I think that’s the part that most people are going to get a little bit whacked out on when they realize that this isn’t about vice, it’s not about getting high, it’s about getting well. It’s going to take time and markets are very, as you know, ADD, immediate gratification, pay me now, and policy takes time. You have a duration mismatch when you have 99.9% retail universe trading these stocks, it tends to be a very emotional bunch. This prohibition, this man-made prohibition that ignored the efficacy, that ignored the wellness, that incarcerated so many people of color, it’s a black stain on the soul of this country and I think it’s over. It’s just a matter of how it unwinds, how it plays out but cannabis is the earth’s medicine. It is one of the earth’s blessings and it’s been villanized and weaponized and that’s all coming to an end now.
I am pleased to welcome Todd Harrison of CB1 Capital to the show. We used to allow our customers spray painless a laser graffiti, but the parking lots now are so congested and full that we’ve had to loop that through a computer system. Then, on the rooftop, you see gigantic flowers that are multi-colored LEDs and just really vibrant and special and then you transition into this gigantic lobby. They greet you at check-in and once you get your tickets, you’re allowed to move forward into the grand hallway. On the left side of the building, we’ve actually got a large restaurant, Trece, we’ve got a full bar on-site. All of those things make a difference in costs, and that gets actually translated up to what the consumer pays.
There’s a lot of synergy between the things that we care about and the thought and effort that goes into the actual ingredients. The only reason that cannabis is grown indoors is because of prohibition. Now that we are legally allowed to grow, people can choose the way that they want to do.
There’s still going to be validating and verifying funds that they’re from legitimate businesses. While it hasn’t yet cornered a massive sales market or generated a real industry buzz, this brand is quietly creating some really interesting products that are particularly appealing to true dab nerds and which are all 99% CBD isolates. Founded by a group of three Colorado natives, CBDistillery is a socially-conscious brand that believes everyone has the right to high-quality, fair-priced hemp derived CBD.
Every new state that comes on is like another Canada. I mean, you think about next year if Connecticut, if the special session goes through, you have the entire tristate area coming on board next year. You have to take this off of their controlled substance act and circle it like you have for cigarettes or like you have for alcohol. You leave it to the states and the other criminal justice component and then you have the social equity component at the state level. That’s out ultimately with the state’s rights being protected. I think that is the best-case scenario for the MSOs and the existing operators, not the best case for all of the people who are sitting in jail for doing the things that we’re getting paid to do which is a travesty.
CBDistillery’s on the list for best waxes and terp concentrates, made from non-GMO, pesticide-free, industrial hemp, grown outdoors using natural light and organic farming practices. According to CEO Chase Terwilliger, CBDistillery’s vision is to become a leader of the #CBDMOVEMENT, a campaign that’s powered by CBD education, research, and testimonials. The ultimate objective is to be able to deliver CBD to the masses.
Another thing we like about this brand is that it uses organically-grown industrial hemp from Kentucky fields, nourished by both the Mississippi and Ohio rivers, to create full-spectrum oil tinctures. Full-spectrum CBD is a blend of CBD with other cannabinoids, terpenes, fatty acids, and beneficial compounds found in the hemp plant. While some people prefer a pure CBD isolate, there’s a lot to be said for the benefits of full-spectrum CBD products, as studies have shown that CBD is actually more effective when working alongside other cannabinoids.
We’re doing everything we can at the farm to continue to make it as fire defensible as possible.
We partnered with one of Sam’s other uncles who has an award-winning or organic olive oil farm also in Lake county. With Potli, we made an Aster cannabidiol infused olive Delta 8 Cartridge oil. It won’t always be with cannabidiol olive oil because it’s a very small operation there. We donated $1 of all proceeds of each pre-roll pack to local firefighters.
The SAFE Banking Act doesn’t take all the risk out of banking. It takes the prosecution out of the bankers and officers so that they won’t be prosecuted simply for banking the industry that is illegal at the federal level. That’s important, but the real risk is BSA risk, and that doesn’t change. That is monitored and enforced by FinCEN, and those are the fines that we really fear the most, and that is what causes the compliance work in terms of reporting. They grow and extract organic hemp in rich, clean, arable land under strict Kentucky law and the quality and consistency they provide is certified by the US Hemp Authority. All of their suppliers are GMP certified so that you can enjoy their products without risk of contaminants or pesticides.
Now, I think we’re officially at that point in a mature market where authenticity is going to be picked up on and consumers are going to start to really understand the personas behind these brands. We’re also issuing line of credits to all of our clients in the next couple months so that they can have a little room in their income statement because cash in transit can be an issue if it’s delayed in any way, shape or form. There’s still the requirements regardless of what happens with SAFE Banking Act. They’re still going to be monitoring on a regular basis.
It’s all about Vegas and it’s all about doing things over the top. Of course, now we’re carrying this footprint into Santa Ana, California with our first Superstore outside of Nevada. I’m really excited to build that scale and that type of operation with a Cali vibe. It’s completely different than Vegas other than it’s grand and it’s designed to really create an experience. I think it’ll really help solidify cannabis’s place in the medicinal world once we start having some of that research done in a way that is legitimized by the larger population. That was because it was the same exact potting soil in a very controlled environment, in a very small pot.
I tell you that and answer to your question because I do think that there’s going to be a genuine need for an educated labor force across the entire spectrum. I think the biggest possible risk is the FDA, Schumer knows that. Persian, which is a large custodian, had pulled the plug on all things cannabis, and everybody could only sell, similar now to what we’re seeing on a different level, which I’ll get to, Delta 8 Cartridges but at the time, there was really no visibility. As the virus took shape, cannabis was deemed essential. I think as the breadth and the depth of the pandemic began to self-actuate, cannabis, as a solution began to take hold, cannabis as a wellness supplement for anxiety and sleep began to take hold. Certainly, cannabis as a tax driver and employment engine in a post-pandemic world began to take hold.
We have one more collaboration coming up this summer, which I can’t talk about yet. We’re really excited about the brands that we’ve been partnering with and hope to continue to do so with really only the best who are aligned with our ethos and what we care about in our brand. Typically, when we’re cloning our full terms, we’re looking for strains that we were a little bit light on so that we’re able to beef up the yield in that particular strain. Those are the five various ways that we are currently growing at our farm, all using living soil, all using the same ethos and as sustainable practices as we possibly can. These are techniques, back in the day, the family was growing just full terms. Being able to use light deprivation technology, being able to utilize ruderalis genetics that have become stabilized is really fortunate for us in the commercial world today.
You can move around the states, you can move around the dates but they’re all coming. As we research this plant and in itself avails what those of us who have been touched by the efficacy will so passionately tell you, that we’re in the early stages of a multiyear circulable market. Painful for the last four months but you know what, Green Thumb went up 900%, take a third off the top over four months but chop around frustrate people. I can argue that’s healthy even though it doesn’t feel healthy as I’m sitting here talking to you. It really is, it’s a fascinating space right now, but it’s not without its impediments. If you’re placed on what we call our Gucci Row, you pay for that placement like in any retail environment.
Of course, in Vegas, all you have to do is get off a plane and ask a cabbie where we are mostly. You want to go to the Planet, they know where we are, or you can get us off any of the social media platforms. We’re here and we’re 24/7, and we’re all about Delta 8 edibles the customer and the experience, and I’d love to have all of your audience here. Then it’ll ping you and say, “Go to register 36 on the floor.” It’s really designed to make it as convenient as we can. We want you to stay here as long as you want to stay.
That being said, when it comes to hemp-sourced CBD products, there’s no regulatory authority that will investigate and approve brands and products for you. This means that any hemp-sourced CBD brand can claim to be selling the best product on the market and, unless you do your own research, there’s no way of knowing if there’s any truth to what they claim. Sunbelt Business Brokers of New Hampshire, a subsidiary partner of Polimeno Realty, focuses on Main Street business brokerage throughout New Hampshire. We specialize in selling service sector businesses, many of which include real estate. Jay Polimeno, Certified Business Intermediary is the Principal Broker and has been selling businesses for over 22 years based out of his office in North Woodstock, in the heart of the White Mountains. An additional Sunbelt NH location in Derry, NH is overseen by Gary Johnson, a Certified Main Street Business Broker.
Out of 600 plants, only 13 survived the fire, which is incredible that even 13 survived. We were really supported by the community, not just the actual neighbors and the direct community that we have, but also the cannabis community. TerraVesco donated us nutrients, some really great warm casings, and compost and whatnot, and a top hat nursery down in Salinas donated us clones. With the help of our team and our neighbors and our community and our friends and family, we were able to plant the probably latest full-term harvest that anybody’s ever pulled off in history.