Making sense of the recent cannabis investment euphoria 2021 has begun with the announcement of many multimillion dollar, blockbuster cannabis investment deals. Larry Mishkin, Rob Hunt and Jim Marty discuss how this investment enthusiasm may impact the industry. They also do a deep dive into the many venues that enjoyed epic Dead performances including the Fillmore, the Avalon Ballroom and the Carousel Ballroom/Fillmore West. Produced by PodCONX https://podconx.com/guests/larry-mishkin https://podconx.com/guests/jim-marty https://podconx.com/guests/rob-hunt https://deadheadcyclist.com/
Making sense of the recent cannabis investment euphoria
2021 has begun with the announcement of many multimillion dollar, blockbuster cannabis investment deals. Larry Mishkin, Rob Hunt and Jim Marty discuss how this investment enthusiasm may impact the industry. They also do a deep dive into the many venues that enjoyed epic Dead performances including the Fillmore, the Avalon Ballroom and the Carousel Ballroom/Fillmore West.
https://podconx.com/guests/larry-mishkin
https://podconx.com/guests/jim-marty
https://podconx.com/guests/rob-hunt
Deadhead Cannabis Show Famous Dead Venues
Hello everyone. And welcome to the deadhead cannabis show. We have another exciting show for you today and very excited because today is our first day with the full new team in the booth with me. We have My regular host. Who's been with me from the very beginning, Jim Marty of bridge West. Jim is currently celebrating a successful Wednesday at Elway's out in Denver and was kind enough to show us that he just [00:01:00] received from the Somalia, a bottle of August West Pinot noir.
Jim, welcome to the show. Can you share any of that with us? Yes. My fine wine steward here at Chris' cats is just certainly a sample. 18. Where's it from Russian river Valley Russia, not Sonoma Russian river Valley. I'm going to go on mute because I'm getting some background noise here at Elway's cherry Creek.
So I'm going to stay on mute for most of the time and let you and Mr. Hunt take the lead here. You got it. And so let me just, first of all, say that we're all in the wrong business, because if we were accountants, we'd be having a nice dinner like Jim tonight, so good for him, and I'm glad somebody is enjoying it.
But in addition to Jim, we do again, have our new a co-host. Who's going to be joining us on a regular basis. Now, Rob hunch, who we are thrilled to have with us, Rob, how you doing? Great, Larry, how are you doing well? I would be doing a lot better if I was at Elway's with a glass of August, West at a big steak get and sit down in front of me, but, otherwise I can't complain.
How about you? Yeah, look, I, [00:02:00] as he said, the irony is not lost on us. I would always think that if you're getting named a wine August West, that would probably be a non-alcoholic peanut. I always thought the whole idea of of warfare was introspection on kind of what a degenerate drunk you become.
And perhaps it was time to change your hair life out a little bit. So I love the fact that Jim is embracing his inner August West and, pounding peanuts. And Ellie's right now. We all be so lucky to hit the point where we're not worried about drinking August West wine.
Hey, how does that line from war frat go? I love my curly baby more than my wine curly rager. He was talking about his story on his life story and saying that the only person that he loves more than drinking is purely Baker. Who was his girlfriend? Yup. Before he spends half of his life doing time for some other fuckers crime.
That's what happens when you go down the wrong road, it gets a little bit dangerous. We have to worry about that too. No, but everybody's doing well here, Rob, and this is great that we have a chance for all of us to be on the show today. And we've got some exciting things to talk about and let's get started with a little bit of [00:03:00] what's happening in the marijuana world and folks, this is where Rob pays dividends because he's involved in in the whole world of business and finance as is Jim.
But Rob is out there on the front line. And we were talking about the fact that the deal flow is just crazy, but even crazier the size of these deals, right? Rob it's insanity right now. I've never seen anything like it. Ever since the Georgia runoff election was was finished up on January 5th, the announcement deal flow has happened as a result because of the market sentiment right now is seeing that, the inevitability of federal legalization is marching faster than it ever has been.
You've seen more companies on the public side announced that they're going to do raises that were oversubscribed filled in 24 hours to Cole green shooting filled the whole presence list, being filled, deal sizes that are, $300 million in new capital, $224 million for for terrorists and $60 million for juicy, purely for the resColumbia care did a raise.
And then you think about all sorts of the medium sized companies. The ones that are. Sub billion dollar market caps and almost [00:04:00] every single retail. And you can think of in Canada and the United States Aurora just did a massive new multi hundred million dollar raise. And this is all happened in the last two weeks.
So there's a euphoria on the market that I've never seen before. And I haven't seen this since, since back when canopy growth got their first infusion of capital from the guys that at a constellation brands. So it's nuts now. I don't know if you've been following it also. Sorry. I have been following a little bit, but it tends to go over my head.
But Jim Marty here you were telling us you've been involved in some of these deals yourself. Have you not? Jim, we're seeing some of our clients sell for two and a half times revenue where for the last, probably five years. It's been stuck around one times revenue. So it is really surprising to see, a, just say a $10 million cannabis company and sales sell for $25 million.
Certainly our cannabis clients have come out on the right [00:05:00] side of the bright line of COVID where in 2020. Marijuana and cannabis sales are certainly one of the bright side of the line is winners. The other side of the wine. I'm so glad to see our restaurants and bars reopening here in Colorado, but it's been a very tough year for them.
So yeah, they say in business, if you say you have to hold your breath, He counted. Three can hold your breath. But if he was just say, I have to hold my breath right now. And that's what happened in COVID. You have to hold your breath, right? Yeah. That's hard to do if you don't have any warning.
And that's what happened in COVID. We're only now. Which side of the line, all these businesses, I'm walking around today. One of the most prestigious parts of Denver, cherry Creek, and there's so many for sale and for lease signs. Very sad. But yeah, our cannabis clients all had record sales and they couldn't be happier.
I was just up in Last week I missed the show cause I was returning from Oregon and they've seen [00:06:00] prices stabilize at wholesale. A year ago they were $800 pounds and everyone's jumping out the window this year pounds or 1400 to 1800. And I can tell you this, they have some variations.
And farmers up in Oregon and Jim haven't seen similar increase in prices in Colorado. Yeah we're a little higher than Oregon. Our wholesale prices are, 1800 to 2000. But that still leaves you with, 25 $30 race at retail, which is not that. And certainly retail sales are very strong.
Colorado did 2.2 billion, and we're a pretty small state population wise, we're only six, six, 6.5 million total three, three and a half million adults. That's pretty small state population wise. And we pulled down 2.2 billion in sales. Think, cannabis is in a good place. The new administration may help us and they may not express my [00:07:00] legalization of past shows.
I continue to the big question in my mind is will we have cross border traffic, but will the States remain silos we have for the last 10 years grown up in a silo environment. Let me tell you they're chomping at the bit in Oregon to ship. I bet, California too. I have no idea, but that's what Illinois is afraid of.
If all of a sudden California can ship into Illinois, what's going to happen to the Illinois growers. Yeah. Medford, Oregon, where I was, is considered the top of the Emerald triangle. And then the lower half of it is down in California. Medford, Oregon is 20 miles North of the border of California.
Okay, Rob, let me ask you, how do you see this sudden surge in the industry playing out in terms of deal flow? Yeah, look, it's crazy. What Jim was just saying. With asset prices rising in Colorado for Minnesota's clients, everything that I was discussing previously was related to the public sector and the public sector right now, those companies are all so flush with cash.
So while some of that cash is being used to pay down [00:08:00] debt and being used to to shore up some build out of infrastructure. The vast majority of that capital from everything I understand is being used now to make offers on smaller private companies. As these companies are looking to expand into new markets.
Asset prices are rising. Lots of companies now are putting themselves up for sale. Lots of companies now are much more comfortable with accepting someone else's stock as currency. Whereas couple of years ago there was the perception was fewer public company. And, you're being acquired by a public company.
No one really wanted your paper because the paper was was falling so fast and value. But now you're not seeing that you're seeing, record record quarters coming out from some of these companies. And now you're seeing companies entertaining offers, you'll say, look, I'll take 20% of my consideration in cash, 40% of it in a sellers note and 40% of it in stock.
And and those deals are getting done pretty quickly right now. So if you're a small canvas company,you're pretty excited about your prospects right now. If you're, if your balance sheet is clean. Yeah. So I can back that up and they're publicly traded. So I can mention their name general cannabis.
Their stock was 40 cents a share, [00:09:00] not too long ago, actually the beginning of this month. And it's now over a dollar 40, so they've tripled their stock valuation in the last three, four weeks. And one of my clients merged in with them and backing up with Rob hunt was just saying that they accepted a large portion of the purchase price is in general cannabis stuff.
Yeah, everything you're saying I a hundred percent can back up with the actual transaction I've been involved in. As a result of this deal flow, Robert, we seeing a consolidation of ownership in the industry. Are there more, are there groups that are buying more and becoming larger and larger or are we still seeing enough other people come in and make purchases that you know, overall ownership is still fairly diverse.
Yeah. It depends. We're certainly seeing consolidation in certain markets. Markets are more free capitalistic style markets like Colorado, Oregon, Washington, and California. There is a big wave of consolidation in States that are [00:10:00] more Holy opoly in nature, where there's only limited licenses.
There, there isn't really much to consolidate like your new York's or your Florida's. But if you look at what just happened in California, everyone right now, as well, watching this fat, the stock market really closely, but, you saw this versus factor, just came to market. And that was the marriage of Khalifa with left coast ventures with tuatara with, a handful of other groups that came in was $525 million on that announced back when they actually piece back that there was still $380 million left in that, people actually redeemed and stayed in the deal.
So when you think about what that means for, California, Coleevis can go out there and use that capital to out and acquire a ton of other brands, including the ones they acquired from a, from taking over left coast ventures as well. So you have to look at deals like that, that are coming to the table.
And they're not the only ones, Jonathan, Salomon's got another speck in the market right now that's on the brand side. So there will have less. And you'll see, at least in for this year is over at least, three or four more specs come out with North of $250 million in available currency.
Which is something we've never seen [00:11:00] before in this space. We've always seen people do the reverse merges or go public on the Canadian exchange. This is the first time you were watching just, piles of cash. Be poured into a company through a marriage and coming out the other side where it's, specifically for consolidation purposes.
And do we see these big guys then positioning themselves to be bought out by like the RJ Reynolds of the world when things go public? Or do you think that these big guys will, continue to run their businesses and stay a part of the industry? Yeah, I think it depends on the company. I think everything's fine.
If you've got the if you've got the right offer look, if you ask them to send you in five years ago, why they're starting their business, ultimately their exit strategy is probably to be acquired by an out of industry, a conglomerate or tobacco company or an alcohol company.
But now you look at some of the market caps on, curely for on GTI or on truly if you're pushing a six to $10 billion market cap. Suddenly you're not really thinking about being acquired anymore. And you're thinking about consolidating and trying to end up with a 30 or $40 billion market cap on your own.
So it's a completely different game. You're starting to see companies that are truly [00:12:00] that valuable with stable stock, with great liquidity. Once those guys can list on a real exchange, like the the nicer on the NASDAQ, then then it's, completely different situation than when we were looking at a couple of years ago where guys were listing on the CSA.
It's just it's just so amazing to me because it wasn't that long ago that this was also brand new people were still so nervous. You had your kids usual dispensary here and there, and every now and then one would buy the other. And now, you do your pickup, the wall street journal or any big, a business publication.
And half of the stories you're going to see are going to be involving cannabis one way or another. It's just amazing to me, I'd really just to see how quickly it's grown. It's been, can it sustain, ultimately, this level of growth, I guess it can, we all talk about, we haven't even, have we hit 50% of the black market yet?
Or are we still below that? I think we're there. Yeah. I think legal sales are approaching 50%. You've heard me say in the past that I really believe. Legal cannabis and illegal cannabis added together [00:13:00] are about the same as the U S beer market of 110 billion a year. And I think we're approaching half of that being legitimate businesses.
Yeah, we just had a very divisive election. There was no position on cannabis, fewer. Republican or Trump or Joe Biden support or liberal, you were for cannabis and there's very little against that because once you really dive into it, you realize it's a lot better for you than alcohol.
In fact, it's actually good for you in many ways, I listen to the big Steve hour this morning, driving up to the mountains and he's, he was saying the same thing. He said, campus is a really healthy thing to participate in. I, you're not going to get any disagreement out of this group, that's for sure.
When the, whenever the rest of society will catch up with the idea, that's a good thing, but let me just say this mentioning big Steve, who I think we're all fans of and You as [00:14:00] a fan of cannabis. Maybe if we're lucky somewhere down the road, maybe we'll have a chance to speak to him, but let's take this opportunity and do a little bit of a pivot here into the musical side of things, which is this cannabis market's not going anywhere except up.
And we'll be able to talk about it hopefully for a long time to come. There's only so many hours in the day when you can talk about the dead and we can't let those go by one of the things that I really like that I think, Rob brings to the show for us. Jim is a new perspective on ed topics, you and I for a year, I think proven the point that no matter how many times you've talked about the dead you can always still talk about him a little bit more.
But, sometimes we find ourselves maybe going over the same ground a few times and the easiest way to move that along is just bring another deadhead into the group. And in Rob, we certainly have Deadheads deadhead who likes to geek out about it as much as you and I do.
And maybe even a little bit more, which for deadhead, it's always great to find a guy who geeks out more. Cause that's just that much more for you to learn. And in talking about stuff. One of the things that that he and I mentioned over the last few days [00:15:00] was really the simultaneous and perhaps completely part of the same movement growth of both the club scene.
The musical club scene in the San Francisco Bay area in the late 1960s and the growth of the grateful dead and how they really aided and abetted one another. If you will the club scenes providing the dead with a perfect place to play for who they were at that time in terms of crowd size and intimacy with the crowd.
And the dead, being able to fill these places up for them and bring in good crowds, but it was it was a crazy good time. And there's a lot of great musical recordings out there. Robin, I launched into this, talking about shows from the Avalon ballroom. In the late 1960s, I think we saw, they played somewhere in the neighborhood of about 25, maybe 30 shows there, but some really great ones.
In fact, so many that and always at the same time, it seemed in January, late January that for a while, he and I were, we had interchanged years of shows and, but it didn't matter. Cause I was looking for January of 69 and found [00:16:00] a great run and he was talking about January of 67 and that was a great run too.
And I think it was just something special. I've been in a few of those clubs to hear music and spend half my time wandering around in there. Wondering what would have been like to hear the dead play. But I know Rob that that those Avalon shows are particularly ones that you like a lot.
So let's hear your thoughts on it. Yeah. First of all, it was to use my new moniker now as a Deadheads deadhead geek. So I was thank you for that, Larry. Yeah, look, man. The the Avalon shows By all accounts, the sound was better in that room than the Fillmore. And you have to think that time there was three or four competing promoters in the San Francisco scene, like bill Graham always sucks the oxygen out of the room as being the guy that was one of the grounds, doing it at the time.
But the Avalon was, I was Chet. Helms is room and the family dog was running that one. And that was super cool. Seeing also that broke so many big artists. And then you had Marty Balin from the Jefferson airplane that was running the, I think the matrix as well. That venue was happening at the same time that the California hall was happening at the same time, you had the arc, which is an old abandoned [00:17:00] ferry that was parked over a Marine.
Those essentially a huge ballroom on a ship, which was just, super cool. And all these different promoters are getting together and try to outdo each other for who can break, more bands at the time where there was. No Janice, or whether it was the Jefferson airplane or whether it's dead or Santana, or, the early versions of precept and Wolf or Moby grape, but all those venues on any given night, you can have five or six shows, which is really similar to what the Denver scene is today with, the film there and the Cervantes and the Bluebird and a few other venues where.
And anytime you're going to city, that's got six or seven breed rooms. It's so much fun. And obviously, like the kind of segue in the late sixties into the Fillmore being the dominant venue. And then ultimately as they approve that going into places like the great American musical or, ultimately the Fillmore as well.
I see what is the the Warfield as well? Those are all three rooms, you and I started talking about this. Cause in late January of 69, you got on January 26, 69, one of the quintessential, dark star St. Stephen, the 11 love lights is the first time [00:18:00] they really started like breaking that out as a staple.
And then you look, a couple years back before that and the show I was talking about, which just January 27th, which is today 1967 was like one of your classic Viola lead loses. And it's a massive alligator on those nights. Like both, 20 minutes and lanes just crushing for that era.
So many things that were like representative of who the dead were at that time were played to their home audiences to, to try to build that audience locally before they took it out on the road to the rest of the country. And those were just great.
I just learned recently that my Ella Lee blues is actually a cover from the 1920s blues songs. And it's a tune that I know has been around for a long time. I don't remember who the original who's credited as the original Right or if they're talking, but I know it's an old tune that they picked up that had been played in various forms over a number of years, not unlike stagger Lee, I think, and few other tunes that had like long histories behind them and [00:19:00] they created their own version of it.
And, you can go on Google and find if I only blues grateful dead and it's got, It's got their version of it, as long as I can find that I'm a happy guy. Yup. And they did so many great shows in that era. And, again, listen to the big Steve hour, the record companies were just shocked that the grateful dead would play new material and let it be recorded by the audience before the record came out and tells me that the record companies I'm sure were not very happy about what that was all part of the, the dead magic, that it was the music. God for the people, Rob going through that list, let's not also forget the carousel ballroom, which is the, I think 68 the dead and the airplane and Quicksilver. And I want to say maybe the Steve Miller band and they had three or four bands that actually took ownership of it for awhile.
And so they were running both sides of it. Until about the middle of that year, when I think they all threw up their hands and sold out to bill Graham and just to make life confusing for everyone, he transferred, he renamed the carousel, the Fillmore West. So he [00:20:00] actually had the Fillmore out there and the Fillmore West.
And the Fillmore East for another couple of years, then they eventually all closed down and the original film or the one on Geary street is the one that's still there today. And I've seen some shows. They're not, no dead shows, but I've definitely seen shows there. And it's it's an incredible place.
Never made it to the carousel or the the Fillmore West itself. Although the Fillmore West was home to. I think one of the greatest night runs they ever had at the end of February, beginning of March 69, when they specifically focused on that Darkstar St. Stephen, the 11 love lights, suite of songs and all the others.
And I was lucky enough to pick up a copy of that box set when they dropped it. Probably 10 years ago now. And it's, I just didn't listen to it all day long. It's just tremendous. It's, one of the nights they have a version of pig pen sing the full version of, Hey Jude on there, he just butchers it, but it doesn't matter.
It's pig pen. It's, the Fillmore it's wonderful to hear. And they're just great. It's All these songs were so brand new and, they hadn't played dark star to death at that point yet. And, they were still just, [00:21:00] stretching their arms and legs and figuring out where they could go with it.
And and those Avalon shows we were talking about on the 26th, they pulled up the 11 and love light off for those shows and put those on live dead with the rest of life. Dead came from those Fillmore West shows. But th that Avalon show was so good that they had to pull up the 11 and love lighten and stick it on there too.
Yeah. I'd love lights. The one that, when people think about lovely from that era, I think any dead had just, thinks that ending closer of and leave it on, it was the way to finish it off. And it's one of the only times you really hear Phil Lesh, like really yell on stage a couple of times where it's really funny to hear him get involved as he's talking to pig.
Really fun banter between between members of the band. And again, always found it really interesting cause they'd outgrow a venue and they move into the next one, then outgrow venue moved to the next ones. And it got to the point that, to your, what you were saying before bill got rid of the Fillmores in favor of ultimately taking over winter land is the place that he was promoting because he needed a room that was bigger to put his bigger racks.
If you look at the size of those places, they're all. [00:22:00] 2000 person theaters that were like the vaudevillian theaters that ultimately just weren't enough for for those bands anymore. So you needed to get bigger, the organic way that they grew from ballroom to stadium over the course of their careers.
And I just a quick comment, I believe love light is also a cupboard. The grateful dead gave us such a connection to all the great blues music that came out of our, black history. And I mean their connection. Oh, the American story is beautiful. Yeah. And and it was wonderful that they had the opportunity to be a part of this chain, when they were just getting going in how supportive it was for them. And and what a great way, to your point, Rob, the dead for a long time when they would come to Chicago, they would play the uptown theater, which is about a thousand feet. See, I never saw him.
There was a little before my time. [00:23:00] And since the mid eighties, the uptown has been completely shut her down. And about every 10 years, there's talk that somebody is going to reopen it and, and bring it back to its former glory and they never quite get there. We'll keep our fingers crossed.
And then the other, my other small venue story in St. Louis, they had a place called the Fox theater. They still do. It's a favorite place for the dead in the late sixties, they would go there all the time. And then in the early seventies, the theater shut down. The grateful dead offered to buy the Fox theater from the city of St.
Louis. But the city of St. Louis turned him down and said that was not the right element to own, a theater in the city or so that, so there was a long period of time where they just didn't even come to St. Louis. And then in 1986, and if I say 86, you know where I'm going with this, they announced two shows at the Fox theater in July.
And we all immediately mailed in, I got my ticket stuff first or second night. I had second row. Orchestra, pit tickets. My parents were out of town. I had a huge crowd of deadhead friends coming in and three weeks before my brother who [00:24:00] has nothing to do with the grateful dead called me and said, what are you going to do?
Now? I heard Garcia just as in Tacoma. I was like, ha. And the next thing Jerry was in a diabetic coma. And, even though we all knew those shows were going to be canceled, it was like, maybe they won't maybe he'll come back. And of course they canceled it that's as close as I ever got to seeing the dead in a really small venue like that.
But 20 or 30 years later in 2010, I think I finally made up for it. And I got to see a fish show in the Fox theater in St. Louis. And although I like fish a lot. They're not quite the dead, so it wasn't quite the same, but it did confirm that the Fox theater is an awesome place to see a concert. Yeah.
The thing about those venues is the sound quality is so much better than it is when you're inside a sports arena. So just the intimacy of being in that venue. It's also the fact that you just have incredible acoustics and you look at some of the old theaters from like San Francisco at that time.
They're all competing for space with one another. And sometimes, right on Polk street in the Avalon was, is right next door to the Regency, which is still [00:25:00] around. And you have to think that like in the twenties and thirties you'd have a, a Broadway row or it'd be six or seven theaters in a row.
And if they're all sitting abandoned and promoters can just pick it up and go in there and test out okay, who's got the best sound inside of this joint and let's go play that room. Exactly. And I've seen beautiful shows at the Fox in St. Louis, great venue, wonderful old venue. Yeah. The black sphere is great.
I also saw there's a movie out there called hail rock and roll, which is the, the Chuck Berry movie. And they filmed that at the Fox theater. And so I was there the night. They filmed at one of my buddies and I got tickets and we all went. And it was funny because there was all these rumors about all these people who were going to come out and play with him.
We knew that Keith Richards was going to be part of his band, but everybody was imagining everything. People had Garcia there and all sorts of people. And as it turned out, not very many other people showed up, but it was still a lot of fun. And to your point, Rob, it was such an awesome place.
To see a show in the sound and in these places, it's the Chicago theater here is I saw Warren Haynes do his thing [00:26:00] there with the Chicago symphony orchestra. And we were all just amazed by the sound quality and how wonderful it was. Yeah know, that's all good stuff. All the way around Jimmy, you mentioned, or maybe Rob, you mentioned
I just got an email from our good friend, Bob hope. And the other day, apparently he said John Cadillac was playing there the other night. Were you familiar with that? Doug? Him? I did not. I missed that one, but Denver is opening up. Now what is tonight has got a lot of people here, dining in doors.
Our son Jack has banned. Dan's I should say Katie and squirm are both getting gigs starting in March. We're starting to open up here. Wonderful. Let's hear the Emerald story. The green number, old story, the Emerald triangle. You have a very good client in Southern Oregon, Medford, Oregon, which is considered the peak of the Emerald triangle.
And then it spreads out as you go South into California. Medford, Oregon is probably 20 miles North of the California border. [00:27:00] And I have a beautiful picture. I can share with Dan that you guys have a Mount Shasta. I'm an upstanding in Oregon, but in the background is Mount Shasta and it looks like a giant ice cube at this time of the year with all the ice on top.
Beautiful. But the point is that she ever hear of the state of Jefferson in the 1930s and the 1930s, there was a movement to create a new state, not an independent country, but a new state. The state carved out of Northern California and Southern Oregon. Basically the Emerald triangle. Where they wanted to be the new state.
And there was a very wealthy man who came in from New York and bank for all the whole thing. And it was actually getting traction. It was getting in front of Congress, but then Pearl Harbor happened at a time, but will you have, Southern Oregon and Northern California, which is the Emerald triangle, very [00:28:00] anti-government very pro gun, very pro.
Cannabis. That's where it all came from. So check it out. It's called the state of Chimp drive around Southern Oregon and Northern California on the border. You see a lot of signs and monuments like that. Say the state of Jefferson. I'll check it out. Do they have their own license plates? They want to, I bet.
I bet. Okay. I love that independent mindset. I'll tell you, Southern Oregon, very independent. As I said earlier in the show have great growers, fabulous farmers. I witnessed it. Transactions of hundreds and hundreds of pounds of beautiful cannabis, a great place to be. That's a wonderful thing.
Jim, I'll tell you what we're going to wrap up here in a minute. So we're going to let you go back to to your dinner and your bottle of wine and your steak cook Pittsburgh style. I know is your preference. You have a great evening and we will be touching base with you later, but that's send us a picture of that to August West.
That'll be wonderful. One of these [00:29:00] nights, Rob will have to get out there and we can sit in, Elway's with Jim and we can all be part of the celebration together. So something to look forward to when when this darkness starts to give, I suggest we get a private room when we do that. Larry and we'll cork a couple of bottles.
Do the show quietly drink some August West and do it so a little easier for our audience to hear us through the, to the microphone, but it sure seems like Jim was having a good time tonight. Jim always has a good time. I've been to Elway's with him. And I have to tell you, I happen to Elway's, it's a good, it's a good steak joint, but Jim walks in and he's like the mayor.
He knows everybody. And he knows the Mader Dean. He knows the Smalley a and he has his own waiter who he always uses. And it's like a whole production. It's like norm walking into cheers. He just walks in and the, the place lights up. It's really an adventure. It's more than just going out to dinner.
That's awesome. I miss that. And one of these days I might actually get to go out to dinner again. It's been a, been far too long, so about about a year and before I've actually sat down to a dinner. So soon enough, [00:30:00] but in the meantime, we always have the music to keep us company and hopefully some nice Northern Emerald triangle weed.
And if we do then everything should be groovy. Everything is all good. Absolutely. My friend. And for our listeners we've got some some great shows coming up where we're going to be talking about a lot of fun stuff. Soon to pop up is a conversation of a killer dead show from market square arena in Indianapolis, back in 1979.
And We won't spoil the surprise for it, but anybody who wants to go and listen to Candyman on archive.org, archive.com or whatever it is before our show you'll really appreciate our discussion on it that much more. It's a great show, but the Candyman lead in is very entertaining. And as Rob says worth the price of admission alone.
Yeah. And I think that, going forward we're going to try to do, more curated, fun things that are relevant to the date that we're doing the show or taping the show. Whether it's, birthdays of band members or whether it's specific shows or specific venues. But really trying to find ways to say, Hey, this is what we're talking about and the reason we're talking about it.
So we can really mix up and [00:31:00] have some some really nice topics to go through as we're as we're entering the show. So we'll start giving the audience a bit more warning as far as what we're going to be talking about next to which guests three we have in on next as well. And giving a little bit of a heads up too, to try to get people, to start telling their friends, listen to the next one.
Cause we had a lot of fun stuff to talk about with the grateful, dead and tons of fun stuff to always talk about with the changing world of cannabis. Absolutely Robin. That's why it's great to have you on the show because one more talking head in this area is always a good thing.
And so once again, we're happy to have you on with us and glad you can be part of it. And also as we always do a quick shout out and thank you to our producer, Dan Huston for being wise enough and bright enough to make that pairing and bring Rob into the mix along with us. And so once again, folks, we're going forward, we're excited about it and good things to come.
So Rob, great show today. Thank you very much. Take care of yourself out there and enjoy the warm weather. Thanks so much. Larry. Thanks so much, Dan. It's great being here with you guys until next [00:32:00] week. Very good folks. That's our show for today. We hope you will listen to us next time. From cold and snowy, Chicago, Larry, Michigan, signing off telling everyone to have fun, listen to some grateful, dead and enjoy your cannabis.
Thank you.