Dispensary Inspection Passed + DEA Registration Window, Schedule III, and State Cannabis Updates
The hosts discuss their Illinois dispensary passing its regulatory inspection on the first attempt, share examples of required compliance fixes (signage, plexiglass barriers, door relocation, and added redundant cameras), and describe setting up a punch-card rewards program integrated with Dutchie to prevent fraud while aiming for a smaller, fresher menu. They cover a DEA registration portal expansion limited to medical license holders and debate a “self-certifying medical use” approach as federal Schedule III efforts progress, including House action to allow VA doctors to recommend medical marijuana to veterans. Additional updates include Georgia’s Patients First Act expanding qualifying conditions and changing caps, Arkansas tax implications tied to 280E, Susan Collins urging FBI help with illegal Maine grow houses, hemp beverage retail trends, ATF form wording on medical marijuana, a BEA memo on tracking illegal activity alongside legal markets, and a rundown of popular U.S. cannabis strains.
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1 SPEAKER_00: What are up?
You're tuned into the number one podcast for cannabis law,
policy.
And then Megan, I like to rant because it's bull crap.
Now, every week we send the stories that we're going to do
and notice when we go live on YouTube to our email
subscribers.
You can become one of them by scanning that QR code with your
phone and signing up for our newsletter.
This week it ends May 17th.
Quite a few little stories are coming in.
Some are federal, some are around the states, and um we got
10 of them.
So let's get into those.
Okay, my mouse is having a little bit of a stroke.
Because I'm at a graduation.
SPEAKER_02: In life.
But like the whole like I and I think you remind me sometimes
when we talk about our what we've been doing here.
We we're not journalists, but we are we have been observing
legalization for a long time.
Like that's decades.
Decades.
SPEAKER_00: So it's like if anything, we are the authority
on top of things, but like we're just two average citizens who
authority pass their cannabis dispensaries regulatory
inspection in Illinois on the first go.
SPEAKER_02: We're getting there, baby.
SPEAKER_00: And tell the people that, and so we should probably
get to our first story, which of course is that we passed our
inspection on the first go.
No, it was Wednesday.
It was pretty, pretty rough.
And so, Mickey, you had up the the pictures that I shared with
you, and so we've already fixed a lot of the compliance issues.
We can show our viewers how compliance works, which is
pretty hilarious.
And then we do have a DEA story that's out where they're just
expanding.
I'm gonna after we cover that, I'll give you my little it could
be true that might work.
Hack that I think we're gonna do until everything's in schedule
three, just to make it defensible.
We don't we haven't done any business, we don't have to file
our taxes until the end of the year.
But there it is.
That's one of the compliance signs.
And so some of the signs aren't that size because they didn't
say it had to be that they wanted us to do that, but not
that picture.
The the ones with the that that okay, I don't know, then I'm
back.
But that was one of the issues that we had to fix.
We had to put that plexiglass on there and then those signs so
that people could not reach around and open that particular
door.
But that was a pretty quick fix.
That one's good, and then go to the next one.
We had to move a door, okay.
SPEAKER_02: So there's that one's like I mean when this
image share file thing, which makes it a lot easier.
I don't know.
SPEAKER_00: I just gotta yeah, but isn't that stupid?
I don't know.
Oh, there that door did not used to be there, and it used to be
like further back in, and so now that door is moved, so that is a
bathroom marked private, and so it no longer needs to have a
camera in it.
We do have to put another camera in that room so we have
redundancies in that room.
We need to put another camera there, and then we need to put
another camera in the vault so that the vault has redundant
cameras as well.
The term a phrase redundant cameras does not exist in the
control of the CRTA, the cannabis regulation and tax
acts, unlike you know Meggie Nars's definition of qualified
social equity applicant, which DCO does not agree with.
And so, like, if we would have gotten that$245,000 loan from
the state of Illinois, we would have fewer creditors than be
able to open better.
But evidently, we're not social equity, even that which makes no
sense.
Like, you cannot get this license unless they qualify you
as social equity and you win lottery.
That's all right.
Next Sunday, I'll have that lawsuit on file.
Like I already have it drafted.
I just can't believe I have to file it because like I've sued
the state of Illinois so many times.
Anyway, let's talk about what else is going on and campus
legalization reform.
And I'll give you a little chestnut after that because I
want to it there's a couple of videos, and I want to get done.
It's just that I don't have the time because this the store's
not open yet.
SPEAKER_02: Well, here's here's what I've read.
This is what this is I think we're gonna get a lot of
questions on because of this topic of uh the DEA right.
Oh, hey, low, wrong one.
Oh my god.
This is the problem when you start when you share an image
and uh you give me too many tabs, stream yard.
Give me too many tabs.
But, anyways, the DEA registration uh window opens for
cannabis operators.
Do we qualify?
SPEAKER_00: No, damn it.
And now they're gonna start the portal for because they started
the portal for the dispensaries only, and now all their uh other
ones are catching up.
So analytical labs, distributors, manufacturers,
those ones are gonna have a new publication coming up where they
can also apply to be registered with the DEA and then be
schedule three and federally compliant with at least the
controlled substances side of the two laws, like the
Controlled Substances Act and the Food, Drug, and Cosmetics
Act.
Still no compliance there, no interesting commerce.
But this is what I'm gonna be doing a video on, and I think we
should do.
First, we got this is one of our loyalty cards over at the
dispensary.
So it's a punch card system.
I'll tell you about how we don't get defrauded on that in a bit.
But we should have some signage that says all of our customers
are self-certifying they're buying this for medical
purposes.
SPEAKER_02: All use is medical use, anyways.
SPEAKER_00: All use is medical use.
SPEAKER_02: Yeah, it's this is semantics at this point, no?
SPEAKER_00: Oh my gosh, arbitrary and absurd, and so
like arbitrary and capricious, and so not since arbitrary is
absurd, but we are talking about the same exact plant.
You could have the literally the same plant, like let's say it's
a clone.
You know, why not?
One clone from the mom goes into the adult use pipeline in the
state of Illinois, and the other one goes into the medical
pipeline, exactly the same.
SPEAKER_02: Well, and then let's add something else in the mix.
Let's just put a dash of that CMS program, right?
Like, this is we're we're in the twilight zone right now where
we're trying to reschedule the whole plant, which is also has a
hemp program, and everybody recognize recognizes
cannabinoids, you know, and and CBD, but now we're gonna.
I believe the CMS program is just as bad as as a farm bill,
you know what I mean?
When it comes to like legalization and having just
real reform because it's one fucking plant.
There's gonna be one set of rules and one right.
I and I'll say how many rules are there for beer?
SPEAKER_00: Like everyone there are 50, and so like each state
has its own kind of way that they do it.
SPEAKER_02: I get that, but like at least with rescheduling,
because the CMS program is just limited, right?
It's only freaking it's gonna be drinks and I don't know, other
forms of application.
But like with rescheduling though, veterans have a chance.
This is gonna be that yes, yeah.
Got the uh hey, get out there, pop-up house votes to let
military veterans get medical marijuana recommendations,
probably be a doctor's.
SPEAKER_00: I mean, that's makes sense.
If it's a schedule three substance, it makes a lot of
sense, but we'll see if that gets through the Senate.
It might not, but it's it's good to see that the house is moving.
And I don't know how this election's gonna play out with
all the gerrymandering going on.
They call it redistricting.
But when you when the voter is picked by the his elected
representative, you know, American.
SPEAKER_02: Well, what's also not American is it's seen it's
gerrymandering because they do that for the whole intent of I
guess these people are gonna vote with the interests of the
Republican Party, right?
Like this is the thinking behind it.
But like, as we've seen, as my freaking bank account has seen
with the three times I filled up my cars this past you know two
weeks, like you know, this guy's fucking up hard.
Like this rescheduling thing, it wasn't him, it was a Joe Biden,
thank you, that started the ball.
SPEAKER_00: That's kind of like how rules happen, but like well,
this owns fresh, unique, you know, spin on it.
Because like Joe Biden started it under the one section that
says that they can do it through the rulemaking.
Todd Besson just said, I'm doing this final rule.
SPEAKER_02: And that's the thing, we're not there yet.
Like, I'll give the only credit I can give this administration
for like is the fear how they rule, which is through fear,
right?
Like, everything's expedited because of fear.
There's no like someone sitting down and going, okay, this is
the moral thing to do, or the right thing.
SPEAKER_00: The moral thing is to put the money right here in
my hand.
That's the moral thing.
What I say is true is true.
That's where we are.
We're in like ultimate fraud, and so you know, I probably
don't have enough cash in my my investment holdings.
Most of my investment holdings are the dispensary, basically,
all of it, yes.
SPEAKER_02: Well, even still, you couldn't afford a
congressman.
But I I think the problem is though, I mean, we all know
money greases the wheel for the machine, but like, in a sense,
that prohibition that I've been fighting for, like just real
reform, because I do think locking in a schedule, something
besides one helps recognize it as medicine, it is medicine for
many people.
But like just the other day, dude, I was streaming, I'm
testing that website that I made, I'm still fucking with it,
and Frank Rogers popped into my Instagram thing, and he actually
popped into the stream yard chat with me while he's from prison.
Like, we were talking about his conditions and shit.
Dude, he's been down there for 13 years out of a 20-year
sentence for just weed for what cookies is for being good at
what a business, right?
SPEAKER_00: Like, you know, if only he might have given like
the president some shit coin, he would have gotten pardoned by
now.
Or is he in state prison, which makes it even dumber?
SPEAKER_02: No, it's that's being shuffled around, but like,
and that's that's the uh the other thing about this system is
like while we have fucking you know, we're fortunate enough,
right?
Like, we're gonna do the the bunk up program for freedom grow
with Dutchie, right?
We're I've always thought like how to fight the war on drugs
has been through hope and and and raising awareness.
And I think we've we've done a lot of that, and and and it's
just kind of surreal to be part where we're owning a store where
a federal judge, like if we get big enough, if we get big
enough, a federal judge approves canvas and like then big now.
SPEAKER_00: That's chapter 15.
We would have to we would have to domesticate in Canada, so we
would have to find a zombie company in Canada to acquire,
move our headquarters to Canada, and then file for bankruptcy,
uh, and like change all the paper for the ownership and all
that, then we wouldn't be social equity, uh and and have all of
those done.
Uh you know, the other thing that I would prefer that we do
as opposed to file for bankruptcy is make some goddamn
money.
Uh, and one of the ways that we're gonna do that is we have
our local rewards card.
Yes.
And so we have a little punch card that we'll have.
And so you get you spend more than 50 bucks, you get your card
punched, you get 10 punches, you get 40 off your next purchase
for 65 bucks.
And so it's good if money, but how do you know that somebody's
just not punching these and then trying to lie to you?
We integrated it with Duchy, and so like I did a configuration,
and by I, I mean Claude and I in Codex.
I did a configuration on the the settings for Duchy that if you
lose your card, we tell you not to.
We still have it.
If you try to cheat on your card, we'll be like, you know,
we got a lot of records we have to keep when you come in here
and and buy this stuff.
According to our records, you don't have 10 punches, you have
three.
SPEAKER_02: We're just trying to run a fair business.
This is what like a store is, right?
We're we're not fans of the high-tax markups, or you know,
because everybody's gonna bitch about you see things like, oh, I
don't buy wreck weed or dispensary weed, right?
For you know, you ask a grower who grows the best weed, they're
gonna say they do.
SPEAKER_00: They do, yeah.
SPEAKER_02: But like fundamentally, do people would
you go buy anything?
Gross groceries, be worried about the farms.
You just hope it's a good they have good prices.
SPEAKER_00: If you want it to be fresh and have a good price, and
so like we all have good prices, and then our products should be
fresher because our vault is smaller, and because our vault
is smaller, stuff can't just sit in there, and as a result, we
should have and we we also don't want to buy your product if it
doesn't have velocity.
And then are we gonna try to have all the products that we
have have velocity?
Yeah, so it'll be a smaller, faster, fresher menu priced in
line with our competitors, but you know, it it still doesn't
matter.
SPEAKER_02: Some people they can't do enough for well, it's
not just I'm just saying overall, like they they look at
like cannabis industry as this thing where you know the culture
was people scrapping, lack of a better word, you know, but like
when I used to go get you know, the the thing about sourcing,
like when I when I tried to like sell weed, where I was like,
okay, this is what I want to do, I'll be the al component of
weed.
But like first you gotta get a reliable source and reliable
prices, right?
Like something where you're not being like on a buddy system
based off your buddy system, right?
Like you want something just grounded in like okay, I'm not
gonna try to fuck you, I'm just trying to survive.
And I accept that you're trying to survive, you know what I'm
saying?
Like, that's why you pay taxes too.
You out these are understood uh things that are needed to
produce something, and and I think with cannabis, when as the
industry goes, it's very dry.
When it's done right and good, because all the information
transparency is there, right?
Like like for purchasing product transactions, but in the end,
the the person buying their gram or their ounce doesn't give a
fuck about all the shit behind the doors, right?
You go to McDonald's, you drive through the drive-thru.
You didn't go for the farm, you're just buying your shit.
So I don't know.
I just think that's where we're looking at when it comes to our
oh yeah, mute.
Yeah, you're a mute.
SPEAKER_00: We do, and yeah, it is my third, fourth, it'll soon
be my fourth best cash flow opportunity YouTube.
And and that's pretty sad, like you know, but and and so like
you can do a whole bunch of videos and get like a lot of
views and make ten thousand dollars.
I'm like, bro, ten grand ain't shit.
No, yeah.
SPEAKER_02: When again, if we were a beer channel, how fucking
far ahead would we be right now?
Yeah, but instead, you know, we have to talk about like the
governor of Georgia just signed bills to expand medical
marijuana access by like so this is a good story, expanding on
the vaping and the adding, but like you know, we talk about the
law.
How is it when we're trying to be in compliance and do the
right thing?
We're always getting 18 plus or you know, shadow ban.
It's just I think a lot of times when people make the rules or
enforce them, they're just lazy.
SPEAKER_00: Nobody wants to like it's it's weird, but it's also
illegal, and so that's really what it is.
It's just that it's illegal.
Uh, if we were doing beer, like there's a guy, the claw hammered
channel, uh, it is brewing equipment.
He's got a whole channel with hundreds of thousands
subscribers about brewing equipment.
Of course, like dope is you always got two million
subscribers.
I'm assuming they're all real, but this was a good story out of
um Georgia.
And the the governor signed the bill.
We're still waiting for the governor in Virginia to sign the
bill.
But putting Georgia Patients first act, vaping is now
approved for patients 21 plus.
Interesting, adds lupus, severe arthritis, insomnia uh as
qualifying conditions, and it strips the several end stage
qualifiers from AIDS, Alzheimer's, cancers, MS, and
Parkinson's, and then replaces the 5% potency gap with 12,000
milligram possession cap.
There we go.
Georgia had one of the worst programs.
Now it has a less bad program, but it's still you're it's it's
highly controlled.
And so you have it's MSOs that are gonna because like we don't
have the cash to, especially considering like the state,
we're super dup-secret social equity.
We like your social equity wouldn't have met the the the
social equity for the the social equity criteria lottery.
Hilarious.
That's actually what it is called.
SPEAKER_02: Um guessing clean.
SPEAKER_00: Yeah, and so yeah, you have to hit there.
You go.
It is 20 minutes past the hour.
I'm gonna relax for at least 11 seconds.
Actually, I'm gonna give us 23 seconds.
Here's some shtick from a company I own.
The federal shift towards schedule three tozzle rewrite
your license strategy, having the right dispensary footprint
and operational.
Wait, why did it stop?
Yeah, well, I knew shift towards schedule three to rewrite your
license strategy, having the right dispensary footprint and
operational playbook in place before regulators fully
implement that new policy.
That's where collateral base comes in.
We helped cannabis businesses win dispensary licenses,
structure compliant operations, and manage stores link below to
help clients navigate licensing compliance and operations so
they win in the new regulatory era.
There we go.
I should have rebooted my computer.
Sometimes I think all the Bluetooth get all it's too
close.
There's too many Bluetooth, but whatever.
And so um I might edit that one out too.
Yeah, we are not only we're at Apple, uh I I we're on Buzz
Sprout, so wherever you get your podcasts, you can find us.
I hear Apple Podcasts has updated their service so that we
can now have this streamed also on Apple.
It won't just be uh audio only, it'll be video.
And you know, leave us a review, leave us a review.
That's what we're asking.
Roast us.
I would rather have 95 reviews and 4.1 stars than three reviews
with five stars, but you should give us five stars.
Hit me like Charlie Kirk.
All right, I'm dead for that one.
No, no, no, no.
You might understand.
There's a third rail, it's electrocuted.
You know, if you touch that rail, bad things happen.
I'm touching it.
Okay, I'm just saying.
Don't recommend it.
Touch it.
SPEAKER_02: Experts say DOG reclassification may cut
cannabis tax in Arkansas, which is all coming down to the 280E,
simply.
SPEAKER_00: Oh, it definitely would.
Every uh every license in Arkansas is a highly restricted
medical license.
So Arkansas has a very lucrative program which will become
extremely more lucrative or less fraught with legal liability of
audit from the IRS.
That's nice.
And we finally have that.
It helps the the differences between what IRC 208E was trying
to avoid in 1981 versus the cannabis industry in 2026,
really night and day.
SPEAKER_02: Well, again, the the whole creation of it though,
like like really people really do fucking like audit their
cocaine.
SPEAKER_00: Come on, yeah, it's tax evasion, that's how they got
Cabon.
SPEAKER_02: But like, wasn't it like it is drug defense?
SPEAKER_00: Like it wasn't even being used in well, there was a
seizure, and so they were tanking it, and so he's like, We
can't take everything, and like they were auditing them for like
not reporting the income.
unknown: Okay, okay.
SPEAKER_00: Why would you report that income?
You're just putting it into a Miami bank because it was
cocaine money, and um, that's why Miami has so many banks.
So he had a false so yeah, false tax returns.
We're not even filing them, and then so the IRS like audits you
as well, and they have all the free onset accounting from the
Department of Justice that prosecuted you, and there you
go.
And so, like that the cocaine dealer, you know, shut kept
enough cash uh on hand to pay his lawyers and they fought it,
and he won.
And so, like, he was correct in the sense that he was able to
deduct the costs of carrying on his cocaine dealing operation,
and as a result, that that's why they passed that.
But I mean, I wish I was a lawyer response.
I would be very old because I would have had to have argued
that in like 1981 or like 1979, or however long it takes for
Congress to change it law after the case.
SPEAKER_02: You know, they're probably all powered by cocaine
at that time, so it's probably just get them going.
Hey, is Senator Collins the shaky one?
SPEAKER_00: Senator Collins, I don't know if she's shaky, she
is probably quite old.
She's from Maine, and so I I would like what's the over-under
on how old is Senator Susan Collins?
I'm gonna just see if they're gonna ask Gemini that because
they they put Gemini in everything and we run the
company on Google, why not?
How old?
She's younger than I thought.
She's actually only 73.
Decades.
unknown: Wow.
SPEAKER_02: Well, there's one always talks because I think
she's a Republican as well.
But she put out this statement here.
I love this.
Susan Collins urges FBI to aid the main crackdown on marijuana
grow houses.
Right.
Like, I love this.
Um, did you read it?
This all director patel, because I think that's what I was
talking.
There's one of these older women that are shaking.
She's bothers somebody when I hear her speak, but director
patel that the proliferation of illegal marijuana grow houses
connected to transnational criminal organizations
originating in China in ongoing problems state of Maine.
So it's just kind of like with I Oklahoma, where I haven't really
heard about exactly what it is.
SPEAKER_00: Yeah.
unknown: Yeah.
SPEAKER_00: So they're trying to you wait, you wait for that hemp
loophole to close and for this registration period from the DEA
to be over, they're gonna crack down.
Yeah.
Yeah, we've been licensed or not.
That's it.
SPEAKER_02: We've been saying that from the beginning, though,
man.
SPEAKER_00: Just because we were saying it doesn't mean they
wanted to believe it and they will hate us for saying it.
I mean, like, how many hemp haters did we have when I'm
like, stop doing this?
This is going to end badly.
You're you're just you're holding us all back, you're just
making this about the cash.
Like, yeah, this is really business.
Yeah, right.
And and there's an old saying, it's hard to get a person to
understand something if their paycheck depends on it, and
you're getting so paid from this industry, you have no freaking
clue what you're talking about.
Well, it's Memorial Day.
The ban still there, Congress leaving on vacation, coming back
to redistricting, so maybe they won't feel as nervous as if
Trump was like as unpopular as he currently is.
And and it was a fair district.
But the but seeds are fucked, and banking will be closed.
There'll be nobody.
I blame hemp for seeds, like the hemp getting this far out of
hand, that's why seeds are banned.
And so it really sucks.
Because then uh legislatures, they don't get it, you know,
like all that stuff at the gas station, and most of it was
chemical weed, except for the THCA flower.
Right.
You know, did you see the seeds aren't in people's faces?
SPEAKER_02: Did you see the John Oliver?
He just did a whole thing on the gas station drugs.
That was interesting.
And and thinking about that with the weed, as far as like you
know, I really at first I was trying to, I was blaming the
kids for the dopajolas and uh the aircons.
I mean, like they're kids, but like they were being all
funneled by other people with money, right?
It's not like these guys were had the groves and shit.
SPEAKER_00: There was other people, well, that was like, oh
man, a lot of young entrepreneurs got in, so like
like Bay Smokes and all those guys, they are old, you know,
they're like less than 30, but they saw an opportunity, they
didn't think too hard about the law, and they made some cash,
yeah.
SPEAKER_02: And well, I mean, they they what they thought was
we'll we'll challenge it under this disguise of of him, and and
then and no one pushed on it.
I didn't think the kind of probably you know took the DEA
off guard, right?
Like, there no one's gonna send this shit across the mill, no
one's gonna try, and yet they did, and then some got in their
back.
SPEAKER_00: But then if you make marijuana licensed, it's just
like the crackdown on moonshine.
Sure, like when prohibition was a thing, it's hard to crack down
on moonshine alone, and then the stuff coming out of you know
Ontario, Canada that Capone is bringing into Chicago, and then
of course, uh President Kennedy's father was also you
know moving product around.
But once you say that the product's then legal and you
have to have a license for it, then you can crack down on the
moonshine.
SPEAKER_02: I get you then that's what's gonna be coming
for him.
These guys are gonna be like getting busters coming out there
calling, and it's already kind of happening, man.
Like, like you see these busts that are happening in Florida
and in New York, it's all vape shops, and they're saying, you
know, 20-30 million dollars for the product, you know.
SPEAKER_00: And there was people call me, yeah.
And then I'll make referrals out, but you know, I'll tell
them like all right, it's always all this legal hemp.
I'm like, it is less legal than you have been led to believe.
SPEAKER_02: Yeah, especially if you're trying to be the Zaza.
If you're trying to be weed, you don't there's no in-between, you
don't get to say, like, yeah, I bought this hemp, but I'm
selling it as weed.
You can't be like telling people to think you're blinkers or
whatever it is that you know, it's just it's so dumb the the
delay this has caused.
But you know what?
We have 20 million popular strains of May in 2026.
We'll name that strain.
SPEAKER_00: I do before we do that.
SPEAKER_02: Okay.
SPEAKER_00: Did we put a new name that strain in?
We didn't.
Do you think our audience would know if we did the exact same
name that strain that we did last week?
SPEAKER_02: Oh shit, did I delete it?
I might delete it.
Let me check.
SPEAKER_00: Oh, I deleted it, dude.
Ah, it's a shame.
But I I I I should you know once the dispensary's action actually
open, it will be so much easier to do name that strain.
SPEAKER_02: Well, it'll be fun too, because it'll be we the we
are new draw.
I'm friends with.
Yes, but I think this this 2020 little list of uh popular
strings is a good little name that string.
Well, let's do that instead of name that string.
SPEAKER_00: Still put on the bumper though.
Yeah, that's right.
I had to turn off my mouse.
SPEAKER_02: A little bit that you got there, a little song.
What is your friends?
One of the most popular cannabis strains in the United States.
So uh Anthony May from Marijuana Hero, Anthony, he took analytics
from headset, and here we go.
SPEAKER_00: Leaflets are gonna be our that's our data people,
and so I spoke with um I'm picking headset over hoodie, and
I'm picking uh um duchy over flow hub.
And the reason for both is API access and flex and flexibility
for developers, sure, and so like that data is important, and
I want to be able to manipulate it and record it and have AI
built off of it, yeah.
SPEAKER_02: Well, it's our data, but this is a blue dream, runs.
I mean, one's old school, blue dream, and runs.
You know, that's the new kid on the block.
Blue dream's so good.
I actually that's what that says.
Oh, very nice, yeah, very nice.
I like a good uh sativa's hand on Dan.
SPEAKER_00: Wedding cake was so popular.
My gosh, that's such a 2021 strain.
It was everywhere.
SPEAKER_02: It's making a comeback.
GMO, another in gelato.
These are all indicas, right?
SPEAKER_00: Yeah, no, I mean they're all hybrids, but they
you know gelato, maybe less of one sour diesel.
I think that is, but then I don't know about gelato, but
then usually I went it's more of a fruity flavored strain versus
more of a fugally uh kind of of strain.
But then, of course, sativa indica is just morphology.
SPEAKER_02: Sour diesel, do I got a story when during
prohibition?
I once paid$300 for an eighth of source.
Well, at least it had a name.
Was it the 90s?
It was, it was before I was living in Arizona, it was before
Arizona became even medical, and all I was smoking was Mexican
brickweed, so I'd have we'll have$25 eighths that'll have
names.
SPEAKER_00: Oh, I like shop permanent marker, permanent
marker's a good one.
That's big strain, and so like I don't know if we'll have a
permanent marker for$25 an eighth, but we will have$25
eighths, and it'll have a name, and I'll have to tell people
back in my day.
If you wanted a name with a strain, you're paying$60 an
eighth, and it was illegal.
You better get back to class.
SPEAKER_02: I was paying$400 for two quarter pounds, and so like
that was easy enough, or or sometimes$200.
Yeah, that was$200,000.
SPEAKER_00: We should get a um, but uh that's what I'm gonna
program a banner.
It says historic.
I mean, it's good because like we're talking about prices and
like and factors and and amounts and names, and so this is all
historical context and educational context.
SPEAKER_02: Oh, gotcha, gotcha.
We need a little like disclaimer, a little disclaimer,
yeah.
Appleface is a good one.
I like that one these days, too.
I really do like manicas.
I want to fight my weed.
Granddaddy perk.
GDP, yeah.
Oh, we got Pineapple Express, Apple Fritter.
Yeah, that's a big one.
Apple Fritter.
Super Booth.
That's a good one.
Checker.
OG Kush, Girl Scout cookies.
Mac that's I don't know that.
Mac.
Or probably like Mac and Cheese.
SPEAKER_00: No, like Miracle Alien cookies.
Mac.
SPEAKER_01: Uh okay.
SPEAKER_00: Uh huh.
Oh man, that's right.
My my stuff is awful.
SPEAKER_02: Fishman, lights.
That was it.
That's that's interesting.
I I mean, and again, analytics are important.
Some people you might be uh into it.
You're a weed nerd.
Yeah.
Coming to the into this adult use side of things where I'll be
able to see the the price points and whatnot, it's gonna be fun.
SPEAKER_00: It's the same price as in your state.
No, but I it said that you have like if we had more outdoor
gross, it would be exactly the same price.
SPEAKER_02: No, but I mean what I mean is because uh here in
Washington State, I live as a consumer, but being part of the
store, I want to see where like the the back, but what I can do.
SPEAKER_00: And so like the data reports will all be there.
Like it's a little annoying.
I mean, like you've seen how I have Claude like give us the the
the Slack messages for from the the news stories and stuff.
Now imagine all of that, but optimizing staffing, you know,
doing like here's the product that sells the fastest.
You know, here's your average gross margin.
SPEAKER_02: What I'm curious is how I would have to think like
when I was selling weed for the ace and quarters, you know, the
you see how the the money to make real money you gotta push
real weight, and let's say you take real risk.
SPEAKER_00: And I'm not one to get shot at or something like
prison and have no the prison's across the street, which right
and then there's another prison down the road, and so there's a
federal prison about like five miles south of the dispensary,
and then across the street is the law and justice center.
So, like, yeah, if somebody gets arrested, you have a short trip.
SPEAKER_02: So, like really some of the cops to get there, yeah.
But I just mean like like Frank Rogers and his family, you know.
Frank Rogers, his dad was the like he learned from his dad.
You know, there's there are legacy people who I know a
grower uh who passed from out here who when he passed, he left
his daughter a house and some savings and whatnot.
And it was because for years, Washington State, there's been
like this network out here, and I imagine every state has its
own little whatever, but you know, what Washington and Canada
have always had the good weed, you know, in the Humboldt, like
the whole West Coast type thing.
And then so this individual you know had a fake job.
They filed taxes and did shit like that.
Everything seemed legit.
Whatever cover they did, but they ran it still a successful
business, right?
So if he could have been out in the open, right?
That's what I'm curious about to see how we're still not out in
the open.
SPEAKER_00: Like, no, I didn't name it Miggie's Pot Shop.
I named it Miggie's shop because it's like, what's that retail
store?
Its average profit margin is supposed to be 35%.
Don't go above that.
Well, I'm just saying, like, are you financially engineering your
tax returns?
I am abstracting my tax returns so that they are well.
SPEAKER_02: What's interesting too is like not avoidance or in
this market, though, you gotta consider the taxes that are
being corporated too, right?
SPEAKER_00: Avoidance is okay.
Evasion's the problem.
It's not evasion, it's playing and avoidance.
SPEAKER_02: Um well, we are adhering to the law of our
choosing, I guess.
unknown: I don't know.
SPEAKER_00: All use is mostly use.
SPEAKER_02: Hey man, so what's your hot take?
I know everybody this came out like last week.
We didn't talk about it, but the whole target uh dropping some
more uh beverages, dude.
I I you do you think like the I think the hemp's just trying to
liquidate.
SPEAKER_00: I think hemp is just like yeah, it's crystal Pepsi,
what'll be gone in here?
SPEAKER_01: Okay, I like that.
Where is Crystal Pepsi?
SPEAKER_00: Well, um it's gonna be really cheap for license
holders to pick up beverage, unless a lot of the beverage was
done on like white labels, because like beverage equipment
is expensive, yeah.
Sure, and so like they our vault would suck for the beverages.
Oh, so tiny and no chill.
But I mean, like that, yeah, because like you've seen liquor
stores, like the beer selection's huge, and so um,
yeah, yeah.
Our sodas in like in in a Kroger or something, where you the
beverage section is big, and our vault is not you know, it's like
you want me to put these sodas that used to have at like all
the bars and restaurants in that.
I understand the eights and the and the joints and yeah, but the
beverages, like how's somebody gonna like make off with it, you
know?
SPEAKER_02: Yeah, but do you think come November?
Because like right now, all the shit sitting in shelves.
Uh are they gonna pull them out?
Are they just gonna let the the stock the reorders?
SPEAKER_00: So, like by the end of the summer, that's when you
think they'll oh no reorders because then you got like 90
days to get rid of it, and then it's gonna be what direct to
customer.
SPEAKER_02: I mean, they still want to get rid of pallets,
probably with the shit.
SPEAKER_00: No, eventually, I mean the bank should shut off
their accounts.
Maybe they start getting debanked more, and then the
credit card should shut off.
SPEAKER_02: Yeah, because you know, you got people who who
say, Oh no, we'll be in business still, but like you're saying,
there's the back end of things that runs a business that keeps
things going.
Hey, did you hear about pew pew's pew pew?
They changed oh when you say pew pew's, you mean guns.
SPEAKER_00: YouTube, YouTube.
Wait, you can't say that word on YouTube?
SPEAKER_02: Yeah, the G word.
SPEAKER_00: Let me get let me get the uh disclaimer.
This is all educational context with content with historical and
economic implications based on personal knowledge and
experience.
You're learning.
unknown: There you go.
SPEAKER_02: Yeah, they've added a form for they added the
medical marijuana to the questionnaire, instead of good
marijuana now.
SPEAKER_00: Yeah, so medical marijuana is gonna be okay.
Yep.
And there's gotta be that case that was argued two months ago.
There's a case at the Supreme Court.
Supreme Court season is really in about six weeks, it's the
late the last week of June, five, six weeks.
So Supreme Court season will be upon us, and I have a real good
feeling about cannabis and second amendment rights.
SPEAKER_02: Oh, 100%.
Don't be in minority because they take away those rights, but
be a pew-pew, and you'll get all the rights.
SPEAKER_00: Hey, if you try to be social equity, you will get
all the licenses, but maybe not all of the money in Illinois.
SPEAKER_02: The weirdest timeline.
SPEAKER_00: It is.
Hey, remember how we were that thing?
Yeah, we're also not that thing.
Seriously, I mean cosmic.
SPEAKER_02: So crazy.
Yeah, I got this mojito.
This sells it smells very lemony.
Oh interesting.
SPEAKER_00: Yeah, yeah, because the mojito that would be like
citrus and basil, and so basil is more of a you know spicy, I
guess.
It's more of a spice kind of smell, and then citrus.
The citrus is often in the cannabis.
So, how much you know, again, you pick up an ounce, yep,
another ounce.
Pure informational purposes.
It was hang on a second, let me put on that one.
Disclaimer, this is all educational content.
How much was that house?
160.
Wow, you you splurged.
Nobody, I don't that'll be more expensive than our most
expensive, or was that with including tags out the door?
SPEAKER_02: Oh, that's everything out the door.
I mean, it's actually like a$200 something else announced, but
again, I'm discount.
SPEAKER_00: That's why I splurged because we're gonna try
not to do the MR MSRP with discounting model, and so like
I'm worried about that.
If they just had like the price of the thing, as opposed to
like, oh, it's supposed to be a bazillion million dollars, but
you get it for five, you know, like it's the MSRP with the
discounting.
SPEAKER_02: No, there's they do that a lot silly here, but this
grow I they what they do out here, I think grows are able to
fluctuate their prices because for whatever reason, good
harvest or you know, sharing their good name or whatever.
But like sometimes they'll go up the price because they've built
a reputation, but every once in a while they'll like be on
discount, and you're like, Thank you, weed Jesus.
You know, apparently Congress gets high.
SPEAKER_00: Oh, yeah, a lot of people who smoke cannabis,
Congress says according to Elon Omar, somebody who is a cannabis
caucus co-chair.
Good luck with that one.
She told reporters that a lot of people in Congress smoke canvas
in schedule three is a step, not a finish line.
I think say a lot of people in tech smoke we do.
It's like no shit.
Oh my god.
Next, you're gonna tell me that the food service industry is
just a whole bunch of stoners, right?
What the people that are out in the in the in the kitchen get
high?
No, right?
SPEAKER_02: What like the fucking dishwasher guy who
fucking sits in front of a steeny fucking thing all day?
SPEAKER_00: Fuck it idiot.
I the blue collars get high.
I thought it was just something the white collars did, but
they're disposable income.
SPEAKER_02: I just I I hate that things like that make news, but
also like you're like, okay, cool, keep some in the lexicon,
but like you know what we really need is just to continue that
conversation that we're scheduling, and it's coming,
there's more coming, but you know, yeah, why did spirit now
we have a DEA that gives a shit?
SPEAKER_00: And so, like nobody does that listens to their boss
that's scared of their boss and knows they've been fired, and
like not just they won't just get fired, they'll get Trump
fired, which is like one of the most embarrassing ways to get
fired.
The the the Dow, the Dow.
SPEAKER_02: You should be this man's don't look at the bonds,
look at the Dow.
SPEAKER_01: Oh my god.
SPEAKER_02: Well, yeah, I mean, like, this is so weird, man.
I I I everything else.
We are in the upside down.
This is good, though, right?
The uh white spiritual sailors in America criticized Congress
over the hemp TAC ban in Farmville because money, like,
hey guys, um look.
SPEAKER_00: I don't like this because money, and so like if
you allow this to go on, it's gonna be very bad for my money,
and I don't like that.
I need it to do good for my money.
So please allow me to continue to distribute THC to consumers.
SPEAKER_02: Who wants checks?
Big beer, right?
Like, like all this beer monger we have throughout the years
about big pharma, big whatever.
Yeah, they're here.
SPEAKER_00: They want your weed, yeah.
Because hemp is so cannabis that sold the industry to the alcohol
companies.
I mean, I know GTI is like whiskey barons, but still, they
have quality products.
SPEAKER_02: Well, they draw a line, they're not trying to
pretend you're something else.
I mean, well, no, GTI is, huh?
They bought that hemp shit too, didn't they?
SPEAKER_00: Oh, yeah.
So they decided if they're gonna do it, so are we.
I mean, think about how much of the ex the expenses they get us
thrown into that, but whatever.
And so, like, it's over, yeah, and and they're gonna now they
have a new tax dodge.
Now, all medical use is all adult use is medical use, and so
that's gonna I don't know when I'm gonna get that video done.
SPEAKER_02: Blogs are so much easier.
Just put some words down, but also you probably just let I AI
do it for you, then you read it, and then I read it, and then I
look at the other one.
SPEAKER_00: I'm like, yeah, that's interesting.
You should probably make sure you tell them that I go make
that into a script, and then I leave.
And so, like, I have to go back to those AI videos, and they
have like a new avatar five or whatever and see if I can do
that because the last one was like too spooky, it's too
spooky, but AI videos.
SPEAKER_02: It's a thing.
Hey, I I think this one, this is the last one, but I think this
one's really interesting.
Like, this one kind of got skipped by a lot of people.
I didn't see anybody talk about this.
So, in the BEA, the uh Bureau Economic uh the fuck is it for?
What the BA stand for?
SPEAKER_00: It's where you get on your B Arthur.
It's right, it's literally, literally.
Oh, go back to that screen.
Go back to the bureau.
Okay, there it is.
There it is.
Yeah, but then you see how it's literally right under your um
your circle.
Bureau of economic analysis.
SPEAKER_02: Oh fuck, no, I'm missing it.
Oh, there it is.
Yeah, yeah, I'm an idiot.
But like, so like I follow this, all my different things, but
this is when memo came out in April, and I find this part in
particular very interesting where it's like the
internationally agreed guidelines for national economic
accounts explicitly recommend that illegal market activity
should be tracked together with legal market activity, like like
the identification of if you're crimping, don't forget to report
your crime.
I think the crime is the state's markets, right?
SPEAKER_00: Like you're supposed to report all your income,
whether you got it the right way or whether you stole it.
Sure, but of course, nobody's gonna report the income they
stole.
That's the point.
But then, like, you're supposed to report all your income.
SPEAKER_02: Yeah, but don't these Isn't this like another
thing we've talked about or how they track the data?
SPEAKER_00: But because this is when you eye to the government,
it's a crime, right?
But then the government picks who gets to vote for it.
SPEAKER_02: Right.
But like I'm not what I'm saying is when it comes to like the
assessment of like the like we talked about before, I think
this might be another part of rescheduling where the job
numbers are gonna get bumped up and the economic numbers are
gonna get bumped up.
Because of the cannabis industry as a whole, like I never
realized it's such a big four months.
SPEAKER_00: They should be counting the numbers of the
employees.
I mean, Truly has to have 4,000 employees.
Verano, 4,000 employees.
I mean, like, so are you only gonna count the medical
employees?
SPEAKER_02: No, gotta count the illegal ones too now.
So it's gonna get interesting.
SPEAKER_00: And so like there's just so much, there'll be good
content, and we'll do like um weekly or daily or whatever.
Here's how you run a dispensary.
Uh those all get 18 plus, but then you can also do weekly
educational content like this, which sometimes get 18 plus, but
very often doesn't.
SPEAKER_02: I just think because we're we we don't have a chance
most of the time, you know.
Can this is educational content?
Yeah, that's all we do.
SPEAKER_00: We're not telling you how to we're not a grow
channel, even though we could we're not a grow channel, we're
not a two-dab challenge channel, like you know, two gram dab.
Like we're not like, hey, watch me, watch me.
Like, I'm gonna go smoke 20 joints.
Check this out, guys.
I'm not that, yeah.
We're not we're not trapping 101.
No, how to follow the law and uh in an industry that doesn't care
about you know, it's all in cash.
SPEAKER_02: I mean, I'm gonna be fucking hanging out.
SPEAKER_00: For starters, throw yourself down the stairs just to
get used to failure and pain.
SPEAKER_02: Oh man, it's so funny though.
We've it's so to be in this position now where to be a part
of a store, I never thought it was gonna be, and then it's a
simply by believing in the legitimacy of this plant.
SPEAKER_00: Yep, you know, like and then we we shared some some
pictures with our our followers on here.
There'll be more, and then you know, when the stores open,
there'll be videos about how to run them, and then of course
there'll be more of these, but uh it's still it's gonna take
forever, and then we have to like run it, and then we have to
like build the supply side because we don't have any we
aren't social equity, but yet we are, which makes no sense, gotta
live.
And then everybody asks, like, can you sell medical?
It's like also no, like, Illinois is just one of the
Illinois is so bad at cannabis, the smell of raw cannabis is not
probable, no, is probable cause to search your car.
But hemp is completely legal and able to unfetteredly at the
state level compete with licensed cannabis.
The smell of bird cannabis is not probable cause to search
your car.
So, like, none of it makes sense.
Hopefully, after the hemp is gone, we can get some sense in
Springfield.
But like the medical guys, they don't want to let go because if
they let go, they they lose about 55 400 million divided by
55.
Sure.
So, like, that's how much they're that's just padding
their their income.
That's it.
And so it's just like the hemp people, whenever you would talk
to them, they would come up with some machination to justify what
they're doing because they're getting paid.
Well, and so they're getting paid too.
And um once that stops, or or once once it becomes schedule
three and hemp's gone, I think there's a lot more because now
it hurts the MSOs because that dispensary isn't taxed, but
those four dispensaries are taxed, so they might just have
like one medical dispensary, but six uh non-medical ones, and so
they would want them all to be considered medical, and so
that's why I think you're gonna see like hybrids and then
self-certification.
SPEAKER_02: Well, I hope the legislatures recognize this too,
right?
Like this ambiguity of if we get federal guidance and yet the
states still want to pursue you know the separation and not
protect, have just one fucking industry.
That's just it.
One one plan.
I mean, the the only unfortunate thing with the medical structure
is patients, right?
Where people have to be have to be a recognized patient to buy
product, as opposed to like you know, how do you how do you
handle that part of it too, right?
Like that's uh, I guess I mean you want everybody to be
medical, but you couldn't be a medical place and just serve the
general public.
You have to sign up for that backstage pass to all the pot
shops you want.
SPEAKER_00: But next week, we will do a live.
The week after that, we might not even do a show.
The week after that, we'll be back and we'll actually be open.
It's gonna be really hard to do the podcast at the dispensary.
Maybe I could be on the supply side until we get that filled
up, and then it'll be harder to do it there too.
But uh, it'll be something, you know, if I have to just do the
podcast from the dispensary while we're trying to get cash
to build the supply side, because we are and are not
social equity.
It's just if you if you haven't smoked enough weed to figure
that out, you should.
Schrdinger sexual social equity.
All right, then have a good one.
We'll have more.
We might maybe we're open next week.
Maybe we're open the week after that.
Now it's it's a little out of our hands still because we have
a couple of cameras, but that's it.
Just a couple of cameras.
Stay tuned.
Stay tuned.
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