social equity. And how do we value that social equity? And if there's cause, like you, know how much money the state of Illinois will give us in?
Speaker 2:probably about 18 months, maybe 240 000 did they already issue those ones that they said they were going to do the first time?
Speaker 2:yes, but those were issued you like, right a year later, 18 months, 18 months, yeah right, and so, like ours, we do not have a chance to apply for that until spring or summer of 2025 yeah well, I mean again, they took a year to get the license, so this is not a fast process for chance to apply for that until spring or summer of 2025. Yeah Well, I mean again, they took a year to get the license, so this is not a fast process for anybody. I mean, unless you already have deep pockets, you're not going to be rolling in money within months, within years, years, years, until I can get it fat. But hey, we got a contribution. Thank you, gabriel Stole a pack for five bucks and he wants to know do you think Hawaii will ever go recreational?
Speaker 1:I really don't follow the policy out there, do you? Oh no, we got some guys in Hawaii. There's Aaron, it's over in Seaman. He's a member of the show.
Speaker 2:Yeah, we got Aaron here.
Speaker 1:And so he kind of lets us know what's going on. Hopefully we get to do some work in Hawaii for medical licenses. Maybe they'll take a page out of Kentucky. But yeah, and so the social equity typically does not show up until adult use. Medical very often does not have social equity. But let's move on to the next. Wait, go ahead. I don't mean to cut you off, I'm just going to oh, you're good, I just think you.
Speaker 2:Hawaii has always been a dream of mine growing up, and uh, as legalization, as a half polynesian. But uh, I gotta you know, here we go. Uh, this is an issue of social security, right? So, and I get it, jimmy x, right? No offense, I get it, I'm not from illinois, I'm american, right? This is the whole part of the whole thing. The? Uh, what's, what do you call the? There you go, you know what. This is not fucking fair. None of this structure is fair, but rescheduling.
Speaker 1:It's not fair, god damn it.
Speaker 2:Yeah, but you know fair, I can open a restaurant and eat on the steak 1438 as a gay limp and you would have been murdered like and then burned to the stake as a heretic. Or be a circus freak.
Speaker 1:Well no, you'd be a circus freak for maybe a minute and a half, and then you would have caught cholera or the plague. And so you get to be born in America, a which is just like oh man, I am so grateful. If you ever feel bad, you should just be grateful that you live in America. I like that.
Speaker 2:You know this points out, like how we talk, there's going to be a green rush, right, like how many waves have we seen of this green rush since we've been advocating for this plant In the various states, in various different waves? But here's the thing man Market plateaus. That's what's going to happen. Is there going to be? We've got a washout. It's called a washout.
Speaker 1:And so you've seen the washout in Oklahoma. New Mexico's got a washout coming for next year, michigan's got their washout going on, maine's had one. Massachusetts, california washout was hard, so it was Colorado's, and then there's going to be a lot of the mother of all washouts Canada, lots of distressed assets, because this is how business people tell about it, when they don't want to say they fucked up, we got over leveraged.
Speaker 2:We got over leveraged. You know what misses though out in this. I mean, that's business talk when you're talking about we fucked up, we got no money, but what misses out on a lot of this business side of things is the activists that were medical, uh, people who people yeah, that's part of the problem, right, there was never, nor was there even an avenue what's activists?
Speaker 1:why they just activists are shit at business. And so, like dr bronner, all right, you guys ever heard of dr bronner soap and some hippies tuning in? Probably have. And and hey, shout out Bronner soap and hippies tuning in Probably have. And hey, shout out to all the hippies that are tuning in. By the way, we love you. I wish that I was like hanging out with the wooks over in deer Creek right now Having a great time. It's Sunday show. Don't miss it. Tom is efficient. I'm sorry, but I I was talking about how activists suck at business. And so Dr Bronner, who made the soap he was Heilbronner and he was a Jew from Bavaria who left before Hitler closed the door and then took all the money came from a fancy soap-making family, was nuts. His kids way less nuts saw the hippies like this whole nuts thing with the soap.
Speaker 1:that's natural and uh, dr bronner's really started as a business in the second generation, which is hilarious. So, like an activist, can't have a business owning kid. Here's the other thing that he did. He ignored his children, what he left them in orphanages and just went on street corners and preached about his. If you go, buy a Dr Bronner soap, all that crap, he was nuts. That's why the health issue Words yes. His idea to get that message out was to put it on the soap can and mail it out.
Speaker 2:You heard?
Speaker 1:it here at Cannabis Legalization News. That's why you will be smashing the like button and clicking subscribe. And don't forget to become a member if you want to put your name in the credits.
Speaker 2:Where's the Mata Green Festival?
Speaker 1:Mata Green is in Delaware. It's like you know. I hear Biden's going to have a tent.
Speaker 2:We're going to know.
Speaker 1:Let's do the marijuana rescheduling would create over 50,000 new jobs. That's pretty dope Jobs. Friday was not the best. Last Friday it caused the stock market to go like oh.
Speaker 2:Was that the?
Speaker 1:jobs report. Yes, it's the jobs report. It's the first Friday of the month, you have the jobs report and little artsy businesses in your community like to have it open Friday.
Speaker 2:Was it bad or good? I don't even know.
Speaker 1:It was good enough to lower interest rates next week. So September we're probably going to see an interest rate reduction.
Speaker 2:Interesting. But that's how money just meant it. But yeah, if it's going to be new jobs, I mean. This is a no-brainer here in Washington State, one of the props I give to the law, because people don't like DUI portions of the law. None of these fucking laws are going to be correct, right?
Speaker 1:None of it's all isolated 60% of America does not drink, and so, if they're going to say yes to this, they want the DUI protection, because if you are scared so much of life that you don't even have enough glass of alcohol, you are terrified that somebody on the road does. You are terrified that somebody on the road does, and so like there's a lot of. Americans that are just terrified, evidently, of their lives, so much so they can't lose control.
Speaker 2:Otherwise they would be bad. Well, this would give a chance for people to be consumers of cannabis and have like safe jobs too right Like this is another aspect of legalization that you know your job's not safe, no matter who you are right, because THC sets your fat cells. We still have this question of like what is toxicity, like what intoxicated part, like what is too much.
Speaker 1:LD50. You have a lethal dose LD that kills 50% of the subjects. The LD50 of cannabis is 11 T billion. Let me just Google this really quickly. What is the LD50 of cannabis? Oh, good, good, good. And now this let me share this tab. Okay, share my tab, will, and zoom in on this so that we can go into it. Because the LD50, or median lethal dose of cannabis, is to be at least 18,000 milligram Coke, let's say, because 1,000 milligram in a can of Coke, which would be one gram, and 12 ounces. Because America hates the metric system, I'll have to do the math for you, but that would still be compliant hemp under some people's definition of the current farm bill's definition of hemp. So you could drink one gram of that. Then you would have to drink an additional 18,000 of those 12 ounce cans, which I don't think I've drank 18,000 beers in my life.
Speaker 2:That's roughly 40 pounds. I'm saying that's what that number is Roughly 40 pounds. And is that like coming at you really really hard, Like in a bell?
Speaker 1:I don't know. I don't know. That is an AI-generated thing from Gemini, so it could be a hallucination. I should have dug harder into the Google search. I don't really blame Google for telling us that.
Speaker 2:Let's just go with it as back. I mean, who fucking cares? No one fucking cares about the truth most of the time.
Speaker 1:The truth they care about, the one they feel.
Speaker 2:Hey, just keep in mind to all our viewers and people who are going through looking for a job no one can prove whether or not you were a district manager for Toys R Us or Radio Shack.
Speaker 1:We're on a circuit city until 2009. Just don't tell when you left, if it's after they filed for bankruptcy.
Speaker 2:Right, look it up, just get a little tidbit. We got, oh, oh, we got the industry half past the hour.
Speaker 1:So let's uh, let's uh play a little game with the 284 souls tuning in. Hey, you should all tag a friend, because we're about to look at some weed and see what strain it is. Yes, please, t-h-c-c-c.
Speaker 2:T-H-C-C-C. That's a pretty note, now that it is half past the hour.
Speaker 1:The best part is the sensors. Oh wait, shit, their aspect ratio, which is not the correct term. Their context window might be long enough to now watch 30 minutes of streamed video. I think it's fine, Go ahead, we do a we.
Speaker 2:It doesn't fucking matter. We can just stand here and stare at a nug for fucking half an hour and still get plugged.
Speaker 1:If you start early enough, yes, but then the rule of thumb and I need to look into this nine minutes. The rule of thumb I need to look into this nine minutes after nine you can basically do whatever you want, unless somebody reports you. And shit man, If you're, if you're tuning in half an hour into the show, you're not reporting us. You may be a agent, but you're not reporting us. You're like surveilling. And remember don't break state law. And one federal law needs to change. So publish that new rule.
Speaker 2:This is an old school bud with a lineage lost to time. The strain supposedly acquired its name for the size of its colas Interesting.
Speaker 1:Size of its colas. No, it's not donkey dicks. The chunky flowers express a sweet and sour aroma that is reminiscent of candy and citrus does it save the kush or what kind of a?
Speaker 1:well, when you have the candy, citrus and subtle spiciness, I always kind of think of a super sour diesel. But I don't know if it's a super sour diesel. It doesn't tell us who its parents are, from what I'm reading here. Lost to time, lost to time. This would okay. This will make it easier. Very popular with the Republican Party, it's almost like their mascot. Oh, jason should get it.
Speaker 2:What up Hyatt 9?
Speaker 1:Hyatt 9 in the house, very popular with the Republican party. It's almost like they're mascot. Jason should get it. What up, hi nine? Nine in the house. No, hi nine is on vacation this week. Not tuning into the broadcast. Shout out to Jason Check out. High at nine. They are uh they already are. They're already operational. You know like, could you imagine if we already had the studio set up? Oh, there he is, Super Silverhead.
Speaker 2:His legacy though.
Speaker 1:But remember, wait, legacy, what do you mean? I thought he got a license. I thought he was a good guy.
Speaker 2:He's been in the weed game since medical college in. California Legacy two licenses. Like Warren Brocker days dude, he knows Warren Brocker. He brought Warren Broacher to Seattle Hand Fest one time and it was interesting to meet this 80-year-old dude that was all pro Wii. People get it now.
Speaker 1:Everybody's coming in. Why don't you just drop all the other shit in hockey? Wii, hilarious, somebody just went with Elephant, pronounced with hilarious, there is there. Somebody just went with elephant, pronounced with it's a good placement.
Speaker 2:Good place, good job scott nailed it all right.
Speaker 1:Here's some other stuff. If you guys aren't familiar with the Democratic Party, they are approximately 50% of the country and they have prematurely claimed Biden, reclassified marijuana and then ended failed approach to cannabis. This is out of the marijuana moment. Let me see if we have some actual papers and links. They're pretty good in the marijuana moment, but they usually make you scroll all the way down for the source.
Speaker 2:It's just standard politics, dude. I mean like they're doing so much just for America. This is the whole thing about governing. We've already did four years and you know I, just as somebody who has yet to make above $100,000, or you know I'm still at that mark uh 200 000.
Speaker 1:You know it's a lot easier to make more than 100 000 as the owner. It's just that your top line and your bottom line aren't the same and most uh entrepreneurs will just tell you the top line is what they make um well quality.
Speaker 1:Well, this is. This is the tweet. And so ended our failed approach to marijuana. The Democrats, biden and Harris administration has fought for the American people ended our failed approach to marijuana. Still the same approach, but they have done more than any other administration to change that approach. What I'm going to portend which is also a fancy verb for foreshadow, which is a noun I believe has to do with they are going to Harris wins, harris doesn't win. Marijuana is rescheduled before the change to Trump or a continuation of the administration we currently have.
Speaker 2:I hope so. This is the path, because Congress ain't going to get this shit together. I mean, I hate that they don't If they want somebody else to do it.
Speaker 1:They're like we'll do it. And then Congress will be like I kind of like what you did here, but you know how I should have done it. And then they will actually make a comprehensive regulatory scheme. And, by the way, if this is your first time hearing comprehensive regulatory scheme, you clearly haven't read a lot of case law about. Subject matter jurisdiction.
Speaker 2:The litigiousness of everything is disgusting and there's no real good lobby.
Speaker 1:Uh lobbyist just for the plants in general, for the plants intention right like people, I mean like dude, dude like I, you're, you're a w-2, and so it's like hard like you would get fired if your company had to pay their taxes, like how marijuana companies have to pay their taxes. Oh yeah, and they wouldn't have the budget for you because with marijuana companies, shout out to Jason over in, where is he? California?
Speaker 2:Yeah, oh no, the Hills, beverly Hills, asphio.
Speaker 1:Dude, that's all it's like. You tell me you're from New Trier. It's like Chicago.
Speaker 2:It's a from newtrier, it's like chicago it's a funny acronym, because the area is called as we ho, or something like that. I just think it's funny, we hope.
Speaker 1:I evidently know some people there, um, I don't know again back back to people like again about the minorities criminalizing.
Speaker 2:She was a fucking cop.
Speaker 1:She's fucking top cop, right, that'd be the best way to put it like the one, like the robots are coming, and she was the top cop in silicon valley. She has the connections we need as a country to take us into the 25th century. I mean, we're gonna skip three centuries. That's what the technological explosion is gonna do in 2027 to 2029, we better be ready. And she's from Silicon Valley. So I'm picking her because Donald Trump's an idiot. Yeah, I don't know if he's an idiot, but but he's the biggest and bestest idiot of his own.
Speaker 1:Oh, no, no, no, he's a malignant narcissist, and so I just don't trust a malignant narcissist. Yeah, it is what it is.
Speaker 2:No again. The man's lived far enough from the bad stuff that he's done and shitty things. As a human being, you can imagine multiple wives. And then what's up with the JD Vance dude with the makeup For this party that hates transgenders and gays? They wear a lot of makeup and fuck a lot of copches and change their name multiple. I heard that he's not allowed in an Ikea.
Speaker 1:Yeah, I heard that, Granted. It was John Oliver who told it to me and it was a joke, but I still heard it.
Speaker 2:That's not news.
Speaker 1:We should get back to the news. We're going to piss off the viewers.
Speaker 2:They're already angry.
Speaker 1:No, no, no. Anytime you get political, you piss off half the audience.
Speaker 2:It's just justice.
Speaker 1:Supreme Court's domestic violence ruling underscores why marijuana users shouldn't own guns. Doj tells federal court.
Speaker 2:But you know why hasn't the NRA ever made a statement? I'm just saying it comes from law enforcement. It's the foolishness of people standing behind a thing that's supposed to stand for rights and the things that Fundamental rights when it comes to cannabis, this would be one of them. Right, you should be allowed to Not a right, it's a privilege.
Speaker 1:Smoking weed is more like driving your car. It is a privilege to smoke weed legally. Isn't that messed?
Speaker 2:up, so like when they say we legalized it in Illinois did we?
Speaker 1:We regulated it. In Illinois. We made some people a privilege and some people have the right to do it unless they do something wrong. And then some people have the right to do it unless they do something wrong. And then some people have the right to grow it unless they do something wrong. But they got to get a license to do that. And so, like, I got my medical card so I can grow my plants and, like, freak out the normies. I live in, you know, trump Central in central Illinois, and so it sucks.
Speaker 2:Everybody's an engineer. I don't think they're just the more vocal people because obviously the popular vote shit. He's lost and there's this whole. Just because you have the same groupies show up to your party every time doesn't mean you're powerful. It just means you've got a lot of suckers and shit and that's why I was trying to go to the NRA shit.
Speaker 1:There's cocaine and they know if they come here they'll get some.
Speaker 2:Yeah, I was going to say with the NRA, shit, if the NRA truly cared, it was an American institution. Because, they are right, it's a weird institution. That has been actually what been more funded by foreign governments than actual you know. So I don't know I'm not into guns.
Speaker 1:I love guns, don't get me wrong. And then again they should be weapons, because that's what they actually are, and I and I kind of believe like mandatory conscription and or service. And mandatory Like I miss the shop classes and the courses of like rifle shooting as something you learned in high school. That should still be a thing. Like like Switzerland has a legitimate point with how they regulate their firearms. They literally do. And so like make america, switzerland regulating firearms all for it I like guns too.
Speaker 2:I think they're cool.
Speaker 1:And then, uh, my whole point being was, just, like you know, that should be a fundamental thing fought for by these uh, like you know what the like the most, most, most, most fricking, like I just like it's the most un-American thing that I've ever seen in the Olympics ever. What's that? The number of gold medals won for Americans in shooting? Like bitch, we are strapped Like and again like, if all the targets look like well, if all the targets look like people, maybe we would win the golds. But it's one of those things where you saw that. Did you see the Turkish guy that won?
Speaker 2:That's the only thing I know about the shooting ones Did we win any shooting ones. None, we got struck out.
Speaker 1:You're like what the fuck is that we should be number one in shooting? I don't understand the world that I'm living in. We shouldn't be winning fencing, that's like for France, and shit. There's no pictures of high school kids. Maybe again, if the targets aren't humans. We're just not interested, I guess.
Speaker 2:But um, yeah, it's crazy.
Speaker 1:But at the same time I noticed that and I'm like that is un-American shit, it's weird, it's weird yeah.
Speaker 2:Yeah, no, they should be ashamed of themselves. All these gun advocates and shit Like they should.
Speaker 1:Really Where's the NRA there. How about the NRA sponsoring our shooting team? What the fuck is that? Oh, my goodness.
Speaker 2:Anyway. So yeah, I mean like of domestic violence, that's fucked up. Domestic violence shoot it on guns, that's it period.
Speaker 1:You try to break these federal laws one at a time, because you know that if they catch you, they're going to see how many you broke, just to throw the book at you. And so we just want to be breaking the one law and saying, like you know, you should really publish the rule, you should really publish the rule.
Speaker 2:What you were saying, though, about the. This is going to be a right for, like, as a fundamental right for people in America. For this thing to happen, there has to be rights for the businesses to occur. Right, like, so far, the hemp bill, people stepped up and did a thing, but now we're getting like a fair overall thing, rescheduling it. We have more opportunities for average small LLCs, more entrepreneurs, new things like that in every state, and you know there'll be a path for everybody in any state, and that's the American way, right, that's the rules.
Speaker 1:Like can you imagine the railroads, if you would go to one state and you had to be on this grade, and you go to the next state and you had to, like, stop every trolley that was like on that track and re-track it? That would fuck up rail. And so it's the same thing with weed. You're trying to have a drug, a pure, standardized chemical substance, more or less, and so they've called it botanical marijuana. Under the wall, which, again, with hemp and marijuana, these two things, they're disgusting. It has to be called cannabis.
Speaker 2:All one.
Speaker 1:I like medical cannabis industrial hemp. That's clean Medical cannabis, schedule 3. And then eventually you can drop the medical when you drop it out of the schedules. That's going to take Congress. Tune in to our show from 2029 when we're talking about it.
Speaker 2:Yeah, I know, and this is the banjo-kwam-wam part right, you get the music out and you start like it ain't gonna happen quick. No, Well, just like our license and get it into business. It's not what I thought like being legitimate. Did you know? A chucky chases a school.
Speaker 1:I can't believe this. The chucky chases a school.
Speaker 2:Oh yeah, well, he chases a school that. Oh yeah, yeah. Well, we've gone through hurdles. But even during when I was medical here, dude, I've seen people. So when the federal part body didn't like cannabis, I witnessed where people was had thriving businesses and then, because they threatened the landlords, they said, hey, you got a pot shop on your thing, we're gonna like, come at you for some shit. And the landlord is like, hey, you gotta go. And so that's why property is essential to this whole game, right, and then. But then it's not like, uh, branding and uh, creating a culture. I mean, like I think we we're here accidentally in a good place, you know, thanks to the 278 people watching so far, and later on we'll max out 6k, I think and then that's really cool that people know who we are. We got, we got a foot in the door. But like we're also gonna make, I think, more, more difference, because we've been doing it already for years.
Speaker 1:So we'll find out about that. But he's right. You know, it's just crazy in this market and there's you don't see coming all the time. So let's cover a new story, all right. A GOP senator is back in policy that treats marijuana just like tobacco and is calling for feds to allow this market to happen.
Speaker 2:Allow this market to happen.
Speaker 1:This came out on the 31st of July. He is a senator from North Carolina, which, of course, is great because North Carolina leading this country in exporting weed, calling it THCA hemp, and he shared his perspective on policy issues. Interview with green market report. I love that they're seeing the dollar signs, but now you're going to need to start passing the laws at the federal and or the state levels and and then you know. I'm glad that North Carolina has a healthy hemp market that is completely predicated on selling wheat.
Speaker 2:That's crazy. That should be a red flag to the citizens of Florida itself too, as far as, like somebody from out of state, a representative at that, is investing 12 million, not 12,000, not not 2 million. 12 million to campaign to fight a fucking legalization of the law. Yeah, the plant, what? But he's protecting him. But you're right, I didn't realize that. That's what the Wow? Just the fuckery that happens.
Speaker 1:It's called cash. It just makes you go fuckery.
Speaker 2:The chicaneries that and you know. It's sad that Because DeSantis created this pack or whatever it was, it's all about this core individuals with money that just want to fight the will of the people. That's just sad.
Speaker 1:They have a vested interest in the fight of the people.
Speaker 2:Why didn't you let business be fair? Why not just let progress happen?
Speaker 1:you know, and other people live their fucking lives craziness craziness is right, and I'm also just noticing something in the um, uh interlinking conventions on marijuana moment. Are they using like uh, long tail keywords, search terms for their interlinking conventions? Because they have like steps taken to enforce marijuana prohibition and so they don't just do like enforce marijuana prohibition or marijuana prohibition, they do steps to and so like. Should we use more long chain? I'm sorry it's called long tail keyword, uh, interlinking strategies at our websites. Would that help? If you're familiar with seo and you're tuning in hi, who are you? Tom's always on the grind when you're. When your paycheck depends on you being on the grind, you tend to get get on the grind.
Speaker 2:Oh no, I get it. Part of the grind for me that was off is this shit, but now it's happened to be possible, real financial return.
Speaker 1:It could also be real financial liability. That's the thing. Yeah, well, it's going to be some fuckery Right now the amount of debt on our company is just de minimis. I could. I could be like look, this company is going to need to repay me and all my expenses for how much work that I put into for launching it. I'm $500 an hour. I could be like $50,000, $80,000, $90,000 deep into this company?
Speaker 2:No, but we're definitely going to have brick and mortar and, again, like I know, genetics like you don't have. I'm not a state resident, but I do plan on being a contributor to that community, like Peoria, our store.
Speaker 2:You can buy a mansion here for a half a million bucks well, I'm just saying our company, when we do that brick and mortar, I do plan on for a half a million bucks. Well, I just I'm just saying our company. When we do that brick and mortar, I do plan on your cost for a half a million bucks oh yeah, that's that I mean, like you know, seattle price of shit here no, no, like a mansion you would have like four beds, four baths there like cool, uh, three car garage.
Speaker 1:yeah, I just want space, but uh, there's lots of space. Here's the nice thing it takes you no time to get anywhere, but also there's nowhere you need to go.
Speaker 2:Oh yeah, this is where I'm at for a while, but I still plan to be invested in Peoria. I'm going to want to return to the community that's going to help pay our future stuff.
Speaker 1:If they take us, fuck them. If they're going to be a bitch, I'll be like hey, it's at the zoning meeting. I want to show them. I'm going to go around and buy all this THC hemp at competitors which don't have a license. Don't have to think that Chuck E Cheese is a school, don't have to have a security plan, don't have to think that Chuck E Cheese is a school, don't have to have a security plan, don't have to have a recall policy, don't have to pay 3% to the state on top of their retail taxes, all that shit, and don't have to pay $1,500 for the first year and $3,500 every year to do your business in their jurisdiction.
Speaker 1:And you're going to allow these people to sell the same fucking products right across the street from a school without any regulations.
Speaker 2:Yeah.
Speaker 1:I'm asking for you to change the ordinance, because this is patently unfair and your ordinance makes it's completely arbitrary. Now you are not saving the children, you're endangering the children.
Speaker 2:Well, that's that, right. The hemp thing again. That's what's that? Also, you know how many states are are now banning the, the hemp for, in their legal market. Right, there's a reason why because people recognize this plant as uh the same. So why not? Should there be fairness for all? And that's the rescheduling path right now. Like, growers won't lose out, you know growers will have a chance to get licenses.
Speaker 1:That was a very interesting thing, and so tune into the next deep dive that I do, as that was from the HHS this week. Actually, it was released in June but leaked this week, and so that's a really interesting thing. You're going to see a suturing up of these cannabinoid products, with botanical weed being Schedule 1, and, I believe, everything else Schedule I'm sorry botanical weed being Schedule 3, and everything else being Schedule 1. And then, like THCA getting defined into the Schedule 3 stuff, then THCA getting defined into the Schedule 3 stuff. So that's cool. But we've got some international news. Hey, what states, cities, nation, internationally allow for the highest consumption? We've got a bumper for international Will. Are you familiar with our international bumper? Let's hit that.
Speaker 2:Yeah, which one? The finance news or the?
Speaker 1:Well, I saw two of them, and so, again, I still call them shenanigans, though For both of them they have the same, but some are international, and so I thought this was international cities from Yahoo Finance, with the cities that have oh, there it is, and then I will share this tab instead. And now we have the 20 cities with the highest weed consumption, but then it says US again. Now we have the 20 cities with the highest weed consumption, but then it says US again. I would like to file a grievance with Yahoo Finance, because they say it's about the international, but then they restrict it back to the United States, which is not what.
Speaker 1:I signed up for.
Speaker 2:But the United States one. They say again. They call it shenanigans. They're saying New York is the top consumer, new York is the top consumer.
Speaker 1:New York is the top consumer based on how they've rigged their studies.
Speaker 2:Yeah, that's why I don't know, especially living here in Washington State, in Oregon. I mean, there's been Pacific Northwest, there's a large consumption, so is it just the density of population out there is more than what it is out here?
Speaker 1:Yeah, and so number 20 is Kansas City, missouri, total weed consumption 1.4 metric tons. And then there's Boise, idaho, total weed consumption 1.4 metric tons. I would venture and hazard a guess that Kansas City, missouri, on a person per person basis, is kicking the shit out of Boise, idaho. But first I would have to right size the populations to confound for the data reporting that they're doing Again. This is why Insider Monkey is not a real journalistic paper. It's just trying to get clickbait headlines which also may explain the problem that we had with this international or is this this United States? This was a clickbait headlines which also may explain the problem that we had with is this international or is this United States? This was a clickbait headline, and so it is just about how many metric tons are sold in an area, and of course that means that the denser the population, the more weed it's sold.
Speaker 2:Yeah, no, that's true, but I would say Northwest. We got a lot of weed out here. Yeah, no, that's true, but uh, I would say northwest we got a lot of.
Speaker 1:We got here. No, I, I think. I think the number one that would win is albuquerque new mexico, currently ranked at number 13. I think. If we do a per capita basis, albuquerque new mexico is going to win at three metric tons per year. Albuquerque's population is 600, like six to nine hundred thousand. That's it. I did forget.
Speaker 2:Forget about the border prohibition state, so they probably get a shit ton of traffic from Texas. Like you know, texas has their hemp program soon to be non. You know whatever they got, did you see the fucking?
Speaker 1:I'm so over the website. Yahoo News is banned from the podcast. You will never tune in to another Yahoo News article on this podcast and that's why you're going to give us those likes and subscribes. We just try to get the raw, straight dope, as you do when you go to the dispensary. Mostly we like original sources. Was it released from the state or the municipality or the federal government?
Speaker 2:It's garbage. Well, there's a lot of stuff to talk about when it comes to cannabis, right. There's culture, there's politics, right. The EA scheduling just got done, with 43,000 comments filed on, and I think there's a good portion that were all positive.
Speaker 1:No, I did. That was my most recent bit Out of that. It is the vast majority, and by the vast majority I mean six out of ten people that wanted to comment on rescheduling wheat. And if you want to realize how much you don't matter, look at how few public comments were filed for legalizing rescheduling it was 43,000. That's it. There will be 140 million fucking Americans voting for president 43,000 of them.
Speaker 2:Careful.
Speaker 1:Can you get the math on that? 43,000 over 140 million.
Speaker 2:Part of policy though, man is, it happens when people have to do regular work, shit like, do people shit? So that's part of why you come here and hang out with us for a bit, because we're just trying to say, hey, you do matter and, for the love of God, get out there and vote. Hey, man, it's been an hour already, dude, you want to keep going?
Speaker 1:I think we just have to do one more story. There's just one more story. We need to end the week on a high note, going in to August 2024. Guess who's going to be legal come tomorrow? Oh, that's right. Tuesday, tomorrow, tuesday, tuesday.
Speaker 2:Ohio is going to legalize it. Finally, do you know how?
Speaker 1:late. This is I want to say. This is about eight months late. No wait, I think it was supposed to be July 1st, so it's only about five weeks late. The Ohio is going.
Speaker 2:None of this stuff is fast. None of it's fast, none of it's fucking convenient, none of it's easy. We're getting there, but Tuesday Ohio stores open up.
Speaker 1:Yep, and guess who they all are gti, farkas farms, and so there are, there's multi-state operators, like every state, and so that's the thing these lotteries are rigged. They're completely not rigged. You're going to have to sue the state to prove it and it will cost you $11 billion. So good fucking luck, they hire us for $11 billion. We'll sue for you.
Speaker 2:And then you might still lose. No, there's no or that's really it or your approval, no, or rescheduling happens.
Speaker 1:Who's going to give out the licenses? Who gives out the you know them licenses back there? Those aren't given out by Uncle Sam. Okay, fine, the district court ones are, but the federal district court ones. But then the law licenses, those are given out by each state, and so it's the same for medical. Each state gives out the same for medical. Each state gives up the same for your license. Your liquor license might even be on a municipal basis, and so, like then we have a dual licensing structure that you see in this country, this, this, this thing that we call weep, uh, and so the city will license and then also the state will license. Now there might be a tri licensing, with the feds licensing, and I hope that the feds say this is standard. So like it might royal the markets in new mexico.
Speaker 2:Well, I just think rescheduling. I don't think we're all the markets in mexico. We're now new mexico like.
Speaker 1:I mean you have an open market where there's no regulation, then suddenly, if you want to like participate in the interstate market, you have to come up to this for both the retail and also the production levels.
Speaker 2:Right. But if there's a federal mandate whatever for licensing and they just say, ok, states, just do what you're doing. Of course you know now they're going to lose all the traffic from Texas and then all their other border states. Well, that market will definitely deflate. But you know it will give people in Texas a chance. Right. Then they can say, then you can build an organization of people, right, because Texas is a trigger law right.
Speaker 1:And so Texas is a trigger state, and so Texas may have a round, and then they just might cancel the cup as illegal. So they cancel the cup as illegal. The compassionate use program it's illegal, and then they they're a trigger state and so if it goes schedule three, within like a matter of one to three months, texas will be a schedule three state and then the legislature says here's the federal rules for if you want it, and then all those hemp operators now just have to comply with these federal rules, and so that will probably. I should have done more dev Oops, but I guess these license applications are pretty heady. But still, if we had a method to help people submit a compliant application to the federal government like 50,000 times, like they do for TurboTax, that'd be nice.
Speaker 2:Oh yeah, yeah, I mean you're not going to get a plateaued one, though, I mean, cause it's still going to be the state mandates, right, cause alcohol is not treated the same in every state.
Speaker 1:But like, imagine that income tax don't exist and then suddenly they do and all the different attacks come in. But but that's what we're, that's what we are careening toward, and so many people that are in the industry especially the hemp aspect of the industry fail to appreciate. And then so many of the other people that are in the industry. They also fail to appreciate a lot of stuff and you're just like, oh all right, I gotta get back to these applications and then also suing that guy and these deals.
Speaker 2:Again, it's not about the trapping. The trap is the business itself. You know, being in business, that is a trap. No, this is good. I think rescheduling is a good path and I hope we get there. And I hope you know the Harris thing happens. Do you know what you're doing?
Speaker 1:We don't have the cash to like provide it yet. And so, like, otherwise, we could both go to Minnesota and hang out at CannaCon in Minnesota in about two weeks. And so in two weeks we're going to have to do a Saturday show because I will be in Minnesota. So in two weeks we're going to have to do a Saturday show because I will be in Minnesota. And so the other thing I don't want to throw everything into a C-Corp until the retail is going, because then we can't change the ownership until the retail is going, but also be cash flow statements and how like you actually value securities that would go into the C-Corp. We'd prefer to show cash flows before that.
Speaker 2:Well, yeah, I mean, I hope once this again, I'm just waiting for the fucking you tell me one day like, hey, I locked into place and now we're about to do a build out, that I can start making plans on this end. So, cause, again, we need to do the business side of things. As far as like uh, I mean, I don't know, you've been a medical side of things right. Have you been part of like the? You know one of the things about when I used to buy and sell weed, I'd break it up and I'd mark it up like five bucks or whatever per you know package, because I paid for gas or whatever, and I was actually okay back then.
Speaker 2:But, uh, to, to be a business, there's always gonna be a markup. But now we have price points where I can go buy a quarter pound. No, it's going to be the same fucking quarter pound someone else has got to buy. But you've got to build relationships with these growers and be like, hey, you're the guys that are going to be the podcast slash, raising awareness and all this other bullshit that I hope we do and it's going to be good for, I think, illinois, for I think Illinois. Again, I want to be an asset to not just the place that allows me to have this luxury of a lottery ticket.
Speaker 1:We've got to make the lottery ticket worth something.
Speaker 2:That's the problem.
Speaker 1:These lottery tickets can very often become worth nothing. It's tough, but then once you actually have a place. Then you can say this is the thing, we need this. How would you like to do that? These are the things we're looking for. This is where we're weak. Um, but that's in the future. I mean like for right now. It's like this place, now that place, oh goodness. Well, I got six of these licenses already bought. You're not allowed to buy them. Why don't you get one open?
Speaker 2:the state. You know we're dealing with city rules and local policy, so that's the like. Not easy thing when you don't have 10 billion dollars, right, these are why Cresco's and Tilray's and all these other fuckers exist is because they have these. You know, like you worked on the whole investment thing and equities and all this other shit like when it comes to like money, like you were always interested in the past docs, I never really cared because it's not my, I'm not invested.
Speaker 1:It's not my. It's going to be very difficult to invest in this industry. Yeah, it's no longer. It's no longer a profitable or cool.
Speaker 2:It's all the old people, but it always was kind of sort of like the old money right, it's a real estate and a zoning play.
Speaker 1:That's legitimately it. There's a few REITs that work out in the industry. Interest rates come down but property cash flow stays high. That's the only financial model. That's even Then. There's other financial models and so we're we're working on those. Like I don't, the C corp is going to be an IP heavy as well, an IP heavy asset based core Cause. Like I talked to operators and they have no. They have no IP. Well, it blows my fucking mind.
Speaker 2:We're going to have a store, we're going to have something to offer to other people who want to sell weed in this fucked up world. To be in the business, which is not easy, or management of people and all the other shit that we're going to have to be involved doing It'll be fun to go on a journey. I just hope it works out. We're still good. There's an author who eventually sold a bunch of books, but he held his day job until he felt sure that things were going to go okay. That's all we're going to do, dude. Once the store opens, we'll just try and bide our time and hope that positivity happens.
Speaker 1:Yeah, positivity everybody. That's going to get us through the summer, and then the Harris administration might do fine, but I will be in St Paul on August 16th, after that I will be going to Benzinga and then after that I will be going to MJ Impact in Missouri. Tune in on cannabis legalization news. I got some more videos coming for you, and then also the podcast on Sundays. Yeah, join us later.
