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
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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!
Cannabis Legalization and Drug Policy
Speaker 1This 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 2I don't know if I'm not big, but my name's. Dave.
Speaker 3Hi Dave.
Speaker 1Nice 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 3You can grow in the kitchen or whatever you want, oh.
Speaker 1It's legal to have up to four plants in your house.
Speaker 4Without a license.
Speaker 2Without a license, just not in Manitoba, yeah.
Speaker 4This doesn't sound like my province. Just like my province.
Speaker 2Yeah, i feel good now That's being challenged before right now.
Speaker 1Does this go right now?
Speaker 2Yeah, 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 1It's so ridiculous that Manitoba is one of the strictest province when it comes to cannabis use Progressive. I was looking at Ontario.
Speaker 4It's so wide open.
Speaker 1You 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 3That's crazy.
Speaker 1Tickets.
Speaker 4Apparently, 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 3I didn't steal it. You know what I had to buy.
Speaker 4I 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 3That's crazy. That's crazy.
Speaker 1It happened to me recently. The guy was like I don't even suppose, like oh no, you need your receipts.
Speaker 3You will stop by the cops Yeah.
Speaker 1No, you don't like this.
Speaker 3Oh, 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 1You need to receive.
Speaker 3I never understood why That makes sense. That's crazy.
Speaker 2That's for like your license, yeah, in reality no cops are ever going to do that.
Speaker 3It's not worth the fucking hassle for them. True, true, true true.
Speaker 1It'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 3Well, 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 2Cash terms. I'm just trying to get a small piece of the pie.
Speaker 3Small piece of the pie man.
Speaker 4I don't need billions or millions, just six figures will be fine.
Speaker 1It'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 3It'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 2So wow Yeah.
Speaker 3It's crazy.
Speaker 2Anything, man I mean at the end of the day, like so many people smoke weed, so they got to keep growing.
Speaker 3Yeah, at least here they do.
Speaker 4So like, why is it taking so long? What is going on?
Speaker 1From 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 3No medical benefit, You know for research they go.
Speaker 4Oh, it's Schedule.
Speaker 1One drug, so there's only for research.
Speaker 3And it's like how can we?
Speaker 1make it legal.
Speaker 2If you don't, let us do research on the drug No medical value and high risk of addiction.
Speaker 1Oh, that makes sense, and fentanyl that kills people with Schedule Two.
Speaker 3And no Schedule One.
Speaker 1There's no Schedule One.
Speaker 4Wow, fentanyl is a bigger problem. They use like in the hospital.
Speaker 3What's the bigger problem? Fentanyl is killing people right now.
Speaker 2Most common painkillers used Yeah, like in childbirth For real Whoa.
Speaker 3I didn't know that. I didn't know that until I had a kid.
Speaker 2That'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 4Wow Interesting. So is it like how is it administered? Is it like three?
Speaker 3or Same way Yeah, oh, i said same way Yeah, oh, no I see why the lines get a bit blurry.
Speaker 4So if you can be at least in the hospital, how much more in downtown we pick? Yeah, yeah.
Speaker 2Oh, we need to legalize all drugs.
Speaker 3No, 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 2True, true I love that.
Speaker 1In 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 3I 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 2They 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 3So 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 2Oh, 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 3Yeah, you can go on Kijiji, they'll like.
Speaker 1Remember, 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 2Oh 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 3Yeah, like people just sitting on the side. I walked just like keeled over Cops, they're just doing it, they don't care.
Speaker 2Yeah, it's complete epidemic, like there's nothing to be done.
Speaker 4True Yeah.
Speaker 3True, yeah, i think it's close to that.
Speaker 4I worked with the city. One of my previous jobs was like cleaning up down.
Speaker 3Worked at a city though. Yeah, I did a little bit of that and you got to wear, like needle, safe gloves.
Speaker 4Oh 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 3Sometimes, oh my. Have you ever stabbed anyone before, though Like the needles? Have you ever, like, stabbed anyone at work, though?
Speaker 4No, 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 3Put 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 1And it's like from from the beginning of time, like humans always want to use some mind altering Oh yeah.
Speaker 3Oh yeah, oh yeah.
Speaker 1Yeah, it's something that you can never prevent, like you can never stop. What's the going to use?
Speaker 3People are going to find a way. Yeah, they're always, always going to find a way, and just make it safe.
Speaker 1That's how it is. If you're going to do it, at least you're doing it safe.
Speaker 3They know what they're doing Yeah, yeah, yeah.
Speaker 2So 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 4And 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 3True, True, yeah, absolutely True. That makes sense.
Speaker 4Yeah, yeah.
Speaker 2Like 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 3Not at all, not at all. Not even a little bit Brain development. Yeah, yeah, i saw that to you For sure.
Speaker 4Yeah, 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 3Alt is that development. That's what the age is Right.
Speaker 1After like 2021, you're good.
Speaker 3Hopefully, hopefully, hopefully hopefully, hopefully.
Speaker 4And studies have shown that you're Gucci.
Speaker 1I'm still like mind blown about the numbers. Just last number for taxes direct taxes. They've made $15.1 billion from taxes.
Speaker 4Just like what they sell in the dispensaries Retail taxes, retail taxes or like corporate taxes.
Speaker 1That doesn't include provincial governments. Wholesalers. And licensing fees Just from sales Wow.
Speaker 3There's definitely more then.
Speaker 2From 2018 to 2021.
Speaker 3Just didn't go for his open bag.
Speaker 4Trudeau likes to. he likes to, you know, he likes to chase the bag.
Speaker 2So Oh yeah, crazy though The original trapper. He's the biggest trapper in the game now.
Speaker 3Trapper of the year.
Speaker 4I wonder if he uses that. Would be interesting to like find out.
Speaker 3I 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 2Yeah, 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 4As long as legal is like no big deal, True.
Speaker 1And 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 4Yeah, but their messaging right now is that they have ways of knowing that you're high.
Speaker 2Yeah, 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 1It's not like it can also be like a mindfuck, because they go like Oh, we have tests just to scare you.
Speaker 3Oh 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 1If you don't smoke ridiculous amount that you're out of it like we're booze. You can see the right there.
Speaker 2The level is yeah, it's acute, Right Like there's a direct like blood alcohol to affect.
Speaker 1Yeah, 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 2It does stick in your mouth.
Speaker 3The doctor is talking right there bro.
Speaker 4We stay in your system, so it could be the week after you get a test You might have weeding.
Speaker 3Oh, this is from two weeks ago, so it's like how can they tell?
Speaker 1Yeah, 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 3They'll all be laughing at jokes.
Speaker 2I know they were funny.
Speaker 3Yeah, they'll all be good.
Speaker 1Boy, if you put, let's say, 100 put, a hate with alcohol.
Speaker 4Alcohol is like yeah, like a small drop of booze.
Speaker 3Yeah, yeah, someone's gonna be sure, yeah right, yeah, yeah, lots of fights, lots of fights.
Speaker 2You should be required to be high in prison.
Speaker 3What do you ever, what do you ever get stabbed in? True, that's true.
Speaker 4Yeah, 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 3You're not in your head.
Speaker 4You can really get started on to people that just a little bit off the edge.
Speaker 3You know what I mean, definitely.
Speaker 4But a little bit past that obviously. then things that's good like Wozzy, wozzy The next result of the fights in the club.
Speaker 1Now they're just like oh, there's a stabbing on a fuck.
Speaker 3There'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 1This is all vibes, of vibes.
Speaker 3No license.
Speaker 1Speaking of that just reminded me of Trump. When Trump was doing COVID, i was like oh take bleach.
Speaker 3Trump's a joke.
Speaker 1I.
Speaker 3Brains bra, bleach bra, come on, come on Crazy man.
Speaker 1Well, 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 3Okay, make this money bro I mean, it's a big industry right.
Speaker 2So 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 3There's just way ahead of us in terms of, like, cultural everything.
Speaker 2So 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 1Yeah, 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 2I 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 1I even hear you want a better like apartment complexes. Like they make the rules, it goes.
Speaker 3Don't smell in the House you can like so wise different.
Speaker 1Why the further coming? and make it legal. I can't do it outside.
Speaker 4Can in park.
Speaker 1You 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 3It will get your house bro.
Speaker 2It's a tricky. It's a tricky subject, though, right Yeah cuz it is different than alcohol.
Speaker 4Yeah, it just is. Yeah, like, like, what? like maybe smell maybe smell like.
Speaker 2I 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 4I mean there's, there's, yeah.
Speaker 2There are secretive ways to consume cannabis and stuff, but it's just different and it's complicated.
Speaker 3That's true, that is so true.
Speaker 4Yeah, 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 3watching me on the back.
Speaker 4I mean like then, when this building like actually obeying that like.
Speaker 3I thought, i thought though.
Speaker 2So, 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 1Big David again.
Speaker 2The second time today.
Speaker 1And 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 2and 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 1I 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 4No, we didn't stuff yeah shipped over and that's who.
Speaker 1Another stress of getting lice and was got applying for a particular special.
Speaker 2Yeah, yeah, yeah, I think we can all agree that's not beneficial for anybody, no way.
Speaker 2There 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 2Government just stomp that down and it was like no research no research?
Speaker 1Yeah, 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 3I saw a Netflix document, yeah.
Speaker 1Like he was getting students graduate students to come test it to and someone they were like oh my goodness, What is?
Speaker 2it's as soon as it started having fun, the government shutting down.
Speaker 1Too much fun.
Speaker 3Can't let you have anything, you know?
Speaker 2yeah, i feel like it's as soon as it left the lab. I'm gonna be like a cultural.
Speaker 1You 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 3Everyone's fine Blame.
Speaker 4I'm playing man.
Speaker 1So 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 3And alcohol is obviously, i feel as even worse than we. It's like you can, you can look into it.
Speaker 2I 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 1It's crazy doing COVID open my eyes again, like how They shut down so many things, but they should buy liquor.
Speaker 3They make money. Go home and drink. Go home and drink, yeah.
Speaker 4That 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 3Definitely money, though, and then there's obviously like the social aspect. Yeah, they bought all day.
Speaker 4And like I don't know if they thought maybe it would calm people down, like if they had their like.
Speaker 3They drink session at home and yeah it'll be at home.
Speaker 2It's just some things you can't take away from society.
Speaker 3True, true, that's so true, that's so true. They know it.
Speaker 1A 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 3They were worried about what they don't. Go on the streets and protest, bro.
Speaker 1And 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 4You 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 1I 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 2Yeah, 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.
Canada's Legal Cannabis Market
Speaker 4I'm just guessing, like throwing a number out there, but like you know it depends what you want to do.
Speaker 2Like 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 3I 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 2Bro. 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 3Oh, that's right.
Speaker 2And 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 2That'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 3The only thing growing is where the money should be.
Speaker 2You 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 3like 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 4or it's the retailers?
Speaker 2Yeah, 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 4They'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 2It'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 4That allows you to package, package, package, right.
Speaker 2Oh, 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 3It's a lot of yeah, a lot of money floating around. Yeah, that's crazy, yeah, so retail huh.
Speaker 1So 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 3That, no, if you can grow, is that what the money is then to grow?
Speaker 2as 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 4I 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 3Yeah, it's over started way right. There's so many weeds, So obviously price.
Speaker 4Yeah, 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 2But, 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 4Um, okay, wait, do you mind if I pause there, like how we do the like numbers, like how many grams an ounce.
Speaker 3My brain moving slow right now. What is an ounce? What is an ounce?
Speaker 4Like like me, who don't really know like.
Speaker 3I can't do no calculations. Oh, it is an ounce.
Speaker 2An ounce of weed is like if you put both your hands. Fill them up.
Speaker 1So, fair bit of weed. Yeah, like a double.
Speaker 2Like 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 3So it's not that different than from black to it's. It's converged For sure.
Speaker 2Um, and it depends where you are to like. You know, if you're in Toronto, like people are paying much higher prices Vancouver.
Speaker 3It's just everything's different. They know they got my money over there.
Speaker 1It's crazy, like everything is just expensive, like inflation bro You got this over what? whatever, what inflation Yeah?
Speaker 2Yeah, 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 4Yeah, 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 3Yeah, they don't want you flying.
Speaker 2I 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 1Well, i guess one of the advantages also, like with legal markets, like you know what you're getting.
Speaker 2Yeah, 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 4Yeah right.
Speaker 2Like 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 1Doesn'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 2Yeah, 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 4You 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 2There'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 4So 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 2I 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 2So 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 1Wear on that sativa to end the spectrum. You're kind of sitting down.
Speaker 2For 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 1Oh, you like your CBD kind of vibe.
Speaker 2Yeah Right. And like talking about like quality relative to our THC percentages is not everybody wants high.
Speaker 3THC.
Speaker 2You 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 4And that's all they want.
Speaker 2They don't want to get ripped, they want something that, just like, gives them a slight little buzz.
Speaker 4A little buzz and like a nice little flavor Different for you The terpenes.
Speaker 1that does the flavor.
Speaker 2Yeah, terpenes, terpenes are largely. that's what's responsible.
Speaker 3What a terpenes? don't mean Big, big technologies right there, though I don't know.
Speaker 2I 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 3It's the same chemical, it is a plant, it is a plant Any compounds that provide aromatics.
Speaker 2It 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 3Oh, that makes sense.
Speaker 2That 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 3So they'll be more into the Tiva stuff.
Speaker 2Yeah, 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 3So in the current I make sense, yeah, so it adds nuance to the effect of the main original company.
Speaker 1So 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 2Not a guarantee, but it does. Yeah, that makes sense.
Speaker 4I 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 2Um 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 3It was a plant sent to us by God, though, so it's like you know.
Speaker 2We 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 3So 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 4like all the Chris, like uh, like, uh, what Escobar was in junior Chris.
Speaker 3He was.
Speaker 1At the beginning Pablo.
Speaker 4Mr 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 2Like 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 3I'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 4It'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 2and 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 1you. 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 3Oh yeah, people trying to sleep.
Speaker 1Absolutely.
Speaker 2Absolutely.
Speaker 3Yeah, Try to reduce the stress you know, life is stressful.
Speaker 2Yeah, 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 2Everyone 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 3You just got to know It might put you straight to bed and might wake you up, so it's like crazy.
Speaker 1It's always good to start small If you're gonna have to go with it.
Speaker 3Anything in life starts small for sure. Don't go big.
Speaker 2I 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 4Yeah, 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 3Oh yeah, Till you come out of it.
Speaker 4You can't puke it out, can you No?