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[Music] i did good morning hi great to have you that's wonderful i'm just going to be a mouse today i'm i'm looking in on how the process unfolds welcome doing the right things next week that's great mr cowan i see you made it yes sir yes sir we'll give you your valuable help no problem we'll give people a couple more minutes and then we'll get rolling here hi rhoda hi hi everybody good to see you yeah yeah so it's uh it's it's it's been an interesting weather's been good in indiana so that's a thumbs up it's been wonderful yeah yeah it's been good how was it out by you jim i said it's gonna be up about 60 degrees today sunshine but still a little chilly good good anything but snow anything but snow yeah you know i know some of you guys uh jim did you get much snow out there the last time it snowed in san dimas 1974. okay say no more gentlemen just be quiet you don't want to hear it it is very cold here today um our daytime high will only be about 69. say no more dion just i'm going to silence you buddy i'm getting ready to mute you yeah that's it we don't hear no more from you buddy those who don't know jim will be our speaker next week but he's in california and no i'm not i'm not taking this this is not right so all right we'll give a couple more john vandersol good to see you buddy good morning keith good to see you and everybody else good good 5 30 in the morning where you are jim right yeah goodness good for you yeah that's what i said too good for you i'll give you guys a hint if you're talking to me at 5 30 in the morning it's something's wrong who died oh no not gonna happen keith think about it this way keith the sooner the sooner the earlier you wake up in the morning the more naps you can take throughout the day yeah you know what that's a win right that's a win buddy right yeah i had not thought of it in that kind of a twist but now that you put it that way just why don't i just not go to bed how about that well yeah okay we'll get rolling here because i want to get started on time here so good morning there's people that join us late so we're we'll uh make sure that uh you know we'll let those in uh but let's get it rolling so again this good morning glad to see all your smiling faces this morning and as usual what we'll do is we'll make sure that we go around and introduce ourselves some of your faces i haven't seen in a while some of you guys are new faces so if you would please take about one minute or so introduce yourselves make sure you tell us where you're from and then also give us an uh what a good lead for you would be all right i'm gonna call you the way i see you on my screen if you don't mind wrote israel off please good morning all from indianapolis indiana and from say it for you where we write what you read when you go on our client's website showing that they are in the know and in the now so um right now i am still on the hunt for a retirement community to blog for so if you uh have that connection i would really appreciate the referral not a problem if you guys would do me a favor until i call your name could you mute yourself because i'm getting some feedback and backgrounds david garrison please hi dave garrison music of omaha mortgage i'm down here in morgan county near indianapolis i'm a home equity mortgage retirement originator and a good lead for me would be someone a financial advisor uh who has a recogni recognizes the need for uh the use of housing out wealth uh in a in a client's retirement income plan or an individual who wants to learn more not a problem tim i'm going to save you for last because you're the speaker for the day jim mccomb the early riser i'm jim mccomb i'm from los angeles but please don't hold that against me um i i won't say a lot because you're going to hear more than you probably want to hear from me next week but a good lead for me would just simply be any small business that wants to thrive in these disruptive times i'll just leave it at that thank you jim gerald cowan well unmuted uh hello everybody good morning i'm an attorney i practice law near indianapolis indiana i'm actually in noblesville bedroom community of of indianapolis i do estate planning estate and trust settlement after someone gets promoted does everyone know what it means to get promoted no now okay and i'll illustrate to you what a good referral would be for me let's say i was driving down the road the other day i have a half a million dollar net worth and i get hit by a truck i'm still alive but i have uh no power of attorney and therefore there has to be a guardianship appointed for me to manage my funds and then um later on uh i'm near near death and and i didn't appoint a healthcare representative to assist in healthcare decisions and i didn't do a living will so my wishes about whether or not i have artificial food and nutrition is unknown and then the family has a big argument in the hospital room over whether or not to discontinue the life supports and then after i pass away uh i have a beneficiary who's under the age of 18. i didn't set up a trust for that beneficiary so when that beneficiary reaches 18 they're going to get several hundred thousand dollars free to spend on as many corvettes as they want to buy and watch them rust away so a good referral to me would be anybody who needs these kinds of services and that's all of us thank you thank you general gloria good morning good morning everybody gloria thomas coming from columbus ohio and i have the secret to look better feel better and live your best life we have minerals from the dead sea we have clean nutrition and now we have to travel with club secret that just launched this past weekend so we're looking forward to anybody who'd like to travel things are opening up we just heard up texas um but no longer require mass wherever they go so things are looking looking up so we're we're excited about that again gloria thomas the speaker from columbus ohio thank you very much adele if you would please well good morning everybody my name is adele bush and i'm coming to you live from columbus ohio as well uh how many of you believe in the power of the spoken word how many of you believe that it's important to have your business spoken about over the phone well if you're one of those people that's exactly what we do uh asb business services we're a purveyor of personalized customized and exclusive executive telephone outreach we also do business research and prospect development and our goal for all our clients is not to tell a market but rather to promote business development for them through the through the telephone it it works so if you have a interest in that let me know and we can talk about it adele bush asb business services llc thank you very much thank you very much adele john vandersalt please good morning from indianapolis i'm a residential real estate agent i'm with the fc tucker company and office out of the keystone of the crossing branch um a good lead for me right now with this historic low inventory levels is anyone who's considering talking about thinking about uh new construction because i can still help with those uh negotiations and site selection and finishing selections so anyone who's thinking about looking about new construction uh let me know thank you not a problem zack fox morning everyone zack fox edward jones investments help people confidently plan and execute retirement i'm in the indianapolis market but i am also licensed in ohio michigan illinois florida and new mexico thank you zach mike mike ryan has got some lights he paid his light bill i've always had light i just i've got a window back here and it's too much light and it just distorts it so i've put a big board back here mike ryan leader pro partner we provide horticulture services here in indianapolis we service about 45 to 50 people a year 35 weekly and our season has just kicked up last week with the snow gone believe it or not pots are still frozen we've been trying to get winter greens out had one customer had to have pansies in for a photo shoot today and had to chip away ice to get the soil out of the pot in order to put the pansies in we take care of customers downtown indianapolis and just go straight north up to 96th street back to you thank you mike sheppard good morning i'm calling in from panama city beach no i've got to meet you i'm going to be and uh in about uh five minutes i'm going to leave for the golf course but i just wanted to check in and tell you what a lovely day it is here at the beach so i'll be back in indiana in a couple weeks um a longtime member of cbn and uh uh retired now um formerly in the graphic arts business thank you keith keith can't hear you so i'm muted just just saying good morning uh it's been a good week in indy we found out that uh we we're going to allow some uh higher percentages in our restaurants in certain areas and and that's a good thing particularly if you're in any kind of service industry uh travel i know i know gloria mentioned that so things are getting better i got my first shot i'm an old guy so they let me line up with the old people and get my first shot and i didn't die from it so for all you out there worrying about that uh i i it didn't do i didn't die i didn't get going to convulsions or any things like that so uh you know where you are on it is it'll be your own personal decision but my experience was that it wasn't negative so uh you'll make your own decision about that so uh before we go into our speaker this morning has anybody got anything that was on their mind while they were thinking about it you know because you get it out now [Laughter] anybody got any business topic or personal uh business experience we want to spend a minute or two we got a little bit of time this morning i just had one anecdote to fight might uh yes sir i made a major discovery the harder i work the luckier i get oh daryl said it all daryl has said it all anybody else has got a tidbit of information before we move forward with our speaker this morning okay with that being said i am now going to turn it over to tim johnson and the tim johnson show tim you're up give us a little bit of background give us your intro and then go ahead you're on good morning everybody thanks for being here um great to see the enthusiasm especially on this topic here as it grows across the united states i'm tim johnson with canada safety first here in ohio a safety and security specialist uh a variety of things i'm involved with as far as security systems for the industry safety training programs for the industry as well as a government affairs lobbyist for the industry to which we've uh this week i've been busy speaking with legislators next week i'll be at the courthouse tesla dot state house rather testifying for some new amendment programs and so forth a lot happening in ohio this year oh man we see it happening continuing through next year but uh anyways i'm gonna uh the presentation today i'm going to do uh about a two-day course in 10 minutes for you so um let me see if i can get it over so we can get rolling here as i said um i'm gonna briefly touch on the history of cannabis that's kind of what today's topic is all about um everybody hears me okay i'm assuming here so uh what i'm gonna do is go through some a couple timelines give you some contact information at the end and then kind of wrap it up at the end real quick with uh as far as the state of cannabis in america today especially in ohio and the surrounding states um so if anybody's got any questions you know hold them for then um i'm sure there'll probably be some a lot that i'll have to leave out but uh that's okay that's what this is about that's why you've got a contact information for after so what i want to do is i want to focus on not 10 000 years ago when cannabis has um been discovered to have been in the egyptian tombs and used in a variety of different things back in the day and so forth before we were even thought of um i'm going to kind of bring it up to kurt not current but um well first i'll say this the first cannabis law and i don't have it on this chart the first cannabis law in america was 1619 they actually created a law that forced farmers to grow hemp now to kind of clarify that what's happened cannabis i get a lot of people asking that what's the difference between cannabis marijuana same plant it's all the same plant the only thing that defines the difference between cannabis and hemp is the profile of the individual plant the only thing that defines the difference between the two now legal wise in america via the uh 2018 agricultural improvement act is the fact of the hemp products that are grown in the states now the hemp programs have to maintain a 0.3 or less of tetrahydrocannabinol the thc cannabinoid that comes out of the cannabis plant so that's the definition difference of that right there so let's start here with 1837 when the first uh introduction of cannabis as a medicine was introduced to america um and then we're gonna jump up into uh and it was used for a variety of ailments back then you know for for pain um for seizures uh for a variety of different things um i'm gonna move up in from 1850 to 1945 cannabis was added to the u.s pharmacopoeia that's uh today that's called the pdr the physician desk reference um it was in there as up until 1945 um cannabis was one of the top three medicines used in america for us again a variety of ailments and so forth as well as um for industrial uses there were hundreds of uses for paper uh the the mast um that the europeans used to sail over to the us and to the indies and so forth all of those masks clothing and everything was made out of hemp back in the day so it kind of gives you an idea of where we're at now and why it all happened so 1940 first narcotics act was introduced in the united states which wanted to address pretty much the hardcore drugs the cocaine heroin opiates and things of that nature back in that day you could actually buy a syringe from sears and roebuck you could go and they actually had a kit where you could buy cocaine or heroin and uh take it home and administer yourself so they introduced the narcotics act and when they did that you know they were focused on the drugs that were causing problems um so needless to say cannabis was left out of that because there was no problems with it the alcohol prohibition which has three amendments in the constitution i'm not even gonna touch on that it's not even um it's somewhat relevant but it's two totally different pro or categories of products or whatever they might be now we come into the 1937 era here's where we start running into problems um due to a result of hemp being so widely used in america um we saw it starting to put a dent in the paper mills and in the cotton industry etc of course politics got involved in it the dupont family had at that time discovered fiber and were trying to replace the hemp plant rope which they were successful doing etc and so forth at that time of course the u.s militaries continue to use hemp as they do to this day and along with depending on what the rope is needed for and some of their actual equipment so forth back in the day was still made from him but we seen uh a guy named harry anslinger was appointed as the first drug czar of america with the support of the rothschilds duponts and the hughes families that were big in the paper mill big paper industries and cotton industries uh politics set in place so they decided to take the hemp and the cannabis plant whether it was industrial or medical and through what was called reefer madness which i'm sure many of you the lies the propaganda of reaper madness um the derogatory comments towards uh you know racism towards the races that were using it and why they used it all of this was implemented in the anslingers his program to um declare cannabis illegal all they really did though at that time was the only thing i think about it was a tax stamp act so you had to have a tax from the us government that said you had permission to grow consume whatever it may be for cannabis or for hemp and of course those tax stamps weren't available when you went to get them so that's how they protected people from you know not being able to grow it and so forth or not bei g able to use it etc in 1968 that was appealed and found unconstitutional it was removed so for a couple of years we had free cannabis uh here in the us again 1971 the controlled substance act under richard nixon was instituted and what that did was actually took all drugs and scheduled them categories one two three four five um starting with a category one as meaning that the the these are the worst drugs known to man to have they have no medical value and they're highly addictive this was created against the american medical association their advice they had was to nixon and his committees where we need to keep studying and we need to keep using this plant not only for medical uses but also for the industrial uses of it but also the shaffer commission a panel of five governors from around the us i think govern schaefer out of um pennsylvania i believe he was the chair of that they advised no we don't need to put this as a schedule one it's not even a drug to them i mean it was a medication but it was you know it needed to be something a lot not definitely not schedule one so schedule one as i said no medical value highly addictive again cannabis is put into that it's an arbitrary decision by nixon at the time it just automatically okay well it is what it is um i'm making cannabis illegal and because uh he felt that the hippie era movements in the 60s was the reason it was the defamation of our society at the time we were destroying society we were creating wars etc all this which was all as time progresses you'll find it became uh found to be from uh 71 up to 2016. i'm going to jump to try to get into a little more modern times during that i do want to emphasize during the 1971 till even up to current date 2021 we still find cannabis as a primary um let me touch back on this if you hear me say cannabis a lot instead of marijuana the reason i do when anslinger implemented in 37 the tax stamp act um he used the word marijuana marijuana means moto in spanish but he wanted to use that derogatory word towards those races to uh further belittle them and you know the plan as well criminalize the plan so what we've seen is what's called the drug war that's been going on for 80 plus years now with the primary focus on you know this gave law enforcement the permission the judicial justice system and stuff to go after people using cannabis um and incarcerate them take their property take their money whatever they could thus we have law enforcement departments around the us now that all have what's called a drug seizure fund so when you go out and you find it's kind of finding cannabis in the u.s it's kind of like finding chocolate in a candy store so it's everywhere um and that's what they knew so if they knew if they chased cannabis they would eventually find baby hard other hardcore drugs do a dealers and so forth like that through large uh transactions etc from the actual um larger drug dealer based organizations and so forth and uh so that has kind of set a mindset for law enforcement that's what they do a lot of i was there i did it i seen it happen i received the orders from the sergeant and everything every day when i went to work what to do but anyways that puts us kind of where we're at today so i retired in 2014 2015 i started working with legislators there was a movement in ohio issue 3 to create a cannabis program in ohio that was turned down as a result of politics intervening in it and as a result of the different various organizations other organizations that didn't get their name in the highlight of we introduced the language so there were plenty there was plenty of support plenty of money to pass it and so forth but it was denied so as a result of that at the end of 2015 i started working with legislators thus we created house bill 523 the ohio medical marijuana control program which was signed into law by governor kasich in 2016 june 8. they were given a two-year period to promulgate the rules and uh the policies of that program the process of how it was going to work and so forth um this again this is march 2021 they're still trying to create the entire program even though the program is active there are still around 50 or 60 licenses that need to become operational um so that's where we're at with the medical program in 2019 um i participated and again submitted another white paper to create the hip program because in 2018 the farm bill act passed which gave all states you know federal stepped down away from hemp and gave all states the right to now create their own hemp programs with still federal intervention usda still controls it 1920 proven 19 as awful as it was for the world uh it brought a recognition to the medical cannabis patients and the industry as a whole around the world especially in the u.s it was declared an essential medical business essential medical patients so it did set um some uh it did help sort of you know verify or validate that this is a real industry which is kind of hard to contest that it's not with the research and the sciences and studies that have all been out there state of uh cannabis in america today is pretty much uh we're about 40 states now have created their own programs we just had four in the last election that approved programs to be created so that puts us up to about 40 states out of 50. we have 15 15 or 16 that have both a medical and an adult use program adult use program is what we prefer to use rather than a recreational program recreational just doesn't seem right it still holds a pejorative term to you know the industry as a whole so which we prefer to call it adult use or adult choice same as with alcohol you never say you know hey i'm going to run down to the recreational alcohols get some recreational liquor you know i'm going to go down and get some alcohol at the liquor store that's what you say so we prefer to it's and that's an adult choice so we prefer to use adult choice or adult use when we create the adult programs so we see about 15 or 16 of those right now what we see happening recently in the u.s new jersey new york pennsylvania virginia um alabama and i think north dakota some of the other states that are have introduced indoor past language recently to either add a medical program or an adult use program or you know combination of the two so we're well over 40 now if these other ones for this year that are going to be on the ballot in november if they pass we're looking to be up to 44 46 states um for for uh either a medical program or an adult use program what we're hoping to see this year with the new administration that they simply reschedule at the federal level reschedule cannabis to a schedule three which they're talking about if they do that it'll be just like a hemp program that will open up the commerce borders around america for interstate commerce for all states to create their own programs to manage their own programs there will still be an illicit program which is called the black market i prefer to call it the illicit program that will always be the same as there is for nike tennis shoes or gucci purses or whatever there's always going to be that illicit market so there will still be federal state local laws that govern that as well these are just programs that are being authorized through uh legalization efforts um 2025 about three years ago the cannabis industry was projecting another economic economists and colleges around the united states uh economic professors so for said you know by 2020 or by 2025 we think that you know we might be able to reach 20 25 billion dollars in the cannabis industry in sales um we've met that already we're looking at for now for to exceed 50 billion dollars and within uh five to eight years after that we look at it to be exceeding over 100 billion in the u.s alone unless i'm just trying to keep the figures here to the u.s so it's very going to be it currently is a very vibrant billet uh uh industry there are um i think 300 and some thousand jobs have been created from it with several hundred thousand more to come and so forth so that's kind of where we see ourselves at today and we're at my last slide up here if you want to take a screenshot of that or write it down real quick i'll leave it up for a few seconds there um there's my email if you want to know about the ohio program they've got an excellent website probably one of the best in the in the country medicalmarijuana.ohio.gov it's very lengthy but you can find out about anything you want to find out it's pretty much it's there this is a book it's also a video you can find it on youtube the emperor wears no clothes by jack hair excellent you will be amazed when you if you watched the video of it and you watched back in the 1800s and 1900s the equipment that was actually used to uh bring hemp in from the fields and so forth and how much it was actually used the other is smoke signals by martin lee it's kind of an exposure of everything in hemp and cannabis throughout the us and throughout you know from around the world here's what i like if you notice in my in the back i'm in the my office at my home there's some things hanging on the wall chromatography is what it is and it's actual cannabis bottles and prescriptions photographs of them from the cannabismuseum.com a friend of mine owns this it's the most uh eclectic collection of artifacts involving cannabis in the world known to anybody um the smithsonian institute several years ago came down and talked to the owner of it he was trying to get a price on they couldn't give him a price they told him the price of himself because they had never seen some of the stuff didn't even know it existed and so forth there are some other cannabis museums i think california has one too um the one and then there's another one here in ohio but anyways cannabismuseum.com you go on there and you'll find out some of the history one of the most astounding things was as i said like in 1937 when anslinger used the word marijuana it's actually one of the very first times that marijuana was documented in english history here in america as far as using that the other thing i'll leave with you which is um if this don't convince you of medical values i'm not sure that you're convincible emerging clinical applications for cannabis and cannabinoids seventh edition you will find out from two people that are truly in the cannabis industry this is not a cure-all medication a cure-all plan a carol drug whatever you may want to call it but yeah i hope that you also understand at the same time that the medications that we use come from plants i have a tree in my backyard called a willow tree aspirin comes from that willow tree over a thousand documented deaths every year in the u.s alone from aspirin we have yet to find one single overdose death of uh as a result of cannabis consumption to this day and that's around the world so it kind of gives you um just want to share a little a bit a little bit of that with you there real quick as far as the importance of understanding that um so with that i think i got through my uh time frame later maybe so if anybody's got any questions i guess i can i'm going to open the screen back up and uh we will take some questions if you have some hey tim uh really really interested could you talk to the two things that uh i don't know if all for those of you who are not aware um my son and i tried to buy a cannabis operation in california california rules were just crazy so we passed on that opportunity so i'm kind of very familiar with this could you talk to uh our people about the issues with tax and cash yeah um well the good thing is that i can say this is well let's just start with the history of it california kind of started it in 1996 i think with proposition 1 or something like that i believe um i don't know maybe jim has some insight on that or something but anyways um yeah back in 96 california started everything and then it was in 2014 i believe colorado went adult use and medical um what we would what was happening back then because cannabis at a federal level is still a schedule one you know per federal law um banks are not permitted to participate with the exception of their 250 000 that they're guaranteed protection from federal or whatever somebody takes 250 000 second insurance or whatever okay so banks technically could participate they just had to waive that clause but they chose not to do it for the cannabis industry so in the cannabis industry everything was a cash basis only so there's millions and millions of uh dollars going back and forth from you know business to business um a great opportunity for a lot of security companies that took advantage of that but um it set a a precedent as the rest of the state started creating their programs it was you know we got all these payment systems you know all kinds of electronic payment systems and you know banks you know state banks do have the right if they want to but they've you know some did and some didn't so as the industry matured what we've seen was a lot of banks coming online and saying we don't care what federal says kind of the same as the industry did so we're going to do it anyways there's a lot of money here hundreds of millions of you know billions of dollars we're missing out on so they started handling the cash they started you know locking it up in their vaults and so forth etc they had their own transport companies and so on they started hailing accounts for companies um etc of course they have exorbitant fees because the assumption is that everybody in the cannabis industry is making millions of dollars that's not true we do have minimum wage paid jobs with no benefits uh clear up to yeah the ceos some of them do make millions i will say that um but it's not like for everybody but they just assumed everybody was driving around in a mercedes a beamer a cadillac wearing all kinds of gold you know eating at the steak house is just money falling out of their pockets well that wasn't true so what happened with it was then as far as taxes federal government said well all this money is being made you know why aren't we getting any taxes well because we asked you to play and you didn't want to play so who do we give you can't give taxes to you if you don't have a system for us to give it to you so they finally said okay well we want taxes now to this day you can ask federal government how many tax dollars have been brought into at a federal level where's the money they don't know um and we're talking hundreds of billions of dollars now if not in the trillions for since 1996 the amount of cannabis that's been sold in the u.s and as i said now we're approaching 2025 50 billion dollars for one year so you can imagine where where has all this money going we don't know so through a lot of advocacy a lot of legislative changes a lot of lobbying and so forth currently what happens is it's the states themselves in ohio we made cannabis a schedule two in the program at federal level it's still a fed or schedule one but we were able to get several banks in ohio to handle accounts for the industry so they have cashless pace payment systems when you go to the dispensaries you don't have to have any cash with you there's cashless payment systems there so we've taken a lot of that out of the industry we've also taken out of the industry the propaganda need for we need to have firearms to protect this industry because there's a lot of money being transferred well there's a lot of money being transferred in the industry or jewelry industry you know in the banking industry in the pharmaceutical industry there's a lot there's cash that goes around the normal person don't know about big black cadillacs all blacked out you'd be surprised at some of those the people i don't i don't encourage that you confront them the people inside the vehicle are highly trained with what they're doing but there's literally millions of dollars just sitting in briefcases in the back of those trucks being transported for some reason and that has nothing to do with the cannabis industry so what we have done to remove some of that stigma in the industry um what i have called a soft safe and simple approach we've got away from that stigma that everybody has to be you know an armed security guard with firearms and all this stuff so now um you'll see uh cannabis being transported in vehicles that are not identifiable simple small vans little white vans but have vaults inside of them where the products are secured as well as body cameras on the people doing the transporting and biometric security system uh cameras on the vans themselves we literally when we transport a product from one facility to the next we can uh see a live view on the you know on your on your computer and watch the vehicle travel the entire route if they stop to take a break for a bathroom grab a soda whatever we know about it we're watching them do move every bit of the way so the tax there is the 280e tax which i forget her name but she gave a tax thing um this is a tax form that can be used in the cannabis industry now uh the problem with it is they really don't allow you to write off but things as any other industry when you have a business expense you get to write it off into taxes um they're very prejudiced yet and biased towards the cannabis industry to say well we'll take your tax dollars through the 280e tax score but you can't write anything off okay well what's the percentage well what do you think's fair so it's kind of a negotiated percentage even it's not even a cent any other industry you get into they've got set percentages they've got forms on how taxes is done they got write-offs etcetera but cannabis is moving up um you know as far as industries being recognized they are you know we are seeing banking systems as i said here in ohio the um it's a credit union uh right pat actually military right back credit union around the state of ohio handling the uh some of the uh clients that are here uh exorbitant fees as i said but hopefully they'll come down and realize that they can get more business if they drop fees more people will participate so i think that kind of captures where we're at with the tax scene and the cash flow in america not a problem david yeah um you'd you'd made mention earlier about the at some point when when it's more legal there will still be an illicit industry and i'm curious i guess i'm pretty neutral on on marijuana but but to me the level of violence that the industry seems to perpetuate um probably clearly could be uh minimized where there's some some further legalization but why would you view there would continue to be an illicit business in this if it's legalized there's an illicit business in every industry um there's illicit alcohol being made there's illicit gucci purses they'll let you illicit like wherever there's an industry to sell something for somebody to make a dollar is there's going to be an illicit industry anywhere you can make it the pharmaceutical industry there's a lot of illicit drugs out there for that so you're always going to have illicit products for any industry that you're in somebody trying to you know sell you either an actual product or scam you out of an article or whatever it may be some kind of document or something so um as far as the violence part of it um i'll say this after 20 years of working the streets working with federal to local task force units um i would rather work a cannabis task force than any other task force out there it is the least violent but perpetuated as the most violent but that's because of the media and the coverage and the amount of it out there and it's the amount of people that are fighting to make something that used to be legal re-legalize it again there's never been any kind of a noted overdose death from the use of cannabis there are multiple uses for it other industries are challenged and in fear of it progressing even further as the infrastructure gets stronger i think you know most people's fear has been brought on by the propaganda of the answering your days that still live to still live on i've been brought on by the news i processed over 500 ovi which is operating a vehicle under the influence in uh the 20 years i was in over 500 drunk drivers and um cannabis wasn't a factor in any of them did we take tests sure we did but um yeah that the fight and if you look at fbi stats you're going to find that cannabis is really down at the bottom uh a stop and rob kwik-e-mart is farther up the ladder for violence than what canvases i'm thinking more about what what's portrayed for us in the popular media of kind of the drug wars that are going on for territory and that kind of violence yeah is that is that made up or is that there are drug wars out there the problem is it's with the dea and i've done work with the dea um a lot of people like to go to work and whatever's the easiest thing to do that's what you do um they don't take on the challenges and try to progress and move forward well with the dea with the drug wars and stuff the drug war was created at a legislative political and big money that's what created it as we say in the cannabis industry the most violent thing in the cannabis industry is getting shot by a cop um you know and i can say that because i was there a military veteran as well um but yeah um it's just the propaganda i guess i can't emphasize enough you can look at fbi stats um that will solidify the fact that this really isn't the only violent thing about cannabis is the fact that it's illegal that's what creates the large it's such a large industry that's why the illicit industry is still so big i'll give an example in ohio in ohio we know through law enforcement intel and documents and courts records and so forth the illicit market in ohio is 1.2 billion dollars for cannabis the medical program brought in 275 million their second year and that's average that's fair but they don't understand that that 1.2 billion is probably closer to 2 billion in ohio alone because law enforcement only knows about 1.2 billion so that gives you an idea of how strong this industry is clear across the united states so when you have a demand for something there's going to be more people participating in it more people involved in it i worked task force as i said we went out and we looked for counterfeit cds catch people standing around at a gas station or outside of a music store or whatever and they're selling bootleg cds and they're making a bunch of money on it um you know just things of that nature but cannabis is in the the drug war has become violent because of the cartels that have intervened in it not just mexico but out of canada and from overseas we actually you'll find that uh out of china out of the asian countries i'll say you'll find that there are more drugs brought into america than mexico brings in and those are brought in it doesn't matter how high the wall is the plane flies over top of it or the boat drives through it so the drugs still come in um and the dea will show you those stats to hold true that you know more drugs come from uh foreign from other countries than the ones bordering us so mr cowan uh tim could you elaborate a little bit on the uh benefits that cannabis could be uh to each of us you know the non the non-recreational things but the the benefits that it could bring with just a little bit of specificity yeah um i'm not a medical expert but i do deal with a lot of um the doctors from around the united states i've met with and talked and said on platforms or panels and stuff with many of them many of the big names that have done research and so forth um and plus my wife's in the medical field has been for 37 years i believe now so uh listening to the most of the realm of my friends a lot of medical professionals so that the cannabis center got combined what i will share with you as far as the medical values of cannabis is first read up on what's called the endocannabinoid system discovered uh i believe in the late or late 60's and then actually fully discovered by ralph machula i believe in 1988 it is the second most important part of your body next to your immune system um and most of you probably don't even know you have it your body is made up of cannabinoids um you have anatomized which is a natural cannabinoid that your body already makes same as cannabinoids that come from the cannabis plant um i don't want to get too far on the history of but back in the day you know cannabis hemp was used for feed for our livestock and so forth and you know animals have cannabinoid systems so we have what's called cb1 and cb2 receptors that disperse these cannabinoids throughout your body um wherever you know there's maybe an ailment or a pain or whatever so what the problem is we don't create enough anatomic um in our own bodies to address all of our ailments and so forth what the problem that we have is a deficiency of cannabinoids so there are i believe 150 or so cannabinoids known now that have been discovered what i would say if you uh as far as the use of medical cannabis we always have the saying of start low and go slow thc tetrahydrocannabinol is the one that everybody's in fear of this euphoric hallucinogenic you know high or whatever that you know they perceive that you get it's really not there um i've been around the plant 46 years military college law enforcement et cetera pardon me tim i i'm sorry uh i i i would like to know how can it possibly help me and bring it down to my level will it help me with the common cold or will it help me with the broken arm or what will how will it help me uh down the basic level where i can understand where you're going sure sure um first i guess you got to recognize what your condition is i'm not sure about a common cold it's going to help that as far as a broken arm any kind of pain it does help with pain you'll have to recognize and understand what the profile of each product that you get to but there's a variety of things um trivet syndrome which is a seizures and so forth cancer it's been helping patients with cancer there's articles and sciences to all this stuff otherwise i wouldn't speak of it it'll help with a variety of things alzheimer's you know a variety of different pains ptsd glaucoma i'm just trying to think of some i know ohio has 22 different conditions right now and we're getting ready to add about 10 more pts not ptsd anxiety depression um and we're getting ready also to add autism asd autism spectrum disorder so um there are a variety and that is because what you're doing is when you and the intake of these products whether it be um the consumption internally or the consumption on an external thing be a patch an oil or whatever a sav it might be um you'll have you have to understand the different uh cannabinoids uh cbd cannabidiro you have to understand connect cbd is the big thing right now that's extracted from the plant and that's what there's you know there's uh the market at this point in time is overflooded in america with white labeling of the product and most 65 percent of it has been found it's that's the illicit market i'll bring it back to that dave um there is an illicit market um it's really not cbd you're buying 23 other ingredients but not cbd but there's cbg cbv all of these depending on each one of the cannabinoids address different receptors which address different ailments that the body may have um so for me to i guess be specific um i can be you know a broad range on as far as what i share with you tell you about but i don't really have the science uh the science is there i can't on the medical side tell you which i know that thc on a low level for me with a higher cbg and a higher cbn with the neuropathy i have in the mornings or with ptsd um my arthritis arthritis which is considered chronic pain um it helps very much with that so you you want to be cautious with you're using the medic each because it comes in a variety of uses so you want to be cautious with your dosage and exactly what you're trying to help yourself with okay thank you dale hey tim uh i live in hilliard and there's a cbd store right around the corner for me um could i go in there and get advice on cbd oil for say my my sciatica or my painful shoulders would are they allowed to give advice well adele i think you should use this for your shoulders use this for your sciatica yeah the cbd stores are they're somewhat regulated they're regulated as to the product by the usda and the ftc regulate they're not allowed to make any claims that this will cure heal or do this they can say it may may aid in the discomfort or the pain or the ailment you have but typically in cbd stores um you'll find some good ones i'm assuming you're probably talking maybe about mill run um are you familiar with those the cbd there i don't know oh yeah the one on robert's road oh robert's road okay yeah what you find in stores that sell cbd here's a rule of thumb if you look at any cbd product if it has more than three ingredients in it i would set it aside and buy something else i would also uh recommend first that you try full spectrum full spectrum cbd is the plant extraction of the whole plant it's not an isolate um you have an isolate and then you have a desolate you have full spectrum um so you can use just the isolate which would be just straight cbd and there are reports of how it is aiding and assisting in a variety of ailments and illnesses that people have but you'll get as far as what they tell you is based on their knowledge of what they know um i would say one of the best ones here in central ohio is uh off of high street called uh columbus botanical depot the guy that owns that joe the guy is phenomenal he should just be a medical cannabis um he should be a doctor and just an expert with what he teaches and so forth but they're very good and he makes sure his staff is now if you go into a medical dispensary what's called the bud tender the associate salesperson that helps you you know this is the product i want they take over and take your payment for and so forth they're not allowed to discuss with you the actual uh what it can actually do or can't do they're basically there to sell you the product and that's it um so it's kind of you know we are working right now to change some language here's an ironic one for you in ohio's program the doctors that do the recommendation for a patient are not allowed to speak to the pharmacist that's at the dispensary but now he can call up the pharmacy and talk about oxycodone or valium or whatever he wants as much as he wants about a patient with a pharmacist but he's not allowed to call the pharmacist it's registered to the state of ohio to that because they're in the cannabis industry so we're trying to change that um it's only a common sense thing it's medical common sense to allow the doctor to call speak to a pharmacist and say hey patient tim's coming in this is my thoughts on and so forth what are your thoughts now not all dispensaries have a pharmacist so we're working on that as well it's not we're not trying to get away from you know curtailing the industry we're trying to bring the professions and so forth in the same as you know we created we brought like we had to fight for lawyers to be able to participate we got to fight for pharmacists to participate um and it goes on and on you know it's a fight for doctors and everything so yeah in short um they can give you some answers um i'm not sure how valid a lot of it's going to be but the rule of thumb as i said is to think of the more than three ingredients and pick up another bottle everybody whatever the container may be hey tim a couple couple things that i want to discuss before we leave this topic is you know one of the reasons is and quite frankly people see marijuana cannabis as a gateway drug to other issues i think this is one of the biggest uh turn offs to to people who are not educated on this product etc can you address that for a minute yeah that's it it's no fault to the people to you know the generations of us um that have received the propaganda clear back from the 30s you know i mean it's what we've been told it's what we've been taught the same with law enforcement in the courts we're doing what we thought was right at the time but it's been so long it's so instilled in us it's still there so all of that fear is there um of as far as you know the industry as it is um and what was the second thing you said something else about that i was gonna about the gateway drug the gateway m okay i'll get short and simple with you here here's what we say cannabis is a gateway drug it's a gateway off of other drugs um and that's been proven um you'll actually go back i think it's 1946 a guardia report where the u.s government themselves came out and said this is not a gateway drug it doesn't need to be thought of as a gateway drug um of course that was shot down again same thing happened when the csa was created was created it's not a gateway drug here's what i'll tell you gateway drug it's called a gateway theory so it's a theory there's no science behind it here's what a gateway drug because i've met heroin junkies on the street i've dealt with them hand to hand and getting them help keeping them alive saving their lives and so forth and you'd be surprised of how many of them they don't want they don't use cannabis they don't like it but they like a bottle of alcohol and a syringeful heroin so tell me what the gateway drug is well there's a gateway drug in reality is if i'm drinking beer and i run out of beer and i go to the liquor store there's no beer there but there's a bottle of vodka i'm gonna buy the bottle of vodka because i run out of beer so is the beer the gateway to vodka now is gay is vodka gonna leave the heroin or cocaine or opius whatever it might be so gateway theory um really the gateway theory is just something that as i said it's a theory that was introduced to solidify the propaganda pretty much is what it was so um yeah that's why we've kind of reversed that we've even testified to it and the legislators are using it now that the gate cannabis is a gateway drug it's a gateway off of other drugs as we've seen with veterans first responders and so forth with ptsd that have given you know 20 25 tablets or pills a day to take and next thing you know after a few months they're down to taking two or three essential medications a day and they're consuming some form of cannabis so we've seen a lot of that with patients especially with mental health patients autism we have a young child right now we're adding autism hopefully to ohio the young child takes over 300 pills a day um i don't even see how the body can consume that how it digests it all so his parents started working they have him down to under a hundred pills a day now after they started using cannabis for him and it's just two different forms of cannabis like in the morning and at night and it dropped over you know all day near over 200 pills i mean you got to think of that first i got to think about it you know there's 300 different kind of pills out there to give to somebody you know but they give it to these young kids and so forth so yeah there's as far as your gateway um yeah don't fall for that tim i i man i tell you we probably could go for a longer time on this a lot of other aspects uh just quickly the state of indiana does not have an active uh uh cannabis industry uh legal legal one um we will be in an island pretty soon i believe uh so you know maybe at a later point because one the areas that we didn't get to touch on today is the businesses that are involved and supported by that uh in terms of distribution uh in terms of banking legal farming retail and support uh you know those are businesses that are created in the canvas industry just like any other industry so uh you know maybe at some other point we'll we'll just do a focus on just those industries that's around it did a fantastic job of giving us this background but one of the things when i was doing my research is like i wanted to know how i could make money if i never touched the plant who made money and that's what i that's what i focused on so here's what i'll tell you on that real quick um the services are provided by what's called an ancillary company think of when the gold rush happened in california who made who became the first millionaires the people that were selling shovels and picks that's right the ancillary to the to the industry was about gold so somebody said hey i'm gonna sell shovels and you know sticks whatever stuff and they became the millionaires well everybody else was hoping they'd find some gold so it's the ancillary services for any industry you know we need housekeeping we need banking we need record keeping you know we need security uh as any industry does you know um whatever they need for an outside service that's called an ancillary business and the cannabis industry happens to create literally hundreds of them um my side is happens to be you know legislative government affairs and the security that i'm involved in because of my intense knowledge of my background so yeah there's a lot there to talk about as far as indiana um keep that smile you guys do have a hip program and there is language being created by organizations to bring you on board with it'll probably be a limited one at first uh midwest state just like ohio um but uh we were a little bit more aggressive but yeah you guys are illinois around you the southern states are starting to surround you michigan ohio i mean come on you know west virginia is opening up their program now virginia is so it's happening it's yeah no no problem no problem we'll we'll spend a little time talking about that maybe in a future day hey with that people you know all i can tell you is like you know you know be informed uh there will be opportunities possibly in this business in this industry think about it and uh just be informed be smart and we at least know somebody that's done some work in the area so with that i'd like to say hey thanks for visiting this week see you guys next week jim you're our speaker next week right all right with that i'll see all you guys thank you so much for being this week bye-bye you