Cannabis Legalization News Podcast
🌿✨ "Cannabis Legalization News" 🌿✨ - Dive into the latest on cannabis laws with hosts Tom & Miggy, Illinois dispensary owners! 🎙️ Each episode, we unpack state regulations, discuss impacts on consumers & businesses, and share expert tips on navigating the cannabis legal scene. 📈🌱
Join us for lively chats with industry leaders, policymakers, and legal pros. 🌟 Whether you're in the biz, curious about your rights, or following cannabis trends, we've got you covered. 📚🔍
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Cannabis Legalization News Podcast
Trump's Cannabis Call: Election Impact & Regulatory Challenges
What if the key to the next election lies in weed? Join us for a provocative discussion on Donald Trump's surprising call for marijuana decriminalization and what this might mean for single-issue voters and the broader political landscape. We'll also celebrate Maryland's cannabis culture, spotlighting the Maryland Cannabis Association's achievements amidst some laugh-out-loud moments involving John Lovett and Jon Lovitz.
Dive into the murky waters of cannabis regulation and social equity as we critique Congress for dodging responsibility and examine how this burden falls on the Department of Justice and the Office of Legal Counsel. Drawing parallels with the gambling and alcohol industries, we highlight the urgent need for federal oversight. You’ll get an in-depth look at the challenges businesses face under current hemp guidelines and the inequities within state legalization efforts. Reflecting on cannabis rescheduling, we'll ponder how future administrations might influence the legalization process.
Ever wondered about the legal intricacies of synthesized versus natural cannabinoids? We'll unpack the 2020 Farm Bill amendment and its ripple effects, touching on everything from common law principles to privacy concerns in Maine. We wrap up with a candid discussion on the financial and regulatory hurdles cannabis businesses face, the impacts of Schedule 3 reclassification, and the quirky world of cannabis strain names. Plus, don't miss our teaser for next week's potential live broadcast from Minnesota—stay tuned and engage with us for more insightful and entertaining cannabis conversations!
what's happening? Man tuning in to cannabis legalization news, the number one news source on youtube or wherever you get your podcasts. Uh, we have a big one today. Trump has come out and said that people should not be criminalized over marijuana as more states legalize, and does that mean that it is no longer a single issue voting election? We're going to dive into the things that Trump has said about cannabis and all of our other news stories for the week.
Speaker 1:Shout out to Maryland Having a little orange crush for Baltimore. Those guys sell a lot of weed and they have a wonderful opportunity. The winners there's about 50 of them so far that we're aware of, another 50 or 75 are raring to be issued by the MCA Maryland Cannabis Association or administration soon. Looking forward to that Orange Crush drink from Baltimore. Let's get into our main story about Donald Trump. To the Harris, to the walls, to the Harris, to the walls, to the Harris to the walls. What's up, guys? That is a good one. Did AI come up with? To the Harris to the walls, or is that a Miggy original?
Speaker 2:I saw that on Crooked Media, John Lovett, and then he regretted it Crooked. Media John Lovett's made that up. Yeah, or his staff. I mean, it's nice to have a writing staff, right, people that?
Speaker 1:do shit for you. You think john lovitz has ever written any of his own jokes?
Speaker 2:so wrong. John lovitz, not the word for snl, but oh wait we're not talking about john lovitz.
Speaker 1:I'm that guy, john.
Speaker 2:Yeah yeah, not, not the other. Uh, this is the the better one, the other better guy anyways, there's a, there's two john lovitz's dude.
Speaker 1:If you think there's two John Lovitzes and you're just joining in, buckle up. What the fuck? What's the other John Lovitz, bro?
Speaker 2:Yeah, he's just a political. He actually was on Obama's writing staff and they got this podcast with Crooked Media. It's educational on politics and policy.
Speaker 1:Oh my God, what's? I just thought he was a comic.
Speaker 2:No, no, it's a different guy, different Levitt L-O-V-E-T-T. So what do you guys think I mean? Like Trump coming in with like the old, like I don't think this should be like, is it an election year or what man?
Speaker 1:We got to do. They have it queued up, the actual video. This might be it. This might be it queued up. Let's do a little bit of tweaking right now, because we can't just hit play, as we have to hit share the audio, and so I take that off for a minute. Let me do a couple of things to see if we can. Okay, and I think we're good to go on it. Let's see Donald Trump, the former president, talk about his position.
Speaker 2:Oh, weed man Weed Open the audio. Is the volume up. Is the volume on tab.
Speaker 1:It's about scheduling marijuana. No, it's the person asking Schedule marijuana.
Speaker 2:See the little mute button. You can unmute. Unmute your screen. See the little mute button, unmute. You gotta unmute your screen. I tried unmuting. I can't do it. I can't hear it. I can tell you. Well, it's kind of like I wanna, but you know I forget things about it. So I think I might, who knows, let's fucking do it. What, excuse me? You want to go bro? You want to do this? Anyways, we are having some technical difficulty. Hey, we got that little skunk. Is that going to smoke? A little smoke. You want to share your audio again? You want to try it? No, did the audio work? No, no, did the audio work? No, the audio did not work. It did not work. It was me miming for.
Speaker 1:Hey guys, we're going to start needing to have a checklist before we go live. Get a checklist, hey.
Speaker 2:Just the noise software. I think when you shared it you had a little mute button on your side. I tried interfacing with it.
Speaker 1:I couldn't, so I think my D yeah Well should be working on a new Mac mini or like a. We got to hook that up.
Speaker 2:No, it's for you when you share your screen, though. But yeah, but also, his wifi sucks, so let's not go there. Oh well, let's, let's work on that.
Speaker 1:Let's work on that. You got to get a good Kentucky, you know? No, we'll take care of it.
Speaker 2:We have to see what the options are. Yeah, but not surprised, dude. Not surprised that you know this is going to be the stance. I really don't think, though. It's like the whole wishy-washy political state shit. It's like, well, you gave a woman's choice back to the states Like no one fucking asked for this. You know, this is the one conversation that affects all Americans. Everybody has been asking for that.
Speaker 1:Believes in America you know, everybody believes in America, except for maybe the person who's like running for president, and so I know that he believes in himself, who is an American and therefore, through the transit of property, he believes in america. Everybody loves donald trump that tunes into the show, because most of the people who tune into the show are white dudes, and uh, and so that's white dudes tuning into the show. Cool, hey, if you're a white dude tuning into the show let me give you that like something.
Speaker 1:Hit that like and be like yeah, man, me too, me too. Look who you're talking to. Freaking so white, 73% Irish, but still, what he said makes me think it doesn't matter. You don't have to be a single issue voter this time around. So, biden, I think it's going to get rescheduled.
Speaker 1:He's not sitting there saying we've got to stop this. He's sitting there saying why are we doing it? Congress doesn't want to do their job. They want to be on CNN. If you are in Congress and want to be on CNN, I fucking hate you and you should do your job, because you're making $174 large a year and you have a staff that's worth millions of dollars and you have no revenue expectations you dumb motherfucker. And so then you get amazing health care, uh, and, and all of that, uh, and the only thing you have to do is say like, yeah, schedule three of a good, because we don't know what we're doing and we want you, the guys in the administration, to do our job for us and write us a law that we could then codify cool, god, that'd be nice.
Speaker 2:I mean it can actually last right like this is no, they can't write their own fucking laws.
Speaker 1:They can't write their own laws, and so they're having the Justice Department write the law right now as pursuant to the rulemaking process. I mean, it's like when you go to law school and like you're generations deep and being an Eagle Scout and all this other stuff, people just expect shit from you. And then you like, look at America and you see, like what the fuck? And you're like what the fuck. And you're like what the fuck. And so why don't they do their jobs? Because the only thing they have to do is win the primary and they're guaranteed a job. Schedule three is not trash.
Speaker 2:No, it's not If you think that guy's dispensary.
Speaker 1:I'll go there. We should do a show, that'd be dope.
Speaker 2:But the thing is neither or is going to do the legalization part, either Harris or they want the administration to write the bill because they don't want.
Speaker 1:If it becomes law because of Schedule 3, he's not allowed to regulate it. He's not allowed to drop it from the schedule. If it has to become Schedule 3, through this rulemaking process, congress has freeloaded like amazing jazz song, freddy the Freeloader, miles Davis, right Like 1959 and all that. But they've freeloaded the entire job that they were elected to fucking do onto the Department of justice's administrative head and the office of legal counsel. Um, great work there, congress. Hey, you know what you should do take the rest of the summer off. Oh, you already are, okay. Well, take the rest of the the year off because you need to get re-elected, you douche well, even this, what is?
Speaker 2:what is the supreme court?
Speaker 1:get a whole fucking summer off, but, but you know, these are things that are beyond my Jesus fucking Christ, clarence Thomas could shoot someone and he would keep his job because it is a lifetime appointment. Yeah, everybody would rather have decriminalization. We all would. We all would want Congress would have to do its fucking job. And they don't want to do their job.
Speaker 2:We're just trying to achieve to a realistic legalization where people all have a fair chance to be in business and then consumers aren't fucking harassed Right, like the people Like right now the hemp guideline. You know that couple in North Carolina got harassed for the smell because they're smoking Delta 9 or whatever fuck they had from their legal vape shop. Like, do I agree with how the sourcing went? No, because there's still more things to be done in the regulation side as far as quality control. Not fucking seed to sell. That's a stupid thing. That should only be within the company, right? That's a company metric. That should be a I do care how much shit I grow, and it's going to be on the side.
Speaker 1:Okay, we got to get the first principles of regulation, and so first principles of regulation for cannabis is same. First principles of regulation for the game Gambling, you know.
Speaker 2:And again, I'll make sure.
Speaker 1:No, no, it's worse than alcohol, it's similar. The government is here to wet its beak and to control the supply. And so they want to be able to understand we have OPEC, but for weed. We have OPEC but for. Are you betting today on the NFL? We got OPEC for that. In America, we have regulation for gaming. You want to go? I mean, you don't really, you don't really speculate on Bud Light consumption, but if you want to go, buy beers, we regulate that pipe so that we can tell how much of that thing is coursing through our interstate commerce. And Congress will like they do it for gambling, they do it for beer, they're doing it for weed. So when you you have to approach the regulation from this vantage point, where it's not going to be broccoli, it's not, it's going to be beer, it's going to be gambling, it's going to be banking.
Speaker 2:It's not, it's going to be beer. It's going to be gambling. It's going to be banking. You know, is it like beer, though, is it? But I mean like, do they really? Uh, you have to register how many gallons you made. Is that a thing? Do you have to register how many gallons of?
Speaker 1:if you read and like we talk about it on the show, I talk about it. People don't care, they just. They just care about like oh, I like this political persuasion or I don't. So thumbs up, thumbs down, whatever.
Speaker 2:It doesn't matter.
Speaker 1:Like the information I give, and so, with the way that the law is written and the international law is written, it is strictly controlled. Strictly controlled so much so that the supply needs to be known at all times and in control of the federal government. That is what is on the table right now, and it's been on the table since 1970. That's the law of the land and you're going to need to change it, and the guys over there that you've elected to change it. They don't want to change it.
Speaker 2:But the ball is rolling right. We're rescheduling, the ball is going forward, and that's the big thing With Trump.
Speaker 1:he doesn't seem like he's going to get in the way of that.
Speaker 2:He seems like somebody vindictive. He would be like, oh, that's going to be a good thing that I didn't start. So you know, harris's, her vice president will pick uh signed legality into a state uh oh, oh yeah, the most bullshit social equity legality that I've seen since massachusetts.
Speaker 1:That minnesota. You fucked up, but like minnesota, if you're rich and you want all the licenses, call me bro.
Speaker 2:We got until like midnight on monday to fix this shit but how many people are really investing with that kind of change in to sweeping up? Well, I guess what you still got your mso people still trying to be involved in things, but I don't. It's not going to be a good. So what do?
Speaker 1:they got lawsuits no, you just need to be rich in minnesota. If you're some rich guy in minnesota that wants a cannabis license, you could have had it. I could tell you exactly how to do it. Yeah, it got. It got flagged, and so we're not putting that like there's a, there's a video that I did and I'm not gonna. I might make it live, but like, even if I do, um, I'm just gonna make it live after it closed, so like tuesday, but like it's about Minnesota, and so like if, but if I do, it doesn't matter. Cause, like YouTube already flagged it, cause I'm telling you how to do the shit to get the license, and so like there's so much of this crap, it's like, okay, first off, just cut four out of five people out of the equation. They don't care about you.
Speaker 1:Now we have like 20% of the population that likes cannabis, and so that's it. Those are the only people that really use it. Those are your best ones. Now cut them in half, because half of them are going to like Trump and half are going to like Harris, and so now we have like 10% of the population, and then they have never really spoken about it. About that 20 past the hour, everybody. This is what we're fighting for. We have a little little break from our sponsor. There you go good.
Speaker 1:Lateral base has something for you, the person enjoying an orange crush in Baltimore. Hopefully, the orals are doing fantastic and the crab cakes are also just whatever the kids are saying for good these days. Uh, there's 50 new license holders out there say you know who did social equity way better than minnesota maryland, maryland social equity up here. Minnesota social equity somewhere somewhere over here. But it doesn't matter it's like what's the policy? What's the policy they're trying to get?
Speaker 2:is there an entry fee? What's the? What's the?
Speaker 1:uh, most entry fees are on both sides yeah, price of admission is both sides and so, like you know, a thousand bucks non-refundable for for maryland for a micro, five thousand for a regular in minnesota, five hundred for a micro, five thousand for a regular. But you can have one. One rich guy in Minnesota own every single license, or, like you could, he could sponsor every single application, provided that the two member operating agreement pay me SM at less than 10 percent.
Speaker 2:I mean, everything can be manipulated in the system if you got enough money.
Speaker 1:No, absolutely not. Can be manipulated in the system if you got enough money? Absolutely not. And I especially hope that Chicago will not dump me on my ass and make me have to pay for some guy who I did not torturously interfere with this contract. I don't understand how he could even say that. But you know, does social equity mean something or not?
Speaker 2:Well, social equity, fairness, right. That's the whole argument behind social equity, right. Like just overall, just for the people that were hurt by the stupid law rule that's been happening for how long? 80 years, 100?.
Speaker 1:Well right, social equity is supposed to remedy a wrong, and so the only way to really maybe effectuate that outside of the licensing rubric might just be for the R3 program that Illinois has done, which is what our loyaltyin will support grant writers to get R3 grants for the community to rebuild it. The licensing aspect is completely different, because with the licensing aspect you will have lottery hackers like myself and then other people that have way fewer scruples than me doing whatever they can to take the license for pennies on the dollar and saying it's worth nothing.
Speaker 2:Not good. You know, here's the thing Selling weed is not long with predatory gifted.
Speaker 1:And so like what's the guy at high at nine? What's his name?
Speaker 2:Oh, Jason Beck.
Speaker 1:Jason, all right. So Jason, like we got this thing called the social equity capital contribution and I have it's on my agenda but it doesn't pay me any money, so it just kind of stays on my agenda. And the thing is with that, if we create this new term of art and we tell the Canra look, if you want to do a social equity thing, first off, you cannot drive a bus through a 10% loophole A and then B. If you limit the license numbers and have a social equity cannabis social equity capital contribution that is equal to the paper value of the license at the time of the contribution to the entity, you have saved social equity because now you've capitalized them through the use of law that, by the way, created LLCs, created limited liability, created social equity. So why can't we create like, how do we pay you fairly for what you did for our company?
Speaker 2:You know what's funny? Is you pretty much like summed up though, like selling weed nowadays, like that's just how it is opposed to, uh, the trapping philosophy, the uh, the way it used to be.
Speaker 1:Right now, well, no, and I don't like the hca, like like the. It is different, because that does not fix what they did, that does not legalize it, it does not regulate it, it does not turn it they did. That does not legalize it, it does not regulate it, it does not turn it into a privilege. So it's like I mean, can we at least treat it like gambling.
Speaker 2:Can we at least do that? You know, no, because gambling is well, generally the house wins, right. But with legalization that we're trying we hope to have, especially with our scheduling, would be like when I used to sell, you know, I'd break up a quarter pound, sell it with a little bit overhead. I was looking just to pay back. It's my own money back. But then also like, if you're my friend, I give you a discount. You know, lower, cheaper. When legalization happens, rescheduling it, there's gonna be set priceless right. Everybody is gonna be on the same page when they're gonna have to buy the same amount or pay for the same amount at the same for the same guy. Whatever it is, now it's going to be about building relationships, same as it was before, but without this pretense that I'm your friend. Now it's about business, like, look, you saw, if you make good weed, I'm going to sell your weed.
Speaker 1:It's not so hard. It's, it's Walmart, it's Walmart. Yeah, it's Walmart, it's Walmart, but we got more. We got more stuff. What's the next story that we should cover, as we are 25 past the hour?
Speaker 2:We got dozens of groups, led by the Anti-Drug Association, urge Congress to adopt all-out ban on hemp-derived cannabinoids. This is shitty.
Speaker 1:Yeah, why is it shitty to put the horse back in the barn? That is not natural weed. Being the thing that's legal, natural weed should be more legal than Delta-8-THC.
Speaker 2:Right.
Speaker 1:Well, I mean it just should. If you think that natural weed should be more legal than Delta 8 THC, please drop us a like, click, subscribe and comment saying like that's right, that's right, natural weed should be more legal than Delta 8 THC. What the fuck is that noise?
Speaker 2:Rep Mary Miller from Illinois. Your state is trying to add amendment to the 2020 Farm Bill, which would approve by the House in May. Would remove cannabinoids that are synthesized or manufactured outside the plant from the federal definition of legal hemp. So concentrates essentially.
Speaker 1:Well, what does the legal definition of hemp mean? When you say something is derived from cannabis? Uh, does that mean how much chemistry can you do before it's called synthetic?
Speaker 1:oh, gotcha yeah well, I mean so like there was not a loophole class in ill in law school. I can like I was there. If there was a loophole class and they mattered, I should have gotten a whole. There was a contracts class and I don't even think in the sub If I had the syllabus for my contracts from 1L year, I don't think that loopholes was even one of the points that we had to cover for the final. And so like I don't like really subscribe to that and I don't believe it. Like I've talked about like the, that whole clause, that or the effect it's, it's like common law, the absurd result principle, and so there's things that are like principles of law and then there's like articles and sections in in statutes and so we are a common law society, which means that you would go to the principle of law, like the statutes were created after the fact, like our laws go back to, like Jesus and shit.
Speaker 2:Well, like the king, but also like but I mean that's, it's a, it's also an evolution of uh, morality, almost you have to say right Cause if you say it in a pretense of like it's based off England's bullshit, uh, then you got that whole nationalist type like ah, you know, it wasn't for the white people, america would never happen. But like civility, eventually you know, you don't think, uh, uh, there was like oh no, I do.
Speaker 1:I think there's some just dastardly white people in this country, tens of millions of them, millions, you know what about this utility company in what is it?
Speaker 2:Bangor, maine.
Speaker 1:Bangor, maine. Maine is kind of the Massachusetts further toward Canada, but it's also the Michigan of the very northeast tip. They have a fairly open market over there, so open that you could almost just pretend like you have a license, like in a in a massachusetts. That's the other reason why we advocate for the limited licensing structure. When you have social equity and you have like a, the license means something the ability to conduct the business, like the ability to be able to do the distribution of the of the.
Speaker 2:The liquor was worth something For now, but I think honestly rescheduling.
Speaker 1:Not for now. Yeah, I understand, but then again, what part of 80% of people think that this is a vice that want it regulated? What do you mean? 80% of Americans think weed is a vice that they want regulated.
Speaker 2:Oh sure, but it's also medicine. That's the other problem, right.
Speaker 1:Well, medicines are also regulated.
Speaker 2:True, well, and that's why rescheduling is a great option for just getting to the path of legals, you know what the rule is.
Speaker 1:Rescheduling is the best Purchasing powers.
Speaker 2:I mean this is going forward. But you know, right now in Bangor, maine, a utility company proposal to rat out hidden marijuana operations to police raises privacy concerns.
Speaker 1:So that electric company Versant Power why do you have like a reasonable expectation of privacy for your commercial power use?
Speaker 2:Interesting. That's a. I mean that's a commercial right.
Speaker 1:You've got to disclose your commercial power to the federal government on your taxes. I don't think you've got a reasonable privacy expectation of what my utility bill was last month when I'm growing weed for money.
Speaker 2:Well, here's the thing too. Is it reasonable suspicion? What if they see a house that's rating high? Right, they didn't get a special transformer drop.
Speaker 1:They're just utilizing all the power. In that house. There's a distinction between personal use and commercial use, and so is the primary purpose of that higher utility bill that you might see in the residential area personal use, especially if the laws of that state allow for that personal use, like mine in my basement I'm redoing the basement garden, by the way, which is just fantastic, and oh, you have to. And so, like you know, you could, well, it's fantastic. And oh, you have to. And so, like you know you could, well, it's, it's a pain in the butt, but then, like the um, the lettuce is just better. And so, like you know, your greens not just your greens, but like all your greens you could be growing in your basement.
Speaker 2:It's fantastic and well for those who don't know, tom actually has a green thumb. Like I remember, though, when you grew the char Brown tree, which was hysterical, it was hilarious, that was before I understood pH.
Speaker 1:It was hilarious, beautiful. It was the most legal loophole bullshit hack about growing a plant you've ever seen. It was just a nugget that's about five inches high, because that doesn't count as weed in Illinois. It only happened because it was an autoflower plant being poisoned because the tap water's pH was too high.
Speaker 2:Everybody should have this chance to learn about growing. Growing weed supposedly is easy, but growing good weed is fucking hard.
Speaker 1:Period. If you have good genetics and understand how to grow, if you've gotten the harvest in and you paid attention. I think it is a learned skill. But I think it's a learned skill like playing football. Very few people get to play football for money. This is easier to make money than football because of the popularity of the product. So I almost think it's more like brewing beer, like there can be enough brewers in your city. There can be enough growers in your city. It's not the hardest thing in the world.
Speaker 2:Yeah, well, that we should look at one and call it something.
Speaker 1:Let's do that, let's play some Name that String T, t-h C.
Speaker 2:T-H C.
Speaker 1:There is our logo. There's me Pretty Purple, purple. Go with the purples, like those dirt purples. They aren't dirt purples, but they're deep. So, they're dirt purples, but yeah, that is so popular these days with the exotics Very often like Indica. Yeah, exactly I guess Indica doesn't really. It's just a name that we understand the frame of reference to. It's not really a thing.
Speaker 2:I got an article on that actually at the end that I didn't share for you guys yet, but this is a dominant mix of Northern California purple strain Claim. I guess it's harvested by Mendo perps and other granddaddy. Oh yeah, mendo, I like its name, though. It's kind of interesting name.
Speaker 1:It's very military. Maybe, maybe we should do let me, let me look what the name is, and then we can go to our next story and then we will just drop as many hints into our next story and maybe that's what we should do for name that strain. It's like we do the strain and then we do a story with as many name dropped hints about what the strain is. We can't.
Speaker 1:However like there's like 317 people tuning in. One of the things that I'm worried about is all the podcasts that I watch are not live.
Speaker 2:Well, it's a weird world we're living, right, because your mindset of how, uh, like we thank you for hanging out with us, everybody fuck, yeah, uh, and and, and then apparently sharing it to other people who stay with us and then also, you know, yeah, keep sharing. But people, you know they're viewing us in their grows and they're fucking and hopefully now dispensaries and pot shops, which is pretty awesome, right like it's. It's cool to be part of the lexicon now, uh, but the live thing, dude, like there's like kids, like so many streamers, h3, fucking 20, 30 000 people be popping up live. Uh, no, I don't know, I don't worry about the live thing. I think it's more on our toes.
Speaker 1:would I? Would this podcast get more views if we only were live for our members, and then we polished the F out of it and then publish it at the same time? And so we would do our show only for our members first day, yeah, and then we polish it and then we could make it a premiere so that the chat can be going on. It's a reason to be a member, because then you'd see it live. Then after that, why are all the podcasts that I see that YouTube serves me? None of them are live.
Speaker 2:We talk about weed Our mainstays. This is not how we make a living, but pretty close to yeah but like, but like.
Speaker 1:How many podcasts does youtube like serve you and say hey, man, you might like this podcast?
Speaker 2:I get a lot of tech podcasts, but uh how many are alive?
Speaker 1:uh, one or two out of because, because I get no live suggestions. The only live suggestions that I see sometimes are if they're currently live at that time, like the Dales Report or Chad Westport, even now again, like what's the name of that one that isn't. Ah, they're out of count Dude Groves. No, those guys when they're live you get like notice of that. You do just see notices of when people's are live, yeah, but don't, that's not apply if you're premiering it.
Speaker 1:I think it all does you get the same same kind of virality from that, because then it would be like more polished, like this crap right here gone and again we're trying to lock in a way to make money off this bitch one day.
Speaker 2:I mean, you know media.
Speaker 1:Schedule 3 will allow you to be taxed. Do you have any idea how few expenses you allow if you are taxed on gross profits and not net revenue? Do you have any fucking idea how onerous that is If you're?
Speaker 2:selling.
Speaker 1:THCA. No, you do not.
Speaker 2:What about hemp? Unless you're hemp, right? Don't these guys have some sort of recourse for ride-offs and doing all that shit that they do? Yeah?
Speaker 1:hemp gets to play by a whole different set of rules and so it's in the same price. They get to set the same price point, but they do not get to play by the same expense line items. I had to just flip my law firm's email address because the word cannabis was in it and the TLD Top level domain. Thanks, Tom.
Speaker 2:But you even got your Stripe account deleted. You fundamentally make money with this bitch and get denied and closed. I know, since I don't. I think that part adds to the street credit or whatever. I don't know. I'm here for you, man. We've been doing this for a long time, rescheduling. If it did happen, though, we got this report coming out about cannabis research lags, growing US market, federal report, fines or no shit news, because they can't fucking be research. You know what I mean.
Speaker 1:Okay, and so let's do that research one Talk more about that, and I'll look at the name of that strain, by the way.
Speaker 2:Oh yeah, that's right.
Speaker 1:Put that back on up there. So we will now do this story about research limits while providing suggestions as to the name of that strain. Go back to take two. I wanted to show everybody.
Speaker 2:Oh yeah, okay, Do your thing. Okay, you're good. So you know, just kind of redundant news were the fact that you know they haven't been able to do research on it because of the Schedule 1 plant. But research still face barriers to red tape studying cannabis, particularly to those closed and state licensed dispensaries.
Speaker 1:So I personally For example, they don't know the exactual dominant mix of these Northern California purple strains. Some say it's Mendo perps, others say it's Granddaddy purple, and maybe some say it's Mendo perps, others say it's granddaddy purple and maybe some say it's an indigo from Afghanistan that you're seeing right there. And so how would that bill with the research kind of implicate that, like we would be able to maybe know their parents more in the future?
Speaker 2:Ooh yeah, definitely traceability, Because there are many unknowns. About 22% of Americans age 12 and older reported using cannabis in the past year, according to a 22 data cited in a report. I wish I said report.
Speaker 1:But do they say which ones appeal to those children? For example, the buds that you're seeing are bulbous and purple and they are producing a fruity grape aroma that gives way to sweet flavors of pine and berry. Could that be something that you would see? That's pretty close. The Afghan purple is pretty close, but it is not. Kind of in a ball shape would you say there's definitely balls in the name.
Speaker 2:The report also noted that the Food and Drug Administration has approved limited cannabis-derived medications, including Epidiolex for certain seizure disorders, syntheticc drugs for nausea and appetite stimulation, specific conditions um, you know. Again, rescheduling, it would help fix these issues. We'd have such a better understanding. But donk hey, I got it I got it I said it I'm surrounded by assholes.
Speaker 1:Yes, who hired that asshole? I did, he's my cousin.
Speaker 2:Purple monkey balls oh yeah.
Speaker 1:Indigo effects that produce deep right laxation great for chronic pain and best saved for the end of the day. If you need to remain productive, use this later we got some kentucky.
Speaker 2:Uh asked medical marijuana license advocates create extensive plans. Did you look at this one?
Speaker 1:Oh yeah, yeah, we know about Kentucky. Kentucky is doing a fantastic job compared to Minnesota and they are telegraphing them exactly what they are looking for.
Speaker 1:The only thing that I wish we had a little bit more knowledge on is there is no such thing yet, and this is maybe the regulators, the law, just getting ahead of themselves as financial institutions that lend to weed companies. I applaud you putting that into the law. You know, to a certain extent, calling financial institutions, but I would request that you be pragmatic and allow private financial institutions to lend to the cannabis, because the entire cannabis industry right now is on private equity. You may not know that, and so, like, private equity is what's funding this? Because it's fucking illegal. It's a schedule one substance, and so you can't get out of it Now, if it's schedule three, maybe banks will jump in, and I'd love that, but it's gotta be where you're at.
Speaker 2:But is that what's stopping the banks right now? Because there's no check marks in the check right, Pretty much.
Speaker 1:It is literally textbook definition, literally money laundering, Our bank account like we do not.
Speaker 1:Yet we are not allowed to do any of the business. That's according to the terms of our license. We can't do the business. We have to get the location fine and then we can do the business and so we do not have any money laundering. But then once you have that new license and the location that's compliant, then it becomes money laundering according to current federal law. I'm hoping by the time we we open it is not that, but we have to get the rescheduling and then maybe also a patch from rulemaking from the FDA.
Speaker 2:Sure, but you know, again, selling legal weed is not what I thought selling cannabis would be about, how the process is. But it's kind of expected, like, because it has to follow some sort of like regulatory body model. That you know, when people say regulation, you know they they think, oh, there's like these Nazis and clipboards coming to poke at the plant, but that's not really the case. It's a case of, like, someone having a means to like put a bank account open. You know, have workers' rights. You know there's so many layers to this. Like rescheduling can help this ball roll. Unfortunately, though, right now it is a rich man's game, Unless you don't like us.
Speaker 1:It's always like again every bookie on the street corner did not get an address on the strip at Vegas, oh right, Right, right, yeah, I mean that's a great point.
Speaker 2:You're getting into money laundering.
Speaker 1:You're getting into a highly regulated cash gambling. It's not gambling, but we want to trust you like it's gambling type of business. Welcome to the industry. It's extremely regulated. There's cash and background checks involved. If you want a primer, watch the movie Casino. That's the industry. You need to be able to handle cash, go through background checks, understand access control areas, inventory control protocols, cash handling protocols all of that kind of crap. If you were a dealer in Vegas, they make okay bartenders because the skill set's transitive but most business in general deals with that right.
Speaker 1:There's got to be well in the back end the person doing the thing over at the Dairy Queen, the guy who's running the counter at Dairy Queen, way less.
Speaker 2:Way less.
Speaker 1:Like the cash handling and all that type of stuff, where it's not all in cash. It's more like a casino or a bank bank where you have a vault because of the volume that's coming in and so like that's what schedule one versus schedule three means, and so the compliance costs of running these things are higher, you know.
Speaker 2:Well, I mean, like, being a bud tender is not a gateway to like have a nine to five. It's just like the stepping stone into a company. I mean, if you want more for yourself, I guess fair and benign is always good for some. But hey, we got a Delaware, let's do Delaware. Yeah, delaware officials will start accepting adult use marijuana license applications ahead of schedule this month. But this is how legal weed happens, folks. This is how, if you want to deal legal weed in the world, you got to go apply for these fucking applications and hope you win, fingers crossed. Then after that, do like we're doing where you try to secure property. Then you're going to have to do the staffing part. That part I'll be excited for, because that means we already secured property.
Speaker 1:Oh yes, that part I'll be excited for, because that means we already secured property. Oh yes, and that also means that now we have to have this type of insurance, this company protocol, this handbook, and here's how you get a dunning and then also excavated or terminated Because it is an employee industry. And so the first employee is like we're going to do the shoestring as much as we can because, like money, please.
Speaker 2:Well, we're going to, I think we're, I hope. As a business you know, being in business owners we create and provide a good environment and then also be assets to the community, right, like that. I mean that's the goal for for me as a human being. But, yeah, so the I really enjoyed your video that you just did. It was on the whole juxtapose of how to start a dispensary, how each state has different rules and games, right, and you mentioned so, like the Office of the Marijuana Commissioner, so these are the ones in charge of so every state's name is different too.
Speaker 1:Here it's Washington State. Every state's name is different yeah.
Speaker 1:OCM is like you see more OCMs but then you don't see that many OCMs there's a couple throughout it, but then it has to do or CDC. In Ohio, a lot of it is still in the health departments, missouri's in the health department, maryland may also be in the health department, but they have a cannabis administration, and so this type of regulation is so novel and new. The states don't know where to put it. The feds don't want to do the job, and so they're making the Justice Department do the job of Congress. And then they're going to blame the Justice Department because they're not elected, but Congress didn't want to write any laws. That would become a thing.
Speaker 2:Sure it's messed up well, but it still had to get descheduled regardless, right like I mean descheduled.
Speaker 1:We'd all want that, so it has to be scheduled, but it can't get descheduled until you understand how to regulate it, and so, like you have to pass it through this lens of schedule three, so that congress like we should codify this, right. Let me do my job. Let me do your job for you, because you've got to go back to your district.
Speaker 2:I think they're just too busy being Instagram celebrities or whatever fucking social media thing.
Speaker 1:That's it they want to.
Speaker 2:doancy mace is one of the worst at this like she was like I have this thing that I'm going to go give to somebody, and you're like okay, well, I just the whole republican party, I hate to say even though trump came out and said, like he doesn't believe, like there's just a level of cuckoo, like the extreme right is like a lot of racist and just dumb people, and then extreme left is just like, really like, I guess, socialism I don't know what the fuck is on the stream left, like what's over there, but it's not as crazy as the other side.
Speaker 1:Yeah, it's like that side tends to go back to religious fanaticism, and then the other side, that side tends to go straight up commie, and you're like hey come on. We have property rights and personal privacy issues and you're like yes, and then the other side's like yes and not. If you have this, and you're like wait a minute, wait a minute. I thought how can we have any freedom if we don't have the freedom to be left alone?
Speaker 2:Well, the unfortunate thing is my cat just got excited by something. The unfortunate thing is this is a two-party system we live in. Yeah, she's all politics, fuck Politics. People think you know, let's talk about politics.
Speaker 1:How about crazy rich politics news? We got some crazy rich politic news. This is from Florida. Did you see the billionaire?
Speaker 2:Yes, Well, this one's out of Beard Bros.
Speaker 1:So let's do a shout out to them. And I've clicked the wrong thing because sometimes I would. We tried to do an audio one later.
Speaker 1:That didn't that's good actually, and so yeah, oh, that's good, because when you're worth billions of dollars, you still want to maintain that deer in a headlight. Look so billionaire Cordell Griffin Kenneth is his first name, so he became a billionaire the old fashioned way, being named into it, and he's going to give a million bucks to the opposition the opposition, 12 million dollars to oppose legalizing weed in Florida. Citadel Hedge Fund that has the naming convention of I'm going to name this the thing that inspires you to give me money. So you don't even look into what citadel hedge fund does you know it's funny.
Speaker 2:So, uh, high at nine, uh, jason's a a republican all the way, no matter what, and uh, I think it's funny, so he's coming. This is a political favorite to ron desantis, right? So the republican party clearly has a slant against cannabis. But then I saw a tweet by roger stone where he was all like uh, you know, this helped my, my parents and shit, and I'm like they must be going through some weird shit like that's why they're always confused, you know, because mom, because it always comes down to religion and it's like good people don't do this and it's like are you kidding me?
Speaker 1:because good people are doing it, and and it's that type of it's all about freedom and personal liberties. Until it's like but religion says, do this, and so you must do what religion says, and you go, ok, you realize that is the antithesis of freedom and do what you want, because you just said because God, we all have to do this. And if you read like Project 2025 is crap, it's like basically that. And if you read like project 2025's crap, it's like basically that. And so whenever the republicans are like, oh, but you would believe in you know american and money and guns and all this other stuff, I'm like, yeah, but you devolve into like organized religion and just completely lose all of it question god because, uh, uh, he made this comment.
Speaker 2:It was like our, I know votes are public, so like there is a way to go when he votes, finally to be like oh, now we know where he stands public, it's a private ballot very often I think they are public. I believe there's a way to.
Speaker 1:I mean, there has to be right but that's one of the reasons why I believe in open primaries, where we should just have open primaries so that marjorie taylor green is running against Marjorie Taylor Greener and so they kind of split that crazy vote and then you don't just you have way fewer weirdos in Congress.
Speaker 2:I don't think that's going to be a thing. There's going to be the weird it works in Alaska.
Speaker 1:That's why Sarah Palin oh shit, that's right.
Speaker 1:And so, like if we could get rid of Sarah Palin, we can get rid of all of those nutbags both sides, both sides, everybody. Look, it's not just the Republicans that are nuts, the Democrats also have nutbags. And if you had open primaries you can get rid of all of the nutbags because, let's say, it's a very safe Republican seat. The only thing you have to do is get through the primary. So if the top three candidates go through, that might be like a normal conservative democrat representing that area, because two crazy republicans tried to take 60 of the vote each yeah, so you answer my question.
Speaker 2:I again. I know he says no, they can't, but they can tell if you vote or not. That's it, yeah, just can't tell which way, uh, but you know, speaking of you know, there's always a lot of sad weed news.
Speaker 1:We got some positive news positive weed news everyone yeah, marijuana come from marijuana, moment, of course.
Speaker 2:Uh, marijuana users have better outcomes following heart attacks. New study finds point to the canada's paradox. Google that.
Speaker 1:Oh, the cannabis paradox. Is that like the French paradox, but with weed instead of red wine?
Speaker 2:I mean this sounds very, it should be a 30-minute special. See findings of the New York Public Studies show.
Speaker 1:If there was this 30-minute special about that, it would be immediately flagged. 18+.
Speaker 2:Oh, no, our plight. The findings of our study reveal a paradox. Researchers wrote among patients 18 to 80 years old admitted to hospital with acute myocardial infarction between 2001 and 2020 in the United States. This canvases was associated with lower risk of complications such as cardiogenic shock, acute isochemic stroke, cardiac arrest and per continuous coronary intervention use, as well as lower in-hospital mortality, despite correcting for several confounding factors. Like I say in the Navy dude, I'll just push the I believe button. That was a lot of shit that I don't. I'm not a doctor.
Speaker 1:Miggy is not a doctor, but he is entertaining you.
Speaker 2:I believe it. So yeah, I mean I'm like, yay, you know what, but he is entertaining you, I believe it. So yeah, I mean.
Speaker 1:I'm like, yay, you know what I'm going to push back on the Miggy's not a doctor thing for just a little bit. Dr Bronner, not a doctor.
Speaker 2:Ooh, ooh, not a doctor.
Speaker 1:Wait a minute. I'm just wondering, Dr Miggy, what is the cheapest medical degree we can get to bestow the term upon you of doctor? I bet we can get you to be Dr Miggy for less than $5,000.
Speaker 2:I'm a reverend.
Speaker 1:Does that count?
Speaker 2:Yes, let's ask the.
Speaker 1:AI. Okay, dr Miggy and Tom Esquire always try to appeal to authority so that people listen to you, dr Dabber, dr Dabber, not a doctor or a dabber. Are they still around, dr Dabber?
Speaker 2:Yeah.
Speaker 1:That's a real thing. I just thought that was yeah, dr Biggie's word.
Speaker 2:No, there was a whole line of like. I used to vape, I used to smoke concentrates, but I prefer flour all the way. I like chirocannabis. And then also good news T-marijuana use has fallen over the past decade as more states enacted legalization. New CDC reports.
Speaker 1:What? There is a thing that happens when you're told not to do something. It becomes something you want to do because you've been told not to do it. And so when cannabis becomes something grandma and grandpa do because they got arthritis and it's legal and they have a card and all this other stuff it does, it loses its power. Like it, you haven't, you haven't created this, uh, this temptation paradox. It's like well, why are they telling me not to do it? I almost want to do it now because you're telling me not to do it. Oh, I have to try this thing that I can't have. Uh, as opposed to no grandma needs this.
Speaker 2:Why arthritis, lame, and then they want to go be brats or something well, when you mix with the taboo, it's always going to be a thing like like more enticing. Um, when I was in this town in uh oregon, uh uh, they had one pot shop and you know that now that we're in the business, I'm always curious about like supply and demand. Now I'm like observing things now and he's like so I go in there and they didn't have a lot of flour. I mean, they had some. It was all quality because it was in Oregon, but I was like you know what's your clientele? How busy are you? He's like it's mostly edibles and ointments, because it's in the retiree area off the shore, so obviously tourists, they bulk up in flour during that time frame and then the rest of the year it's freaking ointments and edibles, which, wow, that makes sense, though it's funny how, like, our store is going to have to try and adapt. We're going to have to try and find the customer in Peoria. We need to find who's.
Speaker 1:Right, there will be automations involved. Sign up for your loyalty program and learn about what your customer wants and then give that to them. Just fundamental entrepreneurial business 101. That's it. What does your customer want? Here you go, buddy.
Speaker 2:That's also a way of building the market. Shout out to Ohio's new expensive weed Right on.
Speaker 1:They sell it by the 10th out there, Fucking hell expensive too, 10 tenths for an ounce. They used to call it in Ohio because Ohio, why are you here? Ohio is an interesting place. They have a regulated market. Reminds me a little bit more of Missouri, but for some reason they sell by the tenth.
Speaker 1:And it's expensive, but I don't understand that you can go by 2.83 grams, so that is like one tenth of an ounce, so that is like one-tenth of an ounce. So why is Ohio on the metric system for ounces? So they're on the metric system, they're on the non-non-metric system because they sell it by the tenth of the ounce.
Speaker 2:Probably something to be said about being a flyover state.
Speaker 1:I don't know what the fuck they're even doing with that regulation, bro well, uh, you know kentucky, I shared with us the slack earlier.
Speaker 2:The uh kenton commonwealth attorney rob sanders apparently the ag for the area uh is uh saying you know legal marijuana sales in Ohio will prompt a legal reminder from border state prosecutors. So you know, kentucky still lives in a fearful state.
Speaker 1:Kentucky, january 1st, 25 medical cards. Go get them in Kentucky, man. You've got to get them because, like Kentucky, has so much pain that can be treated through medical cannabis. Unfortunately, you can't have it in flower form. We think it's going to be a lot like Florida, where eventually you'll get your flower, but then it's going to start with, like you said, you know, ointments and edibles, maybe some vapes as well, because they are, I think they're allowed to do vapes, but no flower to start.
Speaker 2:Now rescheduling would help right Everybody in every state Kentucky, ohio.
Speaker 1:Yes, yes, because then it's hemp taxed, now everybody plays by the same tax rules, and then if the FDA creates rulemaking that says that what they're doing they could get it's natural cannabis. That's what's scheduled 3, natural cannabis, not Delta 8, not all these weird things, but natural cannabis may be able to have its own lane so that if you're using natural cannabis, the FDA could then change rules that say, based on this currently accepted medical use for pain and other palliative care, natural cannabis, which they could then make sure that they've tested so that when the supply chain is pure, so the supply chain is pure for the first time, nationwide supply chain will be pure. It's going to be beautiful. That type of thing having its own lane would then make it completely legal. And that's when you can get it dropped out, because now you've created a regulation that works internationally because of the way we have our shit set up, and then it's like actually tracking all the product, and then you can drop it out because then Congress has to say we're going to de-schedule. Fuck the United Nations.
Speaker 2:There's going to be a point that's never going to happen in any of our lifetimes. But with the rescheduling, jason says it's going to make it harder. Hyde 9 says oh, it's going to make it harder, but the harder part is going to be the policy.
Speaker 1:It's conservative, that tends toward doom. Jason, you need to be way more optimistic, bro, yeah Again, you need to be way more optimistic bro.
Speaker 2:Yeah Go, camelot. Fundamental overall equity for everybody. We'll be all in the same playing field. There'll be a chance for consumers to have proper defense and businesses to find a way to create in their state. There'll be a path for being a business Shit, we still got thieves. Path for being a business um shit, we still got uh arrest here or not arrest um thieves, uh, we some. I got an article about the shop in redmond was hit four times in less than a year. Like if safe banking, any of this shit can happen. Right, I mean they would give more provisions for like protections and shit they wouldn't cash handling.
Speaker 1:That's why I'm saying, like exactly, you can't look at yourself Like you're just selling weed. You're not selling weed, you're not just the bud tender, like it's. It's like you're a dealer at a casino, like there is there's money and there's product here, and so, like you have to be cognizant about it and, like you know, you have to get approved. It's like you hire somebody, go get them fingerprinted and then get that card issued. I mean they can start working while it's pending, but at the same time they need to be approved.
Speaker 2:I mean fucking weed shops get hit more than jewelry shops, like. That's not even like. When was the last time you heard of a jewelry robbery in the United States?
Speaker 1:Well, you could like because, like that's the nice thing about jewelry stores That'll be a bazillion thousand dollars. Mr Carruthers, here's my black card, or my crystal importance card, or like my, I'm going to be able to get a free drink on the next airplane that I'm on card. They would then swipe it, yeah, and so the asset, the diamond leaves, and then the cash is digital.
Speaker 2:You're not going to rob them. Part of it's all education. I don't know if you saw this. We're about to wrap it up. I know you're feeling it, but I saw this article in National Geographic. In a constativa, science suggests there's no actual difference. I'd be interested to read A little homework for the folks at home and myself, because I haven't read it. I know the premise. It won't let me play now. I'm going to read the board.
Speaker 1:Sucks bro. Hey, but next week I will be in Minnesota. Come see me in Minnesota, by the way, if you are, and then I will rag on the Minnesota social equity and be like and this is just like Massachusetts, and so you? Why do you even do that? You're just window dressing and virtue signaling and they will not like it.
Speaker 2:Maybe I'll run into Trevor with his drinks the Freedom Grill drinks.
Speaker 1:I'll run into Trevor, I'll run into some people, I might run into Cameron from South Dakota, which would be sweet, and then some other people and definitely the MetaCrew, so Dimitri should be out there. We'll be doing some live stuff. Hopefully we would do the show on Saturday, okay, okay, yeah, I gotta, I gotta get my, my rig over there and then see how it works, but then, when we do the show Saturday and then make it, maybe we don't make it live. That's the problem, though, because then we can try to like gear it through there, but I don't know what my throughput is going to be Like. I don't know what the cause gear it through there, but I don't know what my throughput is going to be. I don't know what the 5G and all that stuff, but you have to be able to get it, and it depends on how many people are there.
Speaker 2:Yeah well, internet conferences always suck, but fingers crossed.
Speaker 1:Fingers crossed, All right. What are you doing next week? You got anything you want people to check out?
Speaker 2:No, no plans Be here next week.
Speaker 1:Good, and next you want people to check out. No, no plans. Be here next week. Tune in next Saturday. I might be live from Minnesota, or we'll only do it for our members so that we save on bandwidth and then tune in next Sunday. It'll just be on.
Speaker 2:There you go. All right, brother, get us out.
