Investing in publicly traded cannabis companies has been on an upward trend for a few years now, and more and more money is being invested by the day. Given my abilities at sniffing out BS, people often reach out to me asking me for recommendations on which companies to invest in. I decided to call upon my favorite, and most trusted wealth advisor, Colby Mcfadden of Quiver Financial and Green Flower Media, to make a series about investing in the cannabis industry to better educate myself, and the masses alike. Let me know what you think!
Legalization: A Poison Pill (Pt.2)
Continuing the conversation from Part 1, my good friend and experienced advocate, Brad Slaughter of Nature’s Secret Holdings, joins us once again to dive into the reality of what will follow post-legalization. What will regulations look like in the future, compared to the past? Will we learn from our mistakes to create a better system?
Our past with cannabis is complicated and repetitive. With progress and advocacy for cannabis sparking up in the 1970’s, our fight for the plant started long before that. General misinformation and a lack of understanding surrounding cannabis has troubled its image throughout time and remains to do so to this day. Education is needed to prepare us for legalization. Listen in to learn about what’s going on in today’s industry, and how that will effect the future of cannabis.
What do you think about cannabis legalization on a federal level? Did you learn anything new? If so, let me know in the comments below!
3 Lessons Learned:
- There were reports as early as 1944 that supported the fact that cannabis has medicinal properties.
- Taxation on legal cannabis drops down to the end user, pushing consumers towards the illicit market because of the affordability. The perfect example is California, where the black market is 3x the size of the legal market.
- The state (like in California) wouldn’t have to enforce your regulations with law enforcement if 2/3 of the state didn’t opt out of commercial cannabis sales. The tax money from that 1/3 of the state will not cover enforcement costs.
List of Topics/subjects discussed:
- The need for cannabis regulations
- Cannabis reparations moving forward
- Decriminalization vs. Legalization and the longevity of each
- The 1970’s movement and it’s history
- Decriminalization in the past
- Tax code 280E and it’s effects post-legalization
- The IRS and it’s interactions with the cannabis industry
- The Safe Banking Act
- The findings of the 1944 La Guardia Report
- The threat of cannabis to Big Pharma
- The possibility of ATF controlling and regulating cannabis post-legalization
- Vape safety regulations and common misconceptions
- General lack of information around cannabis in the government
- Los Angeles and the corruption within the cannabis industry there
Links to Referenced News Articles from interview:
http://rodneybarnett.net/PDF/Laguardia%20Report%201944.pdf
https://www.linkedin.com/pulse/why-should-we-pay-cannabis-reparations-brad-slaughter/
https://www.linkedin.com/pulse/perspective-view-cannabis-re-scheduling-brad-slaughter/
Guest Bio and Social Media Links:
Brad Slaughter, Co-Founder and President of Nature’s Secret Holdings, joins us to discuss the oncoming issues that cannabis legalization will lead to and to identify the victims that will feel these adverse effects. Brad specializes in business development, marketing, and networking within the Cannabis and CBD industry.. As a long time cannabis and CBD advocate and educator, Brad has had extensive experience in the industry and with fighting for consumer rights within the industry. He previously worked as a CFO for California Weed Blog, a guide to cannabis culture in California and now continues his advocacy for consumers as a board member of the CBD Consumer Protection Task Force and also as a speaker/moderator for CBD Expo.
https://www.naturessecretholdings.com
Related Posts
