In this episode, I play one of the latest episodes of Cannabis Legalization News which features me, Cole Preston. My appearance starts around 18 minutes into the episode.
During the episode, we recap various topics, including a recap of the legislative session, discussions on hemp, comparisons between open licensing and limited licensing, and much more.
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- Link to actual episode of Cannabis Legalization News
The auto-generated transcript is available below.
in this episode of the Cole memo I’ll be playing my latest appearance on cannabis legalization news thank you for tuning into the Cole memo I’m your host Cole Preston every episode is released in audio video and transcript format to find the transcript audio or video version of any episode please refer to the description of the episode that you’re listening to now within that description you can find a link that will take you to our website which will display the transcript for this episode and the platforms where you can find this episode in audio or video format if you’re unable to locate the episode description on whichever platform you’re listening from Simply take note of the episode number and visit the co memo.com from there you can find the corresponding episode and then you’ll be able to access the audio video and transcript version of that episode you might also find any links that we reference during this episode so that you might be able to do your own research I will be linking to the actual episode of cannabis legalization news so if you’d like to watch the actual episode check out the the link in the podcast description you can support us at the memo.com patreon or the memo.com support but one of the best ways to support us is free subscribe to or follow the show leave us a positive review from wherever you’re listening to us from favorite this episode give it a thumbs up leave a comment or share it with your best friend your engagement and support is appreciated enjoy this episode of the Cole memo featuring my appearance on cannabis Lee ization [Music] [Music] news you turn into cannabis legalization news to see what’s in the packages that we’ve gotten we got some viewer mail for you and then the hempire Strikes Back is thca hemp or not we’re going to discuss that there’s some [ __ ] out of Florida that you ain’t going to believe you’re going to be like Florida oh my goodness uh and so what is this well don’t mean to keep you in suspense any longer than you need oh I dropped it so you have to be kept in suspense just a little bit longer it’s that time of the month again no not that time this time we have a new fat nugs magazine pretty stoked about it and so uh I I will I will not be reading fat nugs mag have they’ve been on the show I think they’ve been on the show perhaps before Let’s uh let’s get on to the show and talk about our main story of the week decent week in Canabis legalization news kind of uh is thca hemp megie let’s get you on and do our trending news hey happy Sunday [Music] happy nice it’s a sports episode of fat nugs magazine um sure that and lots of sports I used to smoke weed before like swim practice when I was in college was great oh yeah dude swarzenegger used to smoke weed before he worked out yeah uh working out with weed’s pretty good but uh what about thca do you think that’s hemp dude I love your your I think it should be a term of art High hemp High yeah that’s just branding that’s Donald trumpian branding who of of course Donald Trump did not invent branding somebody else did but um that’s that’s why I would say high hemp because it has the hes that start and it’s only two syllables which is pretty good and it’s only two words uh so it’s really really short but the DEA has come out again and said that thca does not meet the definition of legal hemp as Congress weighs cannaboid Rec criminalization in a farm bill that’s our lead story came out of marijuana moment on May the 27th the DEA has dropped some type of memo with this let’s see if I can find it in the links ah it’s all interlinks but uh they they’ve released something else and it’s Terrence booze who is the chief drug and chemical evaluation section and so like the the DEA is an Administration which means that it’s a bureaucracy it literally is a bureaucracy when you think about it it’s the DEA well you know we talk about politics and this is kind of like the whole like that’s how we got where we’re at here right politics this is a thing bureaucracy is is the name of the game like we all think government is a long conundrum uh but this whole THC like you talked about the with the hemp Bill coming up right the the there’s many states right now you know trying to pass legislation against hemp itself right and individual little entities trying to you know your state Florida uh well when there’s a vacuum at the federal level this is what will happen and so there’s a vacuum at the federal level and and so the states are going to do their thing now now this is going to stop the gas station weed right this is like all your this would stop gas station weed it should I mean like it’s h it not only should stop gas station weed it should stop all of that crap let’s see here there’s that letter I’ll blow it up there we go okay and so this is not being shared because I was recording a video about things before I got in here and that’s why I did not no it’s it’s good things it has to do with the rule making process that we are undergoing right now that rule making process is in effect until July 22nd and so we’ll have a video up and then a copy and paste rule that comment that you can give but this is the letter June 9th 2023 H you know that’s not really news but that’s kind of how like news does you know they they reiterated their letter from this 2023 um letter that they put out where they said that it is not considered um hemp and that’s the letter from a year ago have you made your comment yet for schedule three yes but I have not published it I’ve not posted it and so I have it done that’s why I was doing that video now that video go to editing I’m going to AB test the editors to see okay uh because like there’s there’s budgets and and you know kpis and and Roi and all this other crap that you have to do when you’re a business person so uh I’m going to give it to two different editors and be like okay go and then see what the turnaround time is and and also uh how well it like looks but yeah but this is a fun example of the the the economy of me and Tom right like when it comes to like cuz you are an activist dude like I know you don’t say you are you’re the lawyer that we we go to but like how I know you is through like hog grome right yes yes we will give away one of those books but and also one of these books later uh not the fat nugs magazine I’m going to read that but farmer Tom did send us a whole bunch of Rolling Papers yes so after 420 somewhere we will give it to the members because we like to help our members out and then if one of them wants to tell us where to mail the stuff we’ll mail the stuff also shout out to Farmer to because my my house I don’t roll I I I pack bowls uh I I don’t roll and travel as I used to but the people who do roll in my house they uh all like them they all say they burn well it all is a good good smoke so good because I’m always worried about putting my name on something like when when that time comes for The Branding like we are about to be a store you know like that’s an important part we can go with the name bra cuz ra is kind of like McDonald’s uh it just needs to sound somewhat wholesome and so like calling it miggies kind of then you you just it may not be as uh disambiguated as what I like to call that’s one of the reasons why I I make up all these names as opposed to Tom’s awesome [ __ ] I mean one of my my future Brands might be Tom’s awesome [ __ ] but well back to so like how we got to this this circle of of weirdness is is how I was going to talk about your the SEO you’re talking about how you just did a video on the comments and how you very thorough and you’re G to try and get the message out as much you can whereas I’m still even trying to gather the information then once I do I’m just G to poop it out and say like hey everybody like like I did my live recently with the The Prisoner because I I worked on his time you know like ideally I would do videos that were like pre-made and get more hits and stuff but like you have to like I if that’s your thing right like that’s not my thing no that’s like literally everybody’s thing like anybody who’s popular on YouTube unless they’re like opening boxes and stuff and even then they probably have the story boarded but um like you have to have a script and then you have to practice it and then you have to like read the script and then you have to like edit it because there’s some stuff that you’ve just written it and you haven’t said it out loud so it it reads different uh and so that was one of the things and so I’m reading my stuff and you guys are like binging me in the in the um slack Channel and so like I I record on my iPhone and so like I have not turned it to um do not disturb so I had to but look at that if thca is illegal it would only impact the intoxicating hemp industry no no it’s it’s not that it’s illegal it just makes it marijuana there’s a difference right well and so that’s that’s what they’re kind of getting at is the uh the hemp Bill let’s just say if it it comes through the way it is will that uh affect also CBD markets will that affect the that part of the the public comment that I’m going to have and then it’s I’m going to give some the hemp people it’s mean like usually I give them the business I feel bad the but um they need to get picked up and so like the DEA is implicated in the farm bill as well for testing the canabo hemp and so it appear what they are doing is if you’re going to be growing it for rope or Fiber you’re going to be different uh different inspections and harvesting protocols and if you’re growing it for the cannaboids which 95% of them are you would have DEA show up and so if the DEA is going to be the all the regulator of weed I don’t necessarily like that but that’s how everything’s written currently and so I don’t think we’re going to get our own office of cannabis like the ocm federal ocm right at least not first the DEA will probably be doing it first and so the the international compliance and so if you read the notice of proposed rule making and how the olc and so like that’s what the video was all about like here’s the opinion here’s what the rule comments are you know this is how it’s probably all going to play out and so then you would have the DEA pick up like hemp and so you would get licensed or you would have to get your hemp tested because they also do have to get a license to grow it and then the DEA would be testing it it’s like oops this is marijuana transfer it to the schedule three uh entity in your state uh and then after that so after there schedule three regulations for how to be compliant with international law and to register with the the the DEA and track all the crop and sell all the crop and all that stuff that still doesn’t fix that it’s illegal at the federal level because the FDA then has to issue its own Ru making it has the authority to do it and so it’s just a chicken and egg type of thing like the FDA isn’t going to change how they would uh introduce cannabis as a schedule three substance into the their framework until after it’s a thing and so right now it’s not a thing but then what the rule making should do is then have the Attorney General request that the FDA upon it becoming effective review its rule making Authority for fdca compliance and so that’s the food drug and cosmetic act compliance so then you could have international [ __ ] um however everybody makes money right now and they don’t make money in the future wow so they don’t want to think about how it’s going to change you know when you talk like that when you do the the whole uh Civics lessons I’m make this image for you put your face on it uh for people who don’t see it it’s the always oh crap that was that was the lawsuit that I’ve gotten myself in and I’ll talk more about that next week uh after the filing is public record but um it is just great and so we’ll see if we win that case but it’s for social Equity so if I don’t win I’m not getting paid well you’ve helped laid out like my understanding it’s always been a Civics lessons talking to you right like having my uh experience in activism and trying to fight with what’s right or whatever making change uh I never thought about like you you always think like the president could just uh sign a thing and it’ll be done right like like but it has to be Congress but until it’s Congress gets their [ __ ] together right like just because a hundred years ago America uh the whole time frame they want to make great again was actually a very on linear racist Society where it was topheavy that they were bble to motivate like different you know uh uh America as a whole was predominantly that like white uh bureaucracy type thinking where it’s like hey drugs are bad we’re gonna control no one else mattered or they would just murder them ipulation demographics but yes it was it was way less Multicultural than it is now there go and and then that’s part of the problem we’re having now but the great thing about America though too is the bureaucracy of things because this is how we’re going to get changed inevitably right this it sucks like I mean we’re so much further with the states first and now federally with with actually like actual real bureaucracy happening because that’s how this changes happened with schedule 3 you know I I’m still working on my comments but uh uh that’s just GNA be another step and then with the the canbo with the hemp Bill coming up I mean eventually these two are going to merge right but we do have to that’s why we need them to we need well again it’s a cannabis plant right right and then you have this Line in the Sand where it becomes an intoxicant and you we’re going to regulate it like it’s schedu three drug or like schedule one drug when in the sense of like synthetic cannaboids which the vast majority of hemp Tove cannaboids are um except for thca that was natural but it makes the thing marijuana it’s hilarious but that’s kind of where we’re at there is some good news out of the federal you know we can let’s sneak sneak this one in before 420 somewhere oops that is the show notes let’s get that over to there okay lawmakers push to let the FDA H my goodness to let VA doctors recommend medical marijuana and end THC testing for federal job applicants it’s coming it’s coming everybody but it only is coming if it’s not a schedule one substance and so we got to get it out of schedule one and if we get it out of schedule one and it’s Nationwide medical cannabis well you would have the VA doctors recommend medical marijuana there would be ending of THC testing for federal job applicants we get so many truck that watch the program like keep your eyes on the road but thank you for watching and um yeah with the VA though also producer will he he he’s gotten through ketamine treatments through the VA and being schedule three ketamine schedule 3 this would be an opportunity for the VA to you know be an option to for soldiers so I find it huge and uh uh [ __ ] I hope he didn’t lose Cole no he probably had a step away right now but like that that would be that would be just enormous it it’s because remember when you had a lie to your federal government to tell him that you never used weed so you get in the Navy well exactly that the the what prohibition has enabled between the line and the uh uh [ __ ] there was never a path for Frank Rogers who I talked to in prison uh arrested in 2012 been in in jail since 2012 never a regulatory path there was never a chance to to even think of it right that’s why I I I look at these present day tra rappers online I’m like y’all you guys got it easy you just call it thca and sell it on it on the the internets you go just kush.com I’m going to start selling pounds nice hey it’s 20 past the hour which means it’s 420 somewhere the 420 break is brought to you by collateral base we will see you after the bumper [Applause] [Music] [Applause] that’s right collateral basee we’re not taking client well actually we do have space for Kentucky uh not for dispensaries we’re not taking dispensary clients anymore in Kentucky but we would consider a cultivator or a processor application in Kentucky fascinating stuff we’re going to talk more about it out there and I am going to post something for you the members uh you’ll get farmer Tom’s pre-rolls you’ll get my book which is starting to become out of date finally after 14 years especially with schedule 3 marijuana it’s no longer unconstitutionally prohibited it’s just regulated as medicine and you’ll also get legalization Nation the Box Brown book that become a member and uh if you are a member I will post a picture of these things and say first person that emails me their address and I’ll give you an email address to email me uh you win and so the last time somebody W it went out to Minnesota nice hey with that we should probably bring on our guests let’s bring on our guest and continue to talk about the news of the week Cole how are you Cole thank you for coming on thank you for having me I love this show it’s my favorite cannabis legalization news show so we we are the number one cannabis legalization podcast on YouTube America but also not only that you can get us wherever you find your podcasts it the problem is our podcast is longer than the average commute in America of 25 minutes is that what it is it’s no mine’s an hour and a half one way I don’t know where the hell you’re going to work dude I live in peor Illinois you can get anywhere in 20 minutes [ __ ] too many people over here in Seattle hey Co how many people do you see right there how many oh that’s lovely it’s a beautiful day one it’s a gorgeous one [ __ ] one [ __ ] guy walking on the street out there that could be you you could be living large in P Illinois where uh the housing is about $100,000 less than whatever you’re paying where you where you’re living oh guarante our average house is like $173,000 gives me Harper it would be like a $400,000 it actually you’re oh my goodness and so like that house that you live in migy what is that going for now in Seattle like $500 yeah if they were to sell probably six yeah six 600 oh my God I can’t afford to live here you could buy it for $120,000 in P Illinois dude no it gives me nause you thinking that this SP like I always thought about moving to Kentucky or something too like uh but the wife you know I gotta like bring her with me she that’s kind of how wives work you know know not for Warren Buffett but she left him she did [ __ ] my favorite thing about Poria Illinois is not only it’s Rich comedy history but the fact that they have been in a feud with comedian Shane Gillis who what said yeah he like said that Poria all you can do is go to the mall there’s nothing to do in town and so it’s just a fun fact folks Google it yeah that’s Terri I’m going to have to we’re gonna have to do some uh response videos on can legalization news and like Shan be like who the [ __ ] is this guy and I’ll be like get those right well nobody will care that’s that’s the thing you know um if you want to get in the paper and P Illinois open a food restaurant which is pretty much any restaurant is a food restaurant but uh yeah anybody restaurant or a bar that’s hey Cole Cole has a podcast himself the Cole memo and uh uh you know you guys this is because we’re talking about the whole hemp thing and you guys are kind of like doing a mini version of America over there because you got the hemp Bill arising as well also Florida too like what’s up with all these states Texas Texas is doing like anti- do yeah what do you think’s going on with this Cole I mean I think that people are just trying to crack down on what they perceive what some people perceive to be as like a public health issue and I think there are merits to to that uh concern um I think it’s also like in the legal states it really just seems like you know in Florida and in Illinois particularly it it’s less about public health and more about maintaining like a limited licensed Market not necessarily Florida and Illinois is a ju or it’s hilarious I mean like you look at the two of them and you compare them and it’s funny and so we have Florida news if you’re tuning in from Florida thank you uh but your Governor is nuts and so your Governor would rather you not legalize regular weed and to mess with that from getting legalized he will not issue the medical cannabis licenses that the application window closed 13 months ago for and uh he may veto the hemp uh like regulation bill so the these hemp regulation bills I think that’s one of the reasons why in Illinois they kicked it it’s like well feds are doing it why don’t we why don’t we punt give because like they were and I’m not sure if in Cole maybe you can remember but there was the hemp bill in Illinois may have been effective immediately did did you think it was effective immediately or was it supposed to be effective after like 6 months do you recall there were from what I understand there were parts that were effective immediately but then there were Parts like if you noticed there were objections early on from like the craft Brewers Guild and some beverage makers and they were able to from what I understand strike a deal to basically like delay that effective date so that they could liquidate their stock right so I do that like you know continue to sell the products that we think are terribly terrible Danger ous bad things and you’re you’re not doing the good stuff but you know I don’t want you to take a total loss I don’t want you just ban it like it’s tick tock or something hear me out here maybe Tim Rivers hasn’t paid off the Santa’s enough right like the the the the Vape people have the the the big money in in Florida I’m pretty sure truly like the like Kim Rivers screams Republican I never like look Riv and been like yeah she’s voting for Biden no like I and so they are bankrolling that in Florida it’s just that dentus is [ __ ] nuts and so like he doesn’t like weed and so that’s the thing guys remember election in November that party that you may elect because you love Donald Trump will come to town and they took away the woman’s right to choose you’re the Anarchy to take away your [ __ ] weed and give you some shitty Delta eight and be like there you go well you know who still had it I don’t did you guys see here check this out uh let me see if I can share this uh Jeff sessions uh just had a little tweet there reclassifying marijuana ignores science and endangers our youth like this is not 2020 this is not 20 this is not 1980 this is last week what about like uh just the regular stuff then with uh schedule three I mean then so like reclassify marijuana right that’s fine so all this hemp [ __ ] so all this synthetic weed that you’re smoking or just like weed that you’re calling hemp because you’ve tested it and that’s how the weed plant works like many strains if you especially if you keep it cold especially if you harvested especially if you tested how you’re supposed to test it will be considered hemp um yeah well crazy perhaps the santis also there’s that ignorance that we would all three of us understand here that canabas hemp same plan right like 3% defining this uh good time versus jail time right like it’s not sensible yeah holy stupid and then you have like two factions and so like they’re still regulating it like you know you’re in China and and you’re in the United States like they and it’s the same plant and so that’s one of the things that if you could just kind of pick it up and make it a spectrum where you’re like here it is here’s how the plants regulated oh you wanted to do this is it this do you have this license oh you don’t you can’t it yeah and with all Duke cander I’m definitely not tuned into the Florida scene and you actually did remind me that DeSantis was I remember seeing reports about him being concerned that that cannabis legalization would be on the ballot because it brings out more Democrats I believe I remember him saying that and I you know you hear that concern on the Republicans a lot so maybe I spoke a little bit out of turn and with regard to Florida and their motivations behind it because like you just pointed out maybe it’s his [ __ ] to the marijuana industry right the legal marijuana industry in Florida but in Illinois at least I really do think the debate seems to be about limited licensing cuz hemp Growers at least that I’ve talked to uh want to just comply with the same regulations but they’ll all go broke I agree if they actually had to follow all the regulations to a te like when you guys open up your shop that’s that’s how it works right question they’ll all go broke and so it’ll be it’ll be hey guy from Min Michigan if you’re tuning in I know you got the invoice [ __ ] pay it well didn’t isn’t this this is that’s how that’s what it’ll become and so then we’ll have California then we’ll have Michigan then we’ll have Oklahoma you have an industry that’s just ripping people’s shirts off their backs and ripping through a lot of money and so like that’s the thing when you have a limited market and you have a high Regulatory Compliance it’s not like you’re just allowed to start a becoming a bank or like running a lottery or a casino on a gosh darn Street Corner uh that’s it’s these the that’s why the limits make sense and so now we’re going to have a federal layer of that to get in compliance with our International obligations under article 23 of the single Convention of Narcotics from 1960 which is [ __ ] nuts compliance so you’re G have this thing of nuts compliance to be able to be in schedule three unless Congress does their job but they ain’t gonna because they’re worthless yeah I guess what I’m saying though the difference between the proposal that just shot through the Senate and died in the house and the proposal that never really even got called to vote uh Lesean Ford’s proposal which not all hemp Growers agree on because there’s a the taxing component which to your point is it’s a huge tax so not everybody supports that but it is a competing proposal and the only difference from what I can tell is that it was open license versus it was open licenses but then I don’t I think it was higher THC too a question for you guys is the the hemp Market with in Illinois for people like Co I mean you’re actually talking to people who are hemp Farmers right like I have this Vision head Farmers all being from Virginia or minnes I thought it was a difference between two milligrams and five or 10 milligrams and so the difference between a 2 milligram dose like it’s so like I thought with the the newest bill in Illinois the one that got shot down or like punted I thought they couldn’t really sell THC and so that it was going to shut that down but then with lesea Ford’s bill I thought it was low dose more like a Minnesota style and I’m fine with a Minnesota style like hey get a license get tested pay the same taxes is it unlimited sure good luck with that and so the hemp industry will be dominated by three people because you won’t even be able to have an oligarchy like you would with the limited licenses in States like Arizona States like Washington States like Illinois doesn’t the the hemp farmer though um I mean you guys correct me though that they have a bigger option though because they can sell their stuff across state lines whereas like they’re not limited to just a state market right right like if I could just really quick the reason I’m a fan of hemp is I actually am not a huge fan of Delta eight8 I’ve tried it but not a huge fan of it but it seems to upend like all of my little complaints about legalization like for example the limitations on how much you can possess I feel like that’s arbitrary the dosage caps like I’ve got this 50 mgram soda right now that came from River Bluff who also has a social Equity license but they sell these hemp beverages just as you said right through the mail and like there are all these little different things that are great when cannabis is not cont treated like when it’s when it’s not treated like a controlled substance that like I guess the bottom line is for this it’s afforded me a level of freedom and choice as a consumer that I have never had an Illinois and that’s well and so like if we can get it to schedule three and get everybody licensed you’re GNA have that but it would be a safer version of the hemp thing that has no rules and so like there’s no rules on the side and no with with the hemp it’s just the production side here it is test your product for THC potency compliance 30-day before Harvest and the [ __ ] regulations and so now we’re going to start talking about how to regulate marijuana which is this delineation line somewhere out there with the the rulle making process that’s happening right now it’s it’s it’s Watershed it’s huge I think we’re gonna have an interim final rule because it’s so big it’s not just going to skip to the rule the state though as they Define it like as you’re talking about there’s going to be one market because you know uh the hemp person can sell their stuff Interstate right the you know and I don’t know what because you guys been getting their stuff like through Minnesota and that’s the unfortunate part about like not having sourcing understanding where you’re getting your stuff from you know like Cole you you’ve been a big probably buying stuff online like I’m coming from the old school where it’s like it’s scary to do that [ __ ] and so like everything I’ve gotten I’ve gotten through and now I buy it from a store which I know has that little checks and balances regulation [ __ ] but like good prices Washington state is high quality and good prices you’re kind in a Michigan extremely high taxes but you’re kind of like in Michigan but if Michigan hadn’t gone nuts and so like they can still you can go broke in Washington state but it’s a lot easier to go broke in Michigan sure but like when you when we open our store right we’re our competition is not going to be the hemp farmer and it’s not uh our competition is going to be new era right that another store within the area or New Era would be in our shelves okay I mean I don’t know the mark yet we would be buying from them yeah we just won’t buy from GTI it’s Ry oh and that’s the next thing I wanted to ask that because Cole’s been going on a little campaign there about like what’s going on with like the the regulation over there as far as uh patience and is it a hom gr what are they against what the what’s the [ __ ] going on with I mean they’re yeah they’re proponents of of limited licensing and this is like just another example where they’re kind of narrowing the scope to Tom tell me even li even limit it’s like they’re like getting getting down to that granular level do you know migy people tuning in do you know what a medical patient in Illinois is worth on an annualized basis to a GTI or to one of the companies that has one of the only 55 state of 12.5 million people 55 medical dispensaries in it uh imagine see a patient’s probably buying enough for a month maybe two weeks whatever I mean a couple hundred maybe a thousand a month no no no well yeah it’s a couple hundred bucks it’s that on an annualized basis it’s approximately three grand okay yeah but like so it just seems to me a lot of these companies are very narrow-minded when they when they do their fighting for policy right because the recreational Market they don’t want to have a fair competition is what they don’t want they don’t want to have like hey uh it’s your chance to have a store like we are going to be trying like it’s not an easy thing you win this [ __ ] thing and you’re not like woohoo I still go to work like um I that’s the thing I don’t understand I want to be clear I understand why from an economic purpose like as an operator when you look at States like Michigan Oklahoma and Oregon why you wouldn’t want that as an operator but I guess what I like it makes economic sense to me I guess is what I’m saying and if I were in your shoes I would think the same thing but I guess what I always try to ask people is like what makes cannabis any different from and I’m actually kind of stealing a point that you st uh taught me because I credit you for radicalizing in me um what makes cannabis any different from restaurants we accept the fact that 80% go out of business in the first 5 years why are we so like why are we so hellbent on protecting cannabis operators um restaurants wer illegal restaurants weren’t illegal five years ago so there’s that aspect of it and then there’s the aspects of it where you go like we protected alcohol as well when it became legal and it took years and decades for it to open and change its market dynamics so what’s your policy goal here is your policy goal to be able to make stable revenues for the state and for the people that have the actual licenses that need to comply with those regulations or you know so what are you really trying to do with your with your um scheme that you have you know and that’s where I feel like legalization like diverged like I said to representative Carol Ammons and she said like the Grassroots got us here and really all our problem was ever the rules the fact that Canabis was illegal and now that it’s legal we have all these different rules and it’s like I didn’t ask for all these rules I a problem with the rules you know but that’s fine but you’re talking about selling um a highly regulated drug the what whether like you have a personal relationship with it you realize that a lot of that’s [ __ ] um 85% of the American people don’t realize that’s [ __ ] and so that to them it’s it’s a it’s a drug and they know it in a certain way and so if you want if your policy goal is like changing those things and and getting to somewhere where it’s going to be normalized you have to figure out how you’re going to regulate it and it’s going to be the most restricted uh during that interim period before it can get into uh more of an open as but if it’s just like owning a brewery it would be more like owning a brewery or owning a Distillery distilleries were restricted from ownership for many years for decades and so if if owning some type of cannabis business is akin to owning a Distillery or a liquor store it’s regulated it’s going to be regulated and then it’s regulated on the perception so alcohol welcomed in every uh household event you know or much more social acceptance than weed much more by by orders of magnitude and so until that inverts you’re going to see a highly regulated and therefore very expensive to run and therefore if you want that industry to be able to get through it um limiting the license to make it more of an oligopoly is the way to do it as opposed to you know the problems that you see in the open market States you know part of problem too is the ignorance of even just the in consumer right like I used to as a young activist you know I’m just legalized weed and and weed is what it is a marijuana canvis pot whatever you want to call it apparently you call it hemp now too right like early on with Jack Herer anduh all the other early activists you know hemp hemp hoay hemp is always a thing I never really understood like hemp is the [ __ ] t-shirt hemp is the you know but it turns out it’s the same plant and that’s the Breaking the Barrier because right now your your hemp Growers are getting away with like not uh they’re doing the the interstate marketing or you know interstate commerce and then the the we people people who want to just be in the we cannabis industry and for that part is weird right like like to to to even get into business is a lot of money right when I was uh selling quarter pounds I never thought about like uh having a business with brick and mortar like what would it me involved like a restaurant or whatever and and and it’s [ __ ] I’m going to have an HR we’re going to have [ __ ] uh books being done we’re going to have [ __ ] meet and code like there’s a lot as a technician who who who works in maintenance I understand that side of things like for me is is the person from the idfr GNA drop into the the licensed hemp peder where’s yours where’s yours for that yeah that was my like one of my concerns with House Bill 4293 was that it did give local law enforcement the capacity to I guess stop by these places I remember the Cannabis regulation oversight officer before this Bill had ultimately come out said that they need the capacity to like go in um and I always like another thing that yeah you taught me on a different topic but it’s funny how it relates to this the first few words from the crta I’m going off the top of my head is in the interest of allowing law enforcement to focus on like property crime and violence we the general assembly find that cannabis should be regulated like alcohol and I guess my thing is I feel like if we’re going to allow law enforcement to go into these shops to basically enforce limited licensing it would seem that it’s against the spirit of the law but you could also argue though that it’s directly in the spirit of the law because limited licensing is a feature of the law right so it’s like it goes both ways to be kind regulation because you have health code inspectors go to a restaurant it’s all kind of the same [ __ ] right like yeah if you can get away with here’s the regulation like here’s the regulatory load we know we’re going to be costing you 100 large a year uh and so that’s why we’re going to limit the market and make it more of a secure cash flow and and then it becomes a well let’s limit the market even more so I have I have to report next quarter to the public and I want to beat on earnings I want that medical patient that wors that is worth $3,000 of Topline earnings a year here not over there here and so there’s a line somewhere where the regulation is there to ensure that you have a system because of the regulatory load you’re going to put on them that they can B shoulder that burden and then hopefully still have some left over but then you have that other layer where it’s like now it’s it’s capitalism and so they’re trying to take as much market share by any means necessary that’ll happen if if it’s an unlimited license State though I think well actually a lot of those operators can’t clean up because they don’t operate well enough but the ones that can they cannibalize their profit margins and they try to like or like in an Amazon case as well not the biggest profit margins grocery stores the same thing so you’re turn the entire industry to grocery stores which is kind of cool uh and so then you’re GNA have terrible jobs in the sense that being somebody who works as a bud tender would be no different than being a bus boy or a waiter you know you know all these are at play like what are your policy goals that you’re going for well based on this number of licenses and this demand and this much taxes we think it would look like this or if it’s going to be complete free market capitalism cool this will be like instead getting your first job as flipping burgers you were flipping Buds and that’s that’s what it is and so like if you want uh that for your job force to be you know shitty first entry job have an unlimited State a good Market would would would but see this is the difference also of a a business-oriented thinking person like Tom is that’s why I love this guy because because he will tell you he he will dry [ __ ] you to be like this is you’re going to get [ __ ] like this is like that’s kind of like what business is about sometimes right like some there has to be a loser unfortunately sometimes but the farmer doesn’t think about their their their uh investors right a farmer doesn’t think about uh uh capital gains and all the other uh uh thing the farmer thinks like oh what’s my profit on selling what I got and then you know and that’s the business side of things is what I was trying to lead to is like eventually these are going to merge but I was thinking you know instead of playing name that strein we’ll play is it hemp or is it marijuana no this grower isn’t going to be [ __ ] around with uh with hemp Let’s uh let’s do some name that strain this is a this is some good people here well let’s uh let’s bring coal in because I uh some more water and then uh you guys can so what up Cole so purple let me give you a little hint here what’s it say uh uh exploring uh understanding I don’t want to give the name uh nitty G origin here we go uh has an intriguing origin story that adds to its allore it is a cross between two Renown strains zukies and biscotti uh that might be enough for happy right there [ __ ] I’m telling you man so close how good are you at at name stream their coal I mean you smoke a lot of weed tooth I get it wrong every week every week I tune in Tom I mean I love it that he wants to do this because he’s a he grows and he he sees the plant the way I’m a more of a consumer where like you know I love looking at the plant I just don’t really I like notes um let’s see so this is a more than its appearance and Tac content The Strain also offers a complex en capting flavor profile that Delights the senses with hints of sweetness earthiness and touch of citrus blah blah blah penalizes the taste buds the unique unique combination of flavors let’s see if we got it so close I like donkey but that’s a good name but uh so bad at this game I love the purple though that’s a that’s a thing it’s not OG Kush no it’s not but you gotta what you got to do is you got to tell them who the parents are and then you got to tell them who the breeder is well did the parents that really helps the people alien Labs that would be no it ain’t um and so Mitch McConnell OG no the Miland and biscotti strain cross and so it kind of has a name like that but this is a a new exotic you would be commanding prices for this and so this is the stuff out like SoCal yeah bisc [Music] visante I was say it just sounds like [ __ ] to me too much that’s why I couldn’t really see that’s the problem like there ain’t no brands that are interstate and so like McDonald’s started in Chicago and Illinois and so there really aren’t any brands that are Interstate because they’ve all been playing different games with different pricing margins and all this other stuff give us the [ __ ] rule book de EA like say like go there’s them’s the standards and then you the state to issue it and just like they did with with hemp but it’s scheduled three weed and so it has to make its own lane for it to make sense but no other schedule three drug is like weed so why wouldn’t it have its own lane weed has its own lane several [ __ ] times in the Controlled Substances Act it’s like oh talking about weed crimes here well here’s this new thing that goes so if it’s so special make its own regulations for federal compliance with the FDA so it’s Interstate legal and then we can put some bisante uh in our in our drawers of course they probably be grown in Illinois that’s the thing like remember how Budweiser worked same with Coca-Cola they made the [ __ ] near you yeah right but you know I just don’t get how in my uh 30 years plus of studying this plant uh that uh why it has so many references and so much just like so it’s been taking us so long to get to this point right like what point in history like was was it was it the source of the Bubonic plague like what did it cause the [ __ ] Great Depression what about weed that like not just America but like even in Mexico there was like some like control of it right it has a long history of Indian hemp and all the [ __ ] but like at one point they like oh these people are having a good time [ __ ] them oh when they didn’t like how it smelled speaking of we have a which which one do you want to hit next we have several more stories being can hit oh D I love talking about weed no matter what go for it before we move on I just one thing that I feel like hasn’t gotten much coverage in the media that I know that you’re aware of uh is uh the fact that the odor-proof provision got struck from the Cannabis om Omnibus in Illinois which I feel is uh really sucks because that was the only other consumer pro pro consumer focused provision besides the one that GTI got out of the law allegedly yeah and it doesn’t make any sense but then like if the law uh smells alcohol in your car that’s that’s uh enough to get them wondering if something’s going on so if they smell weed why isn’t that fine you know or a powerful scent of of of like freshly burnt weed just smell alone like if you’re pulling me over for speeding and it reeks of cannabis and I’ve got a joint like that’s a different story but if it’s just that it smells like weed and it’s just that like I think that that you know it should be it should be able to be used in the calculus as they argued in the Supreme Court and if I could ask you Tom just really quick since this wasn’t addressed via state law like that means we’re kind of banking on the Supreme Court at this point to address this issue right do you have any idea how long that case has been pending a long yeah a long time but it but I guess what I’m asking you is that is that kind of Our Last Hope at this point for no the the gang over at the isba’s section Council on cannabis law we were thinking that oh it’s like oh there it is they’re going to legislatively take care of this so they don’t need to rule but that’s kind turns out that’s not the case it’s not the bureaucracy though everybody passes the buck so wouldn’t descheduling it or not but the judges except for Clarence Thomas and His motor coaches the Judges usually don’t take the money and so the legislature takes the money because they have to use it to run for reelection I need a champagne Fountain behind me for my reelection campaign that’s what we’re going to use the money on uhuh yeah or like with Donald Trump like I don’t want to stay in prison can I use my election funds to like support my my hotel usage so like where is that Line in the Sand between you’re not allowed to do that with the election money but you can do this well that’s a that’s a it’s a funny world where I mean that’s just kind of part of like business too where people will’ll do bad things in front of your eyes sometimes and you’re like isn’t that illegal like like like sometimes it’s public knowled when you do it but it’s more of like who goes after it right who decides to pursue it because uh you know all Justice is kind of uh selective right because like we’re talking help Frank Rogers who’s still locked up right everybody even Biden now saying like uh you know I done this and done that but what he has done is be part because this Des unscheduling it or rescheduling it [ __ ] I hate this [ __ ] thing rescheduling it unscheduling requires congressional act just like it did with hemp but the ball’s rolling to to to a to a degree where then with the farm bill coming in and then maybe they make a baby and then you got like uh reschedule this I you know hemp is gonna it’s the same damn plan overall that’s why you have to pick it up and so like you’ll see the video know fall asleep during it because I have to mention a lot of like mechanics of of federal law which you just can’t make like YouTube shorts on that or like I can’t just point at [ __ ] like and do like a real like this is this isn’t a workout routine right it’s it’s it’s federal law with like and then it’s federal law with referencing international law and so it’s all this [ __ ] moving forward and well integrated but then like there is Politics on both sides as well so it doesn’t matter how you’ve put it together and how well it could in theory work provided that it would actually be promulgated because they rules and [ __ ] so they rules are promulgated that’s where they come from uh but anyway that kind of crap is it’s just not amendable for the real format it the Tik Tock is not the place for legislation what point to my rambling earlier is that uh the the rescheduling will help overall this this Justice thing this uh this this this legalization thing that uh we all want you know like like oh it’s not it’s not pretty the the the meat’s not being but the bureaucracy side like learning from this guy uh because you know again sweeping a pen is is not a thing but real leadership and and you know we’ve got so much going on with the infrastructure and other things like you know uh uh I don’t know how much more you know it’s funny we get a lot of like when we talk about especially Tom he’ll he’ll go after Trump [ __ ] and I I do hold back but I’m like I don’t want to be that guy I’ll let the Lord I want to be candid I’m very I know I’m going to look back at some of the things I’ve said I’m very young and like idealistic and hopeful and like I have a lot of runaway ideas but I really do like with the descheduling of cannabis like it seems like that’s such a a big win or what we call hemp and it’s like I wish we would just expand that line and just deschedule the entire plant like I know it’s not that easy into your point you just made it’s just not how it works and it’s like but nor was it what was intended to be descheduled I want you to understand that it was intended to be descheduled to not get you high and then the hemp industry just got you high and so like what percentage of the hemp industry is getting you high 90% 95% such a good term yeah well we got a couple of other stories let’s do a [ __ ] that I wasn’t expecting because the marijuana the the tarpine one looks good and the other one that’s class action one I I hadn’t heard of this which one we [Music] got a federal class action lawsuit against do we have that up no that’s that’s mine how about no it’s I close mine out blackout and so I’m not sure but it’s it’s from the KY mm.com but uh yeah a federal class action lawsuit against humble County’s cannabis abatement program makes national news and it was even on the US mail so they are still Prosecuting people in humbo County it appears and they’re trying to get as much as they can out of weed and they are arresting people still so this person retire Ronda Olson she’s got $7 million of fines because someone else grew weed on her property property before she bought it what too bad yeah that’s what the allegations say Okay article and then and then blue Graham which his name is blue BL which makes me ask where were the parents in this was hit with penalties of around 900,000 on unfounded and in uninvestigated allegations it was growing weed in his Greenhouse when really he was growing vegetables for his restaurant so uh was this a State case then or is this a federal case I I I really get over the article no no I was working and so this was not a week that I could read the news okay I hope that and I mean I I semi retired from the practice of law but then I still do it and so um uh with more Revenue comes more employees and then you usually have then you just have to work on grift so that the employeers are trying to work making money for the the organization and that that company when you think about it like you have to get somebody else to work for you for money and not leave good luck with that we’re gonna have a store dude that’s the scary part right there you know Cole that’s that’s I’ve had a store for years mother yeah but like half your staff is in India you know it’s different when you’re dealing with no no we have a Indian contractor who is excellent at the back end he knows the lamp stack like the back of his hand now granted people are like who’s using that anymore I’m like WordPress it’s like 25% of the internet so I can I can I just want to congratulate you both on finally getting that damn license I read that correctly right you finally actually got the license we have a conditional license now yes okay good we have until May of next year to find real estate and so we found it now we just have to get it zoned and then we have to acquire it then we have to develop it uh and so we we will be looking for uh certain Partners in the future and have that on shows but not necessarily this one because there’s there’s just things that you have to do first well Tom Tom’s busy trying to like survive and and I got a 9 to5 so you know there’re s we got to survive but you know that’s a you have any questions for us about the store like you yeah are you going to be working remotely you going to like call in well charge Community engagement he is our manager of community engagement migy I want I want a farmers market I also would like a Corvette show or like an antique car show like you know and so you need to reach out to the community and see what we can do to be good neighbors oh I definitely go ahead oh I was just goingon to say sorry I I do have one quick question and I know you had another story you wanted to get to but like how does it feel both migy and Tom you’ve got You’ve Won many licenses I know but like but I’m still asking both of you how does it feel to have a license like that’s pretty [ __ ] cool like it’s it’s it’s it’s just conditional and you still got to do your things but it’s like but you know it’s boring cool it’s cool but it’s also boring in a sense of like uh you know if if cooking was my passion right like like if I was a I’ve always thought about like oh it be cool to have a diner then now you’re behind the kitchen and and and you’re you’re you’re obligated to be at that store all day right like like like Tom talks about Automation and that’s the whole thing about having a brick and mortar and we hope to have people who our success their success is going to be our success right like that whole motivational thinking like I always hated like the cult people you see out there but we need that like that’s something that we’re going to build and and and [ __ ] uh there’ll be a time when I gotta come out right like there’s going to be like I can’t just do everything on internet I mean that’d be awesome but like uh uh this not feasible and then and uh you know it’s going to be successful C no no you’re you’re going to come out but it’s one of those things where um there goes another $1.5 million over your head yeah you’re GNA bear that risk and then like again like may you might get on a loan and that I don’t think you’re G to get on the Real Estate One you know but if you did it would come with a personal guarantee that’s the thing we’re now an obligation now now if uh we fail everything that we’ve put our no not I have to pay my loans off I got out of law school I had to pay my [ __ ] loans off and so now it’s going to be it’ll be another uh one six million to to pay off or like that you got to cash flow and so it’s it’s a debt burden but then like we have people that work on the models for what the right amount of debt is for your cash flow do you know what the right amount of debt is for your cash flow and how you can maximize your Revenue no nobody [ __ ] does you know on top of that right like so we won this thing on a whim but I I have a day job I’ve had a thing that uh this was all Fluke like I I like with activism and and giving a [ __ ] U you know we changing the law has been a thing that I’ve been wanting to do forever and it has been changing and now I’m a part of it and oh now we gonna uh uh uh I’m gonna have to quit my [ __ ] job and and then had the new job but I mean it’s going to be the new job you were going to have to work for 60 hour weeks differ and so like I would say you keep that [ __ ] money from Uncle sugar and again his name isn’t sugar it’s Gates but he ALS Sun jar no that he’s Googles um but the whole the whole point is like keep yeah and then uh I’m going to demand that you do scripts and and like I’m I have to vote more 100% like I have to devote more to this because they again you’re going to have a sizable equity position in a cash flow that should have free cash flows of $1.5 million unless we listen to call and then like anybody can open one of these shops and so we’ll just have to fire everybody and sell everything off then we’ll be in default and they’ll owe somebody $1.7 million because they built a compliant like Illinois dispensary uh yeah go build a compliant Illinois dispensary hemp pedalers do it they’ll be I guess my last thought on that whole topic is just I know that business people complain and those like those licenses because it is so hard but the one group of people that aren’t complaining are the people that are getting cheap cannabis you know people travel to Michigan for that no you have to bring the price down but then that isn’t necessarily A because you still have to build that [ __ ] in Michigan you just have a lot more people building it and so then you have a lot more people that are losing a lot more money and then eventually what you have is you have the amazoning of cannabis and and so you have one group that’s highly capitalized that can bleed everyone else out and it is not a small business owner I will say there is one I’m about to say something that’s going to be controversial at first there is one type of license cap I support in Illinois already has it in a part of the law it’s like the per entity ownership I’m probably butchering the language on this top but it’s like the idea that you can only have 10 dispensaries and a number of cultivation centers I think it’s three um and I and I do like those caps because it’s like I like the idea of unlimited licenses but limited ownership so that nobody gets too big right liit it’ll still be limits like a state can like or a municipality can say no and so liquor licenses are still limited um and you’re going to see that aspect of it like happen but you have to have the regulations first and so that should happen over time in the sense that they they relax these things but the the industry sucks and so like we’re going to sell our license then um hopefully before that because then you’re talking about an industry where your profit margin’s less than 10% but that’s if like we’re going to be in a unique position too I mean and again Canabis no I mean like then I’m going to go to like Industries where the profit margin is 40% like the practice of law or Consulting Services well I’m talking about like now you’re talking about like diversifying monies and [ __ ] like I’m not even there yet like I I just need a goddamn money to come in first right like that’s not how it works but that’s the thing about the the the the the business side of things is when we’re going to open the store I’ll be in a unique position to understand like the why is it like since I’ve been for the past 30 years I’ve been buying weed that uh uh $10 is about to accept the price for decent right like for most people and as as someone who doesn’t grow I’m not a grower Tom grows so he knows understanding more about like the cost of NES and to make good plants and all that [ __ ] right I just know good weed I’m like oh so you tell me how much it cost to make for you to be profitable right like I that’s how I always did my weed dealings was like how much for the quarter pound all right cool you know like you made your profit I hope because that’s the price I bought it off you now I’m going to go break it up and sell it to other people but like for people are behind bars for we hope to be selling that in a day and it’s just overall just how the law is [ __ ] up right like you know Frank Rogers who I talked to the other day from prison right go out and please watch our past episode where I just talked to this guy live from behind bars from New York that’s where he was he was just really good at business that’s the whole thing these guys when I was younger and and started building up I could have be one of those guys but I decided noed out because I didn’t want to get locked up I didn’t want it it’s not good at business it’s not being good at business to get locked up like it’s not so what you’re doing is an illegal like Enterprise that’s probably not the best business it’s not really a business if it’s an illegal Enterprise a crime but that that’s what I hate about limited license markets at least so far is that the the main enforcement mechanism especially in Illinois is the criminal law and and that that house bill 4293 would have made unlicensed activity a daily $10,000 fine plus all of those criminal penalties so it would have like measurably increased the criminalization of cannabis in Illinois and I just wish like if if we’re going to limit licenses for economic purposes if we could figure out a way to do it without locking somebody in a cage for doing unlicensed activity because that’s like what legalization was supposed to be about you’re not supposed to yeah you’re not supposed to lock him into a cage but it’s like did you pay your taxes on that well you failed to pay your taxes that comes with a penalty of $10,000 a day for every day they’re not unpaid and eventually that becomes so heinous of a penalty that it’s not a crime but it may as well be because now they’re completely broke and then hopefully they can declare bankruptcy from that and then kind of learn but that’s that’s what it is it’s that how do you take the outlaw out of an industry based on Outlaws I mean there’s a lot of bootlegging that happened in you know 13 14 years of keeping alcohol illegal but now we’re like 80 90 years deep yeah yeah hom growth for all is great like I love home and I don’t think I don’t like the definition of hemp where it doesn’t include seeds because that is to go from a seed to what you can use that takes a lot it just doesn’t happen like you don’t yeah oh look I’m gonna go smoke some seeds yeah we’re living in like history right now when it comes to like the actual legalization process right like as much as the the farm bill the previous one that that that unleashed the Kraken for hemp right and everybody’s buying and realize like cambon oids and this is medicine and then now we got this descheduling thing rescheduling thing coming up where like eventually they’ll all like meet uh recently here in Washington state I just saw a news article where this uh van it was a shootout and so like within the investigation of that they went to this RV found all kinds of guns all kinds of uh meth fentanyl right you know what they didn’t find they didn’t find weed like like they weren’t selling weed in was there’s no Market out here right like and if there is it’s a small contingent that’s not going to like the homeless Camp Washington State really walked a tight RPP well in the sense that again awarding them by a lottery in a li in a limited way is is very smart for reducing um crime reducing exploitation and we we’ll probably meet that out here in Illinois here soon but uh they also gave away enough licenses to have a full but yet limited market so you don’t need your guy anymore there are enough stores and there are enough Growers that get a license like they will help you I mean like you have some insulation but if you suck at what you do and have a license that isn’t going to mean that you get to make money and so like I I think that that that sweet spot of the limit where it’s like you have this a regulatory burden imposed on you so we think that the industry can support this many licenses if that’s one of the line items on their pnls where it’s like compliance so okay here’s compliance we’ve laid that on top of you and we’re going to give you like you know if you’re really good you can get a 40% profit margin if you suck you could go broke and that’s kind of the Washington State Market it’s also like the role you choose to do right like I’m kind of glad we I’m really glad we didn’t win well I don’t know how did we win a can we grow in Illinois we can right oh no but I me as far as professionally oh sorry we would have to get a we could we could acquire a craft girl license we’ll also be able to win some there’s going to be another 50 at least they might revoke some uh in two months and so but I don’t want to there could be because I don’t know growing I don’t know I don’t know like like I wouldn’t know where cut like you do you because you grow and you understand all the n and stuff but like the store part the retail part [ __ ] yeah I’ve been doing that all my life I can go to stores overw I can do that but like it’s it’s it’s nicer to have the retail than the uh the cultivation but yeah uh then it’s how many retails and so like if we open where we want to open there ain’t no store for 10 miles yeah but I saying cultivators is what you guys need more to have the price points that we have here for the quality um yeah Micky didn’t you start growing weed this past summer weren you did you throw some seeds out my kittens killed kitten killed them my your cat or your kitten no I mean they’re still they’re about a year so but two of them okay it was cool this is another reason I don’t have cats they eat your weed they do they thought it was a cute play thing but I tried my cats love to eat my weed leaves it’s crazy posted videos on my Instagram got to make sure though folks that they don’t have tricomes on them cuz uh you know don’t do it do only do it in veg I guess is my point okay cats carboxilate weed with their stomach acids no they can’t they can’t I’m just making [ __ ] up all right man well speaking of making [ __ ] up let’s talk about our last story it has to do with um uh the industry and projections and so when they say it’s going to be this by 2030 you know it’s not really facts it’s it’s made up proje but that doesn’t mean it’s not news uh and so we have this story Federal cannabis shift the industry is projected to surpass a 100 billion by 2030 according to an expert and this is out of benzinga and that expert is CED up chart guy Kevin Hart is that what it said comedian Kevin Hart you’re like what comedian Kevin Hart I like coked up chart guy but no no it’s not um green check verified founder and CEO Kevin Hart no not that Kevin Hart uh he is a frequent speaker at benzinga Capital conferences and I am not because I run a podcast I am old enough to remember when they used to say that uh uh cannabis like if it was legalized would never make a dent into our our nation’s economy right and then what was it like last year we talked about where the one F Federal Bank uh noted that in the Kentucky Kentucky Missouri area uh it actually made an impact like a percentage of their GDP or whatever so that’s pretty cool well that’s that’s kind of how it is I mean like people want to buy weed and they will continue to buy weed Now is it going to be one of those weed things where they can buy it and and it’ll make sense for people no that we can’t have it’s too far away but uh one step at a time yeah I’m looking forward to like getting our dispensary open I just hope we have long enough for us to get the hell out of it then if it’s going to turn into everybody sells weed or like the worst thing is the the AI 3D printers can just you hit like bull please with this type of cannabis and oh [ __ ] I can’t I’m not really worried about our store though I think you know even because when scheduling happens we’re going to be unique spot uh because just the way the bureaucracy works right the regulation process forever that it takes forever it’s not I know that nobody knows the answer Tom maybe right now but what do you think like since you’re going to be it wouldn’t really affect you since cannabis is a recommendation not a prescription right or or would it since no I want us I wanted 2911 to pass so that we were um hybrid like Missouri in the sense that then that would allow us to become compliant with the federal schedule three rules that they’ll have even if Donald Trump wins I hope but I’m just kind of worried like after like they got rid of your you no long thank you for tuning in to Canam legalization news just your friendly reminder you have no right to privacy that’s right Ro v Wade was overturned over a year ago you cannot even make a decision on how to treat your own body thanks and uh and so like you think that schedule three weed is GNA be there you know what happens if Donald Trump appoints that one guy from Sam K sabat will be the drugar well again the leadership I don’t think that leadership’s there I don’t know why these guys keep chasing the orange julius I don’t know I mean like we can turn this whole debate into like why that guy’s bad but like should have Sam on this show I would love to connect you with Sam with people would you like that Emil me I’ll ignore his email too I’m block I think it’d be awesome to have him on I’d love to see I would ignore it I would still ignore I I would like refer him to a Rick Roll uh I as fast as I could yeah but I think sometimes though I would just like because like I want to [ __ ] with them like I don’t agree with what he does I I would ask him where he gets his money and be like so if I’m going through your W2s because I’m assuming that you don’t own the place uh who’s paying those W2s and so like I I I think it is it’s the old what was that Matthew 6:21 where your treasure is so will your heart be h right right no I get you like like people who were were prohibitions better and I look at the bigger picture though like what are you trying to enable and these people like converts the message where it’s like oh we want uh the to be regulated well we want cannabis to be regulated right well what is right you know then they they throw the fearmonger with like big Pharma big tobacco and you know we don’t want big cannabis you know and it’s like you’re going to have that no matter what there’s three [ __ ] grocery stores in the world there’s two [ __ ] breweries uh you know when Tom and I get into the business depending on how this works for us in our store you know with reinvesting it you know do we become a franchise do we sell out and just you know franchise it’s impossible well in time not like a week you know we still not even you know how would it be impossible you got cookies I bet we could make something [ __ ] cookies does licensing agreements they don’t do franchise agreements franchises are impossible because the licensing is just just complet completely batshit different place you go so I’ve never seen a franchise agreement be able to go from one state to the next and I’ve seen some that I’m just kind of like Li just laugh at it I’m like wow those Oklahomans St is kind of one I’ve seen them in or am I wrong I’ve seen them in Colorado and now they’re in Illinois uh that’s a multi-state operator that’s different so that’s like they that’s more along the line with cookies where they’re going to have this overarching brand and then they reach out to people that already have a license I do and so like I don’t I really don’t have like brand aspirations for our dispensary I just don’t but um and so like yeah we could get a manager that wants to have another whatever whatever brand Under uh under control and then we could interview them and see if they want to like run it and then we could have them be a sponsor of the show all that kind of crap but they’d have to take a reasonable management fee as opposed to an exorbitant management fee I oh [ __ ] yeah it’s almost 420 again we’ve done it we’ve done it another we’ve been a good hour and 14 minutes talking with Cole and migy in the news so uh I think we should just probably wrap it up that’s our show we got We’re Gonna Leave You on a 420 uh Cole thanks for joining us where can people find you yeah uh go to the Cole memo.com or Co memo.com each either works uh you can find my podcast there and everything I do and if if I could just give a quick shout out to a project that I’ve done that I’m really proud of go to co memo.com hisory for my Illinois folks uh it’s it’s a history into Happy 420 um Illinois cannabis activism I produced like a photo arive that I don’t know you can find anywhere else and uh some protests that actually happened back in the day on the University of Illinois campus I inter interviewed people that participated in those protests and uh I’m just really proud out of it so check it out at the co memo.com and I just want to thank you uh Miggy and Tom again for inviting me back on and for being so supportive of me over the years and for making one of the best shows about cannabis on the internet um truly appreciate you all so thank you dude appreciate you man thank you yep and thank you guys especially the members the members they make the credits and they might even get to win some crap so tune in next week hell yeah [Music]
The Cole Memo 
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