Financial Fridays | Financial Updates on Current Events - Cannabis Talk 101

Episode Transcript
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Speaker 1 (00:00):
After twenty two years of being a titan on Wall
Street and start in his own firm, Tony Kasai is
walking away. What to said the Ugly side hook Being
and only inside, We'll interview insiders and other titans of
all types of industry, offering advice, sharing stories of a
first This is another episode the Inside Show.

Speaker 2 (00:22):
Welcome to Cannabis Talk one on One's Financial Fridays with
the Inside investor Tony ka We're the world's number one
source for everything cannabis.

Speaker 3 (00:31):
The information provided by Financial Friday and Tony Kasai is
for general information entertainment purposes only and should not be
considered as professional financial advice. Consult with the professional for
making any financial decisions. YO.

Speaker 4 (00:44):
I don't know where you are, what you're doing, or
what day of the week it is for you, But
over here at the CET one on one iHeart Studios,
it is Financial Fridays for us ladies and gentlemen. I'm
your host, Tony Kay, and I'm here to get your
mind right and your money games.

Speaker 3 (00:54):
Hi.

Speaker 4 (00:55):
Feel free to leave me a financial question anytime at
What eighthund four twenty nineteen eighty. You can also connect
with me directly on Instagram at the inside investor and
of course you all know that my number one rule
of money is that your health is your wealth. You
can't be wealthy if you're not healthy. That's why I
want to, of course talk about my friends overt Rising
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It is dedicated to not just the cannabis community, but

(01:17):
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(01:39):
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six fifty three hundred. Now, ladies and gentlemen, last Friday,
we were off air because the guys here were celebrating
four twenty. We had an amazing show with the Hulu
casts of the new show called High Hopes. Right man,
it's it's a nominal cast and crew. We had some

(02:01):
good times with them out in LA looking forward to
them getting renewed for a second season totally and they've
become good friends of the show now looking forward to
having some of the cast members on the show. But today,
ladies and gentlemen. After much persuasion from my podcast Papa
Joe Grande, He's like, Tony, you're the financial guy. Why
are you not talking about, you know, cannabis stocks or
stocks in general, or just the overall economy. And I

(02:23):
have three or four really big hot button topics that
have been in the news here in the past week.
Connor and I wanted to invite my good friend Connor
to the show. He's our sound engineer over here at
Cannabis Talk one on one. He's one of our superstars.
And this young man, you know, in addition to traveling
the globe being a professional semi professional professional soccer player,
you know what I'm saying. Before he hurt himself or

(02:45):
just decided he wanted to get something different. Yep, yep,
switched it up, pivoted.

Speaker 3 (02:49):
Luckily he as COVID happened like right after, so I
would have been stuck abroad anyway and not been able
to play.

Speaker 5 (02:55):
So it worked out.

Speaker 4 (02:56):
It's all mad to be And you know, if you
guys listen to the main show, here on to talk
one on one. Connor's dived into some really good interesting topics.
I love his feedback and that's why I wanted to
invite him on the show. But today I want to
talk about a couple of topics. I'm gonna tell you
what we're going to talk about, Connor. First thing is,
the Federal Trade Commission has announced that non competes are
going to be basically banned going forward nationwide. It's a

(03:17):
huge thing and for most of you that are employees
or employers, I want to dive into that. I want
to get your opinion on it, and then I'm going
to give you my take. I want to talk about
the Crypto Banking Center and now the Crypto Banking Act
that's coming out through Congress. Now they're talking about tying
that into the FAA. Believe it or not, the Federal
Aviation Commission. But it's some crazy shit that Congress does

(03:38):
to combine different bills to make sure that one of
them either dies or that they both pass. But it's
something that I think will affect everybody, whether you are
in cannabis or not, especially from the crypto aspect. And
then I also want to talk about till ray Stock.
This is a Canadian company. It seems like any one
of my friends, colleagues, clients, former clients who hit me up,
They're like, what do you think of this stock? What
do you And I've been hearing about it for so

(03:59):
many times for so long now that I do want
to dive into give you my viewpoints on it and
hear your feedback as well, because I know you're very
interested in the space. Sure we've got allowed to cover. Man,
I'm going to dive right into now the FDC con.
I'm going to tell you the exact ruling. What they're doing.
Our final rule will generate suppose that this is their
spin on it. It's going to create eighty five hundred
new businesses each year, it's going to raise worker wages,

(04:22):
and it's going to a lower healthcare costs and boost innovation.
Now that's the spin. And as you know, you know,
we've gone down many rabbit holes here on my show.
But every time they tell me something's good for me,
I immediately think, okay, they're lying to me, or there's a
different agenda. Now here's the take on it. For most
of you that does that don't that doesn't understand what
a non compete is is basically if you're an employee, right, So,

(04:45):
if you're an employee here off Cannabis talk one on one,
and we wanted to put you on a non compete,
we would say, hey, you cannot work in any capacity
with any media firm for the next three years for example. Yep,
Now this is an at Weal agreement. We didn't hold
a gun to your head, but you would have signed
a contract that then allows me to come after you
if all of a sudden you go work for a
competing media company. I don't even know who would be

(05:05):
bigger than us, But if that's what you were going
to do, Now, the position that that puts me in
is it allows me to protect my trade secrets. Right
if you had a secret sauce here that we're doing,
and all of a sudden you want to go to
my competitor, maybe you were going to take a job
here from us just to find everything out that we're doing,
so you could take it somewhere else. Right, So the
non competes is not something that's designed to hold a

(05:26):
little man down, but it was created with capitalism, with
the thought process that hey, if you want to work
for us, here's the parameters. If you don't like it,
go work some wells. So I don't know what your
opinion or anybody else could argue against this because to me, capitalism,
like right now, every time new legislation, new regulation, new

(05:47):
just rules come out. I'm not a big fan of rules.

Speaker 3 (05:49):
Yeah, and it seems like it's a bit of a
blanket ruling where you know, it's not quite hitting certain
stipulations that may be good or bad for a non
compete agreement. Like I was reading some reactions of the
whole ruling, and you know there's people who were you know,

(06:10):
stuck at a certain job and they weren't able to
quit do non compete agreements, and like, you know, the
reaction from the government is that, you know that I
think they want to keep the They.

Speaker 4 (06:20):
Would prefer to keep the no compete agreement.

Speaker 3 (06:24):
But you know, ultimately, you know, like I said, I
think it's just too general of a ruling for the
whole that whole scenario.

Speaker 4 (06:32):
It's too general. And then and then you know, the
spin on it is is that it's creating more jobs,
with the thought process being that if I was if
you weren't happy here and you had a non compete,
I'm stopping you from going and starting your own company.
I'm stopping you from going and getting another job. So
this argument is that you know, it's stifling job creation.

(06:52):
Where the alternative to that is they've carved out now
to your point, it's very broad. They did carve out
that if you make over I believe it's like about
one hundred and ninety thousand dollars you're exempt from that.
The rule has about one hundred and eighty day grandfather period,
there's a there's a ninety day. There's a lot of
little restrictions on it. The Chamber of Commerce, which is
a very some would say liberal organization that everybody knows

(07:15):
who the Chamber is. If you've been a business owner,
you get this letter that says, hey be a member
of the Chamber of Commerce. They're actually suing the FTC
and they're standing up and say, no, this is not true.
This is going to stifle competition, this is going to
create In my opinion, yeah, man, I think for me
as a business owner, I think the thing that freaks
me out the most is he now the government's again
getting into your business telling you how you can hire

(07:36):
your employees. Right, if this was an exploitative ruling or
practice that you know, allows me to hold somebody hostage,
or you know, I forced you to sign this contract
after you were hired, I can understand that we've got
to protect you know, the employees. But if this is
an atual employment where you came in with full knowledge,
and of course they carve out industries that are in

(07:58):
their benefit, you know, aerosp civil defense, et cetera, of
course they're going to figure out a way to carve
out and protect their donors of whoever's funding Congress at
any given time. But every time I see a new
ruling and legislation like this, I'm like, all right, what's
the agenda? What bullshit are they putting on the business owner?
And they're stifling you know, especially here in California, they're

(08:19):
just suffocating business owners to death.

Speaker 3 (08:22):
Crazy it's a sad landscape in California right now. Like
a lot of people obviously don't live here to see it,
but you know, you got a lot of businesses closing,
a lot of industries are failing, Big cities aren't doing
too hot right now, so it's definitely bleak at the moment.

Speaker 4 (08:40):
Now, the final rule will become effective in about one
hundred and twenty days, it looks like after publication, and
once it's effective again there is a grandfather period for
people that have already signed it. I've read conflicting. I
mean again, the guys, this thing just came out yesterday,
and the number that I quoted earlier, it's actually one
hundred and fifty one hundred four dollars of earners that

(09:03):
are exempt from this ruling. And it's interesting how they
did that, right, because arguably the guy who is the
CEO or a vice president making a couple hundred thousand year,
he's exempt. Yeah, and this ruling is here to supposedly
protect the smaller employees and create more jobs. But your

(09:24):
typical employee who's making fifty sixty thousand a year, he's
not going out and trying to start his own company.
You know what I'm saying.

Speaker 3 (09:30):
The CEO has the you know, aspiration exactly go and
do that, and they have the wherewith all the knowledge
and all that, it's an easy pivot for them, essentially,
thank you.

Speaker 4 (09:38):
Yeah. So that that's the contradictions that I'm seeing, and it,
you know, after reading it a couple of times, I'm
seeing several of these contradictions where it's like, all right,
if this is supposed to create new job opportunities that
would involve somebody starting a company, taking a risk and
starting a new business, but the guys who are making
the big bucks are exempt from this. So you I
can you know, lock in some of my higher level,

(09:59):
sea level executives, but I cannot lock in my lower employees.
And quite frankly, I would not be surprised if I
really had the time, energy, or just sold to go
down to another rabbit hole. I would not be surprised
if large groups of law firms and legal lobbyists are
behind this, because I'm already seeing that this is going

(10:20):
to create massive legalities around trade secrets. Because while it's while,
it's now going to become supposedly illegal for me to
lock you in under a non compete. What it's not
doing is allowing me to say, Okay, well you've also
signed something that says you won't take any of our
clients or trade secrets and blah blah blah. Right, so
I can still enforce that, but I can't stop you

(10:42):
from going and working for somebody else. Well, guess what's
going to happen. You're going to go work for another
media company in this example, right, You're going to take
a rollodex of our clients, you know, contacts, et cetera,
and all of a sudden you're going to exploit that.
And now I'm going to create lawsuits after you, your company,
your law firm. The mortgage industry is massive in this right.
It's a very you know, they steal from not steal

(11:03):
from each other, but they recruit, you know, books of business.
So if you're a really top dog at a mortgage
company and I'm Rocket Mortgage, I want you to come
over and bring your four thousand people that you've done
refives for in the past twenty years. And there's and
there's been massive lawsuits where people have gone and done
this under the radar, they get caught and there's ten
twenty million a lot of lawsuits not just against that employee,

(11:25):
but the company that recruited them, because that company, you know,
there's email documentation encouraging that. So I wouldn't be surprised.
And again this is pure speculation that this is really
a way a for the government to just again have
another hand on the small business owner or even large
business owner, getting another rule legislation in. But more importantly,

(11:47):
I think it's just going to create more frivolous lawsuits,
going to create tie up the courts more. And I
just you know, i'd love to be proven wrong. If
somebody has some of the different viewpoint, please call, leave
me a message whatever. I'd love to I'm open mind
on this when I'm not locked in. But I'm just
looking at it. And they didn't do this out of
the kindness of our hearts, you know, to say that
it's going to create and this is straight from the

(12:08):
FTC's website, that it is going to create eighty five
hundred new businesses each year, or they get that metric
from you that that didn't even sound like a lot.
To be honest with you do to eighty five hundred
out of a country of three hundred and fifty million people,
you know what I mean, Like it just it just
seems like they're throwing a bunch of crap out there.
And I wouldn't be surprised if if there's a lot
of back end information here. So so you're on board

(12:30):
with this, then you you were in alignment in terms
of how I'm looking at it, or it might being
an asshole looking at it from a top wager and earner.

Speaker 3 (12:36):
No, I agree, I mean it you know, just you know,
another mode of control. Yeah, you know, and it just
looks like a shitty elevator pitch being delivered. Yeah, when
you look at it and you know what they're proposing,
So you know, I agree.

Speaker 5 (12:52):
I think it's kind of blame.

Speaker 4 (12:54):
Well and then you know, the final point on this
and then I think we could move on is if
it's truly you know, big brother Congress, the government looking
out for us. It's like, dude, you spent three years
destroying businesses during the last you know situation here here
we had those controversial and you've destroyed all these businesses
you didn't give a shit about. You've raised taxes on

(13:16):
business owners, so all of that was okay.

Speaker 5 (13:18):
Then why is it going to change now?

Speaker 4 (13:20):
Exactly, and now all of a sudden, out of the
goodness of your heart, you're trying to create eighty five
hundred new businesses each year. So yeah, guys, I mean
read between the lines. If you've listened to the show,
you know that my one of my things. Just ask questions.
Ask the hard questions. Don't just get spoon fed information,
and you'd be surprised at how just really understanding that
what you're reading and seeing, whether however you're consuming your

(13:40):
news and your knowledge about your money, you know, dive
in a little bit deeper. Talk to business owners. If
you're an employee thinking this is a great idea, talk
to some business owners, you know, look at their viewpoint
and kind of look at the other aspect of this
and ask yourself, why would the government be making this ruling.
So it'll be interesting to see what happens. I think
it's going to be challenging the sport. It's going to

(14:01):
be something that's going to play out here in next
three to six months. And I'd love to come back
to this episode and revisit it. But my prediction on
this is that it's going to go through. I think
it's going to have minimal changes in it. They'll probably
tweak the numbers a little bit, and I would not
be surprised if there's a flood flood of lawsuits that
attack not just this ruling, but after this ruling gets
challenged and probably gets enforced, that it's going to create

(14:22):
a flood of lawsuits around mortgage companies, real estate companies,
financial services companies. I mean, I remember when I was
the last big firm. I worked at UBS and Morgan Stanley.
You know, I was on a seven year contract for
my signing bonuses and if I left halfway through, I
a million dollars back, you know. So, so all of
those it'll be interesting to see how they're enforced. The

(14:43):
other thing I'd love to find out is who funded
the lobbying of this.

Speaker 3 (14:47):
Yeah, I was going to ask what was the build
up in, Like who is the one heading this whole situation?

Speaker 4 (14:53):
Like do we know?

Speaker 5 (14:54):
Is it public information yet?

Speaker 4 (14:56):
Well, that's one of the reasons I love you when
you're not just up here on your back there, because
you always are able to dig this stuff up in
real time. But I also like the free flow conversation
that you bring to the table. So I didn't do
that background but I will have that answer for you,
but I will and that sometimes it's not apparent right,
it'll be like CLC consulting and lobby for them. Then
you really got to go down and dive the follow

(15:17):
the money, honor the money and who funded that, who
lobbied for it, and who paid for it. So that's
my take on the FDC. Guys, you're going to see
this lot in the news. We'll be right back here
on Financial Fridays CT one on one Iet Radio.

Speaker 2 (15:29):
We'll be right back, so we'll be right back with
the Financial Friday five on Cannabis Talk one on one's
Financial Fridays with the Insider Investor Tony K. Welcome back
to Cannabis Talk one on one's Financial Fridays with the

(15:49):
Insider Investor Tony K. It's now time for the Financial
Friday five.

Speaker 4 (15:54):
You never find yourself caught up and you need a lawyer,
you guys, give my friends Freddy Sage a call. Man.
This is the attorney that you want to handle your
criminal defense, cannabis law, entertainment law, any kind of law needs.
He's going to take care of you, guys. Give him
a call. He's over at the Fox Firm. That's with
two exes the Foxfirm dot Com. He's Sky's covered and
not just that, guys. And you know this isn't just

(16:15):
a promotional read, but Freddy's just been a good friend
of the show. He's helped a lot of people here
at the show, a lot of my friends, for a
lot of our mutual clients. But he's somebody that that
I trust in explicitly, and if you ever have that need,
I'm a bus He'll help you out. The Foxfirm dot
Com with us is We're now back here with my
man Connor. He's our sound engineer here at Cannabis Talk
one on one on iHeartRadio. And he's somebody that I've

(16:37):
become good friends with. I super admire his not just
opinions and his takes. Sometimes we don't agree, but he
makes me sometimes look at things differently, and sometimes he
knows things a little bit more than me. You know,
I think you're what at least ten fifteen years younger
than me. I'm twenty four right now, so yeah, something
like that, I think all the splcen age. But and
there is a value to that, guys. I always try

(16:58):
to look for the nuggets to teach you guys of
how you can make money. And I think one of
the lessons I learned on Wall Street was some of
these old timers would always just hang around with each other.
And I found that the ones that were giving the
best advice to their clients would have the best stock picks,
would have the best you know, ideas that were a
little bit outside of the box. They would surround they
would become the mentors to us some of the newer guys,

(17:20):
some of the rookies, if you will, And I found
that those guys were always a little bit more advanced.
They had the best technology, they had the best tips,
they had the best waste and not just make their
clients money, but to make their lives easier. So one
of the reasons I try to surround myself with people
not just that are more higher than me, older than me,
more wise than me, like Joe, as you know, in
this industry, but some I also like to rely on

(17:41):
people are younger than me and hear the reviewpoints, and
hear what the latest trends are and what the latest
ideas are, because you never know where in that aha
moment's gonna come. You never know when you're gonna be
able to make money by meeting the right person that
just opens your eyes. And crypto is one of those
things for me, man, I want to touch on now.
You know the relevance of this new legislation again, this
thing I think just came out yesterday or the day before.

(18:02):
But the crypto markets is something that has been just
such a rollercoaster since its inception, right, and you get
a lot of these newer guys that haven't been burnt,
that that hadn't seen you know, the dot com bubble burst,
the tech bubble burst, the recessions, and when when crypto
came out and really took off, everybody kind of had
this fomo and I call it the cycle of fear.

(18:25):
And it's it's the same thing with the stock market
quite frankly, but it's like when somethings that are all
all time high. The Denny's waitress is talking about trading it.
You know, my mom, who never knows it, talks about
cryptos all of a sudden, talk about bitcoins when everybody's
talking about it. Is when everybody piles in, right, And
whether you made money or you just got in at
the high, and now it starts to fall and again

(18:45):
stock markets the same way. It starts coming down, coming down.
If you think about it like a clock, you're at
the three PM point and it's really coming down the hill,
and that's when people are like, oh shit, should I
sell now? Should I sell now? And right when it
hits about six o'clock, when they're at the absolute freaking
lowest is one that everybody's starting to sell right. And
then that's when you see, you know, companies like Chase
getting into it, and you know Diamond the CEO Chase

(19:08):
who said I'll never touch it, and Warren Buffett who
said it's bullshit. Now all of a sudden, these big
players are getting in the game. And now the clock
starts swinging about nine o'clock and everybody who just lost
their money is getting faux mo and blah blah blah.
And right around ten to eleven o'clock is all of
a sudden that cycle continues. And so for me, Crypto
has been that I and I cannot say that I'm
an expert at it in the least bit. Everything I

(19:30):
just described to you, I've gone through several times on
several cycles with Crypto. Then it was the shit coins,
which you know for those of you that they'll know.
I think there's like twenty thousand different coins that you
can buy now that people can create on their own,
and they're tied to different things. And then you had
the NFT model. So it's such the wild wild West.
And again the government I think is trying to figure
out how they can make money on it, how they

(19:51):
can access, how they can track the money. And there
are was you know, it did start off in a
very nefarious space, right with the whole silk Roat thing
where people were using it. He's a dark web, that
shit was popping. Do you know how to use the
dark web? Oh yeah, I've been on that ship. I
got the tour browser. We're all good. Oh man, That's
why I love it talking here. Yeah, So no, I don't.
I never went down that rabbit hole because I again,

(20:12):
I know once I go down, and I'll be on
the computer twenty four to seven, because that's anyway, right,
And then unlike the stock market, uh you know, the
crypto market specifically, they're twenty four seven, three sixty five.
So you know, I love gambling. I love taking chances,
but it's one of those things to where you know,
you can gamble on it at any time, and it
does become pretty addicting, right totally.

Speaker 3 (20:31):
I mean you just see your homie like break in
one hundred k profit from you know, investing in some
random coin, and it's like, what's stopping you from doing that?
But you know, you just have to you have to
play the game right and like don't be reactionary with it,
like do your own research and you know, figure out
what you want to invest in for yourself, like what
makes you feel good and all that kind of shit.

(20:52):
So like you can't just expect to buy like fucking
doge coin and then you know, be a millionaire after
you know, it takes a little bit more thought than that.

Speaker 4 (21:01):
Yeah, you know. I it's interesting on that note because
I think most people don't really understand. I was in
this networking group in Dallas, a lot of high level CEOs.
EXECT basically had to be a business owner and had
to have a decent business to even be a member
of it. I think it costs like thirty grand a year.
But in there, this was at the heyday of the

(21:21):
doge cones and all these other crap coins that would
come out and people would tell me I got a
three million dollar portfolio, two million dollar portfolio, and unlike this,
I'm like, yeah, but you haven't sold it yet. You
know what I'm saying, You don't have that money until
you hit send, you hit sell, it converts to freaking
the eighteen other coins you have to convert to to
convert it back to cash. Then you have to figure
out how the hell we get the money out of

(21:42):
the system without you know, getting just raped with taxes
in terms of capital gains. And everybody doesn't didn't understand
the Yes, the government will catch up with this. You
got short term capital games, you got long term capital gains.
In fact, the other day in the coinbase, I try
to access my accountants, like unless you go through these things,
which means now they're going to be reporting every single

(22:02):
transaction that you can't even you know, do a transaction
more than a few bucks or something stilly like that,
which again you know, it's it's we saw that coming. Uh,
there's a new thing that came out that kind of
bridges the two industries that we're talking about right now,
where Congress could include a marijuana banking bill in an
FAA crypto bill, and again, you know wild synergy, right, there.

(22:25):
For those of you that don't know, the FAA is
the Federal Aviation Agency. Right, let me read you what
this bill is doing. And supporters of a long waited
marijuana banking reform or pinning hopes on Congress packaging a
cannabis bill with must pass legislation, Congress has yet to
get the Safer Banking Act Act across the finish line,
despite almost decades of trying and repeated success in the

(22:48):
House of Representatives. As they've reported, a marijuana reform slash
crypto bill would be included and it must pass Federal
Aviation Administration Reauthorization Bill. And again just surface reading, what
the hell does the FA have to do with banking
and have to do with crypto?

Speaker 3 (23:08):
So I gots a, it's a wild little concoction. Why
don't you break it down for me? I have my ideas,
but I know you probably have a better one.

Speaker 4 (23:16):
Yeah, this one actually had left me dumbfounded, and I
was like, there was another topic I was going to
talk about today, But when I came across this, and
you know, this thing came out literally today. I think
it was being talked about yesterday, but it came out
today and it hasn't become you know, the safer banking
thing is something they've been trying to do. And for
those of you not in California, you know, California is
the cannabis capital of the world, and we've been doing

(23:36):
this where the gold standard supposedly of you know, rolling
out legal cannabis consumption. Yeah, we're pushing the culture. That's
one hundred percent it. And I've learned that being here,
and I've seen it now traveling and seeing how far
behind some states are, like Texas, Tennessee, you know, Oklahoma's
kind of caught up, which was a little shocking. But
when you one of the biggest problems for anybody in

(23:57):
the space out here that touches the plant, sells the plant,
or mostly has a dispensary or farm, is that you're
dealing with mountains of cash. And you know, the banks,
because they have a FDIC charter, they're federally regulated, blah
blah blah. Because it's still federally illegal, they didn't want
to touch offering banking solutions to the average person or

(24:19):
the average dispensary, et cetera, et cetera. So all these
other ancillary businesses popped up I remember these ATMs where
you were, you know, buying bitcoin at the dispensary that
was converting into everybody was coming up with creatively right
or gosh, these ATM machines inside the dispensaries were just
crushing it. Oh my god, they're crazy, like more than

(24:39):
a strip club.

Speaker 3 (24:41):
Yeah, Like it's it rips off further than like currency exchange,
Like I go over to Europe and I'm getting, you know,
ding blessed than I do an dispensary.

Speaker 4 (24:51):
Yeah, they've they've definitely got a little bit smarter, you know,
kind of a tangent. But that's another thing I never understood.
It's like, all right, in a casino, a strip clever
dispensary where you have such high margin products right where
you want your customer to take out their last fricking dollar,
why are you putting all these outrageous fees? You know,
if you're a casino, you're almost like, look, dude, there's
no fees. You can tap into your checking account any

(25:12):
time you want. Instead, they're just such erroneous face. Same
thing in a strip club, same thing at a dispensary.
The fundamentals to that is something I've never understood. I'm
sure there's reason they do it.

Speaker 3 (25:22):
Yeah, for cannabis at least, Like I can think of
a couple of reasons why, Like.

Speaker 4 (25:30):
You know.

Speaker 3 (25:33):
That rephrase the question for me, so me hear this.

Speaker 4 (25:39):
What is your theory on why these three industries all
having very high profit margins? Strip clubs, dispensaries.

Speaker 3 (25:45):
Okay, yeah, okay, dispensaries at least, I'll say that you
know that cut could go towards the egregious amount of
licensing fees and you know, upkeeping the dispensary because there
is a lot or say, if you're manufact rcturing or
you know, growing or whatever, and you want to like
do all those different facets of cannabis, like it adds up,

(26:05):
and especially to do it legally.

Speaker 4 (26:07):
So I can imagine you know, that kind of shit
would go toward it. But well, the fees add up,
that's for sure. But I think the point that I'm
trying to make is, wouldn't you rather if you're a
dispensary owner, right, I would want someone to just spend
all their all their money because your margins on the product. Yes,
the taxes are egregious, and that's a whole other conversation
but but I just don't understand why they wouldn't just

(26:29):
want to encourage the consumer. Now, at least at a dispensary,
it's a flat fee, I've seen five, six, seven bucks.
But the ones like at a casino or a strip
club where they're charging a percentage of what you take
out blows my mind, right, because now it's like, well, dude,
don't you want the guy to take out as much
money as he can take your fees? But once it's
a percentage, And to your point, I don't think I've
ever seen it be a percentage of what you take

(26:51):
out at a dispensary. I've only seen it at the
two other types of business.

Speaker 5 (26:54):
I think I've had a.

Speaker 4 (26:57):
Couple of percentages to me, and to your point, you know,
I think there's I guess the only other argument I
can see from that dispensary owners. Look, this guy's gonna
want to take out his money to buy stuff. He's
going to do it anyway, right, So why don't I
make my money there as well the maximum I can? So,
I guess there's an argument to be made there, But
we digress. Now. This bill is following on a December

(27:18):
twenty second effort to include cannabis with a budget or
defense bill. Again, they always seem to tie it with
shit that has no correlation. I don't understand. Yeah, the
FA is tricking me out. Now the crazy part of this.
And again I don't know as much about the FA,
But the FAA bill must be passed by May ten,

(27:39):
which is the expiration date for a short term funding
bill for the agency which regulates airline travel. So you know,
when they shut down the government, they shut down the government.
But are they saying now that by May ten, if
they don't pass this FAA.

Speaker 5 (27:52):
Bill and the cannabis is done.

Speaker 4 (27:54):
Know what they're saying is basically, the FA runs out
of money. This is the FA bill is a bill
that is already there, right, They got to pass this
bill for funding to fund the towers and the and
the and the airline coordination systems and all that crap. Yeah,
they're tying the bill to the banking bill so that
the banking bill has more reason to pass because they

(28:16):
know that if all of a sudden all the airlines
stopped moving, everybody's going to be pissed off of Congress
more than they already are. So I think this is
a strategy to to push it through, but it's not
looking good. You know, some of the guys like Schumer
and Brown are proponents of it, but as of now,
they don't think they have the sixty votes to pass
the full Senate. So May ten is you know, it's

(28:38):
coming up, Yes, soon, it'll it'll be interesting to see
how this one plays out. But but it's just it's
odd to me, man, And when when you see an
industry that that's providing so much money, so much opportunity,
and and then you see like the regulations and the
rules involved and what the hell is going on with that?

Speaker 5 (28:55):
Yeah, no, it's uh, you know, very discouraging.

Speaker 3 (28:59):
A lot of people put a lot of hard work
for this industry and like have a you know, a
genuine passion for it, and you know, I think that
should be rewarded and not the opposite, which very clearly
is the case, especially in California with the current state
of the industry. And you know, there's not a whole
lot of players in the game doing too hot right now,

(29:20):
so it's, uh, it can be.

Speaker 5 (29:21):
It's it's weird.

Speaker 3 (29:22):
It's a weird little spot for the cannabis industry to
be in because like, from the outside it looks super
successful and like, oh, like I want to get into cannabis.
I want to do this X, Y, and Z with
the plant, but it's really fucking difficult right now.

Speaker 4 (29:37):
So I learned something when I was I was in
Dallas about three or four weeks ago. I was speaking
at one of our master Mentors Live events, which is
a cannabis education company that we have here at Cannabis
Talk one on one where we go out into all
at least twenty plus states here in this past uh
in the next twelve months and we educate people on

(29:58):
how to get in the industry. And one of the
things I learned one of the speakers there was, you know,
I've heard you guys talk about it, specifically you and
Joe talked about it. I think on a segment, what's
going on in New York and where you know, in California,
where now the gold standard of how to have legal
marijuana sales and taxation, et cetera. But you get a
state like New York that was trying to, for all

(30:18):
intents and purposes, try to duplicate the revenue that we're
creating here as a state. And what I found out about.
And for those of you who haven't been to New York.
Back then New York you smell like shit bumms every
blah blah blah. Now you walk down on any street,
it smells like wait. Everywhere you go in New York,
it just smells like wait. And when you walk around
one of the gals, I was like, yeah, I just
came back from New York. I probably saw, like, you know,
a dispensary in every corner. How many in the in

(30:40):
the island of Manhattan? And I may be off by
this by a few digits, but it's not that much.
How many legal license shops do you think are in
New York? And that's the bit a segment.

Speaker 3 (30:50):
Well, based on the article that I was reading the
other the other day with the content show, where you know,
there was some stupid numbers, and it was like the numbers,
the data itself, at face value, made it seem like
they're doing favors to certain places, you know. And so
for example, Santa Barbara had a crazy proportion comparatively to

(31:11):
the rest of California, where they had over two thousand
active licenses for a very small population, giving it like
for every sixty seven people there's one person with a license.

Speaker 5 (31:21):
Now you go to Sacramento, where it was five hundred
thousand people.

Speaker 3 (31:25):
In Sacramento, they have three hundred and thirty four active licenses,
which means every like one five hundred and seventy one
people there is a fucking cannabis license. So it's like
it depends on you know, where the friends are and
who's getting the licenses, and you know they get the
We've had one show on here before where social equity

(31:48):
what's the word he was he was applying for the
social equity for cannabis and found out that, you know,
they the state of California gave the sign up to
their friends like ten minutes prior to the thing actually opening.
Pseudom one. So it's like, that's what we're up against
when you're getting a license.

Speaker 4 (32:07):
Yeah, or like private equity bankroll in somebody that's going
to get the license. Down New York, it was something different, dude,
what I'm talking about in New York, which blew my mind.
And I'd love for you to verify these numbers, but
they're really close because the speaker had actually looked them
up and he had it all up. But in New
York there's roughly less than one hundred, substantially less than
one hundred legal licenses that were issued in the city Manhattan.

(32:30):
There's over thirty thousand marijuana dispensaries in New York, thirty
thousand to one hundred, so one hundred of them I
legal and thirty thousand dodds. So chances are if you've
been in New York and you bought weed at a dispensary,
that dispensary was not a legal run operation. Now you know,
diving into the numbers and why this matter is check
this out. The This is pretty funny when you really

(32:54):
break it down, dude. So New York's license operators did
one hundred and fifty million in sales and they collected
thirty three million dollars in taxes. Thirty three million may
sound like a lot, but for New York and selling
cannabis in a legal market, it is nothing. To give
you a comparison Missouri, which most people have never been to,
substantially smaller and concentrated in population, Missouri, which is only

(33:19):
adult used cannabis. In February twenty twenty three. They only
launched it this past year. They've already had a billion
dollars in sales in the first year, dude. So the
math is just astronomical at what's now coming out New
York and its infinite wisdom is they've come up with
a budget to not necessarily shut people down, but to
padlock their front doors from up to one year if
they're an illegal shop. Notice, they don't even shut them down,

(33:41):
they just padlock the front doors. And that's good, dude.
So they have they have a two hundred and thirty
seven billion dollar budget and they're carving out a piece
of this budget. At a press conference here in April nineteen,
they stood up and they said illegal shops will not
disappear overnight. New Yorkers will eventually see a change in
their communities. The insanities stop now. But to me, man,

(34:01):
when I see what New York is doing in so
many different ways, it just seems like the insanity does
not stop, never.

Speaker 5 (34:06):
Does, hasn't hasn't stopped.

Speaker 3 (34:08):
I mean, at least since I started paying attention to it,
Like during COVID and everything, it's been it's been a
madhouse over there.

Speaker 4 (34:17):
And the other not necessarily fun fact, but a fact
that kind of, you know, really gets your eyes open
to when you know when regulation ends up going the
wrong way in the alternative way, right is when you
see what's happening is in California. It's California and New
York where the taxes are egregiously high on the product.

(34:37):
There are statistics that say, well, legal sales went from
and I'm making up a number here, guys in California
call it went from twenty three billion to twenty billion.
So there was a twelve percent decline. But if you
live out here and you understand what the space is,
it's not that it declined. It declined it the legal dispensaries,
which means the dispensary is paying the taxes. But that's
because the taxes have become so egregious and the consumers

(35:00):
like well saying the black market is now threaten. And
this is something you guys have talked about. I've I've
become educated on it by listening to you guys, but
it's something that really starts making you think. And again
I bring up all these not to just have conversations,
but there's where there's pain, where there's uh, you know,
what's the word I'm looking for. When there's when there's

(35:20):
disparity in the marketplace between whether it's the consumer or
the government, or the government in taxes or legislation or regulation,
is where you can find opportunities. Right. So, when when
we're out here on master Mentors or when I'm out
on the field and talking to entrepreneurs or cannipreneurs, as
we talk to them, you know, everybody thinks, well, gosh,
you know, the market in California is saturated and cannabis

(35:42):
everybody's already making money, and why would I want to
get into it. I'm like, that's here in your own
little bubble, you know, in California. We may seem like
the fields like that, but when you actually look at
the percentages the year over your quote, the number of users,
the health benefits. It's finally now becoming uh allowed to
be even medically tested. You know if a two fun
years ago we could even have studies on it. So

(36:05):
it is going to have a lot of the opportunities. Guys,
keep looking out for waste again, make money in the space,
dive into the show, listen to the show. Now we're
going to take a break here, but when I come back,
I'm going to talk to you about till ray Stock
it's a cannabis stock, it's a Canadian company, but it's
something that I think most people who are investing in
the cannabis space all have questions. But we're going to
talk about that when we come back here on Financial
Fridays on ihire Radio.

Speaker 2 (36:26):
We'll be right back with more Financial Fridays with the
Inside Investor Tony K. Make sure you follow Tony at
the Insider Investor. Welcome back to Cannabis Talk one on
ones Financial Fridays with the Inside Investor Tony K. Make

(36:48):
sure you like, follow and subscribe to the show now.

Speaker 4 (36:51):
Master Mentors Live. You heard me just talk about it
on the last segment. Guys, check out the website. Mastermenttorslive
dot com is coming to a city near you. We
have multiple cities right now that I'm looking at the screen.
If you're watching it on YouTube, click the link check
out where we're coming to you. It's an absolutely free
ninety minute workshop. We're going to show you how to
make money in the industry, whether you want to buy

(37:12):
the plant, touch the plant, sell your own joints, white label,
have a CBD product, have a show like we do,
have a print magazine, do concerts surround. It doesn't matter
what you do. There's thousands of ancillary businesses around the
cannabis industry. It's the fastest growing money making sector in
the United States, if not globally. This is your chance
to cash in on the modern day green rush. We

(37:35):
call it the modern day gold green rush. If you
will right check it out. Master Mentor's Live. We'll come
into city near you. Look forward to seeing you guys
out there.

Speaker 2 (37:43):
Now.

Speaker 4 (37:43):
We're back here on Financial Fridays with my man Connor.
He's not just my sound engineer, but he's my soundboard
when I come up with controversial ideas, rabbit holes or
better yet, even investments. Today's episode has been dedicated to
giving you guys a little bit background on some of
the current events happening, not just in the cannabis space,
but in ideas and concepts that are coming out, legislation,

(38:05):
regulation that's coming out that could affect your pocketbook. But
I wanted to tap into till Ray and this is
something that Joe Grande has been really you know, pushing
me and encouraging me to talk a little bit more
about with my background on Wall Street and as you
get most of you if you have heard the first
episode or heard me talk on some of the other episodes,
you know, twenty two years on Wall Street. I saw
all the good, the bad, the ugly, all the shit
you see in the movies, from Wolf of Wall Street

(38:26):
to the movie Wall Street to Boiler Room. All that
shit is real. And then more so I became really
disenfranchised on it. Obviously I got a crazy story, but
I learned a lot about, you know, the warning signs
with these stocks and the hype, et cetera. And I'd
love to talk to you and Daniel, our producer, about
it because till Ray was one of those things when
Canada first legalized, it became like almost like the Facebook

(38:48):
stock of weed. Would you say that that's a pretty
good analogy.

Speaker 3 (38:51):
And like, I'm not too well versed on till Ray,
but just from seeing the whole initial reaction with Canada,
like I could assume that it was a pretty big commodity.

Speaker 4 (39:02):
Yeah, and this goes without saying. I think we have
a disclaimer to open up the show. Nothing that I
tell you guys is intended as financial advice. I don't
own any of the stocks or brands or companies that
I talk about, but till raise. I'm not invested in it.
I was never invested in it, mainly because I don't
trust the Canadian stock market and how they function and
the way that they rolled this out. But it became

(39:22):
a multi billion dollar cap raise company, if I'm not mistaken.
But what most people don't know, and I'm curious if
you knew this, but till raise right now money and
they burned through cash like it's going out of business.
They acquired a significant stake in the convertible debt of Medmen,
and they've made and obviously Medmen, for those of you
that don't know, was a massive company that were in

(39:42):
New York. They're out here, very well run pretty almost
like an Apple store dispensaries. They had multiple verticals. If
I'm not mistaken, for whatever reasons, and I don't know
the owners. I don't know much about the brand other
than they started having financial issues. I would talk to
some of the employees. They weren't getting paid and you know,
usually where there's smoke, there's fire. And if I'm not mistaken,
they've closed down dozens of stores and they're having serious issues,

(40:04):
et cetera, et cetera. So to me, till Ray, you know,
they haven't made the best bets in the cannabis industry,
but what they did start doing is they started acquiring
alcohol companies, right and till Ray's bets. And before I
did this segment, I'd reached out to some friends in
the market and that are a little bit more active
in the stock market, and I said, why are you
investing in the stock And everybody was banking on a

(40:26):
nationwide legislator nationwide legalization of cannabis in America, which, for
those of you that don't know, interra state cannabis transfer
is illegal. Right. We can't sell our weed to Oklahoma.
Oklahoma can't sell their we to US, vice versa. There's
brands that can have brands in those in those different markets,
but they have to consume I'm sorry, they have to

(40:48):
purchase the raw product in that state. Correct, Correct. And
so the thought process was, you know, especially with the
current administration coming in saying that he's going to waive
everybody's you know, criminal going to make it legal every
every freaking president doesn't matter who you know or which
side you're on, has promised that as they come in,

(41:08):
I think they want the stoner vote, you know, and
they come in and they do some bullshit and oh,
we'll let these guys out of prison, but these other
guys are still in there. So nobody's really fulfilled that promise.
And we sit here in twenty twenty four with fifteen
other class drugs being worse than cannabis, better than cannabis.
The government right now, if you look at the class
the class schedule of drugs, will tell you the fensanyl

(41:31):
speed cocaine, heroin is safer than marijuana, which blows my mind.
It just blows my mind. Right, So, as they tell
you this, as they're shoveling this down your throat, at
the same token, cannabis is still federally illegal. So I
think till Ray came in with this promise. The stream,
probably some of the road shows of how they stole
stock and raised capital was with the vision that hey,

(41:53):
once America goes legal, it opens up all the growers
in Canada to be able to sell their way down
to here. Et cetera, et cetera, et cetera. Hasn't happened. Now,
Why do I think the till Ray is not a
solid investment. Several reasons. One, they're burning through cash and
the only way they can grow right now, they can't
grow anymore in California, I'm sorry. In Canada, they have

(42:13):
to acquire other companies, right they have enough cash, they're
burning through cash, so they'll take on hundreds of millions
of dollars of medmen's debt. Well, that one to shit,
you know the way that at least I understand it.
Then they started looking at alcohol and they started acquiring
large stakes in different alcohol, non THHC, just regular alcohol brands,

(42:34):
and that actually ended up getting them solvent. They're actually
have decent cash flow and if you just looked at
them as an alcohol company, they're doing well. But they
still want to be in the cannabis space. They still
want to be relevant in the cannabis space. They believe
in those opportunities. And I think you know, to me,
proof is in the putting past performance. There's this there's

(42:54):
this disclaimer whenever you buy any investment, pass performance is
not a guarantee of future results, but past performance is
going to be a good indicator of future results. You
follow where I'm going with this, of course, and if
you look at you know what they're doing right now.
They burn through eighteen million in cash from its day
to day operating activities just in a twelve month period. Okay,

(43:17):
this doesn't factor into capital expenditures, growth related activities, et cetera.
So they're burning through cash because they're going into alcohol.
They had a vision we're going all in on cannabis, right,
that's now kind of fell apart. They're back to alcohol.
So to me, it's like, you know, you can't be
like that old in the movies, the dude on time scores,

(43:37):
Like what do you want a gold watch? I got
one right here. You want to want to gold plate,
to toothbrush, I got one right here. You want toilet
paper roller, I got one right here. So you can't
be a jack of all trades. And you know, especially
when you talk about the ATF the alcohol, So is
it a you know, cannabis product or you do an
alcohol And obviously in California right now, and I think
most of the most of the legalized states, you can't

(43:58):
sell alcohol and can out of the same facility. Even
the consumption bars they have different you know, uh permits,
permits or you have to have different addresses, et cetera,
et cetera. Right when we do festivals, you know, I've
learned now through being here that you know, the festival
address has to be different. If you have two facilities,
one can sell cannabis, one can sell alcohol, but you
can't do both.

Speaker 3 (44:18):
Yeah, you have to have like the beer village designated,
have a permit.

Speaker 4 (44:22):
For it exactly. Now. The reason I'm bringing that up is,
you know, if you take a company like that that's
putting all their eggs into now alcohol, I in cannabis,
and now it does become legalized here, they're gonna have
to make another decision because I have a feeling that
the regulators, and as as much as our Congress loves
to make up rules and pitfalls for companies, they're going
to make them pick and now these guys are gonna

(44:42):
have to burn through reverse cash. So that's my theory
on that. Did do you own any of it? I
know you you were active in some of these stocks.
Have you ever owned any of it?

Speaker 2 (44:50):
No? Not of.

Speaker 4 (44:52):
This company, No, Daniel, have you owned it before I
heard you talking about it? He's pulling up his mike
right here. But but this guy's probably got a bigger
portfolio than I do.

Speaker 6 (45:04):
So technically, yeah, I did, Like a long time ago,
I did invest in Tillray. It wasn't a great idea unfortunately,
And I'm not telling anybody at home exactly, don't go
do this or do that before Like, I just got
out of it, and I actually ended up just staying
away from companies like that, you know. I ended up actually,

(45:25):
I don't know if you heard of Grow Generation.

Speaker 4 (45:27):
Yeah, they are like.

Speaker 6 (45:29):
A hydroponic They specialized in hydroponics. And right before the pandemic,
I I invested in you know, like probably fifty stocks
and then it ended up shooting like forty dollars each
one up. So I ended up cashing out from there.
And now we're up with the cryptocurrency.

Speaker 4 (45:46):
Baby, here we go. How much if you were an
early adopter of till Ray, if you had to guess
off the top of your heads, how much do you
think the stock is down from its all time high?
It's probably it's probably worth don't look it up, just guess.

Speaker 6 (46:02):
So when I bought it, it was, well, well, what
is it right now?

Speaker 4 (46:05):
It's like a dollar eighteen If I'm not mistaken, it's like.

Speaker 6 (46:07):
A dollar or something. Yeah, And I bought it it
was it was up there in like the tens. I think, yeah,
it's a dollar right now. You nailed it, brother, It's
actually down ninety percent, guys. Yeah, and there's very I
forget what the stat was. Back when I was on
a Wall Street there's this statistic that if a stock
has fallen ninety percent, less than like three percent of
them ever end up actually making a decent comeback.

Speaker 4 (46:28):
They'll bounce around up and down. But there's a reason
somebody loses that. There was this great art article on
Motley Full that I thought really put it into perspective,
which covers a lot of what I just said, but
it said till Ray hasn't been shy when it comes
to acquisitions in Canada. It acquired Hexo, a problematic and
unprofitable cannabis company, only for the sake of gaining market share.
And you understand what that means. They bought shit that

(46:50):
wasn't making money just so they could have more consumers.
But you're buying a business model that's failing, so that
that doesn't make sense to me unless you're really just
chasing market share to the then drive up prices. But
there's an no players in the industry. You're not going
to monopolize the market in Canada's stupid In twenty twenty one,
it acquired a majority position in convertible notes of multi
state operator Medmen in the US and the hopes of

(47:11):
one day potentially acquiring their business and using it as
a way to expand into the United States. Medmen unfortunately
turned out to be a bad investment another one and
now appears to have serious liquidity issues, which means they're
not going to be able to pay back that convertible debt,
and it reportedly owes employees money and has been closing stores.
The danger is that till Ray hasn't exactly been a
great judge of cannabis business in the past, even though

(47:33):
it's Canada's stock, and if it were to pursue more
risky acquisitions in the United States, that may exasperate its
cash flow concerns and push back any hopes of profitability.
As well. Acquiring businesses for the sake of growth in
an already troubled industry would make wouldn't make till Ray
a better bube and you know they close it out
with You should stay scared of stay clear of the stock.

(47:55):
It's fallen over ninety percent in the past three years.
Investors should be careful not to assume even if I
mean if us, if we said, hey, next year it's
going full legal, then yeah, I would bang. I would
put a little bit into it, for sure. But the
way things are going and as much of the crap
we got to deal with in this country, it just
doesn't seem like it's a priority anymore for the politicians.
They're going after different fear tactics to get their votes

(48:17):
on both sides. So I don't see cannabis legalization happening
in this administration nor in the next three to four years. Personally,
I think you're going to see more states go and
I think there's going to be tremendous opportunity in individual
states like Ohio, Tennessee, Dallas, et cetera. But I just
don't see it happening federally for the time being. Yeah,
I think like ten years, fifteen years, God, that sounds

(48:41):
like a lifetime away. Yeah, that's realistically realistical thing.

Speaker 3 (48:44):
That's yeah, based on all of the events that have
happened in the past ten years, we'll say, you would
think that they would have gotten it cooking from twenty
fourteen to twenty twenty four Yeah, but they ain't fully
cooking yet.

Speaker 4 (48:58):
No, no, and it is. And I think if there
was you know, as much hype as was around this
current administration or even Obama where it was like, hey,
we want to let people out for you know, misdemeanor
marijuana blah blah blah, neither of them did it. Nobody
did it. Trump didn't do it, Obama didn't do it.
Clinton was the one that started the problems and privatized prisons.
But again, another rabbit hole point is it ain't happening

(49:19):
anytime soon. And that's why till raising good now. I
brought up that individual stock for several reasons. One obviously,
in my opinion, and again this is completely my personal opinion.
I could be completely wrong, but it's not. It's not
anywhere close to the stock that I would put in
my in my horizon of purchased. But the lessons learned here,
and how does a company that's worth billions of dollars
make their stock go down ninety percent when you're in

(49:41):
the drug game. I mean, at the end of the day,
you're in the marijuana business and you're losing ninety percent,
it's because you made bad business decisions, right, you weren't
you weren't surrounded by the right people that are crunching numbers,
and someone like you who's you know, never worked at
a Wall Street firm, hasn't had a multi billion dollar
company ever. But it's just common sense. Why would you
invest into another company that's losing money just to acquire

(50:03):
their customer base if you have a product that's not unique.
It's not like you invented weed. It's not like you're
the only company that can sell cannabis in Canada. So
in my opinion, it becomes a very bad poor choice.
And then when you talk about convertible debt with medmen,
I didn't know their numbers enough to really look through that.
But now when you see another strike two on them.

(50:23):
Usually when you see two strikes on a big company
like that, you're not going to see a third strike.
So there's a lot of lessons to be learned by
analyzing different news articles like this, Right, even if you
have no intention of investing in the stock market, even
if you have no intention of investing in the cannabis industry.
I think by putting yourself out there, just look at
the top news stories on any given day, I could
create years worth of content in just one month by

(50:46):
just looking at different articles and be like, all right,
what's the real agenda here? What can I learn from
this that will allow me to save money? And what's
the opportunities that I can teach other people? Totally cool?
Do you have any hot stock picks or what are
you putting your money in?

Speaker 3 (51:00):
Now?

Speaker 4 (51:00):
If you had five grand, what are you investing in? Well?

Speaker 3 (51:03):
I want to look at getting in some of the
money markets because I see some high yield rates right now.
You know, I've got some investments in some solar stocks
and all that, but you know I've I've got to
save up some more to be able to make a real,
real investment. So I've kind of just got a few

(51:25):
things here and there in a portfolio, but nothing.

Speaker 4 (51:27):
Well, I'm going to tee up. I'm going to tee
up something. And I appreciate you saying that, because you've
got me thinking. I always love ending the show on
an immediate action that some of you, if not all,
not all of you, but some of you can take
right now that you can take from the show go
and create free money for yourself. You like free money,
We love it. So he pointed out something right now,
high yield money markets. As for the past twenty years

(51:50):
interest rates in this book, I take that back for
the past ten years. Ever, since September eleven, interest rates
at this in this country have been close to zero.
Even if you're getting a CD or a money mark
market or newly paying you two to three percent, you're
paying taxes on that at ordinary income tax, which most
people don't know that that's what interest income is, which
is the highest tax income that you can make. So
when you are making like two to three percent locking

(52:11):
up your money for five years in a CD, you're
taking home maybe one to two percent. Right now, for
the first time because of inflation, interest rates are almost
approaching double digits right There's some high yield money markets
paying five to six if you lock up your money
on an internet bank, be careful on those, make sure
they're correctly FDIC insured. And by the way, money market
funds are not FDIC insured, so there's something to be

(52:33):
cautions off. But there's there's really safe, very safe ways
to make seven to nine percent on your money right now.
And there's still if you have good credit, if you
have good income, or if you have decent credit good income,
there are some cards or credit lines offering you money
two to three percent, and guys, it's the easiest way
to make money in this country, which is called natural arbitrage.
So if you have something paying you seven percent, you

(52:54):
have something else paying you know, prompt you can borrow
money at two percent, make it at seven percent without
taking risk. That's five percent or free money that you
can take. Right. So, if you do have the ability
to pull money out of your house an equity line,
you're a senior citizen, you don't want to take any
risk in the market or anything else like that. There
are very creative ways that you can borrow money at
a cheap rate and lock it up for a year
or two in a CD and just take that extra money.

(53:15):
Just called the arbitrage. Google it arbitrage. Very simple concept.

Speaker 5 (53:18):
It's critical now and.

Speaker 4 (53:21):
It only works right now. Right because again with interest
rates being for the past, you know, in the past
fifteen what gosh, it's been twenty two years in September eleventh,
so twenty two, twenty three, twenty four years interest rates
have been at zero and now they're all all of
a sudden quadruples and quad tuple or whatever. You're closer
to seven eight nine. You take a little bit of
risk and get eight nine percent and some really secured
lending funds. But guys, look into it. I always like

(53:44):
to show you opportunities. Can anything else you want to
add before we close out.

Speaker 5 (53:48):
Just thank you for having me on.

Speaker 4 (53:49):
It's always a pleasure rapping with you. Well listen, man,
I appreciate you being here, and more importantly, I appreciate
the entire staff here again of his talk one oh
one at somebody that you know, we're almost coaching about
a year shows and I always try to pick a
crew of people that have been helping me out us today.
Since you're on here, I want to shout out to
the entire production crew from you, Diego Connor, the girls

(54:11):
up front, Jennugal, Gemma, Jen Jenna, Jenna, I believe looking
forward to having her on the show, Dan incurring Her
Daniels and of course Erica out There a lot of
people behind the scenes that make the magic here. Guys.
I appreciate you guys listening. Thank you for listening to
Financial Fridays here on iHeartRadio c T one on one.
I'm Tony Kaan. You can always find me on Instagram

(54:33):
at the Insider and remember Bah good God. The Insider Investor.
Remember to keep that walllet tight, keep your mind right.
I'm going to see you next Friday on Financial Fridays.

Speaker 2 (54:43):
Thank you for listening to Financial Fridays with the Insider
Investor Tony Ka on Cannabis Talk one oh one, the
world's number one source for everything cannabis

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