Dispensary Inspection Passed + DEA Registration Window, Schedule III, and State Cannabis Updates

The hosts discuss their Illinois dispensary passing its regulatory inspection on the first attempt, share examples of required compliance fixes (signage, plexiglass barriers, door relocation, and added redundant cameras), and describe setting up a punch-card rewards program integrated with Dutchie to prevent fraud while aiming for a smaller, fresher menu. They cover a DEA registration portal expansion limited to medical license holders and debate a “self-certifying medical use” approach as federal Schedule III efforts progress, including House action to allow VA doctors to recommend medical marijuana to veterans. Additional updates include Georgia’s Patients First Act expanding qualifying conditions and changing caps, Arkansas tax implications tied to 280E, Susan Collins urging FBI help with illegal Maine grow houses, hemp beverage retail trends, ATF form wording on medical marijuana, a BEA memo on tracking illegal activity alongside legal markets, and a rundown of popular U.S. cannabis strains.

Transcript

Welcome and Newsletter

SPEAKER_00 0:00

What are up? You're tuned into the number one podcast for cannabis law, policy. And then Megan, I like to rant because it's bull crap. Now, every week we send the stories that we're going to do and notice when we go live on YouTube to our email subscribers. You can become one of them by scanning that QR code with your phone and signing up for our newsletter. This week it ends May 17th. Quite a few little stories are coming in. Some are federal, some are around the states, and um we got 10 of them. So let's get into those. Okay, my mouse is having a little bit of a stroke. Because I'm at a graduation.

SPEAKER_02 0:53

In life.

Dispensary Inspection Win

SPEAKER_02 0:54

But like the whole like I and I think you remind me sometimes when we talk about our what we've been doing here. We we're not journalists, but we are we have been observing legalization for a long time. Like that's decades. Decades.

SPEAKER_00 1:08

So it's like if anything, we are the authority on top of things, but like we're just two average citizens who authority pass their cannabis dispensaries regulatory inspection in Illinois on the first go.

SPEAKER_02 1:26

We're getting there, baby.

SPEAKER_00 1:28

And tell the people that, and so we should probably get to our first story, which of course is that we passed our inspection on the first go. No, it was Wednesday. It was pretty, pretty rough. And so, Mickey, you had up the the pictures that I shared with you, and so we've already fixed a lot of the compliance issues. We can show our viewers how compliance works, which is pretty hilarious. And then we do have a DEA story that's out where they're just expanding. I'm gonna after we cover that, I'll give you my little it could be true that might work. Hack that I think we're gonna do until everything's in schedule three, just to make it defensible. We don't we haven't done any business, we don't have to file our taxes until the end of the year.

Compliance Fixes Tour

SPEAKER_00 2:16

But there it is. That's one of the compliance signs. And so some of the signs aren't that size because they didn't say it had to be that they wanted us to do that, but not that picture. The the ones with the that that okay, I don't know, then I'm back. But that was one of the issues that we had to fix. We had to put that plexiglass on there and then those signs so that people could not reach around and open that particular door. But that was a pretty quick fix. That one's good, and then go to the next one. We had to move a door, okay.

SPEAKER_02 2:49

So there's that one's like I mean when this image share file thing, which makes it a lot easier. I don't know.

SPEAKER_00 2:53

I just gotta yeah, but isn't that stupid? I don't know. Oh, there that door did not used to be there, and it used to be like further back in, and so now that door is moved, so that is a bathroom marked private, and so it no longer needs to have a camera in it. We do have to put another camera in that room so we have redundancies in that room. We need to put another camera there, and then we need to put another camera in the vault so that the vault has redundant cameras as well. The term a phrase redundant cameras does not exist in the control of the CRTA, the cannabis regulation and tax acts, unlike you know Meggie Nars's definition of qualified social equity applicant, which DCO does not agree with. And so, like, if we would have gotten that $245,000 loan from the state of Illinois, we would have fewer creditors than be able to open better. But evidently, we're not social equity, even that which makes no sense. Like, you cannot get this license unless they qualify you as social equity and you win lottery. That's all right. Next Sunday, I'll have that lawsuit on file. Like I already have it drafted. I just can't believe I have to file it because like I've sued the state of Illinois so many times. Anyway, let's talk about what else is going on and campus legalization reform. And I'll give you a little chestnut after that because I want to it there's a couple of videos, and I want to get done. It's just that I don't have the time because this the store's not open yet.

SPEAKER_02 4:27

Well, here's here's what I've read. This is what this is I think we're gonna get a lot of questions on because of this topic of uh the DEA right. Oh, hey, low, wrong one. Oh my god. This is the problem when you start when you share an image and uh you give me too many tabs, stream yard. Give me too many tabs.

DEA Registration Window

SPEAKER_02 4:47

But, anyways, the DEA registration uh window opens for cannabis operators. Do we qualify?

SPEAKER_00 4:56

No, damn it. And now they're gonna start the portal for because they started the portal for the dispensaries only, and now all their uh other ones are catching up. So analytical labs, distributors, manufacturers, those ones are gonna have a new publication coming up where they can also apply to be registered with the DEA and then be schedule three and federally compliant with at least the controlled substances side of the two laws, like the Controlled Substances Act and the Food, Drug, and Cosmetics Act. Still no compliance there, no interesting commerce. But this is what I'm gonna be doing a video on, and I think we should do. First, we got this is one of our loyalty cards over at the dispensary. So it's a punch card system. I'll tell you about how we don't get defrauded on that in a

Medical Use Semantics

SPEAKER_00 5:54

bit. But we should have some signage that says all of our customers are self-certifying they're buying this for medical purposes.

SPEAKER_02 6:02

All use is medical use, anyways.

SPEAKER_00 6:04

All use is medical use.

SPEAKER_02 6:06

Yeah, it's this is semantics at this point, no?

SPEAKER_00 6:09

Oh my gosh, arbitrary and absurd, and so like arbitrary and capricious, and so not since arbitrary is absurd, but we are talking about the same exact plant. You could have the literally the same plant, like let's say it's a clone. You know, why not? One clone from the mom goes into the adult use pipeline in the state of Illinois, and the other one goes into the medical pipeline, exactly the same.

SPEAKER_02 6:34

Well, and then let's add something else in the mix. Let's just put a dash of that CMS program, right? Like, this is we're we're in the twilight zone right now where we're trying to reschedule the whole plant, which is also has a hemp program, and everybody recognize recognizes cannabinoids, you know, and and CBD, but now we're gonna. I believe the CMS program is just as bad as as a farm bill, you know what I mean? When it comes to like legalization and having just real reform because it's one fucking plant. There's gonna be one set of rules and one right. I and I'll say how many rules are there for beer?

SPEAKER_00 7:09

Like everyone there are 50, and so like each state has its own kind of way that they do it.

SPEAKER_02 7:15

I get that, but like at least with rescheduling, because the CMS program is just limited, right? It's only freaking it's gonna be drinks and I don't know, other forms of application. But like with rescheduling though, veterans have a chance. This is gonna be that yes, yeah. Got the uh hey, get out there, pop-up

Veterans and VA Access

SPEAKER_02 7:35

house votes to let military veterans get medical marijuana recommendations, probably be a doctor's.

SPEAKER_00 7:40

I mean, that's makes sense. If it's a schedule three substance, it makes a lot of sense, but we'll see if that gets through the Senate. It might not, but it's it's good to see that the house is moving. And I don't know how this election's gonna play out with all the gerrymandering going on. They call it redistricting. But when you when the voter is picked by the his elected representative, you know, American.

SPEAKER_02 8:09

Well, what's also not American is it's seen it's gerrymandering because they do that for the whole intent of I guess these people are gonna vote with the interests of the Republican Party, right? Like this is the thinking behind it. But like, as we've seen, as my freaking bank account has seen with the three times I filled up my cars this past you know two weeks, like you know, this guy's fucking up hard. Like this rescheduling thing, it wasn't him, it was a Joe Biden, thank you, that started the ball.

SPEAKER_00 8:40

That's kind of like how rules happen, but like well, this owns fresh, unique, you know, spin on it. Because like Joe Biden started it under the one section that says that they can do it through the rulemaking. Todd Besson just said, I'm doing this final rule.

SPEAKER_02 8:58

And that's the thing, we're not there yet. Like, I'll give the only credit I can give this administration for like is the fear how they rule, which is through fear, right? Like, everything's expedited because of fear. There's no like someone sitting down and going, okay, this is the moral thing to do, or the right thing.

SPEAKER_00 9:20

The moral thing is to put the money right here in my hand. That's the moral thing. What I say is true is true. That's where we are. We're in like ultimate fraud, and so you know, I probably don't have enough cash in my my investment holdings. Most of my investment holdings are the dispensary, basically, all of it, yes.

SPEAKER_02 9:41

Well, even still, you couldn't afford a congressman. But I I think the problem is though, I mean, we all know money greases the wheel for the machine, but like, in a sense, that prohibition that I've been fighting for, like just real reform, because I do think locking in a schedule, something besides one helps recognize it as medicine, it is medicine for many people. But like just the other day, dude, I was streaming, I'm testing that website that I made, I'm still fucking with it, and Frank Rogers popped into my Instagram thing, and he actually popped into the stream yard chat with me while he's from prison. Like, we were talking about his conditions and shit. Dude, he's been down there for 13 years out of a 20-year sentence for just weed for what cookies is for being good at what a business, right?

SPEAKER_00 10:26

Like, you know, if only he might have given like the president some shit coin, he would have gotten pardoned by now. Or is he in state prison, which makes it even dumber?

SPEAKER_02 10:35

No, it's that's being shuffled around, but like, and that's that's the uh the other thing about this system is like while we have fucking you know, we're fortunate enough, right? Like, we're gonna do the the bunk up program for freedom grow with Dutchie, right? We're I've always thought like how to fight the war on drugs has been through hope and and and raising awareness. And I think we've we've done a lot of that, and and and it's just kind of surreal to be part where we're owning a store where a federal judge, like if we get big enough, if we get big enough, a federal judge approves canvas and like then big now.

SPEAKER_00 11:10

That's chapter 15. We would have to we would have to domesticate in Canada, so we would have to find a zombie company in Canada to acquire, move our headquarters to Canada, and then file for bankruptcy, uh, and like change all the paper for the ownership and all that, then we wouldn't be social equity, uh and and have all of those done. Uh you know, the other thing that I would prefer that we do as opposed to file for bankruptcy is make some goddamn money. Uh,

Rewards Card Strategy

SPEAKER_00 11:38

and one of the ways that we're gonna do that is we have our local rewards card. Yes. And so we have a little punch card that we'll have. And so you get you spend more than 50 bucks, you get your card punched, you get 10 punches, you get 40 off your next purchase for 65 bucks. And so it's good if money, but how do you know that somebody's just not punching these and then trying to lie to you? We integrated it with Duchy, and so like I did a configuration, and by I, I mean Claude and I in Codex. I did a configuration on the the settings for Duchy that if you lose your card, we tell you not to. We still have it. If you try to cheat on your card, we'll be like, you know, we got a lot of records we have to keep when you come in here and and buy this stuff. According to our records, you don't have 10 punches, you have three.

SPEAKER_02 12:31

We're just trying to run a fair business. This is what like a store is, right? We're we're not fans of the high-tax markups, or you know, because everybody's gonna bitch about you see things like, oh, I don't buy wreck weed or dispensary weed, right? For you know, you ask a grower who grows the best weed, they're gonna say they do.

SPEAKER_00 12:50

They do, yeah.

SPEAKER_02 12:51

But like fundamentally, do people would you go buy anything? Gross groceries, be worried about the farms. You just hope it's a good they have good prices.

SPEAKER_00 13:01

If you want it to be fresh and have a good price, and so like we all have good prices, and then our products should be fresher because our vault is smaller, and because our vault is smaller, stuff can't just sit in there, and as a result, we should have and we we also don't want to buy your product if it doesn't have velocity. And then are we gonna try to have all the products that we have have velocity? Yeah, so it'll be a smaller, faster, fresher menu priced in line with our competitors, but you know, it it still doesn't matter.

SPEAKER_02 13:30

Some people they can't do enough for well, it's not just I'm just saying overall, like they they look at like cannabis industry as this thing where you know the culture was people scrapping, lack of a better word, you know, but like when I used to go get you know, the the thing about sourcing, like when I when I tried to like sell weed, where I was like, okay, this is what I want to do, I'll be the al component of weed. But like first you gotta get a reliable source and reliable prices, right? Like something where you're not being like on a buddy system based off your buddy system, right? Like you want something just grounded in like okay, I'm not gonna try to fuck you, I'm just trying to survive. And I accept that you're trying to survive, you know what I'm saying? Like, that's why you pay taxes too. You out these are understood uh things that are needed to produce something, and and I think with cannabis, when as the industry goes, it's very dry. When it's done right and good, because all the information transparency is there, right? Like like for purchasing product transactions, but in the end, the the person buying their gram or their ounce doesn't give a fuck about all the shit behind the doors, right? You go to McDonald's, you drive through the drive-thru. You didn't go for the farm, you're just buying your shit. So I don't know. I just think that's where we're looking at when it comes to our oh yeah, mute. Yeah, you're a mute.

SPEAKER_00 15:01

We do, and yeah, it is my third, fourth, it'll soon be my fourth best cash flow opportunity YouTube. And and that's pretty sad, like you know, but and and so like you can do a whole bunch of videos and get like a lot of views and make ten thousand dollars. I'm like, bro, ten grand ain't shit. No, yeah.

SPEAKER_02 15:25

When again, if we were a beer channel, how fucking far ahead would we be right now? Yeah,

Georgia Medical Expansion

SPEAKER_02 15:31

but instead, you know, we have to talk about like the governor of Georgia just signed bills to expand medical marijuana access by like so this is a good story, expanding on the vaping and the adding, but like you know, we talk about the law. How is it when we're trying to be in compliance and do the right thing? We're always getting 18 plus or you know, shadow ban. It's just I think a lot of times when people make the rules or enforce them, they're just lazy.

SPEAKER_00 15:56

Nobody wants to like it's it's weird, but it's also illegal, and so that's really what it is. It's just that it's illegal. Uh, if we were doing beer, like there's a guy, the claw hammered channel, uh, it is brewing equipment. He's got a whole channel with hundreds of thousands subscribers about brewing equipment. Of course, like dope is you always got two million subscribers. I'm assuming they're all real, but this was a good story out of um Georgia. And the the governor signed the bill. We're still waiting for the governor in Virginia to sign the bill. But putting Georgia Patients first act, vaping is now approved for patients 21 plus. Interesting, adds lupus, severe arthritis, insomnia uh as qualifying conditions, and it strips the several end stage qualifiers from AIDS, Alzheimer's, cancers, MS, and Parkinson's, and then replaces the 5% potency gap with 12,000 milligram possession cap. There we go. Georgia had one of the worst programs. Now it has a less bad program, but it's still you're it's it's highly controlled. And so you have it's MSOs that are gonna because like we don't have the cash to, especially considering like the state, we're super dup-secret social equity. We like your social equity wouldn't have met the the the social equity for the the social equity criteria lottery. Hilarious. That's actually what it is called.

SPEAKER_02 17:26

Um guessing clean.

SPEAKER_00 17:27

Yeah, and so yeah, you have to hit there. You go. It is 20 minutes past the hour. I'm gonna relax for at least 11 seconds. Actually, I'm gonna give us 23 seconds. Here's some shtick from a company I own. The federal shift towards schedule three tozzle rewrite your license strategy, having the right dispensary footprint and operational. Wait, why did it stop? Yeah, well, I knew shift towards schedule three to rewrite your license strategy, having the right dispensary footprint and operational playbook in place before regulators fully implement that new policy. That's where collateral base comes in. We helped cannabis businesses win dispensary licenses, structure compliant operations, and manage stores link below to help clients navigate licensing compliance and operations so they win in the new regulatory era. There we go. I should have rebooted my computer. Sometimes I think all the Bluetooth get all it's too close. There's too many Bluetooth, but whatever. And so um I might edit that one out too.

Podcast Platforms and Reviews

SPEAKER_00 18:28

Yeah, we are not only we're at Apple, uh I I we're on Buzz Sprout, so wherever you get your podcasts, you can find us. I hear Apple Podcasts has updated their service so that we can now have this streamed also on Apple. It won't just be uh audio only, it'll be video. And you know, leave us a review, leave us a review. That's what we're asking. Roast us. I would rather have 95 reviews and 4.1 stars than three reviews with five stars, but you should give us five stars. Hit me like Charlie Kirk. All right, I'm dead for that one. No, no, no, no. You might understand. There's a third rail, it's electrocuted. You know, if you touch that rail, bad things happen. I'm touching it. Okay, I'm just saying. Don't recommend it. Touch it.

280E Tax Relief Talk

SPEAKER_02 19:22

Experts say DOG reclassification may cut cannabis tax in Arkansas, which is all coming down to the 280E, simply.

SPEAKER_00 19:31

Oh, it definitely would. Every uh every license in Arkansas is a highly restricted medical license. So Arkansas has a very lucrative program which will become extremely more lucrative or less fraught with legal liability of audit from the IRS. That's nice. And we finally have that. It helps the the differences between what IRC 208E was trying to avoid in 1981 versus the cannabis industry in 2026, really night and day.

SPEAKER_02 20:01

Well, again, the the whole creation of it though, like like really people really do fucking like audit their cocaine.

SPEAKER_00 20:07

Come on, yeah, it's tax evasion, that's how they got Cabon.

SPEAKER_02 20:11

But like, wasn't it like it is drug defense?

SPEAKER_00 20:14

Like it wasn't even being used in well, there was a seizure, and so they were tanking it, and so he's like, We can't take everything, and like they were auditing them for like not reporting the income.

unknown 20:24

Okay, okay.

SPEAKER_00 20:26

Why would you report that income? You're just putting it into a Miami bank because it was cocaine money, and um, that's why Miami has so many banks. So he had a false so yeah, false tax returns. We're not even filing them, and then so the IRS like audits you as well, and they have all the free onset accounting from the Department of Justice that prosecuted you, and there you go. And so, like that the cocaine dealer, you know, shut kept enough cash uh on hand to pay his lawyers and they fought it, and he won. And so, like, he was correct in the sense that he was able to deduct the costs of carrying on his cocaine dealing operation, and as a result, that that's why they passed that. But I mean, I wish I was a lawyer response. I would be very old because I would have had to have argued that in like 1981 or like 1979, or however long it takes for Congress to change it law after the case.

SPEAKER_02 21:21

You know, they're probably all powered by cocaine at that time, so it's probably just get them going. Hey, is Senator Collins the shaky one?

SPEAKER_00 21:30

Senator Collins, I don't know if she's shaky, she is probably quite old. She's from Maine, and so I I would like what's the over-under on how old is Senator Susan Collins? I'm gonna just see if they're gonna ask Gemini that because they they put Gemini in everything and we run the company on Google, why not? How old? She's younger than I thought. She's actually only 73. Decades.

unknown 22:01

Wow.

SPEAKER_02 22:02

Well, there's one always talks because I think she's a Republican as well. But she put out this statement here.

Maine Grow House Crackdown

SPEAKER_02 22:08

I love this. Susan Collins urges FBI to aid the main crackdown on marijuana grow houses. Right. Like, I love this. Um, did you read it? This all director patel, because I think that's what I was talking. There's one of these older women that are shaking. She's bothers somebody when I hear her speak, but director patel that the proliferation of illegal marijuana grow houses connected to transnational criminal organizations originating in China in ongoing problems state of Maine. So it's just kind of like with I Oklahoma, where I haven't really heard about exactly what it is.

SPEAKER_00 22:38

Yeah.

unknown 22:39

Yeah.

SPEAKER_00 22:40

So they're trying to you wait, you wait for that hemp loophole to close and for this registration period from the DEA to be over, they're gonna crack down. Yeah. Yeah, we've been licensed or not. That's it.

SPEAKER_02 22:56

We've been saying that from the beginning, though, man.

SPEAKER_00 22:58

Just because we were saying it doesn't mean they wanted to believe it and they will hate us for saying it. I mean, like, how many hemp haters did we have when I'm like, stop doing this? This is going to end badly. You're you're just you're holding us all back, you're just making this about the cash. Like, yeah, this is really business. Yeah, right. And and there's an old saying, it's hard to get a person to understand something if their paycheck depends on it, and you're getting so paid from this industry, you have no freaking clue what you're talking about. Well, it's Memorial Day.

Hemp Loophole Backlash

SPEAKER_00 23:32

The ban still there, Congress leaving on vacation, coming back to redistricting, so maybe they won't feel as nervous as if Trump was like as unpopular as he currently is. And and it was a fair district. But the but seeds are fucked, and banking will be closed. There'll be nobody. I blame hemp for seeds, like the hemp getting this far out of hand, that's why seeds are banned. And so it really sucks. Because then uh legislatures, they don't get it, you know, like all that stuff at the gas station, and most of it was chemical weed, except for the THCA flower. Right. You know, did you see the seeds aren't in people's faces?

SPEAKER_02 24:14

Did you see the John Oliver? He just did a whole thing on the gas station drugs. That was interesting. And and thinking about that with the weed, as far as like you know, I really at first I was trying to, I was blaming the kids for the dopajolas and uh the aircons. I mean, like they're kids, but like they were being all funneled by other people with money, right? It's not like these guys were had the groves and shit.

SPEAKER_00 24:38

There was other people, well, that was like, oh man, a lot of young entrepreneurs got in, so like like Bay Smokes and all those guys, they are old, you know, they're like less than 30, but they saw an opportunity, they didn't think too hard about the law, and they made some cash, yeah.

SPEAKER_02 24:54

And well, I mean, they they what they thought was we'll we'll challenge it under this disguise of of him, and and then and no one pushed on it. I didn't think the kind of probably you know took the DEA off guard, right? Like, there no one's gonna send this shit across the mill, no one's gonna try, and yet they did, and then some got in their back.

SPEAKER_00 25:13

But then if you make marijuana licensed, it's just like the crackdown on moonshine. Sure, like when prohibition was a thing, it's hard to crack down on moonshine alone, and then the stuff coming out of you know Ontario, Canada that Capone is bringing into Chicago, and then of course, uh President Kennedy's father was also you know moving product around. But once you say that the product's then legal and you have to have a license for it, then you can crack down on the moonshine.

SPEAKER_02 25:45

I get you then that's what's gonna be coming for him. These guys are gonna be like getting busters coming out there calling, and it's already kind of happening, man. Like, like you see these busts that are happening in Florida and in New York, it's all vape shops, and they're saying, you know, 20-30 million dollars for the product, you know.

SPEAKER_00 26:00

And there was people call me, yeah. And then I'll make referrals out, but you know, I'll tell them like all right, it's always all this legal hemp. I'm like, it is less legal than you have been led to believe.

SPEAKER_02 26:12

Yeah, especially if you're trying to be the Zaza. If you're trying to be weed, you don't there's no in-between, you don't get to say, like, yeah, I bought this hemp, but I'm selling it as weed. You can't be like telling people to think you're blinkers or whatever it is that you know, it's just it's so dumb the the delay this has caused. But you know what? We have 20 million popular strains of May in 2026. We'll name that strain.

SPEAKER_00 26:35

I do before we do that.

SPEAKER_02 26:38

Okay.

SPEAKER_00 26:39

Did we put a new name that strain in? We didn't. Do you think our audience would know if we did the exact same name that strain that we did last week?

SPEAKER_02 26:50

Oh shit, did I delete it? I might delete it. Let me check.

SPEAKER_00 26:52

Oh, I deleted it, dude. Ah, it's a shame. But I I I I should you know once the dispensary's action actually open, it will be so much easier to do name that strain.

SPEAKER_02 27:05

Well, it'll be fun too, because it'll be we the we are new draw. I'm friends with. Yes, but I think this this 2020 little list of uh popular strings is a good little name that string. Well, let's do that instead of name that string.

SPEAKER_00 27:18

Still put on the bumper though. Yeah, that's right. I had to turn off my mouse.

SPEAKER_02 27:28

A little bit that you got there, a little song. What is your friends? One

Popular Strains Data

SPEAKER_02 27:33

of the most popular cannabis strains in the United States. So uh Anthony May from Marijuana Hero, Anthony, he took analytics from headset, and here we go.

SPEAKER_00 27:43

Leaflets are gonna be our that's our data people, and so I spoke with um I'm picking headset over hoodie, and I'm picking uh um duchy over flow hub. And the reason for both is API access and flex and flexibility for developers, sure, and so like that data is important, and I want to be able to manipulate it and record it and have AI built off of it, yeah.

SPEAKER_02 28:08

Well, it's our data, but this is a blue dream, runs. I mean, one's old school, blue dream, and runs. You know, that's the new kid on the block. Blue dream's so good. I actually that's

Strain Talk Sativa vs Indica

SPEAKER_02 28:20

what that says. Oh, very nice, yeah, very nice. I like a good uh sativa's hand on Dan.

SPEAKER_00 28:25

Wedding cake was so popular. My gosh, that's such a 2021 strain. It was everywhere.

SPEAKER_02 28:31

It's making a comeback. GMO, another in gelato. These are all indicas, right?

SPEAKER_00 28:37

Yeah, no, I mean they're all hybrids, but they you know gelato, maybe less of one sour diesel. I think that is, but then I don't know about gelato, but then usually I went it's more of a fruity flavored strain versus more of a fugally uh kind of of strain. But then, of course, sativa indica is just morphology.

Prohibition Price Stories

SPEAKER_02 28:59

Sour diesel, do I got a story when during prohibition? I once paid $300 for an eighth of source. Well, at least it had a name. Was it the 90s? It was, it was before I was living in Arizona, it was before Arizona became even medical, and all I was smoking was Mexican brickweed, so I'd have we'll have $25 eighths that'll have names.

SPEAKER_00 29:22

Oh, I like shop permanent marker, permanent marker's a good one. That's big strain, and so like I don't know if we'll have a permanent marker for $25 an eighth, but we will have $25 eighths, and it'll have a name, and I'll have to tell people back in my day. If you wanted a name with a strain, you're paying $60 an eighth, and it was illegal. You better get back to class.

SPEAKER_02 29:45

I was paying $400 for two quarter pounds, and so like that was easy enough, or or sometimes $200. Yeah, that was $200,000.

SPEAKER_00 29:54

We should get a um, but uh that's what I'm gonna program a banner. It says historic. I mean, it's good because like we're talking about prices and like and factors and and amounts and names, and so this is all historical context and educational context.

SPEAKER_02 30:11

Oh, gotcha, gotcha. We need a little like disclaimer, a little disclaimer, yeah. Appleface is a good one. I like that one these days, too. I really do like manicas. I want to fight my weed. Granddaddy perk. GDP, yeah. Oh, we got Pineapple Express, Apple Fritter. Yeah, that's a big one. Apple Fritter. Super Booth. That's a good one. Checker. OG Kush, Girl Scout cookies. Mac that's I don't know that. Mac. Or probably like Mac and Cheese.

SPEAKER_00 30:47

No, like Miracle Alien cookies. Mac.

SPEAKER_01 30:50

Uh okay.

SPEAKER_00 30:50

Uh huh. Oh man, that's right. My my stuff is awful.

SPEAKER_02 30:56

Fishman, lights. That was it. That's that's interesting. I

Dispensary Data Analytics

SPEAKER_02 31:01

I mean, and again, analytics are important. Some people you might be uh into it. You're a weed nerd. Yeah. Coming to the into this adult use side of things where I'll be able to see the the price points and whatnot, it's gonna be fun.

SPEAKER_00 31:20

It's the same price as in your state. No, but I it said that you have like if we had more outdoor gross, it would be exactly the same price.

SPEAKER_02 31:27

No, but I mean what I mean is because uh here in Washington State, I live as a consumer, but being part of the store, I want to see where like the the back, but what I can do.

SPEAKER_00 31:38

And so like the data reports will all be there. Like it's a little annoying. I mean, like you've seen how I have Claude like give us the the the Slack messages for from the the news stories and stuff. Now imagine all of that, but optimizing staffing, you know, doing like here's the product that sells the fastest. You know, here's your average gross margin.

SPEAKER_02 31:59

What I'm curious is how I would have to think like when I was selling weed for the ace and quarters, you know, the you see how the the money to make real money you gotta push real weight, and let's say you take real risk.

SPEAKER_00 32:12

And I'm not one to get shot at or something like prison and have no the prison's across the street, which right and then there's another prison down the road, and so there's a federal prison about like five miles south of the dispensary, and then across the street is the law and justice center. So, like, yeah, if somebody gets arrested, you have a short trip.

SPEAKER_02 32:32

So, like really some of the cops to get there, yeah.

Legacy Market and Taxes

SPEAKER_02 32:35

But I just mean like like Frank Rogers and his family, you know. Frank Rogers, his dad was the like he learned from his dad. You know, there's there are legacy people who I know a grower uh who passed from out here who when he passed, he left his daughter a house and some savings and whatnot. And it was because for years, Washington State, there's been like this network out here, and I imagine every state has its own little whatever, but you know, what Washington and Canada have always had the good weed, you know, in the Humboldt, like the whole West Coast type thing. And then so this individual you know had a fake job. They filed taxes and did shit like that. Everything seemed legit. Whatever cover they did, but they ran it still a successful business, right? So if he could have been out in the open, right? That's what I'm curious about to see how we're still not out in the open.

SPEAKER_00 33:24

Like, no, I didn't name it Miggie's Pot Shop. I named it Miggie's shop because it's like, what's that retail store? Its average profit margin is supposed to be 35%. Don't go above that. Well, I'm just saying, like, are you financially engineering your tax returns? I am abstracting my tax returns so that they are well.

SPEAKER_02 33:43

What's interesting too is like not avoidance or in this market, though, you gotta consider the taxes that are being corporated too, right?

SPEAKER_00 33:51

Avoidance is okay. Evasion's the problem. It's not evasion, it's playing and avoidance.

SPEAKER_02 33:57

Um well, we are adhering to the law of our choosing, I guess.

unknown 34:02

I don't know.

SPEAKER_00 34:03

All use is mostly use.

Hemp Drinks Retail Fallout

SPEAKER_02 34:06

Hey man, so what's your hot take? I know everybody this came out like last week. We didn't talk about it, but the whole target uh dropping some more uh beverages, dude. I I you do you think like the I think the hemp's just trying to liquidate.

SPEAKER_00 34:18

I think hemp is just like yeah, it's crystal Pepsi, what'll be gone in here?

SPEAKER_01 34:24

Okay, I like that. Where is Crystal Pepsi?

SPEAKER_00 34:29

Well, um it's gonna be really cheap for license holders to pick up beverage, unless a lot of the beverage was done on like white labels, because like beverage equipment is expensive, yeah. Sure, and so like they our vault would suck for the beverages. Oh, so tiny and no chill. But I mean, like that, yeah, because like you've seen liquor stores, like the beer selection's huge, and so um, yeah, yeah. Our sodas in like in in a Kroger or something, where you the beverage section is big, and our vault is not you know, it's like you want me to put these sodas that used to have at like all the bars and restaurants in that. I understand the eights and the and the joints and yeah, but the beverages, like how's somebody gonna like make off with it, you know?

SPEAKER_02 35:17

Yeah, but do you think come November? Because like right now, all the shit sitting in shelves. Uh are they gonna pull them out? Are they just gonna let the the stock the reorders?

SPEAKER_00 35:28

So, like by the end of the summer, that's when you think they'll oh no reorders because then you got like 90 days to get rid of it, and then it's gonna be what direct to customer.

SPEAKER_02 35:36

I mean, they still want to get rid of pallets, probably with the shit.

SPEAKER_00 35:39

No, eventually, I mean the bank should shut off their accounts. Maybe they start getting debanked more, and then the credit card should shut off.

SPEAKER_02 35:48

Yeah, because you know, you got people who who say, Oh no, we'll be in business still, but like you're saying, there's the back end of things that runs a business that keeps things going.

Cannabis and Second Amendment

SPEAKER_02 36:00

Hey, did you hear about pew pew's pew pew? They changed oh when you say pew pew's, you mean guns.

SPEAKER_00 36:11

YouTube, YouTube. Wait, you can't say that word on YouTube?

SPEAKER_02 36:14

Yeah, the G word.

SPEAKER_00 36:16

Let me get let me get the uh disclaimer. This is all educational context with content with historical and economic implications based on personal knowledge and experience. You're learning.

unknown 36:26

There you go.

SPEAKER_02 36:27

Yeah, they've added a form for they added the medical marijuana to the questionnaire, instead of good marijuana now.

SPEAKER_00 36:34

Yeah, so medical marijuana is gonna be okay. Yep. And there's gotta be that case that was argued two months ago. There's a case at the Supreme Court. Supreme Court season is really in about six weeks, it's the late the last week of June, five, six weeks. So Supreme Court season will be upon us, and I have a real good feeling about cannabis and second amendment rights.

SPEAKER_02 36:59

Oh, 100%. Don't be in minority because they take away those rights, but be a pew-pew, and you'll get all the rights.

SPEAKER_00 37:07

Hey, if you try to be social equity, you will get all the licenses, but maybe not all of the money in Illinois.

SPEAKER_02 37:17

The weirdest timeline.

SPEAKER_00 37:19

It is. Hey, remember how we were that thing? Yeah, we're also not that thing. Seriously, I mean cosmic.

SPEAKER_02 37:30

So crazy.

Pricing Discounts and Ounces

SPEAKER_02 37:31

Yeah, I got this mojito. This sells it smells very lemony. Oh interesting.

SPEAKER_00 37:39

Yeah, yeah, because the mojito that would be like citrus and basil, and so basil is more of a you know spicy, I guess. It's more of a spice kind of smell, and then citrus. The citrus is often in the cannabis. So, how much you know, again, you pick up an ounce, yep, another ounce. Pure informational purposes. It was hang on a second, let me put on that one. Disclaimer, this is all educational content. How much was that house? 160. Wow, you you splurged. Nobody, I don't that'll be more expensive than our most expensive, or was that with including tags out the door?

SPEAKER_02 38:18

Oh, that's everything out the door. I mean, it's actually like a $200 something else announced, but again, I'm discount.

SPEAKER_00 38:23

That's why I splurged because we're gonna try not to do the MR MSRP with discounting model, and so like I'm worried about that. If they just had like the price of the thing, as opposed to like, oh, it's supposed to be a bazillion million dollars, but you get it for five, you know, like it's the MSRP with the discounting.

SPEAKER_02 38:40

No, there's they do that a lot silly here, but this grow I they what they do out here, I think grows are able to fluctuate their prices because for whatever reason, good harvest or you know, sharing their good name or whatever. But like sometimes they'll go up the price because they've built a reputation,

Congress High Rescheduling

SPEAKER_02 38:57

but every once in a while they'll like be on discount, and you're like, Thank you, weed Jesus. You know, apparently Congress gets high.

SPEAKER_00 39:06

Oh, yeah, a lot of people who smoke cannabis, Congress says according to Elon Omar, somebody who is a cannabis caucus co-chair. Good luck with that one. She told reporters that a lot of people in Congress smoke canvas in schedule three is a step, not a finish line. I think say a lot of people in tech smoke we do. It's like no shit. Oh my god. Next, you're gonna tell me that the food service industry is just a whole bunch of stoners, right? What the people that are out in the in the in the kitchen get high? No, right?

SPEAKER_02 39:40

What like the fucking dishwasher guy who fucking sits in front of a steeny fucking thing all day?

SPEAKER_00 39:48

Fuck it idiot. I the blue collars get high. I thought it was just something the white collars did, but they're disposable income.

SPEAKER_02 39:57

I just I I hate that things like that make news, but also like you're like, okay, cool, keep some in the lexicon, but like you know what we really need is just to continue that conversation that we're scheduling, and it's coming, there's more coming, but you know, yeah, why did spirit now we have a DEA that gives a shit?

SPEAKER_00 40:17

And so, like nobody does that listens to their boss that's scared of their boss and knows they've been fired, and like not just they won't just get fired, they'll get Trump fired, which is like one of the most embarrassing ways to get fired. The the the Dow, the Dow.

SPEAKER_02 40:33

You should be this man's don't look at the bonds, look at the Dow.

SPEAKER_01 40:39

Oh my god.

SPEAKER_02 40:41

Well, yeah, I mean, like, this is so weird, man. I I I everything else. We are in the upside down. This is good,

Big Alcohol vs Hemp THC

SPEAKER_02 40:48

though, right? The uh white spiritual sailors in America criticized Congress over the hemp TAC ban in Farmville because money, like, hey guys, um look.

SPEAKER_00 40:59

I don't like this because money, and so like if you allow this to go on, it's gonna be very bad for my money, and I don't like that. I need it to do good for my money. So please allow me to continue to distribute THC to consumers.

SPEAKER_02 41:17

Who wants checks? Big beer, right? Like, like all this beer monger we have throughout the years about big pharma, big whatever. Yeah, they're here.

SPEAKER_00 41:31

They want your weed, yeah. Because hemp is so cannabis that sold the industry to the alcohol companies. I mean, I know GTI is like whiskey barons, but still, they have quality products.

SPEAKER_02 41:46

Well, they draw a line, they're not trying to pretend you're something else. I mean, well, no, GTI is, huh? They bought that hemp shit too, didn't they?

SPEAKER_00 41:52

Oh, yeah. So they decided if they're gonna do it, so are we. I mean, think about how much of the ex the expenses they get us thrown into that, but whatever. And so, like, it's over, yeah, and and they're gonna now they have a new tax dodge. Now, all medical use is all adult use is medical use, and so that's gonna I don't know when I'm gonna get that video done.

SPEAKER_02 42:14

Blogs are so much easier. Just put some words down, but also you probably just let I AI do it for you, then you read it, and then I read it, and then I look at the other one.

SPEAKER_00 42:21

I'm like, yeah, that's interesting. You should probably make sure you tell them that I go make that into a script, and then I leave. And so, like, I have to go back to those AI videos, and they have like a new avatar five or whatever and see if I can do that because the last one was like too spooky, it's too spooky, but AI videos.

SPEAKER_02 42:41

It's a thing. Hey,

BEA Counts Illegal Markets

SPEAKER_02 42:43

I I think this one, this is the last one, but I think this one's really interesting. Like, this one kind of got skipped by a lot of people. I didn't see anybody talk about this. So, in the BEA, the uh Bureau Economic uh the fuck is it for? What the BA stand for?

SPEAKER_00 42:59

It's where you get on your B Arthur. It's right, it's literally, literally. Oh, go back to that screen. Go back to the bureau. Okay, there it is. There it is. Yeah, but then you see how it's literally right under your um your circle. Bureau of economic analysis.

SPEAKER_02 43:12

Oh fuck, no, I'm missing it. Oh, there it is. Yeah, yeah, I'm an idiot. But like, so like I follow this, all my different things, but this is when memo came out in April, and I find this part in particular very interesting where it's like the internationally agreed guidelines for national economic accounts explicitly recommend that illegal market activity should be tracked together with legal market activity, like like the identification of if you're crimping, don't forget to report your crime. I think the crime is the state's markets, right?

SPEAKER_00 43:45

Like you're supposed to report all your income, whether you got it the right way or whether you stole it. Sure, but of course, nobody's gonna report the income they stole. That's the point. But then, like, you're supposed to report all your income.

SPEAKER_02 43:57

Yeah, but don't these Isn't this like another thing we've talked about or how they track the data?

SPEAKER_00 44:03

But because this is when you eye to the government, it's a crime, right? But then the government picks who gets to vote for it.

SPEAKER_02 44:11

Right. But like I'm not what I'm saying is when it comes to like the assessment of like the like we talked about before, I think this might be another part of rescheduling where the job numbers are gonna get bumped up and the economic numbers are gonna get bumped up. Because of the cannabis industry as a whole, like I never realized it's such a big four months.

SPEAKER_00 44:31

They should be counting the numbers of the employees. I mean, Truly has to have 4,000 employees. Verano, 4,000 employees. I mean, like, so are you only gonna count the medical employees?

SPEAKER_02 44:42

No, gotta count the illegal ones too now. So it's gonna get interesting.

SPEAKER_00 44:47

And so like there's just so much, there'll be good content,

Running a Dispensary Content

SPEAKER_00 44:50

and we'll do like um weekly or daily or whatever. Here's how you run a dispensary. Uh those all get 18 plus, but then you can also do weekly educational content like this, which sometimes get 18 plus, but very often doesn't.

SPEAKER_02 45:07

I just think because we're we we don't have a chance most of the time, you know. Can this is educational content? Yeah, that's all we do.

SPEAKER_00 45:13

We're not telling you how to we're not a grow channel, even though we could we're not a grow channel, we're not a two-dab challenge channel, like you know, two gram dab. Like we're not like, hey, watch me, watch me. Like, I'm gonna go smoke 20 joints. Check this out, guys. I'm not that, yeah. We're not we're not trapping 101. No, how to follow the law and uh in an industry that doesn't care about you know, it's all in cash.

SPEAKER_02 45:37

I mean, I'm gonna be fucking hanging out.

SPEAKER_00 45:39

For starters, throw yourself down the stairs just to get used to failure and pain.

SPEAKER_02 45:44

Oh man, it's so funny though. We've it's so to be in this position now where to be a part of a store, I never thought it was gonna be, and then it's a simply by believing in the legitimacy of this plant.

SPEAKER_00 45:58

Yep, you know, like and then we we shared some some pictures with our our followers on here. There'll be more, and then you know, when the stores open, there'll be videos about how to run them, and then of course there'll be more of these, but uh it's still it's gonna take forever, and then we have to like run it, and then we have to like build the supply side because we don't have any

Illinois Medical Adult Use Mess

SPEAKER_00 46:21

we aren't social equity, but yet we are, which makes no sense, gotta live. And then everybody asks, like, can you sell medical? It's like also no, like, Illinois is just one of the Illinois is so bad at cannabis, the smell of raw cannabis is not probable, no, is probable cause to search your car. But hemp is completely legal and able to unfetteredly at the state level compete with licensed cannabis. The smell of bird cannabis is not probable cause to search your car. So, like, none of it makes sense. Hopefully, after the hemp is gone, we can get some sense in Springfield. But like the medical guys, they don't want to let go because if they let go, they they lose about 55 400 million divided by 55. Sure. So, like, that's how much they're that's just padding their their income. That's it. And so it's just like the hemp people, whenever you would talk to them, they would come up with some machination to justify what they're doing because they're getting paid. Well, and so they're getting paid too. And um once that stops, or or once once it becomes schedule three and hemp's gone, I think there's a lot more because now it hurts the MSOs because that dispensary isn't taxed, but those four dispensaries are taxed, so they might just have like one medical dispensary, but six uh non-medical ones, and so they would want them all to be considered medical, and so that's why I think you're gonna see like hybrids and then self-certification.

SPEAKER_02 47:55

Well, I hope the legislatures recognize this too, right? Like this ambiguity of if we get federal guidance and yet the states still want to pursue you know the separation and not protect, have just one fucking industry. That's just it. One one plan. I mean, the the only unfortunate thing with the medical structure is patients, right? Where people have to be have to be a recognized patient to buy product, as opposed to like you know, how do you how do you handle that part of it too, right? Like that's uh, I guess I mean you want everybody to be medical, but you couldn't be a medical place and just serve the general public. You have to sign up for that backstage pass to all the pot shops you want.

Opening Plans and Sign Off

SPEAKER_00 48:48

But next week, we will do a live. The week after that, we might not even do a show. The week after that, we'll be back and we'll actually be open. It's gonna be really hard to do the podcast at the dispensary. Maybe I could be on the supply side until we get that filled up, and then it'll be harder to do it there too. But uh, it'll be something, you know, if I have to just do the podcast from the dispensary while we're trying to get cash to build the supply side, because we are and are not social equity. It's just if you if you haven't smoked enough weed to figure that out, you should. Schrdinger sexual social equity. All right, then have a good one. We'll have more. We might maybe we're open next week. Maybe we're open the week after that. Now it's it's a little out of our hands still because we have a couple of cameras, but that's it. Just a couple of cameras. Stay tuned. Stay tuned. Cool. And if you haven't liked and subscribed yet, that would greatly help us out. The vast majority of you don't like and subscribe. Hit thanks. I have asked for a dollar enough today.