CSE Presents AFTER MARKET with JB & Bear - a new limited series that discusses today's relevant topics in business and culture. Born as a spin-out from CSE's #HashtagFinance podcast series, AFTER MARKET bills itself as the "first ever" late night talk show for business, dropping every Thursday at 9pm this August.
In this second episode, Barrington Miller and James Black discuss:
4:20 - Introducing "Lazy Headlines"
6:35 - Lazy Headline 1 - Trump threatens to Ban TikTok
8:50 - Lazy Headline 2 - Mulan will cost $30 on Disney+
11:35 - Lazy Headline 3 - Tesla announces stock split
14:05 - Introducing Boring Headlines
23:10 - The current state of the cannabis industry
36:05 - Costco delivers?!?
Like video? Watch episodes on CSE TV on YouTube here: https://youtu.be/SxUkqqCHpgQ
🔴 Subscribe for more great CSE insights and interviews here: https://go.thecse.com/CSETV-Subscribe
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©2024 CNSX Markets Inc. All rights reserved.
CSE Presents AFTER MARKET with JB & Bear - a new limited series that discusses today's relevant topics in business and culture. Born as a spin-out from CSE's #HashtagFinance podcast series, AFTER MARKET bills itself as the "first ever" late night talk show for business, dropping every Thursday at 9pm this August.
In this second episode, Barrington Miller and James Black discuss:
4:20 - Introducing "Lazy Headlines"
6:35 - Lazy Headline 1 - Trump threatens to Ban TikTok
8:50 - Lazy Headline 2 - Mulan will cost $30 on Disney+
11:35 - Lazy Headline 3 - Tesla announces stock split
14:05 - Introducing Boring Headlines
23:10 - The current state of the cannabis industry
36:05 - Costco delivers?!?
Like video? Watch episodes on CSE TV on YouTube here: https://youtu.be/SxUkqqCHpgQ
🔴 Subscribe for more great CSE insights and interviews here: https://go.thecse.com/CSETV-Subscribe
#alwaysinvested
STAY CONNECTED WITH THE CSE
=============================
📧 - NEWSLETTER: https://go.thecse.com/CSE-Mailing-List-Subscribe
🎧 - PODCAST: https://blog.thecse.com/cse-podcasts/
📸 - INSTAGRAM: https://www.instagram.com/canadianexchange/
🤝 - LINKEDIN: https://ca.linkedin.com/company/canadian-securities-exchange
👥 - FACEBOOK: https://www.facebook.com/CanadianSecuritiesExchange/
🐦 - X: https://x.com/CSE_News
📝 - BLOG: https://blog.thecse.com/
🖥 - WEBSITE: https://thecse.com/
📖 - MAGAZINE: https://issuu.com/thecse/docs
©2024 CNSX Markets Inc. All rights reserved.
Hey, it's James here welcoming you to this presentation of the hashtag finance podcast. This is just a reminder that if you like video, all of our CEO and expert interviews are featured on the hashtag finance playlist on CCTV, including the show that you were about to listen to remember that a CSC space TV on YouTube. And finally, this is just a friendly reminder that the views information or opinions expressed during the podcast are solely those of the individuals involved and do not necessarily represent those of the Canadian securities exchange and its employees. So happy listening, and now enjoy the show. Well, folks it's Thursday night, and this is the second episode of aftermarket. I'm James Black joined by Barrington Miller. Both of us worked for a company called the Canadian securities exchange. And we're going to tell you just after the intro,
Speaker 2:Oh, this is all possible because of cannabis. The first DJ drop that beat my name
Speaker 1:It's Thursday night. This is our second try at this Barrington. I thought the maiden voyage last week was pretty good. If anyone wants to watch that, uh, I'll put the link up below and down below and a Barrington. I just want to welcome you again to aftermarket. We obviously didn't screw up too much last week cause they let us do it again. So, uh, well, you know what? This is probably the easiest show I've been on because it's a, you know, we're familiar with one another and we just got to talk, which is something we like to do. Good microphones, good earphones or headphones or earphones. Yeah. Yeah, no, it's a, it's good. And it's, it's, it's a nice break from the regular same old corporate talk speak. Um, yeah. And, and I think that was the whole point of this endeavor was to, uh, you know, for now it's a limited engagement, but, um, the, the idea being that we'd have more conversations with peers in our industry, our industry being finance, uh, specifically in Canada and yeah, just, just getting into a bit more of the, the lifestyle, the culture behind what we do and not necessarily having an agenda driven discussion about a company or some CEO's journey, which is all fascinating. And again, I'll link above to all that stuff. But, um, yeah, I think tonight we were kind of, like I said, this is the first ever, uh, business, a nighttime show or a late night show, I should say. So, uh, we're we're trying to build the show through that lens. So right now it's mean Barrington, we're talking, uh, as you can tell, we have killer chemistry cause we've been working together forever, but haven't seen the guy in six months. I know it's pretty actually. Um, you know, and we'll bring on guests. And one thing I'll say about guests is that we made a few offers this week and people were too busy. So I'm sorry that there was only a hundred views on this last week. There'll be 101 this week. Okay. I promise you that. So get it get on. Well, the ship that the spaceship has taken off, cause I'm telling you a year from now, when you want to get on a aftermarket and you have to go through a booking agency, don't tell them James and burden tell you this was going to happen. So it's going to happen. So like any, and I will talk about cannabis. Obviously I, I use that T's before they opened. But, um, one thing I did want to say is that as a, an aspiring late night show, um, we are going to have a certain tropes. We're going to try different tropes. So it's throughout the weeks that you, the viewer can comment on down below, if you like, or you can just call us up. Cause we see them as friends and family watching, we're going to try to, Hey mom, actually don't anything. My mom knows what I do. So that's, that's fine. But um, some of these tropes are classics and any late night show goes through headlines, headlines are easy. We don't have a writer's room, unfortunately. So, um, what we're gonna try to do is give you a headlines that we saw throughout the week that we think are important that our culture and business oriented, um, that speak to our, to our world. And so tonight, um, we're going to do what I'm going to call lazy headlines and Barrington. I want, I want you to try to describe what a lazy headline is cause, cause I think I'll go way too far off. The deep end, if I go into this
Speaker 3:Easy headline is you're not going to read the article. You're going to, we were talking about this off camera. Um, James rolls in to a dinner party is expected to make some conversation. Uh, my go to is always the weather that's on Jamaican. Uh, my dad and I will literally talk about the weather. And after that, um, is we're in a more sensitive time. Do you want to be careful not to offend anyone's sensibilities? So you go with the, the generic headlines. I didn't say it. I'm just repeating it. It's a it's safe, but you never actually read the article.
Speaker 1:Let us be those guys that tells you that thing, that, because you heard it from someone else it's kind of true and you know more about it, even though he did absolutely no research or primary discovery or any work, trying to learn more about it, let us be those people for you.
Speaker 3:I actually know what it is. Um, for those of you who do not subscribe to the wall street journal or the globe and mail, it gives you the headline and that it's about two or three or four lines. And then it fades. Um, that's pretty much where I stopped reading.
Speaker 1:So when I hit the paywall, I'm not going to pay for this stuff. I'm sorry. Yeah. I pay for too many other things, you know? Um, so, so my, my go to is the, uh, when you go rates, swipe right to the, or you open up your iPhone and you get the Apple news and sometimes it has like the global mail, it's got CNN and then it's got TMZ and people. And usually the most like disgusting stories are people magazine, not TMZ. TMZ is just entertaining. Uh, you know, you had some slate in there. Some like not even legitimate news sources are getting primary exposure. So we're going to try to give you the real news. We're not going to talk about, you know, Ellen DeGeneres or as some people call her Ellen degenerate. And um, so here's, here's my top three this week. Uh, or actually the committee came up with these top three this week, tic talk. So you might've heard of this app called tick tock, tick tock, tick tock. That's my next step. That's my knockoff app. And uh, so tic talk, uh, is going to get banned potentially by Donald Trump. Uh, last it's purchased by, uh, an American owned and operated company like Microsoft. And I guess I don't even really know what ticktock talk does, even though I manage our social media, I can't figure it out. Um, hit me in the comments below if you want to tell me what it is and 140 characters or less. Um, but yeah, just, just tell me what tick-tock is, but, um, Barrington, do you use tech talk? I know you've got teenage children. Do they use it? Would you let them use it
Speaker 3:All? No's throwing up those all over the place? Uh, I think, um, I know they, they watch it, um, which I get banned by Donald Trump because it's a spying service. If you go into it and I'm, you're watching this because you either clicked on it by accident or you know, us, and if you know us, then you know me and I'm a conspiracy theorist, anything and everything. Let me tell you when they show a preview for a movie, I believe it, I believe that preview. I think the movie is going to be that good. So, um, yeah, I was told that it's a spine, uh, spine cervical spine platform and I believe it so
Speaker 1:Run by the, the, the reptilians. Are they the owner operators of that? Um, I mean, look, my, my five year old was playing animal crossing today, which I do know all about. And, uh, it was asking him for his favorite color or food or something, and that was going over. There they go, their data mining. My five-year-old. They want to know if he likes oranges or apples. I mean it's
Speaker 3:Yeah, it doesn't end it doesn't
Speaker 1:Okay. So we'll talk to that one up next to me to dinner, dinner party, tic talk is trying to steal your precious personal data first company to ever do it or not shame on them. Shame on you. Well, good thing. We have Donald Trump. Okay. Move on. Let's move on to Disney. Um, so kudos to Disney. Uh, they got everyone to buy Disney plus was the biggest ramp up ever for a digital streaming service back in wherever I think LA late last year. Yep. Um, so today, because movie theaters are nowhere close to opening again, due to obvious circumstances, uh, the live action version of Moulin, which hopefully is better than the live action version of Aladdin is going to come out on their service, but they're gonna charge you$30 for this. So you, you, you, you don't get it now as part of Disney plus, and I guess where I'm going with this as next time, you're at a dinner party or on the campground was with friends and you need to sound smart and just say, Hey, look, if you normally land's coming out and gonna have to pay for it, and guess what, it's going to be$30,
Speaker 3:$30 do you pay for it? That's the real question. At the end of the day, it doesn't matter. They could charge 50, they could charge 20. Do you and your household pay for$30 streaming Milan?
Speaker 1:And because this is a business oriented late night television show or internet broadcast, uh, people started doing that. Uh, the popcorn, math go, okay. Uh, I was going to go to the theater. It's gonna cost me gas, maybe a babysitter. I'm like$50 in popcorn and soda. Like, obviously it's$30. Like, uh, it's a new release. I'm going to pay that, man. I go, no man. Guess what? Cause like a lot of people, I haven't had time to watch Jack all, uh, during it because I've been cooking and cleaning and looking after my kids working, believe it or not. And I'm just trying to like survive. So, um, no Milan, you're not going to get my 30 bucks Disney. I'm sorry. There's like a hundred other things on your platform that I still need to watch. Um, but if you want to sound smart, the reason that they're doing it is because they want people to not drift in and out of their service. So, you know, it's not like every month Milan Mandalorian comes over.
Speaker 3:I caught me. I caught me hard, man, Mandalorian. That was the biggest worm and it hooked and hooked nicely. It gave everybody who was like me, who loves star Wars who love westerns and it gave it all great acting great music. Just, yeah.
Speaker 1:I mean baby Yoda. Hello? Yeah, yeah, yeah. Come on baby. Okay. Uh, so special, special kudos to them for that. But yeah. So you're trying to avoid the drift and drift out, um, you know, people going in and out of the service and not paying the seven bucks. Cause if you cancel, while you have Moulin and pay the 30 bucks, you don't get in the land, it's kind of stupid, but right, there you go. That's dinner party. You can use that even though at dinner parties don't exist anymore. Um, and here's one, this is for all the people I really want to sound smart. This is Tesla's planned five ways splits of their stock. Okay. Um, so they're going to take all their stock and then they're going to split a five ways so that if you own one share, you get five shares. And there's a lot of reasons company this, and won't bore you with it, but it's oftentimes meant to have cheaper stocks, so more people can buy it and potentially drive up the price again. So right now I haven't looked at the price of Tesla. I will put it up on the screen here. If, if I, if I can get my editor to do it, um, I haven't bought the stock, but I'm assuming today it's a hundred bucks. I'm sure it's a lot more Barrington. Armstark are you going to buy more Tesla stock or any Tesla stock? Cause it's cheaper.
Speaker 3:No, no. I am not. Uh, simply because my money is being spent elsewhere on two teenagers. Um, I'm not knocking on my Tesla. I'll buy other stock, but uh, not Tesla. And I think it's a great company and I love Elon and all that he's doing in the innovation. Not him, not just him and his team, but uh, no.
Speaker 1:Well, I'm a big fan of buying stuff that you can use or buy. I can't afford a Tesla nor do I want to set up a charging station in my garage. There's like hockey nets and bikes and stuff. It's just not going to work. So I'm out on Tesla stock, but I believe in them too. Next time you're at a dinner party, just say, Hey, did you hear about that? Five-way split it. Tesla stock. I'm thinking of buying some cars. Now it's more affordable or maybe you should buy some, not a stock tip, but I just heard from these guys on this.
Speaker 3:Yeah, I was clicking through and I accidentally stumbled upon them and I saw a guy drinking Apple juice.
Speaker 1:Exactly. Okay. So that's lazy headlines folks. I hope that helped you, uh, be more socially adept and sound more intelligent. And if not, just tell us in the comments below. And by the way, while you're looking below, there's a little thumbs up button. We need you to hit that. I really need you to hit that. I like I'm I'm the future of this show is all about you
Speaker 3:Actually is, Hey, buy a thumb.
Speaker 1:I will not a lie. The only person who really looked provided a legitimate YouTube comment on the last episode was our boss. So, which was hilarious because his YouTube name is literally his full name. Richard Carlton. He's not ashamed to be Richard Colton. Okay, I'm moving on. So that was lazy headlines. Now we're going to do boring headlines. So part of the reason we created this program was, uh, again, to kind of break free a little bit of the tropes. Um, the mundane is sometimes that creeps into business media, especially in Canada, sorry, Canada, but our business media landscape socks. Okay. I'm just going to say right now
Speaker 3:I'm jumping in, jumping in. We want it to suck. We want it to be boring because we don't need the excitement and the drama, which surround us, which are elsewhere. Canada, please stay boring.
Speaker 1:But I think there's a limited boring, uh, mundane this, I think, uh, we can do a better job of, of, uh, sugarcoating things. So boring headlines. The point of this segment is to give some insight into what we notice and Barrington did his homework on this one. So you're going to hit me with some boring headlines and maybe we're going to try to, uh, spice them up a little bit or
Speaker 3:Yeah, well this one wasn't boring. It was just sad. And you know, we had this, we had this assignment and I kind of strayed from it. I'm like, is this boring? But Disney ends the historic 20th century Fox brand. And I was sad, sad that, that got me. Um, cause it had to be letters. What's up. Can you say that again? Disney and the historic 20th century Fox brand.
Speaker 1:Um, but uh,[inaudible]
Speaker 3:Yeah, it's going to be called 20th century or 20 television. I think the mouse of house is, uh, is alive and well, but uh, yeah, it's like, I don't know, 85 years old, something like that. And that's part of the it's part of the thing. And that, that made me sad. That made me start I'm I'm the stall GKIC
Speaker 1:Yeah. I mean they bought part of foxes, Rupert Murdoch split off Fox news and Fox. Everything else basically she's I think it was last year. And so the only reason I know this is because then now means that the people who make the legit Marvel movies can now make the X-Men movies. And if you've seen an excellent movie, the last, I don't know, three or four years, they've been pretty bad. The last one, the Phoenix one was particularly terrible and
Speaker 3:Well, you know what? It took a, it took a long time to get up for that. And we did and we watched it and
Speaker 1:No, I fell asleep. I usually fall asleep at five. If I feel like my brain already understands the plot, it's like, Oh, okay. Here's the triggers something inside of me. Um, believe it or not. The last movie I didn't fall asleep during was marriage story on Netflix. I watched it on February 14th.
Speaker 3:Yeah.
Speaker 1:CMHC had planned, Oh, sorry. Let's let's restart that one. CMHC head plant pleads with Canadian banks to avoid risky mortgages because it was headlining on a particularly popular Canadian business website. You guys wanna hear that? One more time? C M H, C head pleads with Canadian banks to avoid risky mortgages. Wow. That's
Speaker 3:Pleading on their hands and knees. Don't don't do it. Don't do that.
Speaker 1:You just hit the nail on the head Barrington they're using language. They can't back up. So they're saying they're using this very strong term plead, like please do something, but it's then you see that there's a video of a guy is wearing like a suit and tie and he's in his house. And we should talk about, uh, um, fashion in a minute dress code, which I break constantly now, but he looks kind of sad that there's a still shot. I'll try to pull it up and he's in a nice house, but I mean like, is he really pleading or is he just kind of asking like, Hey, can you just, you guys' mind, would you mind? Hey, big giant monolithic, uh, ugly opoly bank consortium. Can you maybe just lean off, just chill a little bit. Just where the risky mortgages, we don't have like a mortgage crisis.
Speaker 3:Um, I, I found a headline made me, I just laughed. The Kentucky Derby will allow spectators in the stands, but the capacity is capped at 14%. Not 15%, not 13%. I'm not gonna lie. I just don't know they got exactly the 14. What would have been better? What would be the a it's capped at 14 to one odds that I got, as soon as I saw it, I, um,
Speaker 1:The horses are in the race 14. That would be killer. That'd be all. They thought the Hunter,
Speaker 3:Um, I did come across a lot of Trump headlines, but I thought it would just be too easy. He's Trump calls for a democratic demand calls, democratic demands, ridiculous as morning traded, uh, over virus aid stalemate. I just feel that he literally says anything. He says, whatever.
Speaker 1:Yeah, he's got his own special category. I don't think we have time today to segment off of his headlines, but yeah,
Speaker 3:He do. He gives zero F's all over the place. And, uh,
Speaker 1:And astounding amount of zero asks given, um, the I'll just go back to the Kentucky Derby, the NFL, the NFL released like a list of each team's plans for attendance. Uh, many of which were like, yeah, we don't really know yet. This is a league that's supposed to start in like four weeks. And then, so last week we talked about sports. The, uh, there were some are like, who is a Baltimore? Like, yeah, we're only allowed 18,000 fans. That's like 12% of our capacity and I'm getting the numbers a little off, but it was some egregiously, huge number, like, like a hockey stadium fits as many people as they, they were like hedging by saying, uh, it's like 18,000. We're really, we're not going to let season ticket holders have tickets. It's going to be first, come first serve. It's going like you kidding me, 18,000 people. Like at that point, what's the difference between 90?
Speaker 3:Why do it, why bother? I don't know.
Speaker 1:They're not understanding it, right. They're not,
Speaker 3:Gosh, I don't, I don't get the United States. It really was some things. I love them country. We love America, love them, but I don't get it. And you know, I'm playing off of the football story. Um, college football goals that are going to be in trouble without college football, which, which is, which is a problem. If your athletic program, uh, can't really hold for, uh, a season, perhaps the actual school, the academic, the academia is what suffers. I don't get it. I think we've caught a little too far. We've come have a little time, man. I have to go to school. Yeah. And I, and actually do my own school is right up there for, uh, you know, food. But I think it's a problem when, when the school itself is going to suffer and is, is really, really concerned because, um, because of sports,
Speaker 1:Yeah. Is there a concern for the kids that actually need to participate in the primary reason for their existence, which is going to class? It's this scary times folks. All right. Well, that was lazy. Sorry. That was a, that was boring headlines, which actually turned into pretty exciting headlines if you asked me. Um, so I just want to move on. So this would be the time of the show where we'd introduce a guest. We'd be like, Hey, how are you doing with, uh, as I mentioned earlier, um, the call is out. Like, if you want to be the first guest on this and you consider yourself a peer of myself and Barrington Miller, just pick up the phone, actually don't text me, uh, do text me, I should say, or Barrington HEDIS up and step into the ring. Come, come on the thirties, Thursday night. We're just, we're just at home. I'm in my basement. I've got nothing else to do.
Speaker 3:I'm uh, you know, I'm in studio B in front of the closet upstairs, right.
Speaker 1:Studio B or as I like to call it the beast sweep.
Speaker 3:Mmm.
Speaker 1:I want to tell you, we're using all our maternity Lamby. Um, so let's go back. So today in our professional, uh, capacity Barrington, actually, you were a moderator of a, uh, a fairly well attended, I should say, uh, virtual industry update. So these are events that we participate corporately through Canadian securities exchange and, uh, other corporate friends like MNP aired umbrella, such a law firm. Um, and you were talking about cannabis and it was a really great time in the, in the mid, you know, middle of August to sort of just take a breath and recap this industry, which is, as I said, if it wasn't for cannabis, we wouldn't have, wouldn't be sitting here, uh, with the luxury of time and capabilities and equipment and everything to produce a show like this. So thank you, cannabis. Thank you so much. Um, uh, Barrington, like tell me what you did today and just, just give me like this, let's dive into a little bit, but like, what is the word cannabis meant to you from a business standpoint these last few years? What, how do we even wrap that into a tidy little package?
Speaker 3:Um, well, you, you can't, uh, it's, it's timing and planning meet opportunity. Um, me being at the right place means having the right management meets, just being who we are, um, as a stock exchange and what we, what we represent. So, uh, we're doing a four part series called a virtual investor update, and this was the fourth installment. Where is where's the cannabis market? People were sort of down on it. Um, they were trashing it, valuations were really, really high when it came out, then it came off and then it went up and then U S decisions were made and things were sad and it went down again. And, um, it was acting like a real industry from starting and we were privileged enough to see the infancy of it, um, business wise and corporate wise. So, uh, we took the Liberty of having a discussion of where it is. And like you said, uh, we had expert guests from Erin umbrellas with Sherry Altshuler and Richard Kimmel from MMP with, uh, David Danziger, um, mr. James Parker, formerly of madman, CFO. And I think, Oh, uh, Richard Carlton from the Canadian securities exchange. And like I'm missing somebody really, really important. Um, that's my plug for Richard and I got to host it. So we covered a variety of topics. Um, the last one I'm jumping right to the end was this hot topics. Uh, we talked about banking. We talked about legalization and interstate, uh, interstate commerce and interesting travel. And James Parker was actually the one who said that is, that will have the most profound impact on the industry ever is interstate commerce. It's not banking, it's not legalization. Banking's a red herring. They have bank accounts. Um, legalization, not sure because people right now are built for, uh, in instate only and separate state, uh, infrastructure. So they're operating, um, you find the silver lining and Colvin was one of them for all the negative and, you know, obvious things. It was a, the industry itself was deemed an essential service. And that is something I had a conversation with a gentleman named Kenny Mack for a restore the harm. Um, look it up. They're doing some really, really great things, uh, on the social equity piece. But, uh, yeah, it was, it was good. It was good. It was a good conversation. Um, yeah. Where are we? What does cannabis mean to me from a stock exchange? It shown a light. Sean Jones put a light on us, like never before, and I'm going to give credit to the management and credit to the employees and, uh, particular credits to our trading system and our trading engine, which gets no attention cause nobody cares. Uh, the volume spikes that we saw, we handled with these and when people realized, Hey, this exchange can take it and we can keep going and we can keep training and more and more and more and companies could facilitate their business and get access to capital markets and they could grow. And it could become more legitimate from the, I guess, the illicit market more into, into the legal market. So it means, it means we kind of grew up. Um, but that's what, you know, that's a long winded sort of answer as to what today was, what cannabis was yesterday, where it will be going.
Speaker 1:So I was just thinking about not so long ago, we would have these phone calls and internally and go, can we go to these conferences in the U S cause there was starting to pinch people, um, that were operating in Canada and going to the U S to participate in, um, you know, Canada's cannabis businesses like, uh, Nevada and we're not and whatnot. And the, um, there were a few people in Vancouver got pinched and then, um, people started getting nervous going, Oh, I can lose your five-year. You're gonna band for five years, go in the U S and just kind of hilarious now that
Speaker 3:It's like, okay,
Speaker 1:Okay. Yeah, sorry. You never, you never think that this is where your career is going to go. And, and you never saw this as an industry that was going to be like a benchmark of, you know, at this 0.5 or six years of what we're doing, but I must say it's been pretty cool. It's been, it's been great to meet a lot of these people along the way in the journey. And, uh, looking forward to seeing what happens. I mean, right now, the way I see it as the, the mirror, the Canadian companies are kind of just all struggling because they were basically building farms, right. And not a great business. Uh, it's, it's very much a, you know, a thin margin, high volume business, uh, Canada, believe it or not. Isn't the great, the greatest place in the world to grow a cannabis. Um, at scale, you have to build these big greenhouses for it to meet any sort of standard, uh, that the government and the, um, actually the end purchasers are going to be comfortable with. And I think a lot of people lost sight of that, you know, really early on, which was, you know, we're all we're going to fill all this market demand. And it's like, well, yeah, no, you, a lot of people are already getting what they want at a very high quality through illicit ways. But geez, you know, when's the last time I, anyone in Canada got arrested or put in a jail for a long sentence because they bought street drugs. You know what I mean? Yeah. Just to be clear, don't go buy heroin until you have James say, Oh, you're not going to buy, don't buy anything off market. No, I'm not advocating for that. But point being is that, you know, everyone was trying to come up with these premium style brands and everything. And at the end of the day, I mean, if you've already got a habit and it's being supplied in a very comfortable way, oftentimes just by picking up the phone and making a quick call, not that I know that, um, you know, hi, how are you going to outperform that? How are you gonna out perform on costs? People treat this Alyssa market like, and everyone had this, this concept, I guess when I'm reaching for his everyone decided because they were doing the altruistic thing and going, we're going to tax it. And we're going to put in stores and it's going to put a nice packages. They thought they were going to change people's habits and businesses all the time take for granted how ingrained and habitual people are. And you see this a lot of ways. And I'm in cannabis really blew up when they, when they decided the industry in Canada and the way that they deployed things and thought in Capitola, everything, they didn't put the customer habit first. And they didn't realize, like we talked last week on curbside pickup. Every time we put a barrier up to getting a quality product with convenience that you trust, um, is just preventing people from going into any sort of store or anything. That's run by government that gets taxed. And that's where they screwed up. We don't want to go, I don't want to go on the specific little things, but last week we talked about curbside pick up. That's an easy one, just one more way, where people are not going to be able to have a good user experience, um, through the purchase cycle. So they're gonna say, screw it. I'm still going to get out the way I've always got it. And, uh, so there you go. The industry kind of in Canada got what it deserved. And then the U S obviously the, as you mentioned, the regulations have totally gotten in the way. Um, so until people can move stuff into interstate, as you mentioned, uh, a lot of people will have these sort of States dominant positions, but they're not going to have what ultimately is going to be exciting for investors, which is total dominance of the region, or even the country. And that's, who knows when that's going to happen. So do you have any predictions on that?
Speaker 3:Uh, no. Cause you're smart. Yeah. Like it's not going to be during the selection. That's not going to be next year. Not going to be the year after that's, that's not, I actually think this is my own personal opinion. I think the illicit market was kind of needed and it's not needed in a way to access, um, access cannabis. It's a checks and balances. And the one state that really, really does it. Uh, one of the States is California. That's how, that's one of the ways they determined how much tax to put on. It's like, all right, we're going to throw whatever 15%, but I could be totally making this up. But 50% they're like, Nope, we're out. Okay. 11%. Nope. We're out 10%. You know what? We can live with that. And that's it, same quality, higher, uh, I guess higher standards of testing, those types of things. And again, it was being compared to, you need something to compare it to, and you need something to keep it in check. Like, how do you know, how does the government know what to charge for a grant or what to charge for an ounce or the baseline price? Are they going around to people saying, how much are you willing to pay? Uh, I'm willing to pay 40 cents no. To see what's out there and then use that as your gauge, you're going to, the price is always going to be fluctuating because it's a commodity.
Speaker 1:No, and that's my point is that you have to, if you're the government and you want to sell weed, you have to drastically outperform the black market and price, not be more expensive. You're trying to break people's habits. What's going to drive someone to you as a provider, a much better price
Speaker 3:Or, and convenience.
Speaker 1:Let me pick up the phone or go on the internet, buy it for cheaper. And I don't really care what the package looks like. To be honest, just tell me what it does and I'm good, but they haven't done that
Speaker 3:A really large province like Ontario. And I'm only going to open up a few dispensaries and I am not going to squeeze out the illicit market by saturating it. I am going to remove, I'm going to add more barriers to force people who really don't feel comfortable or able to go into dispensaries or order online from a dispensary. They have to order through this one organization. I, it's not going to be that show. We're not going to be that show. I'm not going down that rabbit hole. You're not going to get me not this week.
Speaker 1:No, no, no. There's a lot of people that are frustrating gasoline on the dumpster fire of the Canadian cannabis industry or, you know, but, um, yeah, it's, it's like we support the industry. We, we, we wanted to, to be successful, but it's going through some growing pains. And obviously we, we, um, we grow with it. So hopefully we can all work together to, to build a better future. Um, and I'm going to talk about convenience for a second. So I'm going to transition a little bit into some what I hope to be another regular segment, which is the personal topics. Um, so these are just things that happen in our regular, regular law irregular lives. Um, so you know, we talk about convenience this week. Uh, maybe it was a week before, whatever here in Toronto and I'm a new market, which is North. Um, Costco is, has got a deal now with Instacart where you can order Costco, uh, groceries delivered straight to your door now. Okay. Whatever a lot of people, you know, like Amazon and stuff are getting in that game. Um, we just got this. So if you're watching America, you've probably had it for awhile. Cause you get everything first. Um, but it's only that it's not only that you just get it like a day or two later. I was, I did, I did two orders this week. Barrington. Guess how soon I got my order? Just guessed.
Speaker 3:Was it please don't tell me it was same day. Please don't tell me that same day, like
Speaker 1:Within two hours. Oh,
Speaker 3:Well that's a game. That's a game changer.
Speaker 1:Two hours legit. You order at the start of the day, you'll get it at nine. You order at nine, you get by 1100% and, and nor like the order,
Speaker 3:They can't keep that up. No way. No way.
Speaker 1:Well, that's what I was thinking. So, so I looked at, I analyzed a little bit. So again, business, this is a business show. Um, the, uh, the prices are up a little bit. Okay. So what if you go to the warehouse? So once you drive there, once you fight for parking, once you get, you know, through all the covert protocol, what's your time worth? Right? So I always put a price on my time. And uh, and so anyways, there's that. So I would say they, they put the prices up somewhere between 10 to 20% per, per product, but not some more than others. Like, there'll be weird things like I didn't order a bag of popcorn cause they jacked up the price. But then something like a box of may good Goodbars, which my kids devour, it was almost the same price as a story. It seems so. And then when you compare it to grocery, regular down the street grocery, then you get that economy of scale, like a box of 24 bars versus a box of six it's only three times the cost of the, you know what I mean? Like you're starting to get like 10 to eight bars for free, if you think in those terms. So it totally outperforms local grocery, which outside click and collect. I don't really want to do unless it's super, you know, organic, fresh or local. Right. So all I gotta say is Costco delivery is a game changer. It's a cheat code. It's Contra up, up, down, down, left, left, right. It selects like start or whatever the hell that's it's, it's unlocking efficiency in life hacking. I think in a way that I've never experienced with grocery, just be warned, pretty limited product selection, but who cares? It's food at your door in two hours
Speaker 3:With kids. Oh, I'm sorry. I'm hearing a bunch of yeses all across the place.
Speaker 1:I've just, yeah. And for the millions of Watchers, I've just ruined my advantage. Cause obviously it's gonna not ramp well, but I think it's like Uber or whatever. They get these guys that go and pick the order and uh, probably at the local Costco and then someone gets, you know, it's like, uh, you know, any of those food delivery ops, right. It's just for groceries. So yeah, tip them a little bit, but you know, we're all in this together. Help a guy out or a lady out and uh, go get your, to our groceries. Don't be a chump and go to the store. So I was a charge grocer, by the way. I'm totally serious. Just go get some stuff in there too. Like your meat went up, but
Speaker 3:Uh, I to sort of tie them, I didn't go to Costco cause I was a local chump and I didn't realize, and I purchased oxtail from Costco. It was vacuum sealed, vacuum packaged, uh, the pieces where like my fist, I think it was like around 20 bucks, 22. I was like, all right, I'll give this, I know Costco buyers. I know them. They're really good. Like their fish is pretty much sushi grade and they just can't call it sushi grade. They're not allowed to, but I'm sure I'm sure it was served as sushi somewhere in the GTA. Cause that's good without any problems. Uh, again, just probably making rivers, but uh, I cooked it. I cooked the oxtail. I slow cooked it last night, eight and a half hours on low seasoned it. And uh, yeah, it's gold Costco. I can buy oxtail for me and make it.
Speaker 1:Can you explain to me when I go to my local Costco at the end of the freezer aisle after aisle, like the pita pockets and pizza pops and yogurt, it's just kind of like hanging carcass of a lamb. Like something you can put in your freezer. It's massive. I love it. What is it? Who buys?
Speaker 3:It's like go bigger. Oh, there's there are people who do, uh, and I love watching the people who do, because they know what they're doing. They know what they're looking for. And I wish, I just wish I had sort of had the balls to like follow them and ask, can I come to a party or I don't know. I don't know how they're going to cook it, but I just know it's going to be delectable. Um,
Speaker 1:How long are they in there for? I just don't get it. Like, it seems like they're turning this over. Like this doesn't
Speaker 3:Costco knows.
Speaker 1:Yeah. There's some weird stuff.
Speaker 3:Not weird. Just different.
Speaker 1:Sorry. We don't need the judge
Speaker 3:Know we can't. We can't judge.
Speaker 1:All right. Well, and maybe I'll end on that note because um, I wanted to, I wanted to talk a bit about vacations. Let's talk. Let's let's talk about your role,
Speaker 3:The role a bit more comfortable.
Speaker 1:Yeah. What is a vacation in 2020? I went away this weekend. I went to a friend's cottage. It was nice. Um, but I feel like you're trying to pack too much in the two days. You're just, you know, everything. Right. Um, w w I just want to know, like, what's your, what's your whole philosophy going to be on vacation this year? Are you going to take it? Where are you going to go? Like, how do we contextualize that right now?
Speaker 3:Everything that I've been reading about has said and suggested that you take vacation. It doesn't matter if there's a pandemic and you can't literally travel or get on a plane or whatever. Um, take the vacation, have that separation. It's not more, it's more about having that distance that you want to talk about the work life balance. As we sit in your basement or in front of my closet, um, you, you need to so vacation for us. And I'm really thinking about the end of the month personally is shutting it down. And the people that I've talked to who have taken it, uh, people at the CSE, people that work at other companies, uh, some do what you did. They'll take a day trip or a day or two, some will go nowhere and they will not check their emails. They'll just do stuff that they wanted to do that isn't work-related they have that break. They have that separation. It's not about Trump. Like for me, for a lot of people, it's not about traveling. It's about getting that separation back between work and non work life.
Speaker 1:Good point. And I think if you're, if you are a boss or just a very busy colleague, or just someone who likes to keep in touch with people you work with, and they're on vacation, public service announcement, don't bug them. Don't send them stuff. Don't give me a call unless you're like friends, um, just leave him alone. Cause I think it's important to give that space and respect it. And then, you know, when they're back, there'll be back. Um, but just, just chill out and, you know, we're, we're, like I said, we're all in this together. So that's, that's a great point, Barrington. And I think that's a positive note to leave on. We are positive dudes. We want to make this a positive program. Um, so if you're going to vacation, just tell us we won't bug you. You can watch all these episodes. You can catch up. Um, you can come on Thursday nights. I will say that a special announcement. Uh, we just recently on CCTV where this is hosted for each the thousand subscriber Mark. Okay. What that will eventually mean? Yep. That's right. Folks. We're like half a billion away from PewDiePie. So what we need, well, we need to do is get you to subscribe, please. Cause I want you to come back and join us for the next episode, wants you to be involved. We want you to like this. If you liked it, if you didn't like it, just give us a thumbs down, but either way up or down, hook it up a comment below, let us know, you know, what your thoughts are. I think we tried a few different things this episode. Um, but yeah, just, just come back and participate, have fun with us. Uh, and eventually, like I said, with a thousand people, uh, we can get demonetization not to make money, but we can actually start doing this live. And, uh, it'd be really fun to do the show live with all our friends, watching, maybe do some live questions and uh, bring in some guests and make this a little more interactive. But until then, it's just two dudes in their basement and bedroom talking for another camera disclosure. I can't even see Barrington. I'm literally looking at myself through a monitor. It's awesome. But these are the things that we're trying. And, uh, we, we appreciate you listening if you made it this far, um, just, just, uh, hit me up and you know, let me know what you thought. So don't be afraid to make suggestions too. If there's stuff you want us to talk about stuff, you want us to explore movies. You want us to review not move on because we're not paying 30 bucks. Sorry, Disney. Nope. He broke our hearts by, by killing the Fox intro. Now you're giving us, it seems like they're losing their touch a little bit. Okay. Well on that again, we'll uh, we'll keep looking at the headlines, uh, next week. Hopefully we have some more boring and lazy headlines for you. So you sound smart at your next. Let's say camping trip. Cause there's no more dinner parties and uh, yeah, this is James Black. I'm J B I'm signing off Barrington signing off as well. Thank you for driving. Have a safe night, have a great night and we'll see you on the next aftermarket. Cheers. Cheers. Hey, it's James here reminding you that if you just enjoyed this episode of hashtag finance, there's a lot more, make sure you subscribe to this show available on Apple podcasts, Spotify, SoundCloud, Stitcher, and Google podcast shows coming out at least twice a week. So please do not miss out. Also if you're on Instagram, please don't forget to follow us at Canadian exchange. That's all one word Canadian exchange. We're hosting live daily content with great guests, discussing the capital markets, entrepreneurship, investing, and much more. And finally, if you like video, please subscribe to COC space TV,
Speaker 4:That CSE space TV on YouTube. You can find more great stuff, including exclusive series content like cannabis month, 2020, and our new series investing in psychedelics as always. Thank you for listening.
Speaker 5:Yeah.