This transcript was automatically generated.
10:00:00:02 - 10:00:24:19
Daniel
It looks like Donald Trump is about to as we're recording this. Signed an executive order which will reclassify cannabis. Which should make it easier for a lot of companies to get involved. It would decriminalize it, at least partly at the federal level. Let's just kind of lay out the situation. So for 55 years, the federal government has treated marijuana as a schedule one narcotic, so legally equivalent to heroin.
10:00:24:19 - 10:00:48:01
Daniel
But with President Trump's executive order to move cannabis to schedule three, that era is officially over. So the federal government, for the first time is essentially admitting that this drug has medical value. This is at the federal level. The states have a different system. But of course, it all ties together and all effects companies. So people on the ground are asking a bit of a tougher question when it comes to this reclassification.
10:00:48:01 - 10:01:15:14
Daniel
Who is this victory actually for? By moving cannabis into the same category as ketamine or anabolic steroids, we've triggered a massive shift in the tax code, and the penalty that has suffocated small businesses for decades is essentially dead. Dropping tax rates for cannabis dispensaries from 70% to 21% pretty much overnight. So what this means is it isn't the Wild West anymore.
10:01:15:14 - 10:01:46:10
Daniel
Looking at it from the federal level, we're trading essentially this legalization limbo for federal oversight. And what schedule three means is that it brings the FDA and Big Pharma into the room. It raises the bar for manufacturing for patents. Who is allowed to own the supply chain? And essentially going from D.C. looking the other way because of it, essentially just treated it all as criminal to saying, we're going to regulate this and we're going to regulate this in a similar way to how we do with medicine in general, with all of the controls that are necessary.
10:01:46:10 - 10:02:11:04
Daniel
And that could have implications for businesses that made a name in the previous regime. Joining me now, our co-host Marty, who is the CEO and co-founder of convert, a New York based social equity dispensary that uses cannabis retail to provide stable employment for those most affected by the war on drugs. And Jonathan Hawkins from Carnegie Mellon University's Heinz College, and he specializes in research in drug policy.
10:02:11:08 - 10:02:30:21
Daniel
Before we get into the ins and outs of the cannabis market, I just want to focus on you cause you were in prison for selling drugs. Now you run a business that offers second chances to the formerly incarcerated, partly through combat, but also partly through work on body your fitness business. And it's a fascinating journey. How did you get from there to here, where you are today?
10:02:30:23 - 10:02:53:11
Coss
Well, I grew up in this neighborhood, the Lower East Side, where it was, very drug infested neighborhood in the 80s, 90s, early 2000. I started getting incarcerated in the late that, and, and that was, a grow a growing up wake up call. Right. Like what? What are the avenues to make it in this life?
10:02:53:11 - 10:03:13:16
Coss
Right? And as a kid, when I was growing up, the people that I looked up to were like these people that stood on a corner with a big chain and had a nice car and had a woman, you know, and all this other stuff. And so I thought that was, success in my eyes. So that's the avenue that I like, saw as, a way of making money in my neighborhood.
10:03:13:16 - 10:03:37:18
Coss
Right. And so I ended up going to jail multiple times, about a dozen times for, the smell of marijuana or having marijuana. Been stopped by NYPD over a couple hundred times. You know, every single day, like, walk into the store just so it be placed on the, on the on the wall to be searched. Right.
10:03:37:20 - 10:03:58:09
Coss
That was, that was the life that I had to live in my neighborhood, you know, seven neighborhoods in New York City made up 75% of the whole New York State prison population. And like we think about that, seven neighborhoods and the Lower East Side was one of them. So that's, I was born in this trap.
10:03:58:09 - 10:04:19:13
Coss
Right. And so I ended up going into the system. I ended up starting combat behind my personal experience where I lost over 70 pounds in six months after doctors in prison told me my cholesterol levels were through the roof, that I could probably die of a heart attack within five years. I was sentenced to seven years in prison, and I started working out in the prison yard nonstop.
10:04:19:14 - 10:04:41:18
Coss
I worked out, two hours a day in the morning, two hours a night, you know, would move around. And so I was moving with a garbage bag, and I was the only person with a garbage bag in the yard running the the labs. And, and snow, rain, sleet, you know, and whatever. And then I ended up coming out of prison.
10:04:41:18 - 10:05:07:18
Coss
And while I was incarcerated in that time before labor, before I was released, I ended up, spending time in solitary confinement and solitary confinement is where I wrote out my business plan for commodity. So I come home dark. Somebody's still running. Now. We have 12 years and running and operating and hiring the full staff of formerly incarcerated individuals where they go into the jail system every single day.
10:05:07:18 - 10:05:35:04
Coss
So we go to the juvenile facilities of Rikers Island facilities, train people inside, give internships, give them employment. So we're building a prison, employment pipeline. And we used to convert, you know, three years ago, I started the company. Well, we launched, basically like five years ago during Covid, I started writing out the business plan, and then we saw that the bail and everything was being passed.
10:05:35:04 - 10:05:51:19
Coss
I Mr.. And I met it was written for people that had been affected by the war on drugs, you know, so in order for you to receive the first license and be able to market, you have to have a two year in a profitable business, which I had with somebody and then also had the conviction for cannabis on your record.
10:05:51:21 - 10:06:16:09
Coss
So I met the qualifications perfectly. I ended up being like the first 150 dispensaries, to receive a license. I was the 21st, dispensary to open up in the whole state of New York. And it's been an incredible learning experience, right? Like, I'm, I'm a hamster in a lab rat test that the state is saying, like, hey, this is some sort of way of reparations, right?
10:06:16:10 - 10:06:40:23
Coss
We're going to get back to, you know, you know, for the harms that we've done. But you have to qualify for this, this opportunity. So I jumped into it. It's been crazy. You know, I have the highest retention rate for unemployment, in the state. And then, I mean, in the country, right. The country for dispensary owners and a retention rate for employment is only two months now.
10:06:41:00 - 10:06:44:08
Coss
People working for two years, you know. So, yeah, I mean, it's.
10:06:44:08 - 10:06:59:09
Daniel
Clearly it's clearly, you've seen quite a bit of success. What would your teenage self say if he walked into one of your shops and saw not only was it selling cannabis legally, but that you've built this multimillion dollar business out of it.
10:06:59:11 - 10:07:20:14
Coss
I don't know. You know, I feel like every day is the beginning, right? I feel like I'm building. I'm trying to build an institution. So, like, it's like, every day is a hustle and a grind, and, every day feels like day one. Like, I have so much work to do. And, and, just building out the team and and building up more people and opportunities.
10:07:20:14 - 10:07:27:21
Coss
It's just it's just the beginning, you know, I feel like I feel more on a larger level, larger scale nationwide, you know.
10:07:28:02 - 10:07:31:22
Daniel
There's more to come from you. That's that's clear. It's it's just getting bigger and bigger.
10:07:31:23 - 10:07:34:17
Coss
Well, yeah. That's not a weed in Germany, you know.
10:07:34:20 - 10:07:53:01
Daniel
Well, you never know. You never know. I mean, Germany is partly legalized, but only partly so. It's still got a way to come. But we'll get into that kind of the legalization. Story. John, thanks you very much for joining us as well. I mean, as we're recording, Trump is set to sign an executive order calling for cannabis to reschedule to be rescheduled.
10:07:53:03 - 10:08:15:13
Daniel
So obviously at state levels, it's been legalized in, in various separate states. But on the federal level, it's been essentially criminalized this whole time. So what does this rescheduling mean for, let's say, smaller social equity? Founders, will it help them more or do you think it'll help more to push up massive takeover by multi-state operators?
10:08:15:13 - 10:08:17:22
Daniel
What kind of environment? How is this going to shift the market?
10:08:17:22 - 10:08:48:04
jonathan
Basically, there's going to be two clear beneficiaries and then two groups that we don't know. And I'll get to that. But first, I just want to elaborate on what you said up that the United States is a federal nation, just like Germany states some of them have legalized in industry. The federal law says cannabis is still prohibited in this schedule one, which means a controlled substance with no medical use.
10:08:48:06 - 10:09:15:12
jonathan
And it has an official non enforcement policy against state licensed operators. So on the books it's illegal, but there's no enforce ment by federal agents. As long as an entity is following state rules. Moving to schedule three would move cannabis in the federal eyes to a drug like a pharmaceutical drug that has approved medical use, that's what's being discussed.
10:09:15:14 - 10:09:44:20
jonathan
It would not make it legal federally to produce and sell for non-medical use. All schedule three substances must be prescribed by a doctor or dispensed by a pharmacy, and also, crucially, meet what are called good manufacturing practices that we expect of regular pharmaceutical drugs. And almost all of the state licensed industry would not currently be compliant with those rules.
10:09:44:22 - 10:10:18:23
jonathan
And so the big uncertainty is will the FDA, that's our agency that enforces rules on pharmaceutical drugs, get involved at the moment when it's schedule one, the FDA says no medical, use, not our bailiwick. We're on the sidelines. Once it's moved to schedule three. The FDA then has a very difficult choice. Do they start enforcing rules like on good manufacturing practice, which would amount to more restrictions on the federal government than we've had in the past?
10:10:19:00 - 10:10:40:02
jonathan
Or does the FDA say for this one drug, we won't enforce the rules that we do enforce for all the other pharmaceutical drugs? And what kind of precedent will that set for other companies? So so that's the setting of who wins, who loses? Medical researchers are going to win. It will simply be easier to do medical research on cannabis.
10:10:40:02 - 10:11:09:23
jonathan
The second is all the state licensed operators will win for a very strange reason having to do with taxes. Super obscure. I could explain it, but it would probably put all your listeners to sleep. But there is a weird tax thing that will benefit the state licensed operators. The uncertain questions are will this protect consumers? On the one hand, if the FDA enforces its rules, then the products will be more quality controlled and better available.
10:11:10:00 - 10:11:35:12
jonathan
But the FDA might not do that. And the reason this matters is the state's rules are a total hodgepodge, and they're not always fully protective. They're very onerous for the entrepreneurs. They're very burdensome, but they don't always protect health. For instance, a lot of the rules and things like more are based on food that you take into your stomach.
10:11:35:14 - 10:11:58:03
jonathan
They're not based on what's safe to take in to your lungs, and your lungs are much more vulnerable to mold than stuff that goes into your stomach. So, whether this will help protect the public health remains to be seen. And then you ask, is this going to help the small operators or not? That's a really good question.
10:11:58:05 - 10:12:28:04
jonathan
So again, a little bit of weird U.S. law. Any legal product cannot have states restricting commerce by other states. It's called the Interstate Commerce Clause. But as long as the product is federally illegal, then every state can have its own little market. It's unclear whether moving to schedule three will eliminate the ability for the states to have their own separate market.
10:12:28:06 - 10:12:53:07
jonathan
If we turn out to have a national market and national companies can move cannabis across state lines, that will advantage the large corporations. And if you look across the border in Canada, some of the cannabis companies there are much, much bigger because there are economies of scale that allow efficiency. So I don't think we know for sure whether the schedule three will move the market to big national companies or not.
10:12:53:09 - 10:13:12:21
Daniel
Okay. In case I want to come back to you. I mean, this kind of these complex laws and the taxes as well behind it, makes it very difficult to run the kind of business that you're running. So what are the kind of the day to day challenge challenges that you're facing? An incumbent in a company that's kind of been in this legal limbo for a while.
10:13:12:23 - 10:13:37:08
Coss
So, I don't read I don't read books very much as read regulations. And that's all that's all I've been doing. And so that that's where the tax law that he's talking about is a 21% tax after year of gross profit. Right. So that's a big nugget, you know, that'll be saving, you know, like you know a good hundred grand.
10:13:37:10 - 10:13:58:23
Coss
You know, for a company that's generating about 600 K a month, you know, and an extra profits. All right. And then I could tax deduct a lot of stuff like my marketing, my range, my ploys that are planned, touching bartenders, you know, all this stuff that I guess tax ducks is that the thing with the medical operators is we got to be careful.
10:13:58:23 - 10:14:24:18
Coss
Right? So they come in, right, and drive the price down. And so you won't have a profit margin to live on. Right. So for example, if, they take over my shelves and the problem is right, like now we don't know the tax bracket, what's going to happen with reschedule? You know, maybe they're on the allow the medical products that we carry on our shelves be tax deducted.
10:14:24:20 - 10:14:50:08
Coss
Right. So this is just a lot of operating in the gray area that we really don't know right now. That's what I was talking to the surgeon, Cooperman, which is. But they're my my accounting firm. They were top accounting firm in the country for cannabis. And they they're saying that this is written differently, that it may affect us on the bottom line with what we could tax and done on, on a product that we have in hand.
10:14:50:08 - 10:15:14:15
Coss
So that forces us, you know, we got to be careful, right? Like if we if we take everything that's medically operated right, then we're not following, state law, which is the market which is supposed to get back to small farmers who are growing in these upstate spots that are or micro, businesses that are growing and buildings or grow houses or apartments or whatever it is like to come into the market.
10:15:14:15 - 10:15:38:00
Coss
So we got to be careful with allowing, how much how we balance that, that shelf space, you know, as a retailer, the end of the funnel, I got to choose who I want to get. But if we allow not an even playing field in allow all right. So, Big Farmer ten or Curaleaf come in and says, hey, I'll give you $5 A's.
10:15:38:02 - 10:15:48:13
Coss
I'm gonna be like, I'm going to take everything and sell. And now I have I'll some I'll sell them for 25 and have a huge, profit margin. But then tomorrow they can say, hey, the price is $21.
10:15:48:15 - 10:16:00:11
Daniel
So there's this huge complications because of this, change in the scheduling and also opportunities for other companies to, to, to come in and, you know, they might be targeting your kind of business.
10:16:00:11 - 10:16:23:23
Coss
But what you're what New York say beautifully was also like, allowing that, you know, requiring the farmer or, pharmaceutical companies to have shelf space. I think it's like a 70, 30 split or something where they have to carry 30% of the farmers products on those shelves. And, you know, so it helps them in some sort of way, but it's not enough.
10:16:24:00 - 10:16:26:14
Coss
Okay. How do we split that, that balance.
10:16:26:16 - 10:16:41:12
Daniel
All right. So John, I want to kind of, look at legalization in the round here. What have been the kind of the successes and the failures of legalization in the US so far? What should other countries take from the U.S example?
10:16:41:14 - 10:17:07:05
jonathan
In the success is the sky didn't fall, so uses way up but not for use. And we haven't had any catastrophic problems. But the the downside is the situation in the US is completely contradictory and just functional. The main message I would say to other countries is don't don't do it. The way that we did look at Canada.
10:17:07:05 - 10:17:45:22
jonathan
Canada was far more coherent with a single national approach. They still allow variation from province to province. But we have had this odd limbo with state and federal law not being compatible for a long time now. And even worse, we've had this. Okay, how many complexities would your viewership be interested? But we had this funny thing called The Farm bill passed in 2018 that was intended to make it easier for farmers to grow the cannabis plant for things like fiber and seed, make t shirts, for instance.
10:17:45:24 - 10:18:21:22
jonathan
And so the rule was written saying anything with less than 0.3% by weight. Delta nine THC, the normal principle intoxicant in natural cannabis. So if it doesn't have much of that delta nine then it's non intoxicating and it's legal. And you can do anything you want in a ruling operating outside of the state licensing system. But the catch is you can grow the plant with a bunch of CBD, a different cannabinoid and then in the lab turn the CBD not into Delta nine, but Delta eight.
10:18:21:24 - 10:18:48:20
jonathan
And Delta is intoxicating. But it exploits this loophole in the law that we just closed that loophole last month, but doesn't take effect for another year. But for the last couple of years, there's been this entire completely under regulated, intoxicating cannabis market with no protections for the consumers. And there's they're not paying taxes at all. So it's been unfair competition for the area.
10:18:48:20 - 10:19:05:05
jonathan
In short, the US approach has been a bit of a basket case, and I don't think that we're the role model. If anybody asks who to emulate, I would look at Canada as having a much more coherent approach to legalization than what we have done.
10:19:05:07 - 10:19:28:23
Coss
I want to buy in in there because I feel like, even though there's been a whole narrative of a messy, rollout with New York State, I feel like New York State has the only real equity behind this. Right? Like, who should be benefiting from this plan? Right? From people that have been incarcerated, you know, people that's, you know, been affected and their neighborhoods.
10:19:28:23 - 10:19:35:20
Coss
Right. Like, what they build, I feel like, is some sort of reparations in some sort of way.
10:19:35:20 - 10:19:47:07
Daniel
And can you explain that from the beginning? So what was it that New York did differently because they had this social compound that was in that was part of their legalization process?
10:19:47:09 - 10:20:21:18
Coss
Yeah. So I had to pay $2,000 for a retail license no matter what. Our property had to pay $59. Right? I mean, 20 million. Right. And they had a $5 million down payment. They have a payment plan. They putting all this money down like we get a shot and everything is proximity protected. So when you look at the state New York state map, you only just, fit a certain amount of dispensaries because you have school proximity, you have church proximity, you have from the next dispensary proximity.
10:20:21:18 - 10:20:57:24
Coss
So it divides the amount of, economy, you know, pretty nicely. You know, if you look at, the, the Whitney economic Report, they're supposed to evaluate once they get to like 7000 dispensaries. And this is like this boom that people don't understand that we were saying is just not New York City. There's like it's a huge 25 million population state, you know, and also one thing that we don't what I'm fighting for is like, we have 680,000 people being released from prison every year from the American system.
10:20:57:24 - 10:21:22:05
Coss
Right? 185,000 are coming from just New York State alone. All right. So we have a huge workforce that we can tap into. And I'm arguing the fact that, like, now I'm talking I'm literally as somebody I've been incarcerated for this, talking to the state regulators to bring in a program to show and teach these individuals that are inside, so spoke to, like, Curaleaf.
10:21:22:05 - 10:21:45:09
Coss
Right. Like I went to there's their plant and they're like, we're willing to hire more people. Like, we're at a max capacity. They're going to have 500 people in that state, manufacturing space. Right? Can we bus people from neighborhoods? Right. That, can't travel there, but we could get a shuttle bus and get people to work, you know, and really show them and train them while inside.
10:21:45:09 - 10:22:01:20
Coss
So I think there's a system that, Canada's not touching this system because they don't have the incarceration rate that we have in America. Right? There's 2.3 million people incarcerated. But, you know, it's it's it's a different.
10:22:01:22 - 10:22:18:24
Daniel
Because when you say that this, that this because this was part of the pledge especially for, for New York, that they they made this part of their rollout that the people, the communities who were most affected by the the war on drugs would be the ones to benefit from the legalization. And and you are the face of that promise.
10:22:19:01 - 10:22:24:22
Daniel
So has that become a reality or would you say it's more of an an ongoing struggle?
10:22:24:24 - 10:22:46:23
Coss
So I'm operating at a 10% profit margin, right. Once this to 80, anything speculative, whatever happens to it, you know, I know we're going to bump into so many lawsuits, who? We don't even know if the House of Representatives, the centers going to get, you know, bring something up about it. We don't know if the Supreme Court is, something's going to happen.
10:22:46:23 - 10:23:12:00
Coss
Right. And we got to go through this whole process and nothing. It's easy. But doing this to Eddie. And we have we got really tax right off 21% of our tax right now. I've been using these 490 tax loopholes to not loopholes, but there's actual way to deduct different spaces of your sales floor and your, and your certain employees that are just holding the cannabis and using that.
10:23:12:00 - 10:23:38:13
Coss
And moving your security company to the cards in the. Yeah. Your sheet. Right. Like, it's it's it's, it's it'll be a game changer for me, right? You know, for me to, as as somebody that came out of prison working for $5 an hour, right? 12 years ago. And now that I'm going to be profiting an extra underground, right?
10:23:38:15 - 10:23:40:05
Coss
I mean, it's.
10:23:40:07 - 10:23:56:22
Daniel
It's fun, but but but it does make me think I was I was going to ask you. You've gone from a fitness business, into something which is vastly more complex, vastly more, technical in terms of the regulations and rules, and things could go wrong and you get fined and all of these issues. I was going to say, why do you do it?
10:23:56:22 - 10:24:04:20
Daniel
But it sounds like you've you've just answered that question there, that there. Because of the risk, there is also potentially more reward as well.
10:24:04:22 - 10:24:18:16
Coss
Yeah. And I think I'm coming at the perfect time. Right. Which president is going to press that button to press the button at around the date. Right. Like they say 130. He's going to be making that announcement today, you know, okay. Reschedule.
10:24:18:18 - 10:24:20:03
Daniel
Yeah.
10:24:20:05 - 10:24:46:05
Coss
Regardless, very soon, you know, this stocks are going to go up in this market. You know, my valuation is going to go up because you have extra profit margins, operating like our actual retail stores. So if I want to exit out, right, like, you exiting out in the market right now, but it's, it's at a point five x and me maybe like building a brand and doing something, but I'm done.
10:24:46:07 - 10:24:52:18
Coss
It's I got A1X right. And that's a good thing. But like once this changes it could be A3X. Right.
10:24:52:20 - 10:25:14:22
Daniel
Let's you know yeah a penny of business potential there. And John, I want to just kind of my last question for you, John, is just where are we now in terms of looking ahead to 2026? What should we be looking out for if we're kind of monitoring the cannabis market, where it's going?
10:25:14:24 - 10:25:43:18
jonathan
There's a great line by an American baseball player, an actor who played for a New York team. So predicting is very difficult, especially about the future. When I give talks on cannabis, I have that same quote. But I say predicting is very hard, especially about cannabis policy. I really don't know. I don't even know how the FDA is going to respond to this change, and I certainly don't know what's going to happen in the next round of elections.
10:25:43:20 - 10:26:27:21
jonathan
What is striking is that for a long time, dating basically to 2010, there was this steady march towards liberalization in each election cycle. And that kind of stopped, last election cycle. And even one of the most liberal states, Massachusetts, has collect enough petitions that they're going to vote on a repeal of legalization. So this this kind of steady March narrative is less, compelling now than it was even 24 months ago, just means there's even greater uncertainty in how this is going to play out.
10:26:27:23 - 10:26:51:17
jonathan
I do hope in the long run that we get a national policy. So it is cohesive. That's not necessarily helpful to the small player. Let me end with one anecdote. Hops for beer are a little bit like the cannabis plant to cannabis products. All of the hops grown in the United States are grown in essentially 1 or 2 states.
10:26:51:17 - 10:27:15:22
jonathan
They're just the states where it's easiest to grow hops. I do think in the long run, we'll get a national policy, and then we will get beyond these state specific markets. And for better and for worse, I think that may be very hard on all of these little protected markets. Like, I don't really know why it makes sense for us cannabis to be grown in New York State.
10:27:15:24 - 10:27:29:03
jonathan
It's not the most cost effective way to to do it. Sorry, but my guess is we'll eventually get to a national market. And that will have the, other winners and losers. But how long it takes to get there? I do not know.
10:27:29:05 - 10:27:51:24
Daniel
Okay. And finally, my last question goes to you costs. We've talked a lot about policy and about the decisions of the people, in power, what they're playing, how they affect your business. If Donald Trump was watching this is probably unlikely. But if he was, what would be your message to Donald Trump? The people around him who have this kind of huge influence over your business?
10:27:52:01 - 10:28:16:20
Coss
I think it's, I think it's a plus, you know, especially in this industry. Right. Like this industry that's been suffering for so long that had this wrong narrative. Right. And and I think it we see it in this market that's bringing down like the consumption of alcohol. Alcohol kills people. And we have it legal. Right. And cannabis doesn't really act, you know, unless you get into accidents.
10:28:16:22 - 10:28:43:15
Coss
Right. Like but this is no consumption way of like recovering yourself, you know, and over consumption. Right. It maybe at a certain time, we don't know. The signs of people's bodies are different, whatever it is. But like, I'm just saying, like that. What's the better choice or what's the better way? I think Trump is, is pushing as somebody that I grew up with, you know, somebody in a family member that had alcohol, a problem of alcohol problem.
10:28:43:15 - 10:29:11:08
Coss
Right. This could have maybe cured somebody that has that issue. Right? With a simple gummy that you don't have to, you know, feel relaxed, and it's not a virtue. It's not going to be poisonous. So we we got to see the plus. And then I think there's so many people who are on the benefit of cancer patients, mental health, our veterans that are coming in that had so many issues that war, whatever it is like, you know, these people are using this as a medical medicine.
10:29:11:08 - 10:29:36:20
Coss
And I think a plant, it's it's a natural plant. It's not like we're taking cocaine and putting it with gasoline at the door or whatever it is, like we there's a plant that people are growing naturally, right? Curing naturally. I think we need to start bringing the word organic into the system. I think, like people are doing this organically but can't do it, can't state that they have an organic product on actual product.
10:29:36:22 - 10:29:58:20
Coss
Right. Like this is because it is not FDA approved. Yeah, right. So it's it it's wild. Like I've had the inspections in here the past four inspections, you know, like I'm I'm the poster child of this thing and I and I think what's being done, it's working, you know. And I want to know I want to tell President Trump like this will be a game changer.
10:29:58:20 - 10:30:29:22
Coss
Now for like, just myself and so many other people. But we need to think of all the people that have been incarcerated for this like we did it. It's enough, right? Let's release these people is not that many people that's been incarcerated. Release them. Right. And then we have to figure out enforcement because, you know, as the gentleman brought up, like people are doing this, you know, THC, A and B and smoke shops are selling spray products that look blue and colorful and, and people are buying stuff in cereal boxes, right.
10:30:29:22 - 10:30:42:15
Coss
Like at a time in the 20s. Right. People bought alcohol in their bathtubs. Like, now people are going to a liquor store or how long is it going to take for us to cross over to that at that time?
10:30:42:15 - 10:30:59:02
Daniel
You know, thank you very much for your time. Both of you. You've been watching a sneak preview of our podcast, The Dip, and if you want to subscribe and watch full episodes, just scan the QR code that's on your screen right now, or tap the link in the description.