The license limitations that many state's have in place is creating a supply problem. The demand is far exceeding the state's estimations and making it impossible for dispensaries to keep up. Larry reviews the Peter Himmelman concert and talk about the importance of small venues and supporting independent artists. Produced by PodCONX https://podconx.com/guests/larry-mishkin https://podconx.com/guests/jim-marty https://podconx.com/guests/rob-hunt
The license limitations that many state's have in place is creating a supply problem. The demand is far exceeding the state's estimations and making it impossible for dispensaries to keep up. Larry Mishkin reviews the Peter Himmelman concert and talk about the importance of small venues and supporting independent artists.
https://podconx.com/guests/larry-mishkin
https://podconx.com/guests/jim-marty
https://podconx.com/guests/rob-hunt
Jim Marty: [00:00:36] Hello, everybody, and welcome to the Deadhead Cannabis show. Jim Mardie here from Longmont, Colorado. And I've got my partner, Larry Mishkin up in Chicago. Hi, Larry. Jim, how are you today? Very good. Things are good here in Colorado, although it's not. It's been cold, but things are cranking along out. Visiting my Cannabis clients this week, running around Denver. And, you know, no matter which store I go to. There's always activity. There's always people coming and going.
Larry Mishkin: [00:01:10] That's great. That's great. We're just sit here getting hit by our first snowfall of the year. All right.
Larry Mishkin: [00:01:21] Yeah, that's a little too early for my taste, and I'm sure the farmers are probably not thrilled with it, but that's here and you know, we'll just have to make the best of it.
[00:01:31] So what we have on tap today, Jim, so we can talk about Illinois again because it's moving forward. We can talk about some of the things going on here in Colorado.
Jim Marty: [00:01:45] I think Colorado still continues to be the epicenter of the Cannabis world.
Jim Marty: [00:01:51] You come up with some statistics on how many dispensaries will be in Illinois once they issue the adult use licenses and comparing that to other states. Lulas your comment on that, Larry?
Larry Mishkin: [00:02:08] Yeah. Jim, you're one of the things that you and I have talked about this before a number of shows is, you know, what's it going to look like in Illinois after January 1 when we have the roll out? And you know, what can people expect to see based both on, you know, historically what's happened in other locations, but also based on the specifics of the Illinois program? And we've we've we've terminated on the limited small number of dispensaries, relatively speaking, that are going to be allowed in Illinois. Now, there are some studies out that have actually compared across price to a number of states that have adult use programs. The number of dispensaries they have per 100000 residents. And there is the estimate is by the end of 2020, where there could be a maximum of one hundred eighty five adult use dispensaries in the state of Illinois. That would only be about one point five dispensaries for every hundred thousand residents. So by way of comparison, Oregon is fifteen point seven dispensaries per 100000 residents and Colorado is 10 dispensaries per 100000 residents.
Larry Mishkin: [00:03:17] But for Illinois, even at the end of 2021, when it's reached its peak rollout, it should have a maximum of up to two hundred ninety five dispensaries. It'll still be no higher than only three point nine dispensaries per 100000 people. And, you know, Illinois really can go to a total of five hundred that the statute allows. But ultimately for a total of 500 dispensaries. But even that would still be a quarter of the number of adult use dispensaries on a per capita basis that are currently operating in Oregon. Right. So I guess it just depends what side of the fence you're sitting on if you're a if you're a customer. This may not be the best news that it's going to guarantee a competitive market. And you know that the prices will probably be a little bit higher than what we're seeing in Oregon and Colorado these days. On the other hand, if you're on the business side, this is good news because it's going to hopefully prevent the type of market collapse we've seen in Oregon and some other adult states.
Jim Marty: [00:04:21] Yeah, I would agree with those comments. Yeah, certainly 1.5 dispensaries per hundred thousand people is not enough. But at the other end of the spectrum, maybe the 10 in Colorado and the fifteen per 100000 Oregon is too much. I think I mentioned right maybe on a previous show that over 100 Cannabis licenses have been turned back into the state and city of Denver. In fact, Denver had a moratorium for a couple of years i new retail. And they they may actually go in reverse that because now they're below the self-imposed limit that they set within the city and county of Denver. But as I said, I've been out visiting the shops and I hear the same thing. Wherever whichever clients I visit with is we need more flower, you need more flowers. I'm saying to myself, wow, you know, basically 10 years since the Cole and Ogden members launched the modern day cannabis industry D of medical or adult use. But we've been growing a lot here in Colorado for the last 10 years. And yet there still doesn't seem to be in the product. So in fact, one of my really good clients. They grow fifteen to twenty thousand pounds a year. They're constantly running out and having to close their shop early.
Jim Marty: [00:05:47] Certainly there's a terrible shortage in Massachusetts. So the demand for this product is very, very strong in the states. Really need to realize that if they want this to be a normalized industry and get rid of the black market and collect their taxes, they really need to size their marijuana program to match its population. Good client was talking about 15, 20 thousand pounds a year. You know, they're sitting with their most recent harvest still at a testing facility. There's testing facilities are now taking seven to 10 days to let you know if your product has passed or not. And so they're sitting there with empty shelves waiting for testing results. So while the supply and demand are not in sync, even for a mature, I know Colorado's considered a mature market for turnovers and even here, we can't seem to get the supply demand thing right. So, yeah, new state like Illinois, there's gonna be long lines, there's gonna be a shortage of products will be higher prices and the black market will still enjoy this because people aren't going to wait in a two or three hour line if they can go see their local dealer and not pay any tax.
Larry Mishkin: [00:07:06] Right. Exactly right.
Larry Mishkin: [00:07:08] And that's you know, that's obviously what we're hoping we can avoid. But, you know, I guess it's like anything else, right? You have to roll out the program. And, you know, no matter how many times you watch other states do it, every state has to try for itself and, you know, figure out how it can do it.
Jim Marty: [00:07:24] Yes. So anyway, what's going on musically? I think I mentioned we're going to head out pre-Christmas to L.A. to see two dead and company shows in L.A., so we're looking forward to that. And we got oysters that is coming to Colorado. So, you know, oysters being traded from fish. And Stewart Copeland.
Larry Mishkin: [00:07:50] And I was wrong. I was reading that he just the trade just finished up a solo acoustic tour where he played at Carnegie Hall.
Jim Marty: [00:07:58] Right. Right. And I also heard Phish is doing a free show at the Met in New York City in December. Really? First week? No.
Larry Mishkin: [00:08:08] Wow. OK. That's something that's going to be enough. That would be a lot of fun.
Jim Marty: [00:08:13] Yeah, it's going to be broadcast live on satellite radio back.
Larry Mishkin: [00:08:19] Well, they got their own station now, too. They've they've achieved Grateful Dead status with their fish, has its own station on the on Sirius radio. That's very cool. I like that.
Jim Marty: [00:08:29] Yes. They're having they're on a roll. People are they're actually breaking into the mainstream where, you know, people who you might not expresso, you know, who fishes. And I've heard their music. So I think maybe when was it earlier this year when Saint Lewis won the Stanley Cup. Right. And fish was played in Saint Lewis and played Gloria for the crowd that made national news. That was unlike the CBS Morning Show. So it will certainly get to learn their dishes.
Larry Mishkin: [00:09:02] Yeah, it's always good to see them now. You know, we spend a lot of time on the show, Jim, talking about music and most of it, and given the name of our show appropriately so, is focused on the Grateful Dead. We've touched on fish, we've touched on Tedeschi trucks and and some of the other great jam bands out there. But I hate to ignore other good music that may that doesn't fit within the four corners of a definition of a jam band. Last night, my wife and I had a chance to go out that we have here and know where we live in Evanston, Illinois. There is a really, really amazing music venue called Space, which is right on a street corner from the outside. It looks like the pizza joint that it is in the front. You go in the back and there's this big empty area and you can maybe hold two, maybe three hundred people. But the quality of music that comes through there is simply outstanding. And last night we had a chance to see Peter Himmelman, who is a singer songwriter originally from the Minneapolis area. I grew up in the St. Louis Park community of Minneapolis. And I only know that because he talks about it incessantly throughout the show. He's a he's a fascinating person. Musically, he's married to Maria Dylan. He's got a little bit of a Bob Dylan sound to him when he sings, but very, very talented. You commanded a crowd for well over two hours last night.
Larry Mishkin: [00:10:22] And what I really like about him is he's a showman and he he has a good Treadstone banter going on with the audience the whole time and a lot of give and take. And he kind of has almost a little Robin Williams asking him. He is in the middle of one of his songs and then he'll stop and jump into three chords of Free Bird and then jump back into his song just to see who's paying attention. And I I like that kind of irreverence when it comes to utilize music. And it's always refreshing to see somebody who has obviously achieved some level of success. It doesn't take himself too seriously. So afraid of our listeners out there who are otherwise inclined to hear a really, really good indie rock performer. I would strongly recommend that you go see Peter Himmelman. Interestingly, he had a bad back when he was in high school in the Minneapolis area called Sussman Lawrence. That actually got quite a following both in Minnesota and other parts throughout the Midwest. It was just a bunch of his buddies from high school and now he's going on dissolved and really extended out. But it's amazing. You can find people kind of all over the place if they have Minneapolis roots who have heard of this guy. But again, if he ever shows up in your neighborhood, he comes with a strong recommendation.
Jim Marty: [00:11:40] Well, I to keep my eyes open, how is he?
Larry Mishkin: [00:11:44] He's funny again. I know this because he kept talking about his 50 days and he kept saying, as I like to turn 60 hours, I'm about to turn 60. And, you know, it was it was very funny part of this thing, but does really, really good. You know, obviously has great traditional rock roots, but yet is very much aware of the state of the music scene today and, you know, ferments in his own way on all of it.
Jim Marty: [00:12:07] I gotcha. Interesting. All right. That's something that isn't working. Check it out. Yeah, that is definitely an interesting, interesting story.
Jim Marty: [00:12:18] So, all right. Let's get back to the Cannabis world, all Cannabis business.
Jim Marty: [00:12:25] I think we are starting to see some issues here, especially in Massachusetts, banning all the products, including tobacco, that these products, they have this temporary four month ban going on right now. And now they're going to have some public hearings, Jizo, which you'll hear, Larry.
Larry Mishkin: [00:12:46] Yeah, well, actually, it's good they are going to have some public hearings, but amazingly I say amazingly because I know that for a government's take, this level of accountability is not what we're used to. But Charlie Baker, who's the Republican governor of Massachusetts, indicated that his office is going to file a statement that will estimate the financial impact to small town business owners from the statewide ban on all vaping products. And on November 22nd, there will be a public hearing on the statewide ban where people can come in and talk about it. But I think it's really, really impressive that, you know, somebody who's the leader of an entire state is willing to take the time to do this kind of investigation and take a look at the other side of it, because I think that people have to recognize that this is not to downplay the personal toll that it's taking. I think they said that to date there's been almost nineteen hundred reported cases of lung illness and thirty seven deaths associated with the vaping crisis. If you want to call it that, obviously every one of those instances is important and deserves the respect that it gets. But in the midst of all of this, we don't want to lose sight of the small business owner who has who sells the products that are safe and are legal and aren't in playing to cause these types of problems. And, you know, they're really getting wiped out by this type of bad. And I applaud the governor for at least taking a look at that side of it, you know, to see what they're doing. Maybe, you know, you mentioned this idea the other day, Jim, when you were out there. It may very well be because he woke up and he noticed that Maine is starting to get all of their vaping business.
Jim Marty: [00:14:29] That in New Hampshire, you know that people are stocking up, I do that. They've been products, so I haven't been accurately hungry for some of our Bridge West clients. That's all they do is extraction. It's been very painful for them. So we'll see if they get to the bottom of this. I don't think there's still been anything definitive about why some people are getting ill and then the vast majority of people who vape are not. So, Reynolds, it does seem to be hit or miss.
Larry Mishkin: [00:15:04] It does. And I think that, you know, hopefully a little more focus and study on this water will reach out and give us an answer. But I'm I'm just always encouraged when I see a government official who's willing to take the time and effort to explore things from the point of view of the Cannabis community in the cannabis industry. And so that's I'm glad to see that Massachusetts is doing that. And hopefully other states will take a look at what Massachusetts comes up with and take that information into account as it decides how to deal in its own. Each state had its own way, though, with West, how it perceives the vaping crisis.
Dan Humiston: [00:15:45] I want to take a quick break to thank you for listening to today's show as the leading Cannabis podcast network. We're constantly adding new Cannabis podcasts to support our industry's growth. And that's why we're so excited to announce our newest podcast, The Cannabis Breakout. The show's about the thousands of Americans who remain in prison for violating Cannabis laws that have long since been overturned. The Cannabis breakout gives Cannabis political prisoners a voice. If you're a former Cannabis prisoner or have a loved one who is a Cannabis prisoner, we want to share your story. Please go to MJ Blaze.com and sign up to be a guest.
Jim Marty: [00:16:27] Have you been able to listen to your dick? 6:32?
Larry Mishkin: [00:16:31] As a matter of fact, I have. And it came out. Just got it recently. It's another 1973 show. I love 1973 a lot. I think it's a great year. It's another great show from that year. You know, it's got a tremendous highlights on it. If you know, if you've never noticed it before. Go back and listen to a version of They Love Each Other from 1973. It's much more upbeat. It's a very happy little tune as opposed to the kind of more slow melodic ballad that it turned into, you know, as time goes on. It's a version that I love, but they really only played it during 1973 that way. And it's well worth checking out because after I heard it that way, that's that's the way I always wanted to hear it. That's a great two. That's there. They have a box of red on there. Of course, of what I love about that is that, you know, we all became very focused on Phil's return to singing in the late 80s and early 90s and his versions of Box of Ray then. But, you know, in the early 70s, Box of Rain was a regular part of the repertoire with Phil singing regularly. And that's a good went on there. They also have. And I got a kick out of this, a really early version of U.S. Blues called Wave, that flag where Jerry just kind of does a free rap all the way through. They still have the wave, that flag chorus line, which is where they get the name of the song. But that's a fight song as well that they have on there.
Larry Mishkin: [00:18:01] So it's it's a great album. Celadon. It is fantastic. It's it's all well played. It's got some great classics and, you know, some flood tunes. Break Me and Bobby McGee Sing Me Back Home, which was a great two. They were played a lot of that era. And, you know, it really kind of drives the play. Told people talk about how the dad, you know, years after Garcia's death and the band actually toured remains so popular. Well, you know, there's no secret as to why. Four times a year. You know, they reach back into their fault. They pull out, you know, some life classics that everyone's clamoring to see. They posted it. It sells out. And, you know, it's it's a tremendous thing. I mean, imagine if, you know, for years the Beatles were releasing shows or Led Zeppelin or any other classic band we can think of the Rolling Stones or the Who. You know what that would be like. And yet here it is. And that had to sit around. Did they wait to see what are the shows that they're going to release? And they had already ordered the subscription for next year, if you're interested in doing that. And it's great music and they always give a good little review on it with a little written intro that comes in the package. And if you haven't picked up on any of the Dave's picks, a lot of them are sold out. But I would highly recommend it. This is a great, great show.
Jim Marty: [00:19:25] Yes. I've heard, though, that wave, that flag, that early integration of U.S. blues and yes, U.S. blues had been totally formed and laid down yet. And they were basically working on it. And a lot of the lyrics stuck in a lot of the lyrics in that way, the flag version went by the wayside. So, yeah, that's very interesting just in the development of what became what we would call a Grateful Dead standard.
Larry Mishkin: [00:19:54] Well, it isn't that interesting, right? I mean, most fans won't play a song alive until it's been perfected. And then they take it out and, you know, they're now they're finally ready to play it in concert. The dead and literally right with would write and adjust their songs on the fly in concert wave. That flag is a great example. I mean, that's an example where an earlier version was sold, became so well known that it actually achieved its own name. So they did the same thing with the song of the main 10, which was just really an early version of Uncle Judge Band, the jamming parts of Uncle Judd's band. And I love how they how they do that. I saw a touch of gray. Right. Which if you ask your average boy, it's such a great came out in nineteen eighty seven there in the dark album. I saw the play Touch of Gray Alive in concert in 1983. And you know, Jerry was still fiddling around with the lyrics and he always didn't sing in the same way twice and he still doesn't always sing in the same way twice. But you know, it was just fascinating to watch a song, you know, come together, flood stage. So finally, it reached a point where it was a song and it was always one of the fun things with them.
Jim Marty: [00:21:02] All right. Yeah.
Jim Marty: [00:21:06] Sergeant, believe it was so long ago now that touch of Gray was a huge hit and the summer of 1987, you couldn't turn on a radio. Of course, there was no satellite radio, just old fashioned mayhem in the color without hearing that song. It was a tremendous hit.
Larry Mishkin: [00:21:26] I'll never forget.
Larry Mishkin: [00:21:27] Every time I heard it on the radio. Right. I was. We were driving in a car and all of a sudden it came on the radio and I had it up and turn it up and like, oh, my goodness, here's the song. I've been listening to it live for five years and now it's finally on the radio. A16 studio. Ferrucci did everything in the way of flooding.
Jim Marty: [00:21:45] Yes. And.
Jim Marty: [00:21:49] I think it just hit the baby boomers at the right time when we were, you know, the leading edge of the baby boomers were starting to get a touch of gray.
Jim Marty: [00:21:55] So I think it really struck a chord with the baby boomer generation of which you and I are a part of.
Jim Marty: [00:22:04] But anyway, I think that's about what we have heard for this episode. I'm not sure if you have anything else, Larry.
Larry Mishkin: [00:22:15] Oh, bad jemena like I could keep going for hours. But, you know, we've got more shows to do and we have lots of great stuff to cover. And those shows, including in next week's show, I think that you and I are gonna start talking about some some new action that's going on up and Washington, D.C. to help designed to protect the marijuana program. There's more to report on what's going on with vaping and how other parts of the industry, how it's affecting other parts of the industry. And it's always lots to talk about. Always a pleasure.
Jim Marty: [00:22:50] Yes. Yes. So I want to talk some more about testing and what's going on as a lead into that. To paraphrase one of my good clients, when you're growing Cannabis, it's not an agricultural product. It's actually a pharmaceutical product. And that's very important. And we can talk about some of the testing and the things that they're finding in testing and what's going on there as I look forward to expanding on that and maybe give a little bit of advice to people who are thinking about getting into the cultivation side of the business. In my opinion, cultivation is the most important part of the industry because if you grow it, you'll be able to sell it assuming you test out OK. Nearly var. really is the price which we've seen ticking up. You know, even Colorado, as I mentioned, 10 years of, you know, no cap on cultivation except for a couple of local ones like Denver. And yet we still can't seem to produce enough to meet demand. So it all comes back to cultivation.
Jim Marty: [00:23:57] So yeah, I'll talk more about cultivation and what's involved in some of the things that I'm working on in my practice with my clients on things. They're looking at warehouses. The price of warehouses both before and then after they get a Cannabis business in their warehouse. What it does to their value. And so, yeah, we'll have lots of good things to talk about. We'll talk about some more music until next time for the Grateful Dead. Cannabis show Jim Maadi saying over and out, Larry.
Larry Mishkin: [00:24:31] Jim, thank you as always, everyone. Have a great week. We'll talk to you soon.
*IMPORTANT DISCLAIMER*
THIS IS AN AUTOMATED TRANSCRIPT AND THERE MAY BE INACCURATE AND OR INCORRECT COMPUTER TRANSLATIONS. DO NOT RELY ON THIS OR ANY TRANSCRIPT ON THE MJBULLS MEDIA WEBSITE.