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. 📈🌱
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Cannabis Legalization News Podcast
Federal Cannabis Legalization: Politics, Business, and Social Impact
Can federal cannabis legalization reshape American values and freedoms? Discover the intricacies of this crucial topic as we explore the potential impact of Vice President Kamala Harris’s support for marijuana reform, should she ascend to the presidency. We'll dissect the current administration's progress in rescheduling efforts, scrutinize the Farm Bill’s loopholes, and argue why clear regulations are imperative for the cannabis industry.
Curious about the GOP’s resistance to cannabis reform? We take a closer look at the dismissive attitudes of key figures like Senator Rick Scott and Mitt Romney, questioning their opposition despite lacking personal experience with cannabis. This episode also highlights the evolution within the Democratic Party, the innovative use of technology like ChatGPT for global cannabis advocacy, and the vital role of local support and social equity in launching a cannabis business—exploring how race factors into business success.
From the controversial rise in medical cannabis license fees in South Dakota to the significant decline in underage marijuana use post-legalization, we cover a wide range of critical issues shaping the cannabis landscape. We delve into business complexities, the necessity of proper infrastructure, and the challenges of navigating legal gray areas surrounding hemp-derived intoxicants. Join us for an insightful discussion that promises to keep you informed and engaged on the ever-evolving journey of cannabis legalization and regulation.
What's up? Legalizers, Thank you for joining us for another episode of Cannabis Legalization News. I'm one of your hosts, Tom Howard. You can find me over at CannabisIndustryLawyercom or other websites. We have some federal legalization news this week. We're going to really focus on that because the presidential election is coming up, but also we're expecting Schedule 3 and many other things. This election allows the elected possible senators and representatives to ring in on whether or not they support your favorite issue, and that's why it is our lead story of the week. Stick around to the end. We'll play some Name that Strain, and that's why it is our lead story of the week. Stick around to the end. We'll play some Name that Strain. And then there's some new sponsors that we want to run by you. So let's get into the main stories of the week.
Speaker 2:Hey, thanks for joining us. You're here because you care about policy and the culture. Yes, yes, Give yourself a thumbs up and hopefully you have subscribed. Thanks for joining us. You're here because you care about policy and the culture.
Speaker 1:Yep, yes, yes, give yourself a thumbs up and hopefully you have subscribed. Uh, mostly our subscribers tune in for the live feed. Uh, they find out about us on news stories. I have new one about cannabis zoning. That one has not been flagged 18 plus. I did not swear in it because I was upset, which is good and yeah.
Speaker 2:Good to get self-control.
Speaker 1:Well, you know, why do you set it up that way if you know that there's certain things that I don't like in laws loopholes and window dressing, and so that's why, and so like when I see loopholes or window dressing, I'm like what are you even trying to do here? What's the policy goal of this fraud? Is that what the policy goal is? Because that's how you get fraud. But I digress, we're here for the news, and so we have news that's at the national level. I'm looking at the second story. The first one has to do with Kamala Harris ready to sign marijuana reform bill if elected president, according to a Democratic senator.
Speaker 2:Well, I find these topics just to be like no shit. Sherlock, like you know, the Democratic Party has proven, like people are saying, like, oh, she had three years, three and a half years to legalize it. She's the vice president, you know. And not just that, the president won't like even if they were to sign it Shit.
Speaker 1:Reagan had eight, he didn't even fuck.
Speaker 2:Yeah, yeah, but for legalization. You know, like I've always, I never thought policy was ever going to happen, dude, because, like you've always said, congress needs to pass the bill right, to make this thing part of our lexicon or whatever you want to say. But uh, you know, with rescheduling that's already been the ball rolling like there's been actual how to legislate, how to uh lead with the with this president administration I see they don't want to like cannabis is such a non-issue.
Speaker 1:I mean, like we love it. We think it's an important issue about, uh, what it means to be american and freedom and uh, small government, big government, sensible regulations, faith in the laws that you have to abide by, but we are just, by and large, ignored. You know, the democratic national convention, the republican national convention number of times cannabis came up well it it's on a Democratic platform now, At least they touted it right.
Speaker 2:That was one of the stories that Zero. Did it not?
Speaker 1:at all. No, no, it's still not up, and so it's one of those where what's going to happen is who's Harris will win. Is she going to then sign something, and then she doesn't have to sign nothing. They just have to make the rule effective. Well, as far as Biden's already signed that thing two years ago.
Speaker 2:Right, right, the ball's already rolling. I mean it can stop. It can get stopped at any time. So I think with the If we can continue with the Democratic administration type BS, we will get the progress. We need Something that will be for the people, something that's going to be, like you said, the whole liberty-freedom, because the Farm Bill. People say the Farm Bill legalized weed, but it by far has not. It just hasn't given anybody protections.
Speaker 1:It has not legalized marijuana. It legalized the cannabis plant. Thumbs up for you. It legalized the cannabis plant, but it did not allow for all those crimes. And so when you have states like North Carolina where they're saying, oh, this THC is hemp here, go buy it at a store. You lit it on fire, arrest them. They haven't fixed it. You know that's just a loophole being exploited right there. And so I don't like that. And I also don't like when they don't really know how to set up the regulations, or they set up the regulations that they know are going to like fail or they just don't really care. And that's really kind of what I get at the after being in it for so long. I just think a lot of it is they don't really care, um, and and so, like we care, we have to try to make them care or at least explain to them why you can't do it that way, because what are you trying to accomplish here?
Speaker 2:well, you know, as each state, because we have what two, four states coming up this year they're going to be having on a ballot for legalization for recreational use, right. Adult consumption uh, one of the things that I uh, uh ponder for for legalization right, there's gotta be that path for for people to be in business, right, this is what's gonna be. We all want these scheduled. We all want it just completely off and ignored like alcohol, but that is not gonna happen. This plant has a hundred year history. It's a hot topic that always will like. Right now, there's GOP people against it. It's like part of the platform, part of that whole 2020-25 ban porn type scenario, which I don't get. So, like you were saying, the second story you were talking about is the GOP senators claim marijuana.
Speaker 1:Wait, I got a quote from Senator Brian Schatz. Do you know where Senator Brian Schatz is from? No, hawaii, s-c-h-a-t-z. You know he's a local. He told Marijuana Moment that he thinks that cannabis rescheduling goes through, as the Justice Department proposed. Going to be powerfully electorally for the Harris-Waltz ticket. So we might see schedule. We might see a rule get published within the last month before the election, so between October 5th and November 5th. Unless, like Harris is too close or like she's like really just kicking his ass, maybe they don't put the rescheduling rule in. But if they want to use it as an October surprise, they could. They could put the rescheduling thing in at October 15th. Here it is. Schedule one is going to go to schedule three. Care to comment, mr Trump, ms Harris.
Speaker 2:Well, speaking of Trump, though, he's supposed to come out with a statement after he just voted in Florida. Right, they just voted on. Oh no, that's coming up in their. It's coming up.
Speaker 1:But then he's going to vote early and so he was supposed to issue a statement on, I think it's Amendment 3. And then I think it's yes on 29 in South Dakota. I don't know where else it is on the ballot. If you do put it in the comments, let us know where else on the ballot the thing is this fall, because I know it's South Dakota, I know it's Florida Seen missing. After that Maybe municipalities in Texas and Kansas we had some Kansas news coming up during the next ones, but this one. Let's go to the second one, that's the Missouri one. That's our second story.
Speaker 2:Okay, that's not the Missouri one.
Speaker 1:Yeah, that's it. Josh Hawley is. He's in an election because everybody is, and so he is a GOP Senate candidate and he's the incumbent, josh Hawley. And then he's got a who is his opponent?
Speaker 2:I don't know, I don't know, but I know he's bad. I know Josh is bad, I know he's a little, but he's Missouri right.
Speaker 1:Yeah, yeah, I'm just going to. These are Missourians, yeah.
Speaker 2:No, except for Senator Rick Scott. See, this one is the template for the gateway drug bullshit. The GOP senators claim marijuana is a gateway drug as they oppose rescheduling and legalization. And again, this is all part of just how we want progress and how we get there. And how we get there is going to be right now, with the Democratic president administrations right, Like it's happening. Folks, it's going to happen, no matter what. If you're in hemp right now, it'd be a good time to start figuring out how you're going to pivot. How are you going to be part of the plants? You know there's ways for protections, you know.
Speaker 1:Man, this is just a litany of it. And so there's the Senate candidate from Missouri. And then there's the senator from Florida, senator Rick Scott, who made all of his money committing fraud on the Medicare. He thinks marijuana is a gateway drug and he would know something about gateway drugs. He had to resign from the company that he led in florida in the 90s and they settled for 1.7 billion dollars in medicare front. But he is the wealthiest, that guy in the middle that. That guy kind of looks like a serpent and a little like when they say republicans are weird, like you should just look at the picture of rick scott from florida and be like, yeah, that's weird. And so he made all of his money for Medicare fraud. And he's the wealthiest person in Congress, with over $300 million.
Speaker 2:That's nice dude. I mean he does look like a rat penis, but I mean it's just showing their. Uh, there is no seriousness on the GOP side when it comes to legalization. This is the whole point.
Speaker 1:Let's see how Mitt Romney approaches it. Mitt Romney is a good capitalist. He understands private equity and hedge funds and managing a company and a portfolio so that you can acquire and grow assets. He's got a family unit that he manages, but well, he used to. He thinks that rescheduling marijuana is a bad idea, adding that marijuana is more potent than people of my generation remember, and this is a bad decision. Have you ever had any personal experience with it? When asked that question, the senator said no, I've never tried cannabis Classic. They have no idea what they're talking about and they are in charge of the laws. Have you ever done this? No, so you could be wrong.
Speaker 2:Nah, have you ever looked into it? Have you made a lifelong ambition to have legalization? You know these people don't consider this real. This isn't the most American policy. You know, if you're going to be a one-topic person, a one-voter type thing, this is it.
Speaker 1:I think it's the other thing we have to do. We have the high from Germany, we have to use ChatGPT to translate this into German, vietnamese, thai, of course, chinese, just to piss them off, and Russian, just to piss them off, and, of course, german, german, portuguese, spanish. We need to like, as soon as it's possible, or a thing where we can have the channel just be redubbed using like a chat GPT plugin or something through YouTube. Let's do that and go worldwide.
Speaker 2:There is a thing, and I would recommend Hindi too, right, because India's got a huge population.
Speaker 1:Hindi. We got to yeah Vishnu man.
Speaker 2:So for the Democrat platform, you were saying it wasn't mentioned at all. But, coming from marijuana moment, we have Democrats approve 2020 platform, touting marijuana reform and support bashing trump's anti-candace actions.
Speaker 1:So uh, well, you know this is a newer, this is news, so this is something that happened since I looked into it, and so this is out of august 19th.
Speaker 2:They must have updated their platform yeah, well then of course, you know, in the story you got a little comment from canvas about saying the final democratic party platform has no language to point marijuana. So I guess you're right, they don't have any language, but they're touting their, their, what they've done for it. So I mean this is closer than we're ever getting right now. Folks like this is that's well it's.
Speaker 1:Also. They don't care about you folks, and so you know it's. It's annoying that the stigma is this real and so, like you have real stigma against you, we have real problems running the business because of what it is. That's one of the reasons why I'm going to start offering a spicy cabbage business community. Spicy cabbage that can't be weed, can it? No, I said spicy cabbage that can't be weed, can it? No, I said spicy cabbage. I didn't say weed, but it's messed up.
Speaker 2:The fact that you and I are about to sell pot, and it's way different than I thought it was when I was 18.
Speaker 1:I think we are at least six, nine months out from selling pot, probably closer to 12. I mean, like I will be buying flowers for everybody across the street. I'm putting that into the budget for the loan proceeds, and so the loan proceeds will have certain expenses that we need to make to ensure that the permitting and the licensing process, at least at a local level, goes well. You know, we're going to do everything that the state says that we're supposed to do, and if they request any changes, we'll make them Locally. That's the problem. If your community wants to work with you, it'll go faster. If they don't, it may not happen.
Speaker 1:That's why I'm thinking I need to fly out there just for one of these social events, just to be present we really don't have social events, but yes, for the zoning committee meeting, please come on up and then it'll be one of those things where locally owned and social equity I shouldn't have to tell you this. It really helps if you're black or me. Hey man, I'm brown. I shouldn't have to tell you this. I really shouldn't. It would really help if you were black or me.
Speaker 2:Hey man. Hey man, I'm brown. That's a different hue. It's a huge thing, but while we're there, it's 420. Let's take a break.
Speaker 1:Hey, it's 20 past the hour. Thank you for tuning in to Cannabis Legalization News. We'll be back right after this short commercial message. Oh yes, collateral Base has got a week left of Kentucky fun before that window done shut. Grateful that Minnesota shut pretty well a couple weeks ago. Tomorrow and now we have to put Kentucky to. It's not limping to the barn, but you know there's horses in Kentucky and we have to get those apps in and then after that we'll have more opportunities for people. But we need a different brand and collateral base because you can't afford it really Like it's. It's one of those. Do you have any idea how expensive this thing is to start or to even get the license?
Speaker 2:I mean, I'm part of it, right, I'm listening, I'm knowing, I'm watching, but apparently they forget about you. Apparently, you don't exist, but locally on, because you live in Peoria, that's your hometown, that's the only reason. Yeah, and again, I understand your frustration. I won, you didn't, did you apply. Understand your frustration I won, you didn't, did you apply. I don't know, I don't know what your story is or how you've been doing things, but as a fellow American, you know rescheduling would give everybody a path. Right, this happened to be a lottery.
Speaker 1:I think it will really give a lot of paths for the Republican states that are kind of caught in a funk, but you know it's going to be interesting.
Speaker 1:I don't think we have full legalization 28. 28 at the earliest, at the earliest, dude 2030. Yeah, and so, like they use it as a presidential, hey, we're going to do this, we're going to do this. And so they keep saying it. I mean like with gay marriage. Saying it, I mean like with with gay marriage. It went from like no gay marriage to fine, in an election cycle like 2008, 2012, and so let's say we're 2024, we get rule three. So it says schedule three. Here's how it works. If you want to be a dispensary, you have these things. You have to register here, pay this, and then it's like a really easy to copy paste that and put some taxes on it and say that it's now in the schedule in the ust, what's the one? Firearms, tobacco, atf, explosive, they keep adding things. So you put it into that and then it's just pay your taxes, follow the rules, pay your taxes. But I think we need that. Four years of here's the rules, maybe eight years, but no more, nate.
Speaker 2:You know what this is going to like. I think you're right. I think you're right. But when we say 2028, 2030 legalization, we mean the kind where there's no, it's just much ado about nothing, right? Like when you come to Seattle Hemp Fest and there's 300,000 people just smoking pot and walking through all day and I'm like, and you thought it was amazing, right? It's kind of like when I first walked into my.
Speaker 1:You get tired yeah.
Speaker 2:You're like this is just mundane, this is just fucking. I mean, that's what we're doing. We're just sitting here, I can do this at home. I mean, I want to do this at home. This is the whole point, but like if it was a I need to get my steps in. Community, but it was something that, like, legalization is a much ado about, like some people just having personal rights and going about their day and not just being fucked with, and I think that's the point of legalization will hit in 2030, 2028.
Speaker 1:Whereas rescheduling could happen next year, right, but, like I think I don't think Congress will do their job. So I think the rules, like we need rules, we don't have rules, you're not going to get a deschedule, and so, like, the first rules at the federal government are weeks hopefully not months, but weeks away, and then we'd have rules, and then after'd have rules and then after you get used to those rules because then it's Schedule 3, so they'd have to have the FDA do something or Congress would have to pass a law and say, okay, now that we have these rules, let's create this new thing over here in the ATF and make it the cat like move the A and the T and put the C first Cannabis, alcohol, tobacco so cat-if, firearms, explosives you know cat-fay.
Speaker 2:Ooh, that'd be better. But yeah, I mean, it's about the rules. This is why we're about the policy right Like this is how we're going to get legalization. It's like they're getting their license. It took a fucking year. We won and then a year later, uh, and that was part of my frustration about here in washington state when legalization happened was when I tried to apply for well, when the original rollout happened, all these requirements about having property just were beyond my capacity. Right, all I want to do is put my name on a thing, say I'll have a store. I couldn't even tell you what potential I could do be a grower or store owner. It was like a lottery when it came, like the randomness of how these policies get laid rolled out state by state. You need deeper pockets or a longer plan.
Speaker 1:It's not a overnight success oh my god, now imagine you were doing a rollout of a medical state with zero patients. Oh my God, yeah, yeah, just hey, it costs the same to build it, but you ain't going to make shit once it's done. And so they, the South Dakota. We may talk about them later today. They got it on the ballot, I think it's question 29. But right now let's talk about Kansas. Yeah, kansas is trying to legalize weed with the help of a former federal prosecutor.
Speaker 1:When you're reporting that Kansas might try to legalize it, you know that this is getting toward the end states. And so if suddenly the law of the land federally was that it's medical marijuana, all these states like Kansas, nebraska, idaho, all the eyes except for Illinois, for some reason, the ones that are really like, hung in there. And then there's now here's how you can create medical cannabis through a lottery. And then they just adopted all I did not Ohio what Kentucky is doing right now, and so Kentucky could export medical cannabis to the South. And then you have to phase it up and legalize it. So Kentucky has done an exceptionally great job at not giving out too many licenses. I can't say the same about Minnesota, I can't say the same about New York, or can't say the same about New York or South South New York, new York or New Mexico either, or Michigan I will talk about that later Like how many cannabis applications are up, there's reasons for it.
Speaker 2:I would just like to say this is where we differ. We're, like Tom's, a big fan of limited licenses. I think there should be a limited, and that's where I think rescheduling will come into play. I think rescheduling will be well then it'll be on a state-by-state basis.
Speaker 1:No, you're talking about a license. When you're talking about a license, you're talking about a privilege. When you're talking about a privilege, you're not talking about a right, and so, like unlimited licenses is approaching it like it's a right. It's not like it's approaching it like it's a privilege. And so when you approach it like it's a privilege, then it has to be a limited state, because you are going to require these people to do crap you don't require of right-based businesses. Like if you're going to make a lemonade stand or even a brewery which is still a privilege you still would have to get a liquor license then, and that's kind of where it comes down to.
Speaker 1:So if you're going to put cash handling, recall, security, lighting, do you have to have a union? Do you need to have all those things? Are you going to require all that? That makes it exceedingly expensive to operate. So if it makes it exceedingly expensive to operate, now you're going to have no industry. Everybody's just going to keep buying on a black market because you have bankrupted your own industry, and so that's kind of the California's policy problems that they have and and does anybody care?
Speaker 2:No, but you know the, the, the contrary to that. Just this this would be on the opposite of an unlimited license, right? Because, yes, it requires all that baggage that you're involved in. So you would hope anybody entering into that business or a business is going to be already with attention, meeting all these specs, meeting all the requirements, security, whatever it is. So it's already part of the job description. So now, when you involve unlimited license, is there a limited license in alcohol sales? No, it's the quality of your store, right?
Speaker 1:or no, they can deny you a liquor license?
Speaker 2:yeah, you can be denied, but is there a limited like?
Speaker 1:is there only yeah, that's a limit, that's a limiter right there, and so it's a privilege. And so the the limiter of a liquor license and limiter of a cannabis license ain't the same thing, it ain't, and so like that's. The thing that I kind of get back to is like we all want it to be ideal, but we're in the real world, right, so take what we have and then try to move it, move the policy goal to the next level and then move the goalposts down and try to get to that next policy goal. But that takes, uh sure, dreams of a larger goal, but then pragmatism as to like we're here, do this, then we're here, and so that's why I get, that is why I get the most pissed off at the hemp people because we were, we were like moving the policy football down, and then they're just like say it's all legal fuck I mean.
Speaker 2:I mean ideally right, but see, that's the great thing about hemp, as much as there was, besides the farm bill that happened before that, there was the pre-farm bill, that one where there was a smaller contingency of people growing.
Speaker 2:You remember Charlotte's Web and Roundwood Caring right? These were the early of the medicine type people in business and it eventually showed that this is medicine and it can be done right. But it's also messed up that it was such a limited faction. Now the second Farmville just released a Kraken, but it's still the fucking same plant. That's why I was saying, like you know, when rescheduling happens, champ has to happen right.
Speaker 1:The canvas, let's, let's make sure that. Is it the plant or is it chemicals? Because if it's the plant, thca flower Now if it's chemicals Delta 8, delta 9, thca all those could still be chemicals synthesized through chemistry from CBD and then sprayed on shitty boof. That may not be safe. Sure, yeah. And so we have a Wyoming case out of a federal judge dismissing a challenge to Wyoming's hemp ban. That was out of Gondrepreneur conservative-ass. Wyoming Federal judge dismissed lawsuit challenging the statewide ban on intoxicating hemp with prejudice. So it ain't coming back, it's going up to the appeals court.
Speaker 2:Does Wyoming have a medical program? Absolutely not. So I wonder what they're, you know? I mean maybe they're waiting for the, maybe they just really hate weed period. Correct, because I think they can gain. I've been to Casper Wyoming and I've gotten weed out. There there's consumption, but it's mostly a barren area of just like truckers and shit going through.
Speaker 1:I mean, I'm not talking about Jackson Hole, jackson Hole's for like coked-up billionaires.
Speaker 2:Oh, yeah, yeah.
Speaker 1:I thought there was a place in Wyoming that's supposed to be kind of like hippie-ish, just kind of like how there's Asheville, north Carolina. What's that hippie town in Wyoming?
Speaker 2:What's the madness? Why are they even trying to hate hemp? How is that even possible that they can ban a federal legal? How are states able to regulate against the thing if it's nationally legal? Do you know that Batman?
Speaker 1:It's not legal. We've been talking about this, and so some lawyers.
Speaker 1:I don't agree with them and like and I'm also guilty I gotta give them hundreds of thousands of views of my videos going like yeah, it is, it's legal and so that is one person's like you know a spin, uh, who's a lawyer on, uh, the legality of it, but then I argue the exact opposite about why it actually might not be legal. A way more thumbs down and less watched video, by the way. So like arguing why hemp is legal and thca is legal, yay, big thumbs up arguing the other side oh no, no, no, no, no, no. You can't do that big thumbs down.
Speaker 2:I think CBD companies like the early on the beginning of legalization. We're just kind of witnesses of this whole thing. We're still in the middle of all this shit.
Speaker 1:We still haven't even like fixed the hemp loophole. We still don't have like hemp and cannabis or marijuana, like what is what. All that shit's still kind of murky. But then we're going to get rules and then we're going to have two sets of rules and so I think, like once those rules are there, congress doesn't have to do its job anymore. It's been done. Somebody made the regulatoryric and then they just take it and they put it in and they make it a bill and they add some tax and they call it the Freedom Act.
Speaker 2:Oh geez, I know Congress is a fickle bitch in the sense that it's never going to create legalization that we all want and believe for right. You're here because you love this plan like we do want and believe for right. You're here because you love this plant like we do and understand that it's not all the bullshit. And you know it's funny too, because you started this channel intentions for your business, right, and so we really do mingle with some fancy people who well do.
Speaker 1:But also just the average citizen. We are going to get Kyle. We need to book Kyle.
Speaker 2:But the average citizen, that's who's making this happen. I know you're good, so it's like Ohio. You know how Ohio did it, by county, by county, no it didn't Huh.
Speaker 1:It was a ballot initiative.
Speaker 2:No, but I meant first you changed the public's opinion, right, how, like in appalachia, normal, we had them on, remember. And then they, they talked about they're going to. They had a plan, you know, and this is the plan. The plan is the reschedule. Right now, like ain't nobody doing nothing for this plant, for you and and for uh, that's right end user. You know, the the balls rolling with rescheduling. That's it, that's what we got.
Speaker 1:People are doing it for cash and they're also hopeful that people don't find out. They're doing it for cash.
Speaker 2:Well, yeah, I mean that's, You're talking about a culture thing too, right? The whole trapping bullshit, right? I hate encouraging, like I understand. This is where we.
Speaker 1:Trapping is not the industry.
Speaker 2:Well, my thing is too, but like to have like advice to fellow men and people. It's like to kids, right, it's always about to save the children.
Speaker 1:Well, somebody please, if you're watching thumbs up like subscribe, if you're watching thumbs up like subscribe, because you're thinking about the children.
Speaker 2:But if you're 18 to 30 right now, I want you to like and you're trapping, do you know? Like successful old trappers, like that's all I do, because they're not famous. That's not how that works right and it's not a thing. That like, it's like the American pretty much way, which is going to be like you're going to have to pay taxes, you're going to have to follow rules. It's not fun, you know it's not. It's not a hustle, you think it is. You know that cool slinging type shit.
Speaker 2:You know what I'm saying yeah, we're going to go to one that's 35 minutes past the hour.
Speaker 1:Well, I guess we're. You know what I'm saying. Yeah, we're going to go to one. That's 35 minutes past the hour. Well, I guess we're actually just at 30 minutes past the hour. So let's do the hemp-derived intoxicants All right. I don't think we need to talk about the little tiff going on in Missouri. It's a little political bitch fest. That's what we think about Missouri. Sometimes it's a little political bitch fest, other times fucking awesome Like great industry. Still a little political bitch fest sometimes. I expect it better from a. What's his name? Ascroft, not really, I guess he knew his father. So anyway, analysis of hemp-derived intoxicants frequently mislabeled and contain elevated levels of pesticides. Not really, I guess he knew his father. So, anyway, analysis of hemp-derived intoxicants frequently mislabeled and contain elevated levels of pesticides.
Speaker 2:This is out of normalorg. So uh was it. They're just uh not made tested properly, you think? Huh, I don't know, I didn't even read this one.
Speaker 1:That's one of the reasons why I think we need to update our policies and protocols for making it easier so then we could just Imagine that you had cue cards or something like that. Wouldn't that be easier if it was just like talking points?
Speaker 2:I was saying, I was saying well, let's read together, so analysis.
Speaker 1:Feed this straight to the AI.
Speaker 2:Intoxicating products typically contain greater quantities of THC, so let's talk about the THC potencies, Not levels and elevated pesticides. But you know this goes back to regulation though too. Man, Like with the hemp industry, it's still kind of like you can sell gas station weed and get away with it. Nobody's coming from these farms, the processors, you know, unless something like the. Remember the popcorn lung scare a couple years ago? Right, All the black market weed. That was actually the vitamin E acetate that was creating this, because they weren't part of a regulated system, though people thought they were buying it from a regulated system pesticide contamination on 15% of the products.
Speaker 2:I mean that's, there's ways that we can do this. Where we don't have this, you know, there's a reason for recalls most products don't match cannabinoid levels on their COAs.
Speaker 1:Can you imagine that the COAs are bullshit? What? No, but that's you know. Those products don't match cannabinoid levels on their COAs.
Speaker 2:Can you imagine that the COAs are bullshit, what? No, but that's you know. People are riding that wave dude. People are thinking you know, good on you, I guess, if you can get a hustle out of this. But also, you're not doing the community or cannabis any favors, right, you're not doing this plant, I mean you're making a buck.
Speaker 1:We got South Dakota news. South Dakota news. This one is just. The administration is important in South Dakota. Do you know who the governor of South Dakota is?
Speaker 2:No, oh, is it. No, oh, is it. Is it the lady who?
Speaker 1:kills dogs. Yeah, is it Gnome? Oh, is it. Is it the lady who kills dogs?
Speaker 2:Yeah, is it the dog killer?
Speaker 1:Yeah, it's Kristi Gnome, it is Well, she also pulled back right.
Speaker 2:Oh, she sued, Didn't she sue the state for the dog killer?
Speaker 1:Yeah, she overturned it the last time and so they're back at it again. Saw some people? Yeah, it was last weekend. I got to meet some nice people from South Dakota. My brother-in-law's hometown of Yankton has a dispensary in it I think it's what it is and yeah, saw some owners from South Dakota Million people there, and I hope that they legalize it again. Did you know that there's only 13,000 cardholders in South Dakota? A million people there, and I hope that they legalize it again. Did you know that there's only 13,000 cardholders in South Dakota, which is approximately 1% of the population, Wow.
Speaker 2:But you know what's even funnier when you say that this article comes from Gondrepreneur. South Dakota increases medical cannabis license fees 70%, dude. So your brother-in-law is about to pay 70% more just to stay in the game.
Speaker 1:No, no, no, he doesn't own it, he's from there. He lives in Tampa now. Oh, okay, but they are going to raise the fee to nine large, from 53-10. And so they're trying to, you know, have them in. They don't approve of what their people want.
Speaker 2:Money grab. That's horrible.
Speaker 1:No, it's just, the people want it and the people in charge say no. The changes are going to create $350,000 in increased revenue in the first part of the year and $490,000 increased revenue in subsequent years, and so they're just taking more of a tax. The feds, not the feds. In this case, it's's the south dakotans. They want more of their beaks wet, even though they hate them yeah, that's unfortunate dude.
Speaker 2:That's just a money grab. I see you know from the state, correct? Yeah, you got a cover for entrepreneur report. Uss Canvas license application rates are up for the first time in two years, so this is more of a game.
Speaker 1:Oh, yeah, yeah, yeah, yeah. And so applications are up. But you have to remember so are lotteries, and if you look at the number of applicants that went in Missouri and Illinois and Minnesota and Maryland, ohio was not a lottery, I, that was dinky. Next year's Ohio, and so that's probably one of the reasons why retail dispensary license increased or at least applications 445% during Q2 2024. That is what I like to call a misleading statistic. 99% of those 445% more applications will fail as it's a lottery base.
Speaker 2:And again, kids, if you want to be in this weed business, you got to think about what you want to be. Are you going to be a grower? The whole lateral thing is not one individual thing that can happen. Right. It takes investments, it takes the property, it takes the plans and meeting city requirements right.
Speaker 1:It's not but it takes eligibility and winning a lottery too. Well, just the business in general. That's the messed up shit. Though, All the business in general, right, If you win the asset, great Talk to me about the business in general. But first I have to win the asset and to win the asset, Great Talk to me about the business in general. But first I have to win the asset and to win the asset you have to be eligible for the asset, and then you have to apply for the asset, and then you have to win a lottery for that asset, and so okay, you've won. You are wholly unprepared for the asset.
Speaker 2:Oh yeah, well then, that's part of the argument. Right With the social equity is a lot of this has been taking advantage of people who, which I, I hate. The uh other side of looking at it is it looks like people who qualify for social equity. Uh, are just bad at business, right. They just they don't have experience or whatever there is.
Speaker 1:But well, many okay, most businesses fail a. So, like people that go to business school, screw up. Donald Trump has declared bankruptcy several times, and so you know you really can't fault them for being base rate, just like most people at business aren't that great at business. But how much, okay, how much work, like I understand, like, like putting in work to like be a professional football player who wins the super bowl, I have to achieve something based on my physical prowess and skills. Now, um, they don't really have that type of competition for people that have to win the lottery. If you win the lottery, it almost seems like chance luck, it just happened. But that's how the cannabis industry is set up Chance luck, it just happened. Well, it should be.
Speaker 2:I question, like your original KPA, I still hey Illinois, I appreciate it, I'll take my license please. But I don't question the fucking first rollout with KPMG Like I sense shenanigans with all those winnings, but you know.
Speaker 1:RSM did ours, they did great.
Speaker 2:They were awesome and tell them.
Speaker 1:they're good guys. Really still, mcgladrey, I think, is what it stands for we should look at RSM. I don't know how many of the big four and beyond consulting firms are you familiar with. You know, but it's just the industry that I'm in.
Speaker 2:It's like yeah no, I get it. You're like that's the business side of things, but let's look at what we'll be selling man.
Speaker 1:Hey, let's see what we're fighting for. Here we go.
Speaker 2:T you go. This one's a. We got a really cool little hint for you guys. Oh yeah, yeah, check it out. You want to hear it? Will I'll hint for you, okay that no.
Speaker 1:That audio failed, and so, whatever this hint is, it may need to be described. There it goes. Do you hear that one? Okay, here's the hint is it may need to be described. There it goes.
Speaker 2:Here's the hint again. Nice, that was it. This is after a toy from my childhood there you go Toy from Moody's childhood.
Speaker 1:It sounded like a cartoon laugh or something.
Speaker 2:Yeah, yeah, the Indica dominant hybrid marijuana strain.
Speaker 1:Oh, the parents of this one are really famous old strains from like more than 30 years ago, or at least 30 years ago. When it comes to Chem dog four, technically I think chem dog four was from 1991. Northern lights hayes is the other parent. That was from the 80s, I believe, not the 70s but the 80s. Um, so yeah, chem dog number four crossed with northern lights hayes and whatever that insane clown weed. No, it was not that, not that. I'm going to see if I can try to get this book better.
Speaker 2:It's funny. You say the origin. There's some older strains, which probably is why it's named after a time period. Almost it's a cartoon, it's a toy. Hang on a second.
Speaker 1:I think I got an idea here. Let me just here is another, another little hint. I'm going to be careful about this because I don't want it to share the okay, oh, and then also share audio tab audio. Okay, great, great, yeah, yeah, space ghost. No, here we Tab audio. Okay, great, yeah, yeah, space ghost. No, here we go. By interest to this planet. The Autobots have sealed their own doom. Here's a way to keep you alive. How do I go back? There's more than meets the eye. Here we go.
Speaker 2:Yeah, we didn't get flagged. There wasn't some sort of copyright. There we go.
Speaker 1:That's why you have to have it in fair use. So I really hope it said GIF Memes Him laughing and it's over, as opposed to. Why is this episode continuing? For the memes YouTube For the memes here we go, here we go, here we go, here we go. We got a Megatron. Randy Austin had the Megatron at the Scooby Snacks. Not that, yeah, it's a Megatron, yeah. And so that was that evil laugh that you guys were using. That was a Megatron laugh. I heard that and I'm like I have no idea what the heck that is. Man, I really thought I was just going to have a clip on YouTube.
Speaker 1:So it's going to be like just that laugh and I hate when that happens. Hopefully we don't get clagged for it, but we're 43 minutes in. I don't think so.
Speaker 2:No, we don't get flagged for it, but we're 43 minutes in. I don't think so. No, thank you, herculaneal and everybody else that says they love us. It's weird that we it's a stream, it's a show, it's a podcast. It's you and me and people hanging out. It's just fun. I think this is how we make change, man. I'm telling you, this is how we make change, man. I'm telling you, this is how we're a lot forward than I ever was. Right, I thought we could be, with this rescheduling and the whole Democratic Party making it part of their agenda, which, hell yeah, it's better than 2025. Got some shit I wasn't expecting, though.
Speaker 1:Okay.
Speaker 2:All right, you want to get the little. A decade into states legalizing marijuana, underage use has plummeted. Coming from the Hill. This is an opinion piece by Paul Armato, who's former of Normal hey, we're missing, tom All good. Those wedded to the status quo of cannabis criminalization have long warned that legalizing marijuana will result in increased adolescent use. But 10 years following the first state's decision to legalize and regulate adult use cannabis cells, data conclusively shows that this this, their fear was unfounded. In recent day, federal researchers have released a pair of surveys confirming that teen marijuana use has declined sharply over the last decade during the same time in nearly half of the United States. So under no shit Sherlock news, legalization has not changed the world, burned down the society, and you know I live in Washington State, one of the first states to legalize it, and you know we're doing pretty good, despite what the other side tells you.
Speaker 1:Well, that's good, I had run out of Coke Zero so I got an orange cola. I don't think they call them orange colas, orange sodas, pep, okay. So, yeah, isn't that fun though that like, hey, they legalized it and teen use went down. Are you telling me like that, what are they? What's? There's an effect and there's a name for this heuristic forbidden fruit effect, something like that, where it's like oh, don't, don't hit the red button.
Speaker 1:I have to now hit the red button, and so the concept, the marijuana prohibition, writ large, just like don't do this, don't do it, has people want to do it. But you legalize it and you go oh, grandma, oh yes, ooh, hmm, I need that for my bones and the pain. And where's your card? Where's your card, sonny? And so you've made it legal, so it's no longer forbidden. You've tied it to old people in pain and you've card it legal, so it's no longer forbidden. You've, you've tied it to old people in pain and you've carded them. And you still fucking call it cereal, milk and like other weird skittly fruit things. And so like it's like come on man, how much of like the industry is still like, predicated on that illegality culture where they try to like make it sound like it's like cookies or some type of fruit candy type thing which is not medicine or medicinal. And then Cheech and Chong they don't care.
Speaker 2:There's still a grind. There's still people doing things not only to survive but to also propagate the plant here in Washington State before it was legal in any sense. I know a gentleman who grew very well. He didn't smoke himself but he was a very good grower and had a network of people paid for a house. This guy passed on and his daughter has a house inherited, all legal. Somehow he covered his money and made it all work. That's the whole purpose of like making this regulated side so like you don't have to live in like some sort of weird shadow, like that's why I think like the branding thing yo, that that's cool and all like like I get street names and all that shit, but like there's gonna be a level of legalization where you take that thunder out. It ain't't gangster to fucking smoke weed or whatever. It ain't gangster to get caught or whatever the case is. This whole alpha bullshit it's not just recent years, it's always been. If you put business in the right way, there's a way to do things.
Speaker 1:I have never met a trapper, with an HR department Just saying and I'm sitting there, like I'm sitting there modeling numbers and cash flows and going like if this shows up, we are going to definitely be hiring an HR consultant to be able to set up these systems and processes that can be duplicated in other locations and so like that is business, boring, systems thinking bullshit. To like be able to grow your, your reach, and it's not just money and cash to you.
Speaker 2:And it shouldn't be scary, right, it shouldn't be for people who do want to be adult and a grower for people who do want to. You know, start as that, whatever one. That should be an option for them. That should be the thing that they can try to do, cause that's the American dream is to. I'm a really good at green thumb, so I will invest in buying this warehouse and I will buy all the dirt and lighting and shit, and now this is my thing. But like, that can only happen in each little state right now. You have to have seriously, seriously deep pockets, right and with the banking, not behind anything that there's, just like it takes a unique person even like get involved in this motherfucker in the first place, right, you gotta have some passion. I would hope some people do see a quick dollar and flip, and you know those are just who you try and avoid doing business with right and that's, I think, with brand.
Speaker 1:That's where you're going to play yes and no. I mean, like, one of the rules of business is don't lose money, you know. So somebody's going to be like get out.
Speaker 2:Well, then you'll have this return and they aren't wrong, you know, yeah, no, I mean there's a thing about buying low and selling high and all the other rules of thumbs, you know. But there's also rules for gambling, you know.
Speaker 1:You double down on 10 and 20 and no, god damn it, those are not rules and so like, with the exception of ed thorpe's beat the dealer who was, like, actually integral in the options pricing algorithm. So if your mathematical level is there, I am not talking to you, I am talking to the other 99.9 of humans and so, uh, that is not a thing. Gambling is not businesses or systems or anything like that. That is, the house always wins, and you're chasing a dopamine rush of like yay you, but there's a new Gallup poll, by the way. Yes, sir, did you see the new Gallup poll out of Gondrepreneur Yep, cannabis is less harmful.
Speaker 2:Than alcohol, tobacco and vape products.
Speaker 1:What? That's what they perceive. That is what the public perceives Cannabis less harmful than alcohol, tobacco and vape products.
Speaker 2:I think that could be an official study too, as far as, like, if general population sees nothing wrong with something right. This thing has been in movies and society jokes about it, like it's like the butt of jokes and this is why it's such a severe issue. Why, if you're going to go to the polls and why the rescheduling ball rolling that the Democrats have started have started. Like this is real legislation, this is real infrastructure progress, things that help people like below 200k right, like I don't know why, like there are, uh, what is it? Like people who are republican, I see, are like vegans for, like the slaughterhouse, you know. Like you know, let's go cow.
Speaker 2:I just don't get what behooves the general population the American way Overall, if you hear my voice and I make you your stomach curl because I say Trump's a ding-dong, but at the same token, I hope your life is good and I hope you don't go to jail. For that to happen, this fucking thing needs to get rescheduled and there needs to be like a platitude that happens right, there needs to be rules, and then those rules need to.
Speaker 1:How quickly did we get just over our phones? It's like who the fuck cares? But there will be like an accumulation or an acclimation period to, uh, uh, schedule three. That I think will go real fast. And so this rule, if it gives us here's how the cannabis industry works, according to the feds uh, just how we did with, like, hemp, it could then get to the next level and then, just like it happened with hemp, the law could change in five years. And so that's kind of what I think is going to happen. It's going to go to schedule three.
Speaker 1:We're going to have rules and then the fda could change and like because, like, it's still going to be illegal. So do you make the fda change the rules or do we just drop it, based on the system that they created, and then you evolve it in congress, but then 60 and so like now you have to see, like all these, all these, like red states, all 12, 14 of them, whatever, they have to get medical weed into their state so that it's making money, and then they're like okay, drop it but it sometimes the dropping is not so easy because, like and we'll talk to it later about Florida, but like I think sometimes I feel like I should have you know, like how football players have like plays, you know like the play board, whatever.
Speaker 2:That's what we need for legalization, right, because we inevitably want a federal one where everything's, you know, hunky dory, but to get scheduling still. But in the process people still need the state-by-state right, like in Florida. The only people pushing back even the hemp people are saying no on that pro-amendment because of the no-home-grown shit. Fuck, take what you can get. Is my point being it sucks. I don't have a home group. I haven't had it here in 12 years in Washington.
Speaker 1:Politics.
Speaker 2:Yeah, but it's priorities too, Priorities of legislation, you do have it.
Speaker 1:If you want to get your medical card, you have it. That's the other thing. It's like an adult doesn't have it, but a medical adult does.
Speaker 2:Yeah, that's what we're trying to like Eventually. Eventually everybody can just go to the store Like they can buy a six pack or whatever, or whatever, like I do already presently in Washington state. Meanwhile, you know, morocco we got some international news, should we get?
Speaker 1:that yeah.
Speaker 2:Morocco issues 5,000 international news. Hell yeah for cannabis. 5,000 pardons for cannabis farming. Morocco's king this week pardoned nearly 5,000 people convicted that were wanted charges related to illegal cannabis cultivation coming from God's entrepreneur hell yeah, progress, this is how you make progress. Thousand people convicted that were wanted charges related to legal cannabis cultivation coming from God's entrepreneur oh yeah, progress, this is how you make progress. Pardons actual rules. You know Shit, dude. That was the last one too.
Speaker 1:Hang on a second. Yeah, I've fed up. Two more on Florida. And so the Florida stuff is in effect because it's coming, and so we have one out of the Orlando Sentinel. And then how can you tell that this is a politicized thing? Well, you can just look at the actual title that the Orlando Sentinel has on their report here, amendment 3. And again, this would not be all that, did not add it. Okay, will pot legalization spark a stone-driving epidemic in Florida, as if the hemp isn't getting them stoned enough?
Speaker 2:I'm telling you we need a reefer madness bumper. This is the bullshit language that I'm telling you. We need a reefer madness bumper, because this is the bullshit language that they're fear-mongering. One of the things here in Washington State was the DUI thing and it's like how do you stop? How does a cop know? It's like, how do they know? Now, there's never a magic line all the time you can have Welcome to real life Ooh, but yeah, no.
Speaker 2:welcome to real life. Ooh, but yeah, no, that's just sad. I thought I had one more for you that I was going to share. Here's one oh no, not this one.
Speaker 1:That's the wrong one. Oh look, share this tab. Instead, pads the internet. It's made of ads DeSantis in the middle of the Florida feud, pitting marijuana against hemp. This came out of the Washington Post recently. Being August 25th, which was today, by the way, brandon Gomes Dispensary smells tropical flavored gummies and smokable hemp under names like ice cream, cake and lemon meringue that promise a relaxing high and pure bliss. So that's Trapper Weed right there. Like these hemp shops are like a lot of the crap that comes out of California. It's all about making it appeal to like, you know, ice cream and cake and candy and bliss and all those things. You're just feeling good, as opposed to to having some type of medical bent for it or that it's over the age of 21.
Speaker 2:The stigma right, it's all part of the stigma.
Speaker 1:They're politicizing it and so that's what it is. And so he's just saying I'm going to put this against this Because this you're still under my boot heel, like I can arrest you at any time. You're just saying it's legal because of a BS loophole that maybe we don't enforce unless we're Wyoming.
Speaker 2:And they're like but medical is not legalization. Medical is an affirmative defense. Medical is just something that in an actual court. One of the things I wanted to add that I just remembered there was this video by this guy, liger420. He covers that gossipy news he's got.
Speaker 1:Carl. Carl is Liger420's. He has this Carl. Carl is Tiger 420's. He has this story. How can you hate him? He likes Carl.
Speaker 2:The story he just had right now Dopajola.
Speaker 1:I thought it was off the screen.
Speaker 2:I started to. I want to get into the conversation. Dopajola met with YouTube, google people and so like there's actual representation now maybe, perhaps, fingers crossed for people who do want to post smoke.
Speaker 1:We do not have dope as Yola numbers like. Dope as Yola numbers are like bazonkas and so like let's get somebody who's 20 and then hope. But then the problem also is this is policy Like, even like, if we could abstract to like what's going on at the national level. No one cares there. So if no one's talking about this shit, I meet the press Nobody's going to care about your channel.
Speaker 2:Well, and that's why this kind of representation right, it's the kids, right the, the social media influencers. These are the social media influencers. These are the ones that hopefully he's getting something in his ear right now and there could be some real policy that we don't get flagged as much. Maybe we'll be more taken seriously and all this other stuff, who knows? Fingers crossed, just know it's out there and thanks for hanging.
Speaker 1:Yeah, oh yeah, thanks for hanging. We are out of cannabis legalization news for the week, but we'll be back next week with more. Is that going to be our labor day? Special is that. Are you going to be on tour? I'm not, I'm not going. I am not going anywhere else except for st louis and chicago. Like I think that's just going to be my new uh haunt, because st louis and chicago markets are big enough, and then I'll get to kentucky and um minnesota and missouri. I've already mentioned missouri at st louis, and so like I'll get to kentucky and um minnesota and missouri. I've already mentioned missouri at st louis, and so like I'll do the midwest as it turns on nice nice man.
Speaker 2:Yeah, no, I'll be here, right on.
Speaker 1:Catch you next week, everybody, and if you're a member of the show, you make the credits. Thank you next time, hell yeah.
