3WiseSlaps
3wiseslaps is Ini, Paul, Manny and Tobi. They explore life and societal issues from their perspective. They love to laugh, be silly, and get deep. The podcast will feature conversations about pop culture, fashion, health, & more.
3WiseSlaps
The One About Cannabis
Do you want to learn more about Cannabis and how it affects Canada?
Join the 3WiseSlaps and Big Dave as we talk about the laws, the economy, and the culture of cannabis. We'll also compare it to alcohol, explore its mental health benefits.
Don't miss this dope episode on cannabis!
This is Paul in Etobie and we are the Three Wise Labs podcast. Thanks everyone for joining us again in another episode. We have our friend here joining us for a quick conversation we're going to have today. Big Dave, you want to say hi?
Speaker 2:I don't know if I'm not big, but my name's. Dave.
Speaker 3:Hi Dave.
Speaker 1:Nice to see everyone. Today we're going to talk about cannabis, and I said that we're in Canada because it's legal. We're legal to consume, sell only if you're licensed And if you want to grow. Fun fact you can grow up to four plants in your house for your personal use.
Speaker 3:You can grow in the kitchen or whatever you want, oh.
Speaker 1:It's legal to have up to four plants in your house.
Speaker 4:Without a license.
Speaker 2:Without a license, just not in Manitoba, yeah.
Speaker 4:This doesn't sound like my province. Just like my province.
Speaker 2:Yeah, i feel good now That's being challenged before right now.
Speaker 1:Does this go right now?
Speaker 2:Yeah, i think Quebec and Manitoba were the only two that didn't do the four plant thing. I think Quebec has lost that and Manitoba will fall, still fighting it.
Speaker 1:It's so ridiculous that Manitoba is one of the strictest province when it comes to cannabis use Progressive. I was looking at Ontario.
Speaker 4:It's so wide open.
Speaker 1:You can use it in public, no one disturbs you here It's like literally you can't have it close to you while driving. Even though it's sailed, you can still have it close to you while driving.
Speaker 3:That's crazy.
Speaker 1:Tickets.
Speaker 4:Apparently, even the cops can ask you for your receipts. If they see you holding like a branded government cannabis bag, it's like OK, did you just get that?
Speaker 3:I didn't steal it. You know what I had to buy.
Speaker 4:I didn't give you a heads up, but when you purchase, that you're right. You're right, You get a receipt you get home, Don't just chuck it out.
Speaker 3:That's crazy. That's crazy.
Speaker 1:It happened to me recently. The guy was like I don't even suppose, like oh no, you need your receipts.
Speaker 3:You will stop by the cops Yeah.
Speaker 1:No, you don't like this.
Speaker 3:Oh, those salesperson, Oh yeah, no, no, no, because I never ask for receipts for anything Like let's save the planet. Really don't keep waiting out there. You may see it, bro Like no, no, no, keep your receipts.
Speaker 1:You need to receive.
Speaker 3:I never understood why That makes sense. That's crazy.
Speaker 2:That's for like your license, yeah, in reality no cops are ever going to do that.
Speaker 3:It's not worth the fucking hassle for them. True, true, true true.
Speaker 1:It's. I still feel like it's one of the smartest and prime minister did by making it legal, because the amount of money they've made off it I was reading a number that says, like the government has, like the legal marijuana has contributed $43.5 billion dollars to the country's GDP.
Speaker 3:Well, since 2018, since 2018. Since 2018, yeah, Oh man, let me make a money. Make a money. I'm missing out on all those dough. Let me make a money.
Speaker 2:Cash terms. I'm just trying to get a small piece of the pie.
Speaker 3:Small piece of the pie man.
Speaker 4:I don't need billions or millions, just six figures will be fine.
Speaker 1:It's crazy, though, because the report also says like it hires the job like legal market like 151,014 people currently directly have in total.
Speaker 3:It's great in jobs, yeah, just for that, like 43,000 direct jobs. I mean people growing, people selling at the retail end. It's all great in jobs.
Speaker 2:So wow Yeah.
Speaker 3:It's crazy.
Speaker 2:Anything, man I mean at the end of the day, like so many people smoke weed, so they got to keep growing.
Speaker 3:Yeah, at least here they do.
Speaker 4:So like, why is it taking so long? What is going on?
Speaker 1:From what I've read, it's dumb because it's the class for the Schedule One drug which is like federally, yeah, federally, and it's like because it's class for the Schedule One drug. If they want to get it off that they need to do research. Because Schedule One drugs is, there's no medical use.
Speaker 3:No medical benefit, You know for research they go.
Speaker 4:Oh, it's Schedule.
Speaker 1:One drug, so there's only for research.
Speaker 3:And it's like how can we?
Speaker 1:make it legal.
Speaker 2:If you don't, let us do research on the drug No medical value and high risk of addiction.
Speaker 1:Oh, that makes sense, and fentanyl that kills people with Schedule Two.
Speaker 3:And no Schedule One.
Speaker 1:There's no Schedule One.
Speaker 4:Wow, fentanyl is a bigger problem. They use like in the hospital.
Speaker 3:What's the bigger problem? Fentanyl is killing people right now.
Speaker 2:Most common painkillers used Yeah, like in childbirth For real Whoa.
Speaker 3:I didn't know that. I didn't know that until I had a kid.
Speaker 2:That's the most common. Because, it's very, very low dose And it doesn't last very long. It only affects you for about one hour, so you're not like doped out for a day or something, right Yeah so it's very acute.
Speaker 4:Wow Interesting. So is it like how is it administered? Is it like three?
Speaker 3:or Same way Yeah, oh, i said same way Yeah, oh, no I see why the lines get a bit blurry.
Speaker 4:So if you can be at least in the hospital, how much more in downtown we pick? Yeah, yeah.
Speaker 2:Oh, we need to legalize all drugs.
Speaker 3:No, for real. I think Joe Rogan said that to me. I said legalize all drugs so you can have some sort of control in a way Not all control, like yeah, and testing, and so you know, at least, if you're taking fentanyl, you know what you're actually doing. I know where he came from, people are going to do that anyway.
Speaker 2:True, true I love that.
Speaker 1:In Vancouver too, There's like a doctor that's doing that legal fentanyl that. I'm ensuring So people, long term users, they come, they have like a specific dose, they give them.
Speaker 3:I saw a documentary. I saw a documentary because people are addicts and addicts will stay not would stay addict, but some of them would stay addict for a while. So they just need a little bit of the good stuff, not the bad stuff. Obviously it's come from the government. They know what they get from the streets.
Speaker 2:They don't really know what they get And so it could be bad, very progressive in Vancouver with drug policy in general. Like there is excuse me, there's a number of groups out there that will, for free, test drugs. Like, if you're just like on the street you score some drugs, you can just like come in and they'll test it for you and tell you what it actually is.
Speaker 3:So make sure it's good, just so you don't kill yourself Taking something you don't know what it is. I've been seeing something Give them like needles too, like clean.
Speaker 2:Oh, yeah, yeah, clean needles in Vancouver. I lost my hand when I was back. Yeah, if I use it, that's what you find right there.
Speaker 3:Yeah, you can go on Kijiji, they'll like.
Speaker 1:Remember, it's what we were telling you before in our big game when you were going to walk previously, that you were trying to cross like a grass and you just saw like broken, used needles on the ground.
Speaker 2:Oh yeah, oh no, no Yeah, if you're in the right or the wrong part of town, like I mean and we have it pretty good here, like I don't know if you've like spent time on YouTube and like bad parts of the US, but there's literally just peep. It's like this in Vancouver.
Speaker 3:Yeah, like people just sitting on the side. I walked just like keeled over Cops, they're just doing it, they don't care.
Speaker 2:Yeah, it's complete epidemic, like there's nothing to be done.
Speaker 4:True Yeah.
Speaker 3:True, yeah, i think it's close to that.
Speaker 4:I worked with the city. One of my previous jobs was like cleaning up down.
Speaker 3:Worked at a city though. Yeah, I did a little bit of that and you got to wear, like needle, safe gloves.
Speaker 4:Oh my days, literally we used to play games to see how many needles it would fight in the game. I kind of make you trust it though. I really know how that was a scary part of my life Because you just be like picking up and you, just you, just you, just like pop in your face.
Speaker 3:Sometimes, oh my. Have you ever stabbed anyone before, though Like the needles? Have you ever, like, stabbed anyone at work, though?
Speaker 4:No, because you don't actually touch the needle, oh, to pick it up. Oh, that makes sense, that makes sense, so like no, but then also the way we control it is to give you little boxes where you like.
Speaker 3:Put it in, you can't just you can't just touch it, yeah, because you want it to stab somebody else. Totally Scary, scary. That's crazy, it is.
Speaker 1:And it's like from from the beginning of time, like humans always want to use some mind altering Oh yeah.
Speaker 3:Oh yeah, oh yeah.
Speaker 1:Yeah, it's something that you can never prevent, like you can never stop. What's the going to use?
Speaker 3:People are going to find a way. Yeah, they're always, always going to find a way, and just make it safe.
Speaker 1:That's how it is. If you're going to do it, at least you're doing it safe.
Speaker 3:They know what they're doing Yeah, yeah, yeah.
Speaker 2:So that's the answer, but like the political ramifications, like it's so complex, right? It is true, though There's so many like the power struggles and everything like.
Speaker 4:And I asked so complicated. Think about kids as well. Like how's it Like if, if it became easy to accessible? even if you said it's safe, what if kids now want to like safely administer?
Speaker 3:True, True, yeah, absolutely True. That makes sense.
Speaker 4:Yeah, yeah.
Speaker 2:Like something we can talk about today too, but like I honestly wasn't super knowledgeable about like use of cannabis when you're younger but, I like did some reading stuff lately and it's like very, very clear, like before you're 20 years old, like you should not.
Speaker 3:Not at all, not at all. Not even a little bit Brain development. Yeah, yeah, i saw that to you For sure.
Speaker 4:Yeah, very, very clear studies. That's good I can see that happening Yeah. You're still growing, you're still developing and we did.
Speaker 3:Alt is that development. That's what the age is Right.
Speaker 1:After like 2021, you're good.
Speaker 3:Hopefully, hopefully, hopefully hopefully, hopefully.
Speaker 4:And studies have shown that you're Gucci.
Speaker 1:I'm still like mind blown about the numbers. Just last number for taxes direct taxes. They've made $15.1 billion from taxes.
Speaker 4:Just like what they sell in the dispensaries Retail taxes, retail taxes or like corporate taxes.
Speaker 1:That doesn't include provincial governments. Wholesalers. And licensing fees Just from sales Wow.
Speaker 3:There's definitely more then.
Speaker 2:From 2018 to 2021.
Speaker 3:Just didn't go for his open bag.
Speaker 4:Trudeau likes to. he likes to, you know, he likes to chase the bag.
Speaker 2:So Oh yeah, crazy though The original trapper. He's the biggest trapper in the game now.
Speaker 3:Trapper of the year.
Speaker 4:I wonder if he uses that. Would be interesting to like find out.
Speaker 3:I wouldn't be surprised if people at the top do, though It's like they don't have to tell you. They don't have to tell you, they just have to be caught. That same Don't get caught smoking.
Speaker 2:Yeah, I mean it's like the same thing as saying like Oh, justin Trudeau drink alcohol. Of course There's a couple drinks in there, no big deal Right.
Speaker 4:As long as legal is like no big deal, True.
Speaker 1:And it's like Chris, how, even if the police stop you, unless you smoke inside the car or smoke ridiculous amounts. It's very hard for them to know if you are.
Speaker 4:Yeah, but their messaging right now is that they have ways of knowing that you're high.
Speaker 2:Yeah, they do have tests for it And I heard that. I know that, but I don't know anybody who's like it's still early days on that stuff.
Speaker 1:It's not like it can also be like a mindfuck, because they go like Oh, we have tests just to scare you.
Speaker 3:Oh yeah, Oh yeah, That's an excellent Like they don't really have to school. How would they know if you are True. So people have within this system. That's tricky to you know that's what I said.
Speaker 1:If you don't smoke ridiculous amount that you're out of it like we're booze. You can see the right there.
Speaker 2:The level is yeah, it's acute, Right Like there's a direct like blood alcohol to affect.
Speaker 1:Yeah, yeah, yeah, it's not like that with me. Yeah, yeah, yeah, That's right. What's more nuts Like? cause? alcohol is water soluble. Right, compensable, that's fat soluble.
Speaker 2:It does stick in your mouth.
Speaker 3:The doctor is talking right there bro.
Speaker 4:We stay in your system, so it could be the week after you get a test You might have weeding.
Speaker 3:Oh, this is from two weeks ago, so it's like how can they tell?
Speaker 1:Yeah, the blood test, Yeah, but it's, it's really interesting how like they can't really know And it's like, well, and people that are I heard I was listening to Snoop Dogg the sort of day and he was like big snoop. It was really interesting to me because that's so true, like if you put 100 people, that 100 guys that hate each other in their room I'm paraphrasing 100 put a hate each other in the room and you give them weed in like five, 10 minutes, they all be friends 100%.
Speaker 3:They'll all be laughing at jokes.
Speaker 2:I know they were funny.
Speaker 3:Yeah, they'll all be good.
Speaker 1:Boy, if you put, let's say, 100 put, a hate with alcohol.
Speaker 4:Alcohol is like yeah, like a small drop of booze.
Speaker 3:Yeah, yeah, someone's gonna be sure, yeah right, yeah, yeah, lots of fights, lots of fights.
Speaker 2:You should be required to be high in prison.
Speaker 3:What do you ever, what do you ever get stabbed in? True, that's true.
Speaker 4:Yeah, alcohol makes you sort of like lose your sense Just a little bit. You become a bit like freer, a bit looser, and like the advantage sometimes of that is in the social gathering.
Speaker 3:You're not in your head.
Speaker 4:You can really get started on to people that just a little bit off the edge.
Speaker 3:You know what I mean, definitely.
Speaker 4:But a little bit past that obviously. then things that's good like Wozzy, wozzy The next result of the fights in the club.
Speaker 1:Now they're just like oh, there's a stabbing on a fuck.
Speaker 3:There's always a alcohol involved. There's always alcohol. There's always alcohol, and I'll call it's not good for you that you put in spirit in yourself and it's killing all the bacteria. doctor can tell us right there, dr Paul, right Please do not take any medical.
Speaker 1:This is all vibes, of vibes.
Speaker 3:No license.
Speaker 1:Speaking of that just reminded me of Trump. When Trump was doing COVID, i was like oh take bleach.
Speaker 3:Trump's a joke.
Speaker 1:I.
Speaker 3:Brains bra, bleach bra, come on, come on Crazy man.
Speaker 1:Well, it's so interesting, like what one thing I've I've said looking at in this, in the kind of business like the Business side, like how to enter the industry.
Speaker 3:Okay, make this money bro I mean, it's a big industry right.
Speaker 2:So there's a lot of different ways to do that. There's markets that are a lot more developed than us, so you can kind of look ahead to what's gone gone on there, like California, for example California still pretty much like the global Mecca of cannabis, so you can look at how things have gone there. Like they had prop 215, which was the first time That legislation was passed that allowed you to. I don't know the specifics, but it was like they were allowed to grow and, in a regard, sell. I think it was a medically based system, but, yeah, you had an actual like non-black market cannabis culture there. There were shops, all that kind of stuff, and That was, like I want to say, early 2000s.
Speaker 3:There's just way ahead of us in terms of, like, cultural everything.
Speaker 2:So Yeah, it's just not federally. Yeah, yeah, and the US is tricky like that because you know different states whatever, and then they all have their own legislation And then federally it's like you said still schedule one drug.
Speaker 1:Yeah, i'm trying to remember if, when Canada decided to make what, do we make it illegal? I can't remember if the province were fighting to make the whole rules or was the government. I just went province, you make your rules.
Speaker 2:I can't remember, because as far as I know, in Canada, like there's a lot like Federal government sets the tone a lot more so than they do in the US right, like in the US. It's almost like you have 50 different little countries. Not quite as much here, like here. It's like you know a man, tobo. You can't have your four plans in Ontario. You can consume In public spaces. You can't hear. It's like little differences And it's crazy.
Speaker 1:I even hear you want a better like apartment complexes. Like they make the rules, it goes.
Speaker 3:Don't smell in the House you can like so wise different.
Speaker 1:Why the further coming? and make it legal. I can't do it outside.
Speaker 4:Can in park.
Speaker 1:You can do it in park and outside then, if an apartment you can do to your apartment complex. You can do it in your park only.
Speaker 3:It will get your house bro.
Speaker 2:It's a tricky. It's a tricky subject, though, right Yeah cuz it is different than alcohol.
Speaker 4:Yeah, it just is. Yeah, like, like, what? like maybe smell maybe smell like.
Speaker 2:I mean I could walk down the street and Drink a beer in an unmarked cup and like no, no one's gonna know what's up. No, kids are gonna see me like oh, that man's drinking alcohol.
Speaker 4:I mean there's, there's, yeah.
Speaker 2:There are secretive ways to consume cannabis and stuff, but it's just different and it's complicated.
Speaker 3:That's true, that is so true.
Speaker 4:Yeah, i'm gonna move here like the one that is safe, like oh, don't smoke on your balcony. Hmm, i was. I was like is there anyone really like?
Speaker 3:watching me on the back.
Speaker 4:I mean like then, when this building like actually obeying that like.
Speaker 3:I thought, i thought though.
Speaker 2:So, I don't know yeah, and some people do take like serious offense to it still right like snitching, like I know my neighbors. I Don't want to say they hate weed, but I get a very strong vibe that they're just like not cool with it. Yeah, and like I was smoking my backyard the other day and then I hear like their windows shut, He's trying to contaminate our brain.
Speaker 1:Big David again.
Speaker 2:The second time today.
Speaker 1:And it's still is crazy to me like the stigma on it was from Misconception. It's media knowledge It was just like it was propaganda. There wasn't enough research then for them to come to a conclusion?
Speaker 2:and they came to that conclusion and Forced a conclusion on people, and that story just kept on being passed on Generations, generation or sure, and we're still kind of in the middle of that right, like Because it's been Illegal for for such a long time, like really limited, like research to push everything into the arc. Yeah, so we're still in the middle of like there's a lot of research going on. We're still learning a lot of things about cannabis. Yeah, that's true, i was.
Speaker 1:I was into a woman in the state that was talking about. She was in the research and she said for it's very difficult to Get the whole of it. They wonder it's like accessible everywhere? for research wise was extremely difficult. Yes, and there's only one place in the states that you can get it legally like the FDA is approved Vendor's research. Sometimes he has to Restore order from Canada because Way better in advance when it comes to.
Speaker 4:No, we didn't stuff yeah shipped over and that's who.
Speaker 1:Another stress of getting lice and was got applying for a particular special.
Speaker 2:Yeah, yeah, yeah, I think we can all agree that's not beneficial for anybody, no way.
Speaker 2:There there was like a there's like a renaissance of Not to get too far off topic, but a renaissance of like research on psychedelics. That happened, i think it was I I read this recently, but I think it was like in the 50s and 60s when they were like, you know, like LSD was discovered and like psilocybin mushrooms and all this stuff, and then there was there was a lot of research going on. At the time it was like huge and They're finding all these benefits for like Like psychiatric therapy, and then it had a.
Speaker 2:Government just stomp that down and it was like no research no research?
Speaker 1:Yeah, or you're gonna Joe. Yeah, i remember that stuff. like before the government did that. This guy, this professor in Harvard. In Harvard, i was running tests on himself.
Speaker 3:I saw a Netflix document, yeah.
Speaker 1:Like he was getting students graduate students to come test it to and someone they were like oh my goodness, What is?
Speaker 2:it's as soon as it started having fun, the government shutting down.
Speaker 1:Too much fun.
Speaker 3:Can't let you have anything, you know?
Speaker 2:yeah, i feel like it's as soon as it left the lab. I'm gonna be like a cultural.
Speaker 1:You still have to add a human, human behavior now, like people are always gonna abuse it And when, when you abuse it, you cannot lead to further things like someone does. One of the story I was going on a Young gargoyle student coming to suicide after like after Parents now blame it on or no. Is that Psychiatrics and many people in suicide? no, necessarily what the person was dealing with. I mean, that's not necessary, like what people like to.
Speaker 3:Everyone's fine Blame.
Speaker 4:I'm playing man.
Speaker 1:So that's the blame, the wrong thing and because of blaming the wrong thing, you know, and force or not, and which now prevents further research true last true, last true, that's so true.
Speaker 3:And alcohol is obviously, i feel as even worse than we. It's like you can, you can look into it.
Speaker 2:I mean people having liver issues and drinking liquor and people dying of liquor taste like super complicated like everything, but like I'm sure you can put on paper that alcohol is just worse.
Speaker 1:It's crazy doing COVID open my eyes again, like how They shut down so many things, but they should buy liquor.
Speaker 3:They make money. Go home and drink. Go home and drink, yeah.
Speaker 4:That was an interesting thing for me, just seeing how they couldn't shut down the liquor store They couldn't do it like, and I thought about so many reasons why the government would leave you open. There's obviously money.
Speaker 3:Definitely money, though, and then there's obviously like the social aspect. Yeah, they bought all day.
Speaker 4:And like I don't know if they thought maybe it would calm people down, like if they had their like.
Speaker 3:They drink session at home and yeah it'll be at home.
Speaker 2:It's just some things you can't take away from society.
Speaker 3:True, true, that's so true, that's so true. They know it.
Speaker 1:A big one. I know a big one was that dependency. They were terrified about what would happen if you're someone that's like, let's say, constantly I call every day having to drink the love of sudden cold turkey Nothing.
Speaker 3:They were worried about what they don't. Go on the streets and protest, bro.
Speaker 1:And because of the withdrawal symptoms from alcohol is it happens faster. We can take up to 24 hours before you start getting the withdrawal symptoms from it. Well, like that's if you're a daily user we. Booze, it's faster than 24 hours, so it's crazy.
Speaker 4:You know chaos is gonna come up. That's crazy For sure managing society must be a tough job, Yeah right, it's not easy, yeah, i sympathize.
Speaker 1:I still, i'm still curious about the like the Entrance amounts, like you know, like, for example, if you want to start like a grocery store, like you can have like all or gas station, right. You can have like 500k or like Half a million or like a million to like enter to get everything required to start For weed. What do you think like?
Speaker 2:Yeah, i mean like really big, like grocery store, depends what you want to do. You want to be like a little mom and pop on the corner. You could probably put that together for like 20,000 bucks.
Speaker 4:I'm just guessing, like throwing a number out there, but like you know it depends what you want to do.
Speaker 2:Like um Legal market weed in canada. The bar is fairly high to get in Um retail is the most accessible thing. Um, i believe a retail license is 15,000.
Speaker 3:I think that's what I think it's 15 g's for a retail license. Don't call me on that. I'm gonna shut this bro. I ain't that growing yet.
Speaker 2:Bro. Well, like yeah, don't call me on this, but I believe it's 15,000 for a license. It's around there, Um, and then I think you're required to show it's like 75 or 100k in like available capital or something like that, don't make sure you're not just gonna go belly up right away.
Speaker 3:Oh, that's right.
Speaker 2:And then you, you know, get your space meet basic Requirements, so rent and then yeah, and then you know, rent and all that So like you could get a retail business off the ground that you have inventory and employees and all that. But yeah, you're still looking like well north of 100,000 to get into the retail space, small retail store. That's a small retail retail store, but that's in terms of the whole industry.
Speaker 2:That's a low bar really everything else, which is why there are so many retail stores. Because, like, there's a lot of people out there with 100, 200k and they thought it was all like a gold rush Just free money, right. But if you want to get in on like the, the cultivation side, like the bar is, is much higher. Like You're, you're not getting in as a legal cultivator for Much less than Half a mil.
Speaker 3:The only thing growing is where the money should be.
Speaker 2:You could get it done for less. but like in general, like if if you're Doing all the proper things Well, people use consultants and like talking about buildings and all like, like there's a lot or like, Like versus retail cultivation side. There's a lot of requirements to be able to do that And it costs a lot of money.
Speaker 3:like I mean, the world record might be like 150, 200,000, but yeah, and that's, that's super small scale, oh yeah, you want to be the next delta nine you better have a couple I'm lots of investors on your back These retailers, like do you know the ones that cultivate, or do they all grow?
Speaker 4:or it's the retailers?
Speaker 2:Yeah, um, they almost all Don't cultivate to don't call like oh yeah, all the little retail shops Are just retailers Like purchasing through. You know the government system, like buying inventory.
Speaker 4:They're selling Yeah so it's tough, like Tough, for like a consumer, to know who, like, the cultivators in society are like. Do they have brands? Do they have names? Yeah, like there there's a disconnect.
Speaker 2:It's somewhat from like cultivation to retail, but like Because it's different. It's different licenses, right, like you have a retail license and then on the the cultivation side, you have a um Production, i believe, is the term. Yeah, i think it's a production license, but that only allows you to grow. You then need an additional Processing license.
Speaker 4:That allows you to package, package, package, right.
Speaker 2:Oh, so like there's a lot of cultivators out there with just a Uh production license and then you need, like like delta nine, for example, the biggest like um production company. Here they have, you know, processing, and So processing also allows you to, like they acquire product from other cultivators, package it and then distribute, just stores. Yeah, it's a complex system. Wow, wow Yeah.
Speaker 3:It's a lot of yeah, a lot of money floating around. Yeah, that's crazy, yeah, so retail huh.
Speaker 1:So if you're looking anyone looking to go into industry in Canada, here Your best option, cheapest option, is retail 100, before thinking about growing and, but the money isn't growing.
Speaker 3:That, no, if you can grow, is that what the money is then to grow?
Speaker 2:as far as I know, retail is a pretty Crummy market, as is because it's still new right. So like it's very, very saturated, there's a lot of issues in the system. So As far as I know in personal experience, there's very few retailers that are actually like making making money, money, yeah.
Speaker 4:I mean I see the, the, the markups aren't like crazy, which is good for the consumer. I see that it's kind of pricey, like buying. It's come down a lot. It has come down.
Speaker 3:Yeah, it's over started way right. There's so many weeds, So obviously price.
Speaker 4:Yeah, I mean you can get like one gram for like One gram of average curse like 12, 13 dollars, yeah, which is reasonable like like black market rate was always like a 10 bucks for a ground.
Speaker 2:But, like that's evolved over time too. Yeah, far as I know, like legal market right now you can get like Like respectable quality Um for an ounce around like 100 240 dollars, which is In line with the black market.
Speaker 4:Um, okay, wait, do you mind if I pause there, like how we do the like numbers, like how many grams an ounce.
Speaker 3:My brain moving slow right now. What is an ounce? What is an ounce?
Speaker 4:Like like me, who don't really know like.
Speaker 3:I can't do no calculations. Oh, it is an ounce.
Speaker 2:An ounce of weed is like if you put both your hands. Fill them up.
Speaker 1:So, fair bit of weed. Yeah, like a double.
Speaker 2:Like a double palm full of your leg dying of thirst and you're trying to scoop. That's how much we were talking about 250 dollars one ounce and that's like 280, like 250 for like okay, so yeah, for an ounce on the legal market for the absolute highest price, best you can get. Yeah you're looking at like three 350 dollars. Holy kind of round up around there which is insane. And then on the black market you get this, you get the absolute top elite end for like 200 bucks.
Speaker 3:So it's not that different than from black to it's. It's converged For sure.
Speaker 2:Um, and it depends where you are to like. You know, if you're in Toronto, like people are paying much higher prices Vancouver.
Speaker 3:It's just everything's different. They know they got my money over there.
Speaker 1:It's crazy, like everything is just expensive, like inflation bro You got this over what? whatever, what inflation Yeah?
Speaker 2:Yeah, the general point I was trying to get to is that at least we've reached a point now in the legal market where for a reasonable price, you can actually get something that's like reasonable quality.
Speaker 4:Yeah, it's not garbage because their quality has been pretty bad, like absolutely diluted, like they wouldn't sell. like, if you can find like like 20, 20% THC, you're like, you're lucky. Like a lot of these dispensaries range fell 17, 18, 19 like 26. 27 is like the highest I've ever seen.
Speaker 3:Yeah, they don't want you flying.
Speaker 2:I mean, that's not the only thing that goes in quality right, Yeah there's a lot, a lot more that goes into it, but it gives you a general picture. But, like you know, black market, if you're like under 25%, it's like it doesn't even play. Like if you want good stuff, it's over 30% generally. But like that doesn't, that's doesn't just dictate quality.
Speaker 1:Well, i guess one of the advantages also, like with legal markets, like you know what you're getting.
Speaker 2:Yeah, right, it's true, i would certainly say that for like, for for flower, okay, like testing is good in in a regard, right, like you know, you're not getting harmful things like you're not getting pesticides in there. You're not getting like, because there's a lot of things when you call to that you can add bad stuff. If you don't care about your end product, you can add things that are like carcinogenic that just make it grow bigger?
Speaker 4:Yeah right.
Speaker 2:Like and nobody, with any respect for anyone trying to make money, but at least legal market like it has to go through a lab and you can guarantee that sound happened. That makes sense, that makes sense Long story short, know your plug.
Speaker 1:Doesn't matter. If it's a good touch, it would be on this city. Or indica, like doesn't matter. Or hybrid, like the price difference or the strength or quality difference doesn't matter. If that's the edge, you can just see us like it's going to be higher. Let's see if you get an indica minute percentage, quality wise or because they have different reactions, like in terms of agree talking price points yeah press and yeah quality, then like quality.
Speaker 2:Yeah, like price point, it's driven like any other market, right. It's like supply, demand and quality, right So and marketing. So there's hype shit out there that fetches a higher price, but like quality and supply and demand drive it the most And there's a lot that goes into quality. Like I say, it's not just THC percentages, there's a lot, a lot that goes in there, but you're still like serving a market, so they would just be like the craft beer market.
Speaker 4:You know, i mean like it's not just like oh, this guy has 7% in his craft beer, i'm going to do 8%.
Speaker 2:There's a lot of marketing and market nuance and market things. Markets change, people want different things, So things go in and out of style, but quality is ultimately like the backbone Really.
Speaker 4:So what do you think people ordered most right now? Like do you think like the world is more like satirized smokers or more indica?
Speaker 2:I mean, indica is always the champ, really Like people trying to sleep. War is just intense, right now Everyone's just trying to like chill. Yeah, so like. Indica is more of a general like sedative effect calming, good for sleep, good for pain management, good for appetite. Sativa is generally more of an uplifting cerebral effect. Doesn't make you as sleepy, but as it stands in the modern cannabis world because genetically, like, the plant has been expanded so much that everything kind of fits on that spectrum, right.
Speaker 2:So you have like you know, it's not just like. this is a hybrid and this is an indica. Most things are hybrids these days, Right.
Speaker 1:Wear on that sativa to end the spectrum. You're kind of sitting down.
Speaker 2:For sure, and it's a spectrum and there's a lot of cannabinoids and terpenes that go into how it affects you and it affects different people in different ways. So like really it's like you know, you're kind of like car shopping at this point. It's a big market and people like different things. It affects them differently, so like really just got to test drive things.
Speaker 1:Oh, you like your CBD kind of vibe.
Speaker 2:Yeah Right. And like talking about like quality relative to our THC percentages is not everybody wants high.
Speaker 3:THC.
Speaker 2:You have, like you know, you're like dedicated smokers that smoke all the time and they have a high tolerance. And then you have like your casual, like you know somebody who's in like university, and they just literally have like one little puff every now and then.
Speaker 4:And that's all they want.
Speaker 2:They don't want to get ripped, they want something that, just like, gives them a slight little buzz.
Speaker 4:A little buzz and like a nice little flavor Different for you The terpenes.
Speaker 1:that does the flavor.
Speaker 2:Yeah, terpenes, terpenes are largely. that's what's responsible.
Speaker 3:What a terpenes? don't mean Big, big technologies right there, though I don't know.
Speaker 2:I don't know the scientific side of it, but like a terpene is what's responsible for the smell and the flavor. So it's a volatile organic compound in the weed, yeah, that's naturally produced in the weed And there's terpenes in lots of things right, like flowers and fruits and stuff. And that's why that's why when people you know you might say like Oh, this weed smells like oranges. It's not because it like, smells like oranges, it's because it has the same terpenes as orange.
Speaker 3:It's the same chemical, it is a plant, it is a plant Any compounds that provide aromatics.
Speaker 2:It is a plant, and terpenes also lend themselves to different effects as well. Like the, the effects are certainly a majority driven by, like the THC and the CBD and the other cannabinoids, but terpenes also have an effect on that. Different terpenes affect the effects in different ways.
Speaker 3:Oh, that makes sense.
Speaker 2:That makes sense, Yeah Well like I, off the top of my head I can't remember about. Like you know, lemon terpenes lend themselves to an elevated feeling.
Speaker 3:So they'll be more into the Tiva stuff.
Speaker 2:Yeah, whereas like, and you'll have like terpenes that have more like how do I describe it? Like, like a like a skunkier type effect And those those lend themselves to more like sedative effects.
Speaker 3:So in the current I make sense, yeah, so it adds nuance to the effect of the main original company.
Speaker 1:So if I find myself smoking and I smoke on that like I get the orange taste and okay, this is what's going to be more likely to uplift you.
Speaker 2:Not a guarantee, but it does. Yeah, that makes sense.
Speaker 4:I have a question. So like I think I heard you say, like the kind of plant, like what, what determines, what makes you sativa, what makes you indica?
Speaker 2:Um it it largely just comes from, like those plants and where they evolved, so like indica plants generally. um, like, we're talking like cannabis in nature, like land race strains, as they're called. Um cause, cannabis wasn't created in a laboratory right. It came.
Speaker 3:It was a plant sent to us by God, though, so it's like you know.
Speaker 2:We started to breed it and whatever. But yeah, indica strains tend to come from more northern latitudes. They have a broader, bigger leaf structure to capture, you know, the light that's less abundant. And then um sativas, which have thinner leaf structure. They're taller, lankier, thinner leaf structure. They come from more um, like around the equator more so, where lights more abundant.
Speaker 3:So they need light capture tropical. So you could do indica in your house, put it in your room. We don't need no sunlight, so does that mean?
Speaker 4:like all the Chris, like uh, like, uh, what Escobar was in junior Chris.
Speaker 3:He was.
Speaker 1:At the beginning Pablo.
Speaker 4:Mr Pablo, yeah, you gotta start somewhere, so I guess all of those like like tropical, like Colombian and all of that stuff would would. Would it be safe to say those are probably mostly sativas.
Speaker 2:Like yeah, where the general genetic like sort of came from you know, and like, but those things have been brought into the hands of man for so long now.
Speaker 3:I'm bread, much like I imagine you know much like dogs coming from wolves, you can't just, you can't just talk about dogs.
Speaker 4:It's a very manmade thing. So I can imagine imagine someone like going on this Christ to find like pure sativa, like a pure sativa Right. Do people still do that Like?
Speaker 2:and that exists. It's just with the hybridization, the breeding, that's been done like it. It's just rare. Um and what you tend to see as a pure indica Interesting. Yeah, like those, yeah, like pure sativa just off hand. I can't think of any, but like pure indica does exist, is it Can?
Speaker 1:you. We talked about supply and demand. To the supply and demand also have a play, a role to play in that sense of people are demanding more, indica People tend to be more.
Speaker 3:Oh yeah, people trying to sleep.
Speaker 1:Absolutely.
Speaker 2:Absolutely.
Speaker 3:Yeah, Try to reduce the stress you know, life is stressful.
Speaker 2:Yeah, and like also too. like, aside from hybridization, but like. Not all Indicas are the same, like and they can affect people in different ways. Like you can have an indica that might put you straight to bed and it might not do the same for me.
Speaker 2:Everyone has different tolerance for body size and body mass and all those And just just the random element to it, Like, uh, the stuff I was reading recently, um, there's also no predetermining factors for those things. Like you can't say, Oh, like you're say of this race, So you're more predetermined to be affected this way or you have a family history of this There's no predetermining factors. You just have to run.
Speaker 3:You just got to know It might put you straight to bed and might wake you up, so it's like crazy.
Speaker 1:It's always good to start small If you're gonna have to go with it.
Speaker 3:Anything in life starts small for sure. Don't go big.
Speaker 2:I would, And I do think that's kind of the benefit to of starting with um smoking versus, like I would not recommend starting with edibles. Yeah, cause you can literally have like one small inhalation of cannabis and then like wait an hour and see how it affects you.
Speaker 4:Yeah, yeah, can't really do that with animals, go around with edibles, and you're stuck in that like two, three hours of like what did I just do?
Speaker 3:Oh yeah, Till you come out of it.
Speaker 4:You can't puke it out, can you No?