April 19, 2022 • 58 mins
In this episode Amanda and Sarah discuss the MORE act, Marijuana and Money, the intersection of Marijuana and Racism and much more. Tune in and learn more about how Cannabis is being talked about in legislation and the history of its criminality.
Come in and listen with us as we break down everything that connects with getting your money right.
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Episode Transcript
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Amanda Miller (00:01):
Somebody if you want to go somewhere you bet
Alright, so here we go okay, allright. Hey guys, it's Sarah from
(00:43):
forward motion. Hey guys it's meAmanda Welcome to the get your
money right podcast brought toyou by forward motion
forward motions mission iscreating generational prosperity
one family at a time. And hereon the get your money right
podcast we talk about everythingfrom money to career to
(01:04):
nutrition to everything thatgoes into getting your money
right. And today we have areally special episode for you.
But before that, I think Sara,do you have something a question
for us?
Sarah Schroeder (01:19):
I do I have a question for you mostly? Oh, no,
because I know this is gonna bea great answer. I already know
some of the things you do. I'mcurious. It's a thing as to the
things you think you do. Butwhat are things that you do?
Like funny old person things?
Unknown (01:35):
Oh, okay. So yesterday, I actually did. Daily Mail
person. go day by day. So I am.
I'm an old person at heart. Ilove old people. I think they're
so cool. I can't I really hopethat I am like an old person
with zero filter. Many signalsso many. We were like, very,
(01:58):
very young. Yeah, I. Soyesterday, I need some new
shoes. And I'm really horriblewhen it comes to like going
shopping for clothes for myself.
And so I was like, I got a wildhair. And I was like, Okay, I'm
in the mood to go get shoes. SoI'm gonna go and look. And so I
(02:22):
get to the mall. And now themall opens at 11 o'clock. Like,
like it's open. So you can likego in like Arizona mills. So you
can like go in there. Butnothing, none of the stores open
until 11 o'clock, like what isthat? And I got there at 10
thinking everything opens at 10.
So I get there, I'm an hourearly. And I'm like, man, like
if I leave, I'm probably notgoing to get shoes for months.
(02:45):
And I really, really reallyneeded some new tennis shoes.
And so I see these two oldladies and they walk past me and
I'm like, walking our walkers.
It's walking our so in Arizonain Arizona mills. For the
(03:05):
longest time, old ladies hastypically have been going in
Arizona Mills before they openand they do laps around the
mall. It's a circle. And becauseit's a circle, and it's a pretty
big, it's like a decently sizedcircle. So to do one full lap,
it's about 15 to 20 minutes,depending on how fast you're
(03:26):
walking. And I was like, oh mygod, I'm joining like the old
lady mall walking crew thismorning. I'm just gonna because
I because I was going to go tothe gym and walk on the
treadmill after getting shoes.
And I was like, I'm totallygoing to like stay in here in
this air conditioning. I'm gonnawalk around this mall for the
next hour and then I'm going togo into the thing so that was
(03:46):
like my most recent old lady orold person moment is I mall
walked for yesterday. And I wanti i did three laps. It was just
under an hour. And it was sofunny because like when I
started, I pass by, you knowdifferent people. And then on my
(04:09):
second lap, I'm seeing likepeople are starting to open up
their stores and differentpeople are like getting there
and they're waiting outside ofstores for stores to open and
people were kind of you know,people who saw me on my first
lap they're kind of like Okay,that's interesting. And and
other people were like, huh, andthen on my third lap I caught
eyes with a couple of store likeshop people shopkeepers. See see
(04:31):
that's how old I am. I seeshopkeeper like who says that?
And so I caught eyes with acouple of them and there's this
this young girl and she's likein I think I don't know like the
cinnamon bun place or whatever.
And she like catches eyes withme and I smile smile no more I
(04:55):
swear she like she like sidewith like sideways smiled like
oh your mom Oh, walkingis what we're doing today. So
it's the only person in thereunder like, 5560 that was more
walking and I didn't make anyfriends. I wish I would have
been like, Hey, ladies kind ofwalk with you, but they're
(05:16):
walking kind of slow. And I waslike really trying to like, get
this thing done. Um, yeah.
I love what do you what do youdo as the old person? Um,
I don't I,I was like, I'm not an old
person. Right now.
I think I just catch myselfrealizing that I'm the older one
in the room more than notlately, which I mean, I'm, let's
(05:38):
face it, we're not that old.
But, um, especially in my lineof work. I work with a lot of
younger nurses. And I just likesometimes I'll intentionally say
stuff to be silly, just becauseI know, but like, you know, just
even knowing a certain show oranything like that. But the
(05:59):
other day I did.
Just to be funny, but it just Ithink it
showed my goofiness more than mebeing all that it's an old
school joke. But I came into theroom and I had been failing
myself not going to do themotion today, because nine days
out of the gym, and so I'm gonnabuild myself. But I came into
(06:20):
we're gonna be one of theyounger nurses on her and I joke
around all the time, and I waslike,
Hey, did you get invited in thenshe was what what it was like
But my fears, I had my you know,working out at the gym, and, you
(06:43):
know, stuff like that. I thinkother than that, I'm, like,
freaking catch myself talkingabout the weather. And I'm like,
is this really worth talkingabout right now? I'm so
nice outside man. Yeah. Gosh,there's just like, you know, the
breeze.
I had my coffee outside in themorning because it was just such
(07:03):
a beautiful day.
So it's funny. There's this.
There's this viral sound on TikTok. I don't know if you've
heard it, but it's like so tothe older generation on Tik Tok,
and it's all you know, those ofyou born in the late 90s. And
(07:23):
hold on young people.
What, like not even early 90s.
Like leadgeneration. What am I in it? I'm
not even in that group. It'slike call them
if they're old. Like what am I?
Yeah. What is that?
Oh,buddy. Prime. Absolutely. You
(07:44):
just got back from Thailand?
Yeah. Living with elephants,right?
Yeah. On the beachdrinking dream. 18 year olds
ain't ain't gonna get her. Oh,my goodness.
That's not what they say. No. Wesaid turn. What do they say? No.
(08:07):
What do you see that what youjust did? It's an old person
thing, saying what do they say?
What are the kids talking to?
That's basically what you justsaid. I don't know what they're
saying is the sad.
Well, text Junior Leaderis still a thing. It's lit. Now.
(08:28):
All right. But before we moveon, it's 2022. Kids who were
born in 22,000 are 22 years oldthis year.
Yeah. I was calculating when yousaid late 90s. And I was like,
Well, I mean, they're over theage of 20. That's the older
(08:51):
generation. That's the oldergeneration.
So weird. These kids really notcoming for your throat.
We're moving out. Yeah.
We've been out of the cool crowdfor a while. Yeah, yeah. Oh,
well, you know, you know, whatis cool, is being aware of
(09:12):
what's happening in the world.
And today, so I had an idea totalk about the more act today on
the show and what I wanted to soit's kind of so the more act and
I have the the bill pulled uphere is the marijuana
opportunity, reinvestment andexpungement act. So that's
(09:36):
called the Moore act. And it isa bill that decriminalized
marriage decriminalizesmarijuana and it just passed the
House. This month, just justlike a week, week and a half
ago, I believe maybe less but Ireally wanted to talk about All
(09:58):
this Act and the history of thelegality and criminalization of
marijuana, what the more bill isand what it does, and then
really talked about likemarijuana and money, cannabis
and money, because there is areal intersectionality between
(10:20):
this industry andjustice in general, right,
historically, especially incommunities of color and low
income communities. And there isa big industry being built. Now,
(10:40):
this is going to be more of afree form conversation, because
we really wanted to talk aboutsomething that's really very
much still developing. This Actpassed, passed the House, it
still would need to go throughthe Senate, the Senate. And you
know, a lot of the experts aresaying that it's it probably
(11:04):
won't pass the Senate. It's,it's going to hit a lot of a lot
of contention with the Senate.
But I do think that there's alot to talk about in the vein of
marijuana and money. And sothat's kind of what I wanted to
(11:25):
chat about today. And, you know,just kind of see where the
conversation goes. It's notsomething I mean, you know,
we're not experts on this,currently, and oh, my Vaseline
watching last episode, EPS twoepisodes. Um, so. So that, you
(11:49):
know, there's a lot a lot for usto talk about. And, yeah, so I
just wanted to really kind ofstart with talking about the
history of marijuana legality,and really just kind of see, you
know, where the conversation cantake us. But, so one of the
things so did you know thatAmerican hemp production was
(12:10):
encouraged through the 17thcentury. So it was encouraged in
the 17th century for theproduction of rope, sales, and
like, both so these are boththings for sit for ships, right
and 17 century and 16 1600s, andclothing. So him was actually
(12:38):
the in 1619, the Virginia, theVirginia assembly, they pass
legislation which actuallyrequired farmers to grow hemp.
And hemp was actually allowed tobe an exchange of legal tender
in Pennsylvania, in Virginia,and in Maryland. So, you know, I
was kind of going through this,like timeline of the history of
(12:59):
marijuana, and the history ofcannabis, the plant, and I saw
this, and it's not somethingthat I didn't like conceptually,
no, like, I knew that hemp was awas a big crop in the past. But
the fact that it was encouragedand actually, they passed
(13:21):
legislation, requiring everyfarmer to grow hemp in 1619, the
Virginia Assembly did, wow. Anddomestic production was huge in
the US of hemp products, untilafter the Civil War, when
imports of other domesticmaterials started to replace him
(13:46):
for many purposes. And also, youknow, cotton was a big crop in
the United States. We won't godeep into the cotton crops, but
um, you know, that there werethere was like, a trade off.
Right. But it didn't. It wasn'tuntil the 1930s that marijuana.
(14:09):
So during the Great Depression,marijuana fears started, because
in the 1900s, to the 1920s,there were a there was a lot of
immigration from Mexico into theUnited States. And as Mexican
immigrants began to come intothe United States more with
them, they brought recreationaluse of marijuana the flour,
(14:33):
right, which wasn't a problemand it never became never, it
didn't become a really bigproblem until the Great
Depression when massiveunemployment increased the
public resentment for forMexican immigrants and started
to villainize the idea ofmarijuana for recreational use
(14:56):
before that marijuana was wasused in Um, in all kinds of
different things, it was usedmedically, it was used all kinds
of different things. But it'slike, we have this history in
the United States of a truepizza being like, yeah, where
it's like, Okay, that's cool.
Oh, it has all these, thesethings that we can use it for.
(15:17):
And, you know, we can create,you know, there were clothes and
textiles, and all kinds ofthings being created out of it.
And then somehow, it seems likethis idea of white supremacy
creates a villainous ation ofsomething that was otherwise
(15:37):
harmless, right? And then, like,kind of creates a situation
where now this this thing isjust this, you know, oh, my
gosh, I can't believe this. Andthen that's where, like the
criminalization of marijuanastarted. And so we know that
marijuana being illegal hashistorically affected
(15:59):
communities of color, low incomecommunities, in a really, really
hard way. You know, we gotmillions of people in prison for
simple marijuana charges, youhad the three strikes rule, and
you know, all this garbage thatcame out of the war on drugs,
but we can kind of look back andsee that that all started in
stemmed from an irrational fearof others, right, folks who are
(16:23):
different. And so I kind ofwanted to just like, you know,
plow on that. And like, youknow, I know that you you've
been doing a lot of research onthis subject, since we decided
to talk about it as well. And,you know, I, you know, I just
like, What are your thoughts onthat?
Yeah, I mean, I agree a lot ofpeople, you know, you hear only
(16:46):
gay, they're going to legalizemarijuana, and you think it's
like, wow, there's like tworeactions, right? You're so
excited, because you're like,Oh, yay, everybody can just
smoke for free, really. And, youknow, it should be
decriminalized. And you know,there's a million reasons why it
should be decriminalized formedical medical. Yeah. You know,
(17:08):
for the exact reason of, youknow, criminal justice. Justice,
it's not, you know, any more, inmy opinion, it's no more harmful
than tobacco or alcohol. Ifanything, it's much less
harmful, less, in many ways. Youknow, there's so many medical
(17:31):
purposes that I've seen, just,you know, my 13 years of nursing
and read about and research, so.
But there's so there is almostalways when something like this,
like you said, has a benefit, orfor a long period of time had
the benefit of like persecutinga specific group group of
(17:55):
people, you know, or, you know,I had a carpeted agenda of some
sort, that, if they are going togo ahead and legalize, and
they're not going to do itwithout it still working in
their favor, you know, it'sgoing to end so a lot of people
have to be careful, becausethere's always these underlying
(18:19):
agendas, or, yeah, things thatare no 100%.
But I like what you were, whenyou brought up earlier, the bill
itself, like, what's actually inthe bill?
Yeah, so and I actually want toshare my screen, and we'll read
it out for those of you who arelistening, but I wanted to share
(18:42):
my screen because one thingthat's, that's always important
for me, whenever I kind of startlooking into any type of of
legislation or law is, I alwayswant to pull up the actual
verbiage of the legislationitself. And so as I pull this
(19:04):
up, so we can see, you know, themarijuana opportunity,
reinvestment and expungementAct, or the more act, and what
it states is that this billdecriminalizes marijuana, so
that's this the stated purposeof this bill. Specifically, it
removes marijuana from the listof scheduled substances under
the controlled substance act,and eliminates criminal
(19:27):
penalties for an individual whomanufactures distributes or
possesses marijuana, and this isat a federal level, right. So
states would still be able to,to create some of their own
regulations at the state levelaround it, but at the federal
level, it would, it wouldeliminate any criminal penalties
(19:51):
for anyone who grows,distributes or possesses
marijuana. And manufacturers canbe whether you're Farming it and
actually growing it or you'repackaging it or, you know any of
that. And, but the bill alsomakes other changes, including
the following, right. So itreplaces statutory reference to
(20:13):
marijuana with cannabis. Sodifferent spellings. So it has
it. So it's we're not justtalking about marijuana, now
we're talking about allcannabis. And then it requires
the Bureau of Labor Statisticsto regularly publish demographic
data on cannabis, businessowners and employees. So this
one, I think, and I'll bring itback up, but this one, I think,
(20:39):
is is really important. So itrequires the Bureau of Labor
Statistics to regularly publishdemographic data on cannabis,
business owners and employees.
So, like, when you hear that,what does it make you think of?
Um, just reporting on like, topbusiness owners, you know, is
(21:00):
that what you're referring to?
Yeah,so it's saying that, like, the
Bureau of Labor Statistics isgoing to have to publish data
saying, Who? is owning cannabisbusinesses? You know, what are
the the areas, the locations,the socio economic statuses, you
(21:20):
know, what are the, thedemographics, right? Male,
female, you know, black, white,Mexican, or sorry, Latino,
other?
Why does that even.
So, like demographic data, like,race, you know, ethnicity, all
(21:46):
of these things. Now, are onereason why they may want to do
this is because it doesestablish a trust fund to
support various programs andservices for individuals and
businesses and communities thatwere impacted by the war on
drugs. So without thedemographic data, it would be
hard for this trust fund to takefor them to be sure that the
(22:10):
these funds are being properlyallocated to the communities
that were impacted by the war ondrugs. So I believe that is why
that bullet is there. But thenit says that it would impose an
excise tax on cannabis productsproduced in or imported into the
United States, and anoccupational tax on cannabis
(22:30):
production facilities and exportwarehouses. So this is this is
that money piece, right?
Cannabis is already a prettyheavily taxed industry, from
state at the state level. And sothis is now imposing taxes at
the federal level for being in,in the cannabis industry. Okay,
so arguably, taxes are required.
(22:55):
Yes, of course. But my questionis, where's that money gonna go?
What's it going to be used for?
And speaking out? So we weretalking about this a little
earlier in the Okay, soaccording to the Arizona
Department of Revenue,recreational market brought in
(23:18):
600? Well, nearly 650 millionis that for 2021?
From 2020 to 21, the wellestablished medical market has
been in existence for a decade,recorded 758 million in sales,
total and 2021. With both,according to ATR, which I don't
(23:43):
know what that stands for.
Anyhow, Arizona Department ofRevenue, there you go. I just
read it up there. Um,so that's a huge amount of
money. Basically, where have weseen that money specifically go?
And it's, you were saying it'ssupposedly supposed to be a lot
(24:03):
of it going back into educationon here. So NBC did a. Again, I
just want to pull this up. SoNBC, they published, when was
this just a couple of days ago,right? So on March 17, they
published an article talkingabout how states are fighting
(24:25):
over what to do with thismarijuana money, right. And so
what they're talking about is,and I'm pulling this up on the
screen, so if you're on ifyou're, if you're on YouTube,
you'll be able to see this, butonly four states spent marijuana
tax revenue on restorativejustice and cannabis equity
(24:49):
program. So we'll come back tothat. But they have this
interactive data slicer here,and it shows how States spent
their marijuana tax Rev. anydifferently. So Arizona, so I
have it slice down to educationand Arizona says that they spent
it looks like right around 50%of revenue on education. Now, I
(25:11):
would love to hear from some ofmy, you know, connections,
people who are in the educationindustry, because I know for a
fact that one of the biggestquestions is, is this marijuana
revenue, this tax revenue goingto the right places in
(25:35):
education? Or is it going to,like high paid administrators,
superintendents present, youknow, presidents of universities
and things like that? Where isthis money actually making it to
the students? To the teachers?
Right? We're there we'resupposed to recently sound like
(25:58):
it has, it doesn't sound like ithas, right because, you know, I
have friends who are teachers,and you know, the the suppose it
raise that all educators orfolks in education got, it seems
like teachers got the smallestportion of that. And I have a
student who's in in ArizonaSchool District, and as far as
(26:22):
revenue for, for differentthings for our students. We're
still struggling there. And soif we look at Nevada, is
reporting that they spent 100%on education, and that was
always their, their promise whenthey went through their whole
legalization process. Iremember, Nevada talked about it
being you know, all of the taxrevenues going to their
(26:45):
education system. But when welook at, so we'll come back to
the cannabis equity andrestorative justice. So cannabis
equity and restorative justiceprograms would be programs that
go into correcting some of theinjustice is, you know, when we
(27:06):
have people who are in prison,because of the three strikes
rule, we have people who havebeen, you know, communities who
have been disproportionatelytargeted for marijuana or
cannabis crimes. Only Illinois,so Illinois, California,
Colorado and Massachusetts werethe only four states that put
any money into restorativejustice and cannabis equity.
(27:30):
Illinois says that they spentabout, if we look up at this
one, it's just under 25%.
California and Massachusetts arethe next spenders. And it looks
like just under two and a halfpercent went into restorative
justice. And then Colorado, itlooks like it could be
(27:50):
potentially at about 1%. So whenwe're thinking about now we have
this. Now we have this bigindustry that is generating huge
sums of money, according toaccording to state general funds
were the biggest recipient ofmarijuana cash last year,
(28:13):
according to NBC, getting 494million in total. And then
education came in second place.
405 million, but again, remembereducation. The largest state to
give any for education wasNevada, followed by Arizona. And
then the question there is whereis this education money actually
going. But if I look at I had aForbes article up from let's
(28:37):
see, this is from Forbes, April2022. So just a few days ago,
and Forbes in their breakdown ofthe more act, they outlined that
the legal industry, the legalmarijuana industry, generated
$25 billion in sales last year,which was a 43% increase over
(29:03):
2020. And then that industry isexpected to hit $65 billion by
2030. Now, a couple of things tothink about and I want to bring
this back to Money real quick.
So there are a lot of marijuanabusinesses large, whether it's
(29:27):
manufacturing or grow, orgrowing. Businesses that are
being created and invested inand yes, there are some
marijuana stocks that are on onthe stock exchange. You know, if
you if you were to, I canactually I'll add this yahoo
(29:48):
finance piece that has a 420stock watch list. But if we look
at all of this money that iscoming in from marijuana to
production, and then we thinkabout, okay, where does the
average person have theopportunity to capitalize on
this type of investment? A lotof these businesses are being
(30:12):
funded by angel investors, or,or, oh, goodness, my brain just
went, just went blank. So angelinvestors or
hold on, this is going to haveto be edited out oh my god.
(30:38):
Another wordyou're looking for sorry.
Okay. Peter, start back here.
So a lot of this money is beingput into the is being put in, by
angel investors or by ventureventure capital money. So these
are millionaires andbillionaires who are injecting
(31:00):
money into, you know, startups,right. Cannabis Business
Startups, and they have theopportunity to reap enormous
benefits as these businessesgrow, and then when they go
public, right, because that's alot of the time what's going to
(31:20):
happen is they're gonna getventure capital money, they're
gonna grow, and then they'regonna go public, on the stock
exchange get get, ideally a hugevaluation, and then folks who
were early investors are goingto reap gigantic benefits. But
those opportunities aretypically not available to the
average person, right? If youdon't have, you know, a million
dollars or half a milliondollars to put into one of these
(31:42):
businesses, then you're not evengoing to be able to come to the
table. And so even when, sorry,go ahead.
Are there even that many ofAmerican based companies that
you can even invest in currentlyin that market?
Um,there are there are some there
are some marijuana stocks thatare that are US based for sure.
(32:07):
There's a there's a good numberof them. Now, are there a lot
that these are, these are almostall small cap, you know, small
market capitalization. Sothey're startups, they're
smaller businesses, they don'thave a lot of history behind
them. And then also, the waythat the way that finance is set
up for cannabis businesses,because it is federally illegal,
(32:30):
it becomes it becomes a littlebit tricky for how they have to,
to manage their finances. And sothere's, there's a lot of risk
involved, right, because there'sso much turmoil around the
legislation behind it. So thereis a lot of risk involved right
now. And so that's, that's agood question. Now, there's,
there are a lot of thesecompanies in Canada, and there
(32:54):
are, you know, a bunch ofdifferent companies. I think, I
can't remember what the name ofthe company that snoop.
Oh, really? Yes.
So snoop. So there's a medicalcannabis firm that's backed by
(33:16):
Snoop, you know, as of mid lastyear, so Casa Verde. So he has,
so Snoop Dogg is invested inmultiple cannabis startup
startups, including ocgt throughhis venture capital firm Casa
Verde. So that's one of thecannabis stocks that that Snoop
(33:39):
is invested in. And again, asyou notice, Snoop Dogg has
invested in multiple cannabisstartups, including ocgt through
his venture capital firm, CasaVerde. So the British company
which specializes in pain,alleviating cannabinoid drug
development raised the grossproceeds of us $23.4 million in
(34:03):
initial public offering, whichstarting with starting market
value of just over 69 point 1million, even in Canada. No,
no, this is this is a London.
This is a London based company.
But snoop. His firm also backsplant based food companies and
(34:27):
different stuff like that. Butthe fact that he's doing this
through his venture capital firmis a kind of going to what I was
saying prior where if you don'thave a an enormous amount of
funds to invest, you're notgoing to be able to get in on on
the beginning stages. And sowhat I'm trying to connect here
(34:48):
is that this is still a anexclusive club, if you will,
right. So laws around marijuanahave Historically, and
disproportionately affectedcommunities of color and low
income communities, puttingpeople in jail and in prison for
(35:09):
the smallest amount of, ofmarijuana possession, right for
a drug that, and I've got somesome stats here are some facts
here but has been many timesover studied and proven that it
is not a harmful substance. Itis not a substance that leads to
anything violent. And it is nota substance that leads to
(35:32):
hardcore drug use. But now thatthere is a business being built,
more a mainstream business,right, because it's been a
business for for a long time.
In, you know, a lot of you know,folks might say, well, that's
that's not a business, that'sillegal activity like okay,
well, it's been a business for along time. But now it's becoming
a legal business. And there is apotential for the US government
(35:56):
for big business to make a lotof money off of tax revenue.
Now, there's becoming thisability and access to, to
wealth, through investment inthese type of businesses, access
to money and capital through taxrevenue, but it is still an
(36:18):
exclusive club, where theaverage person is in a lot of
ways excluded. And then thequestion of okay, well, what's
happening with the restorativejustice is still very much at a
turtle's pace. It's kindof like when so when Arizona
originally legalizedrecreational, well, even before
(36:44):
that, when there's no, I guessit was in the same token, so
part, there's two parts of that.
First, when they legalized it,you know, they had these and I
don't know all the exactdetails, but from what I
understand, there were like acertain number of licenses that
(37:05):
were available to be able tohave, you know, a recreational
shop in Arizona somewhere. Andthen it was originally allotted
to, you know, the people thatalready had businesses were
allowed to apply first. And thenthere is a light, which is good,
(37:26):
but also bad, because thenthere's, like you said, a lot of
those people who have the fundsto do so. And that leaves out
the common person down herebeing able to apply for a
license and start their own jobwithout having an incredible
amount of money to do so in notso roundabout way, right?
It will end in a ridiculouslyfruitful and growth industry,
(37:51):
right? a growth industry is anindustry where there is an
enormous opportunity for futuregrowth and market share. So in a
business where, again, there wasan exponential year over year,
increase in revenue, right 43%,year over year is a gigantic
(38:16):
increase in revenue. Huge. Andso when you have that type of a
business, that is a massivewealth generating vehicle,
massive now, if we go back tothe to the House bill, the next
thing on the on the bullet is itwould make the Small Business
(38:38):
Administration loans andservices available to entities
that are cannabis relatedlegitimate businesses or service
providers.
So what that says is, it wouldliterally take the Small
Business Administration, whichis one of the largest loan
(38:58):
making businesses to, to new tonew businesses, right, giving
access to capital to folks whoare trying to start new
businesses, but perhaps don'thave access to venture capital
or access to mommy or daddy'smoney or those, those
connections through long termfamily ties, giving access to
(39:22):
loans. So that's another thingthat would protect that good. So
now let's see, they're lookingat okay, now we're looking at
demographic data, then we'relooking at supporting various
programs for individuals andbusinesses and communities
impacted by the war on drugs. Soneighborhoods that have been
(39:43):
historically torn down since youknow, the the 1950s torn down by
these these problems. When welook at a lot of the just big
challenges that were or createdfor, for people who had issues
(40:04):
with marijuana convictions. Andthen it would prohibit the
denial of federal public benefitto a person on the basis of
certain cannabis related conductor convictions. So there are
folks who have had cannabisrelated convictions, who then
get out of prison after aridiculously long and unfair
sentence. And now they havetrouble getting back on their
(40:26):
feet, or actually being able tostart a business or, or get
access to loans access to, um,to services and different things
that they might need to get thatleg up because of something as
silly as a marijuana conviction.
And so this is where it's like,all of that is kind of wrapped
up together. And and where someof the challenges with the
(40:50):
question of well, Will it passthe Senate? Well, it'll pass
once enough people are able tomake enough money and the way
that things are going now, thequestion is, how inclusive will
it actually be once it makes itthrough? Right? Or at least
that's the question that I have.
(41:11):
Yeah.
I mean, I don't know. I don'tfeel like it's ever going to be
what we want it to be, which is,I think, a lot of times why it
has also failed in the past,because people do know, you
know, the people that are outthere helping these bills get
passed, are aware of theseinjustices that are still that
(41:32):
still lie within it. And theycan, you know, they're able to
say no, like, it's not ready yetdon't pass this bill, this is
going to do us more harm in thelong run than it is in the
future. So I mean, as in the,like, current, but I don't know
how much better they'll make it.
(41:54):
People are also tired, and itdoes have a lot of good
components to it. So there's apart of me that feels like,
eventually it's going to getpassed, and they're still going
to be some of these things thatdon't make it fair. No. Yeah.
Still, no. Yeah,I mean, you know, here, a couple
of other things. So it prohibitsthe denial of benefits and
(42:16):
protections under immigrationlaws on the basis of cannabis
related events, like conduct orconviction. And then it
establishes, so we know thisone's going to be a big one,
right? It prohibits denial ofbenefits and protections under
immigration law. Immigration isa big hot button with a lot of
folks. And so that's, you know,that's one that that probably
(42:39):
raises questions right as itmoves to the Senate establishes
a process to expunge convictconvictions, and conduct and
conduct sentencing reviewhearings related to federal
cannabis offenses, and thendirects the Government
Accountability Office to studythe societal impact of cannabis
legalization. So this based onthese bullets, this seems like a
(43:04):
really inclusive bill. It seemslike it is laid out in order to
correct issues of the past, makesure that this new industry that
is growing and has so muchgrowth potential and wealth
potential is inclusive. And thenalso looks at making sure that
(43:28):
as we continue to go throughthis is looked at reevaluated to
continue to make sure that it ison par with what is with what is
ideal. And I wanted tobut I think a lot of people are
gonna let it pass because of alot of those things
(43:50):
because of those things becauseof the good things that are laid
in. Right. So rep representrepresentative Jerry Nadler is
the person who offered up thisbill. And on April 1, he he
mentioned and this is somethingthat he put out on Twitter, the
(44:13):
House is considering my bill,the marijuana opportunity
reinvestment and expungementAct. This bill will reverse
decades of failed federalpolicies based on the
criminalization of marijuana. Sothis representative Nadler and I
you know, I don't know himpersonally, I'm not, you know,
(44:33):
for against whatever. But he isexplicitly stating that this
bill, he designed it to reversedecades of failed federal
policies based on thecriminalization of marijuana and
he went on to say it would alsotake steps to address the heavy
(44:54):
toll these policies have takenacross the country, particularly
among committee Cities of color.
He said, For far too long wehave treated marijuana as a
criminal justice problem,instead of a matter of personal
choice and public health.
Whatever one's views are on theuse of marijuana for
recreational or medical use, theChairman said the policy of
(45:15):
arrest, prosecution andincarceration at the federal
level have proven both unwiseand unjust. The amount of money
that is wasted pursuingmarijuana convictions,
incarceration, and issues can somuch better be used on education
(45:35):
on justice reform on so manydifferent things. And, you know,
am I a politician, like,Absolutely not. But I think for
the purposes of, of what we talkabout with forward motion, I
think the biggest piece is theeconomic side of it. And, you
know, just the money side of themarijuana industry that is
(45:59):
growing, and wanting for, ifthis is an avenue for wealth
building, I want this avenue tobe available, if this is if this
is going to be a legal avenuefor building wealth, right? I
want it to be available toeveryone.
Well, and especially availableto the people that have created
beneath for the business, like,you know, these people have been
(46:24):
trying to legal, you know, like,legally do this for a long time,
for whatever the case, mayberecreational or medical or
whatever, like this, you know,substance that is far less like
I've said, it's less harmfulthan alcohol, tobacco, you know,
(46:46):
no one's out there driving a carand killing somebody.
Because their domesticissues domestic violence, yeah,
there's none of that going on.
And yet, they've beencriminalized so hard for this
for so many different reasonsand agendas. And now you're
like, Finally, like, Okay, youguys were right, all this time.
(47:07):
There's a whole bunch of reasonswhy it shouldn't be illegal, but
we're going to be the ones thatare going to take it over and
make the money out of it, andmake it completely impossible
for you to have any part in it.
Other than paying me now for it,and I'm gonna make money off of
you for like, I just doesn'tknow.
(47:29):
Or, or if you're already in thebig money club, right? If you're
already.
Because, you know, I'll just sayit, like
politicians are known for, formaking a lot more money in the
stock market than they do, youknow, as, as politicians. I
(47:50):
don't have anything against thestock. But you know, the stock
market, of course, I'm a bigproponent.
But if the communities thathave been decimated for decades,
overthis plant, aren't going to be
able to to have a seat at thetable and a big seat at the
(48:12):
table, right, multiple seats atthe table, when it pertains to
creating the reform, and thebusinesses that that are
springing from this, and thenthe, the the wealth that is
going to be generated for yearsand years and years and years,
and should be receiving that.
And, yeah,that's, that's a big, big one.
(48:33):
For me. And, you know, we, whenwe think about this business,
this this, this thing, thelegalization right is creating
jobs, it's creating a lot ofjobs for a lot of people. It's
creating businesses, wherepeople are owning businesses,
and businesses creategenerational wealth. And so
(48:55):
having the but but it has a highbarrier to entry or cost to
entry. It isn't a low startupcost business, right? This is a
business that requires like alot of licensing, you know, a
lot of regulation, a lot of allof these things that take a lot
(49:15):
of money. So your average personwho, you know, really needs the
opportunity to to get ahead andmight might have the mind for
running this type of businessmay not have access to it. And
so i i You know, I pulled up anarticle from Investopedia that
was talking about the economicbenefits of the legalization of
(49:37):
cannabis. And so I want to readin just talk about from this
article, the investmentopportunities that they talk
about. legal marijuana presentsthe possibility of tremendous
benefit to active economies onthe local and national scale. It
also could help to secure theinvestment portfolios of
(49:57):
investors across the country.
and further afield as well.
While marijuana marijuanaremains illegal on the federal
level, it is difficult forinvestors to capitalize on the
growth of the industry becauseexactly what they're saying
they're they're just what I'msaying this industry is growing
at a crazy rate. But the averageinvestor is not having as much
(50:20):
access to capitalizing on thisgrowth because of these
legalization issues. The numberof marijuana related companies
trading on public stockexchanges is miniscule. While
investors do have the option ofworking with the over the
counter exchanges, many of themost successful businesses in
the early legal cannabis spaceshave been based in Canada or
(50:42):
other countries, shouldmarijuana become legal on the
national level marijuanacompanies would be free to list
their stock on all US exchanges,thereby enhancing liquidity and
opening up access to many moreinvestors. Should the growth
rates for the cannabis spacecontinue as they have in recent
years, it's likely thatinvestors would express a keen
(51:04):
interest in the industry. Soright now we have a a, an IT
crazily growing market. But ifyou don't have venture capital
dollars, or if you don't have,you know, huge access to
capital, and access to beingable to invest in these in these
startups and early stages,overseas, across borders, or
(51:25):
huge amounts of money to put inat these early stages, we're
missing out. And right now we'rein the exponential growth stage
where, you know, people aretaking half a million
1,000,020 5 million, whatever.
And they're turning it intopotentially billions of dollars
(51:46):
over the next decade. Right. Butwhat about the average person?
And that's where this type oflegislature where, you know, I
can't campaign for or against,like, that's not something that
as a nonprofit we can do. It'sexplicitly not not available,
(52:07):
but I can't share an opinionand, and an opinion for me is,
it's important that access towealth building vehicles is
available to everyone and everyfamily in the United States. And
this is a big one.
Yeah, I mean, I agreewith everything you just said,
There's far too many reasons whythis bill should pass and move
(52:31):
forward and afford all of these,you know, companies, businesses,
communities, there's benefitsthat they've been ripped off,
people should not be sitting ina prison cell for this plant.
You know, what I mean? Like,there's just no way in my mind
(52:54):
that any of this justifies beingbehind bars?
So no, not at all. Looks like welost your video, Sara. But that
is absolutely correct. And so,you know, I guess my
(53:14):
encouragement to everyone outthere listening is research,
right? Stay on top, this is anemerging market. Emerging
markets are very, veryimportant, right? This is, this
market financially is no lessimportant than renewable energy.
(53:34):
Right? When we look at emergingmarkets, and we look at markets
that have exponential growth, wehave to be on top of our
research. So finding and readingas many articles as you can,
understanding what the businesslandscape is in your state and
across the country,understanding you know, what
access to investments there aretoday and are there any that
(53:57):
that after you you do a thoroughbreakdown, you say, You know
what, I believe that based onhow this is being set up, based
on the landscape of what I thinkis going to happen, I believe
that this business has potentialfor, for growth, and, you know,
perhaps this is somewhere whereI might put 1% or, or 2% of my
investment portfolio for thelong term. These are the type of
(54:22):
things that as you know, theforward motion family as regular
people as individuals out there,just, you know, doing everything
that we can to buildgenerational wealth for for
every individual family, from afrom a a stock portfolio and
investment standpoint, this isdefinitely something to research
(54:42):
to stay on top of and to and tobegin to understand. And, you
know, I'll I will make sure thatin the show notes on on the
on the pagefor where we post, whether it's
on YouTube or Spotify orwherever, I'll make sure that I
have some resources, someresearch tools available there.
(55:05):
But outside of that, I mean, youknow, we have to look at where
history has brought us from. Andas we start to see these changes
start to happen, it's importantthat we're aware, it's important
that we're vocal as individualsas citizens about what we want
to see. Right. That's where, youknow, calling your your congress
(55:25):
people calling your Senators issomething that's really really
important.
But outside of that letter beingpassed, knowing about them read
on them and you know, have aninformed vote.
Yeah, have an informed opinion.
Understanding you know, thepeople that you're putting in
office and you know, what, wheredo they stand do they do they
(55:48):
stand in line with what you'dlike to see going forward for
your community for for thecountry, right, those are very,
very important pieces. Sohopefully this has sparked you
know, thought and sparked youryour want to research and and
look at this in more depth. Thisis something that is definitely
(56:09):
an ever evolving, and it's stillan unfolding topic. So we'll
keep an eye on it. But follow usfor more you can follow forward
motion on Instagram and Facebookat forward motion AZ, our
YouTube channel where hopefullyyou found this or you can find
more of our resources, ourvideos and podcast recordings is
(56:33):
moving forward. One family at atime on YouTube. That's the name
of the YouTube channel. We havea bonfire store where you can
get merchandise. You can get Tshirts, kind of like like this
one here. This one says it's agenerational wealth thing and it
has kind of a dream like you andyour family on bonfire and and
on Facebook, and then you candonate because we are a
(56:59):
nonprofit. And so everything wedo, does rely on donations from
listeners and viewers like you.
So forward motion az.org/donateAnd then I'm money manda on tick
tock so trying to try to get theTick Tock thing going. I'm
having some fun over there andhaving some great conversations.
(57:21):
So join the conversation on ticktock as well. Thank you, Sara.
Anything you wanted to add?
No, thank you for theconversation today. I'm Sarah.
I'm not on Tik Tok. Maybe oneday, but a man is the one that's
famous right now we'll let herhave that.
I'm part of the older generationon tick tock or the ancient the
(57:42):
ancient generation on tick tockI guess the older than the late
90s Crowd apparently.
Oh my goodness, Lord.
Yeah. Thanks for having fun withus today guys. Do some research.
Yeah, so investing. I'm notthis. Yeah.
Thanks. Thank you for motionfamily. We'll catch you guys
(58:03):
next time.
Somebody if you want to go somewhere you bet
Alright, so here we go okay, allright. Hey guys, it's Sarah from
(00:43):
forward motion. Hey guys it's meAmanda Welcome to the get your
money right podcast brought toyou by forward motion
forward motions mission iscreating generational prosperity
one family at a time. And hereon the get your money right
podcast we talk about everythingfrom money to career to
(01:04):
nutrition to everything thatgoes into getting your money
right. And today we have areally special episode for you.
But before that, I think Sara,do you have something a question
for us?
Sarah Schroeder (01:19):
I do I have a question for you mostly? Oh, no,
because I know this is gonna bea great answer. I already know
some of the things you do. I'mcurious. It's a thing as to the
things you think you do. Butwhat are things that you do?
Like funny old person things?
Unknown (01:35):
Oh, okay. So yesterday, I actually did. Daily Mail
person. go day by day. So I am.
I'm an old person at heart. Ilove old people. I think they're
so cool. I can't I really hopethat I am like an old person
with zero filter. Many signalsso many. We were like, very,
(01:58):
very young. Yeah, I. Soyesterday, I need some new
shoes. And I'm really horriblewhen it comes to like going
shopping for clothes for myself.
And so I was like, I got a wildhair. And I was like, Okay, I'm
in the mood to go get shoes. SoI'm gonna go and look. And so I
(02:22):
get to the mall. And now themall opens at 11 o'clock. Like,
like it's open. So you can likego in like Arizona mills. So you
can like go in there. Butnothing, none of the stores open
until 11 o'clock, like what isthat? And I got there at 10
thinking everything opens at 10.
So I get there, I'm an hourearly. And I'm like, man, like
if I leave, I'm probably notgoing to get shoes for months.
(02:45):
And I really, really reallyneeded some new tennis shoes.
And so I see these two oldladies and they walk past me and
I'm like, walking our walkers.
It's walking our so in Arizonain Arizona mills. For the
(03:05):
longest time, old ladies hastypically have been going in
Arizona Mills before they openand they do laps around the
mall. It's a circle. And becauseit's a circle, and it's a pretty
big, it's like a decently sizedcircle. So to do one full lap,
it's about 15 to 20 minutes,depending on how fast you're
(03:26):
walking. And I was like, oh mygod, I'm joining like the old
lady mall walking crew thismorning. I'm just gonna because
I because I was going to go tothe gym and walk on the
treadmill after getting shoes.
And I was like, I'm totallygoing to like stay in here in
this air conditioning. I'm gonnawalk around this mall for the
next hour and then I'm going togo into the thing so that was
(03:46):
like my most recent old lady orold person moment is I mall
walked for yesterday. And I wanti i did three laps. It was just
under an hour. And it was sofunny because like when I
started, I pass by, you knowdifferent people. And then on my
(04:09):
second lap, I'm seeing likepeople are starting to open up
their stores and differentpeople are like getting there
and they're waiting outside ofstores for stores to open and
people were kind of you know,people who saw me on my first
lap they're kind of like Okay,that's interesting. And and
other people were like, huh, andthen on my third lap I caught
eyes with a couple of store likeshop people shopkeepers. See see
(04:31):
that's how old I am. I seeshopkeeper like who says that?
And so I caught eyes with acouple of them and there's this
this young girl and she's likein I think I don't know like the
cinnamon bun place or whatever.
And she like catches eyes withme and I smile smile no more I
(04:55):
swear she like she like sidewith like sideways smiled like
oh your mom Oh, walkingis what we're doing today. So
it's the only person in thereunder like, 5560 that was more
walking and I didn't make anyfriends. I wish I would have
been like, Hey, ladies kind ofwalk with you, but they're
(05:16):
walking kind of slow. And I waslike really trying to like, get
this thing done. Um, yeah.
I love what do you what do youdo as the old person? Um,
I don't I,I was like, I'm not an old
person. Right now.
I think I just catch myselfrealizing that I'm the older one
in the room more than notlately, which I mean, I'm, let's
(05:38):
face it, we're not that old.
But, um, especially in my lineof work. I work with a lot of
younger nurses. And I just likesometimes I'll intentionally say
stuff to be silly, just becauseI know, but like, you know, just
even knowing a certain show oranything like that. But the
(05:59):
other day I did.
Just to be funny, but it just Ithink it
showed my goofiness more than mebeing all that it's an old
school joke. But I came into theroom and I had been failing
myself not going to do themotion today, because nine days
out of the gym, and so I'm gonnabuild myself. But I came into
(06:20):
we're gonna be one of theyounger nurses on her and I joke
around all the time, and I waslike,
Hey, did you get invited in thenshe was what what it was like
But my fears, I had my you know,working out at the gym, and, you
(06:43):
know, stuff like that. I thinkother than that, I'm, like,
freaking catch myself talkingabout the weather. And I'm like,
is this really worth talkingabout right now? I'm so
nice outside man. Yeah. Gosh,there's just like, you know, the
breeze.
I had my coffee outside in themorning because it was just such
(07:03):
a beautiful day.
So it's funny. There's this.
There's this viral sound on TikTok. I don't know if you've
heard it, but it's like so tothe older generation on Tik Tok,
and it's all you know, those ofyou born in the late 90s. And
(07:23):
hold on young people.
What, like not even early 90s.
Like leadgeneration. What am I in it? I'm
not even in that group. It'slike call them
if they're old. Like what am I?
Yeah. What is that?
Oh,buddy. Prime. Absolutely. You
(07:44):
just got back from Thailand?
Yeah. Living with elephants,right?
Yeah. On the beachdrinking dream. 18 year olds
ain't ain't gonna get her. Oh,my goodness.
That's not what they say. No. Wesaid turn. What do they say? No.
(08:07):
What do you see that what youjust did? It's an old person
thing, saying what do they say?
What are the kids talking to?
That's basically what you justsaid. I don't know what they're
saying is the sad.
Well, text Junior Leaderis still a thing. It's lit. Now.
(08:28):
All right. But before we moveon, it's 2022. Kids who were
born in 22,000 are 22 years oldthis year.
Yeah. I was calculating when yousaid late 90s. And I was like,
Well, I mean, they're over theage of 20. That's the older
(08:51):
generation. That's the oldergeneration.
So weird. These kids really notcoming for your throat.
We're moving out. Yeah.
We've been out of the cool crowdfor a while. Yeah, yeah. Oh,
well, you know, you know, whatis cool, is being aware of
(09:12):
what's happening in the world.
And today, so I had an idea totalk about the more act today on
the show and what I wanted to soit's kind of so the more act and
I have the the bill pulled uphere is the marijuana
opportunity, reinvestment andexpungement act. So that's
(09:36):
called the Moore act. And it isa bill that decriminalized
marriage decriminalizesmarijuana and it just passed the
House. This month, just justlike a week, week and a half
ago, I believe maybe less but Ireally wanted to talk about All
(09:58):
this Act and the history of thelegality and criminalization of
marijuana, what the more bill isand what it does, and then
really talked about likemarijuana and money, cannabis
and money, because there is areal intersectionality between
(10:20):
this industry andjustice in general, right,
historically, especially incommunities of color and low
income communities. And there isa big industry being built. Now,
(10:40):
this is going to be more of afree form conversation, because
we really wanted to talk aboutsomething that's really very
much still developing. This Actpassed, passed the House, it
still would need to go throughthe Senate, the Senate. And you
know, a lot of the experts aresaying that it's it probably
(11:04):
won't pass the Senate. It's,it's going to hit a lot of a lot
of contention with the Senate.
But I do think that there's alot to talk about in the vein of
marijuana and money. And sothat's kind of what I wanted to
(11:25):
chat about today. And, you know,just kind of see where the
conversation goes. It's notsomething I mean, you know,
we're not experts on this,currently, and oh, my Vaseline
watching last episode, EPS twoepisodes. Um, so. So that, you
(11:49):
know, there's a lot a lot for usto talk about. And, yeah, so I
just wanted to really kind ofstart with talking about the
history of marijuana legality,and really just kind of see, you
know, where the conversation cantake us. But, so one of the
things so did you know thatAmerican hemp production was
(12:10):
encouraged through the 17thcentury. So it was encouraged in
the 17th century for theproduction of rope, sales, and
like, both so these are boththings for sit for ships, right
and 17 century and 16 1600s, andclothing. So him was actually
(12:38):
the in 1619, the Virginia, theVirginia assembly, they pass
legislation which actuallyrequired farmers to grow hemp.
And hemp was actually allowed tobe an exchange of legal tender
in Pennsylvania, in Virginia,and in Maryland. So, you know, I
was kind of going through this,like timeline of the history of
(12:59):
marijuana, and the history ofcannabis, the plant, and I saw
this, and it's not somethingthat I didn't like conceptually,
no, like, I knew that hemp was awas a big crop in the past. But
the fact that it was encouragedand actually, they passed
(13:21):
legislation, requiring everyfarmer to grow hemp in 1619, the
Virginia Assembly did, wow. Anddomestic production was huge in
the US of hemp products, untilafter the Civil War, when
imports of other domesticmaterials started to replace him
(13:46):
for many purposes. And also, youknow, cotton was a big crop in
the United States. We won't godeep into the cotton crops, but
um, you know, that there werethere was like, a trade off.
Right. But it didn't. It wasn'tuntil the 1930s that marijuana.
(14:09):
So during the Great Depression,marijuana fears started, because
in the 1900s, to the 1920s,there were a there was a lot of
immigration from Mexico into theUnited States. And as Mexican
immigrants began to come intothe United States more with
them, they brought recreationaluse of marijuana the flour,
(14:33):
right, which wasn't a problemand it never became never, it
didn't become a really bigproblem until the Great
Depression when massiveunemployment increased the
public resentment for forMexican immigrants and started
to villainize the idea ofmarijuana for recreational use
(14:56):
before that marijuana was wasused in Um, in all kinds of
different things, it was usedmedically, it was used all kinds
of different things. But it'slike, we have this history in
the United States of a truepizza being like, yeah, where
it's like, Okay, that's cool.
Oh, it has all these, thesethings that we can use it for.
(15:17):
And, you know, we can create,you know, there were clothes and
textiles, and all kinds ofthings being created out of it.
And then somehow, it seems likethis idea of white supremacy
creates a villainous ation ofsomething that was otherwise
(15:37):
harmless, right? And then, like,kind of creates a situation
where now this this thing isjust this, you know, oh, my
gosh, I can't believe this. Andthen that's where, like the
criminalization of marijuanastarted. And so we know that
marijuana being illegal hashistorically affected
(15:59):
communities of color, low incomecommunities, in a really, really
hard way. You know, we gotmillions of people in prison for
simple marijuana charges, youhad the three strikes rule, and
you know, all this garbage thatcame out of the war on drugs,
but we can kind of look back andsee that that all started in
stemmed from an irrational fearof others, right, folks who are
(16:23):
different. And so I kind ofwanted to just like, you know,
plow on that. And like, youknow, I know that you you've
been doing a lot of research onthis subject, since we decided
to talk about it as well. And,you know, I, you know, I just
like, What are your thoughts onthat?
Yeah, I mean, I agree a lot ofpeople, you know, you hear only
(16:46):
gay, they're going to legalizemarijuana, and you think it's
like, wow, there's like tworeactions, right? You're so
excited, because you're like,Oh, yay, everybody can just
smoke for free, really. And, youknow, it should be
decriminalized. And you know,there's a million reasons why it
should be decriminalized formedical medical. Yeah. You know,
(17:08):
for the exact reason of, youknow, criminal justice. Justice,
it's not, you know, any more, inmy opinion, it's no more harmful
than tobacco or alcohol. Ifanything, it's much less
harmful, less, in many ways. Youknow, there's so many medical
(17:31):
purposes that I've seen, just,you know, my 13 years of nursing
and read about and research, so.
But there's so there is almostalways when something like this,
like you said, has a benefit, orfor a long period of time had
the benefit of like persecutinga specific group group of
(17:55):
people, you know, or, you know,I had a carpeted agenda of some
sort, that, if they are going togo ahead and legalize, and
they're not going to do itwithout it still working in
their favor, you know, it'sgoing to end so a lot of people
have to be careful, becausethere's always these underlying
(18:19):
agendas, or, yeah, things thatare no 100%.
But I like what you were, whenyou brought up earlier, the bill
itself, like, what's actually inthe bill?
Yeah, so and I actually want toshare my screen, and we'll read
it out for those of you who arelistening, but I wanted to share
(18:42):
my screen because one thingthat's, that's always important
for me, whenever I kind of startlooking into any type of of
legislation or law is, I alwayswant to pull up the actual
verbiage of the legislationitself. And so as I pull this
(19:04):
up, so we can see, you know, themarijuana opportunity,
reinvestment and expungementAct, or the more act, and what
it states is that this billdecriminalizes marijuana, so
that's this the stated purposeof this bill. Specifically, it
removes marijuana from the listof scheduled substances under
the controlled substance act,and eliminates criminal
(19:27):
penalties for an individual whomanufactures distributes or
possesses marijuana, and this isat a federal level, right. So
states would still be able to,to create some of their own
regulations at the state levelaround it, but at the federal
level, it would, it wouldeliminate any criminal penalties
(19:51):
for anyone who grows,distributes or possesses
marijuana. And manufacturers canbe whether you're Farming it and
actually growing it or you'repackaging it or, you know any of
that. And, but the bill alsomakes other changes, including
the following, right. So itreplaces statutory reference to
(20:13):
marijuana with cannabis. Sodifferent spellings. So it has
it. So it's we're not justtalking about marijuana, now
we're talking about allcannabis. And then it requires
the Bureau of Labor Statisticsto regularly publish demographic
data on cannabis, businessowners and employees. So this
one, I think, and I'll bring itback up, but this one, I think,
(20:39):
is is really important. So itrequires the Bureau of Labor
Statistics to regularly publishdemographic data on cannabis,
business owners and employees.
So, like, when you hear that,what does it make you think of?
Um, just reporting on like, topbusiness owners, you know, is
(21:00):
that what you're referring to?
Yeah,so it's saying that, like, the
Bureau of Labor Statistics isgoing to have to publish data
saying, Who? is owning cannabisbusinesses? You know, what are
the the areas, the locations,the socio economic statuses, you
(21:20):
know, what are the, thedemographics, right? Male,
female, you know, black, white,Mexican, or sorry, Latino,
other?
Why does that even.
So, like demographic data, like,race, you know, ethnicity, all
(21:46):
of these things. Now, are onereason why they may want to do
this is because it doesestablish a trust fund to
support various programs andservices for individuals and
businesses and communities thatwere impacted by the war on
drugs. So without thedemographic data, it would be
hard for this trust fund to takefor them to be sure that the
(22:10):
these funds are being properlyallocated to the communities
that were impacted by the war ondrugs. So I believe that is why
that bullet is there. But thenit says that it would impose an
excise tax on cannabis productsproduced in or imported into the
United States, and anoccupational tax on cannabis
(22:30):
production facilities and exportwarehouses. So this is this is
that money piece, right?
Cannabis is already a prettyheavily taxed industry, from
state at the state level. And sothis is now imposing taxes at
the federal level for being in,in the cannabis industry. Okay,
so arguably, taxes are required.
(22:55):
Yes, of course. But my questionis, where's that money gonna go?
What's it going to be used for?
And speaking out? So we weretalking about this a little
earlier in the Okay, soaccording to the Arizona
Department of Revenue,recreational market brought in
(23:18):
600? Well, nearly 650 millionis that for 2021?
From 2020 to 21, the wellestablished medical market has
been in existence for a decade,recorded 758 million in sales,
total and 2021. With both,according to ATR, which I don't
(23:43):
know what that stands for.
Anyhow, Arizona Department ofRevenue, there you go. I just
read it up there. Um,so that's a huge amount of
money. Basically, where have weseen that money specifically go?
And it's, you were saying it'ssupposedly supposed to be a lot
(24:03):
of it going back into educationon here. So NBC did a. Again, I
just want to pull this up. SoNBC, they published, when was
this just a couple of days ago,right? So on March 17, they
published an article talkingabout how states are fighting
(24:25):
over what to do with thismarijuana money, right. And so
what they're talking about is,and I'm pulling this up on the
screen, so if you're on ifyou're, if you're on YouTube,
you'll be able to see this, butonly four states spent marijuana
tax revenue on restorativejustice and cannabis equity
(24:49):
program. So we'll come back tothat. But they have this
interactive data slicer here,and it shows how States spent
their marijuana tax Rev. anydifferently. So Arizona, so I
have it slice down to educationand Arizona says that they spent
it looks like right around 50%of revenue on education. Now, I
(25:11):
would love to hear from some ofmy, you know, connections,
people who are in the educationindustry, because I know for a
fact that one of the biggestquestions is, is this marijuana
revenue, this tax revenue goingto the right places in
(25:35):
education? Or is it going to,like high paid administrators,
superintendents present, youknow, presidents of universities
and things like that? Where isthis money actually making it to
the students? To the teachers?
Right? We're there we'resupposed to recently sound like
(25:58):
it has, it doesn't sound like ithas, right because, you know, I
have friends who are teachers,and you know, the the suppose it
raise that all educators orfolks in education got, it seems
like teachers got the smallestportion of that. And I have a
student who's in in ArizonaSchool District, and as far as
(26:22):
revenue for, for differentthings for our students. We're
still struggling there. And soif we look at Nevada, is
reporting that they spent 100%on education, and that was
always their, their promise whenthey went through their whole
legalization process. Iremember, Nevada talked about it
being you know, all of the taxrevenues going to their
(26:45):
education system. But when welook at, so we'll come back to
the cannabis equity andrestorative justice. So cannabis
equity and restorative justiceprograms would be programs that
go into correcting some of theinjustice is, you know, when we
(27:06):
have people who are in prison,because of the three strikes
rule, we have people who havebeen, you know, communities who
have been disproportionatelytargeted for marijuana or
cannabis crimes. Only Illinois,so Illinois, California,
Colorado and Massachusetts werethe only four states that put
any money into restorativejustice and cannabis equity.
(27:30):
Illinois says that they spentabout, if we look up at this
one, it's just under 25%.
California and Massachusetts arethe next spenders. And it looks
like just under two and a halfpercent went into restorative
justice. And then Colorado, itlooks like it could be
(27:50):
potentially at about 1%. So whenwe're thinking about now we have
this. Now we have this bigindustry that is generating huge
sums of money, according toaccording to state general funds
were the biggest recipient ofmarijuana cash last year,
(28:13):
according to NBC, getting 494million in total. And then
education came in second place.
405 million, but again, remembereducation. The largest state to
give any for education wasNevada, followed by Arizona. And
then the question there is whereis this education money actually
going. But if I look at I had aForbes article up from let's
(28:37):
see, this is from Forbes, April2022. So just a few days ago,
and Forbes in their breakdown ofthe more act, they outlined that
the legal industry, the legalmarijuana industry, generated
$25 billion in sales last year,which was a 43% increase over
(29:03):
2020. And then that industry isexpected to hit $65 billion by
2030. Now, a couple of things tothink about and I want to bring
this back to Money real quick.
So there are a lot of marijuanabusinesses large, whether it's
(29:27):
manufacturing or grow, orgrowing. Businesses that are
being created and invested inand yes, there are some
marijuana stocks that are on onthe stock exchange. You know, if
you if you were to, I canactually I'll add this yahoo
(29:48):
finance piece that has a 420stock watch list. But if we look
at all of this money that iscoming in from marijuana to
production, and then we thinkabout, okay, where does the
average person have theopportunity to capitalize on
this type of investment? A lotof these businesses are being
(30:12):
funded by angel investors, or,or, oh, goodness, my brain just
went, just went blank. So angelinvestors or
hold on, this is going to haveto be edited out oh my god.
(30:38):
Another wordyou're looking for sorry.
Okay. Peter, start back here.
So a lot of this money is beingput into the is being put in, by
angel investors or by ventureventure capital money. So these
are millionaires andbillionaires who are injecting
(31:00):
money into, you know, startups,right. Cannabis Business
Startups, and they have theopportunity to reap enormous
benefits as these businessesgrow, and then when they go
public, right, because that's alot of the time what's going to
(31:20):
happen is they're gonna getventure capital money, they're
gonna grow, and then they'regonna go public, on the stock
exchange get get, ideally a hugevaluation, and then folks who
were early investors are goingto reap gigantic benefits. But
those opportunities aretypically not available to the
average person, right? If youdon't have, you know, a million
dollars or half a milliondollars to put into one of these
(31:42):
businesses, then you're not evengoing to be able to come to the
table. And so even when, sorry,go ahead.
Are there even that many ofAmerican based companies that
you can even invest in currentlyin that market?
Um,there are there are some there
are some marijuana stocks thatare that are US based for sure.
(32:07):
There's a there's a good numberof them. Now, are there a lot
that these are, these are almostall small cap, you know, small
market capitalization. Sothey're startups, they're
smaller businesses, they don'thave a lot of history behind
them. And then also, the waythat the way that finance is set
up for cannabis businesses,because it is federally illegal,
(32:30):
it becomes it becomes a littlebit tricky for how they have to,
to manage their finances. And sothere's, there's a lot of risk
involved, right, because there'sso much turmoil around the
legislation behind it. So thereis a lot of risk involved right
now. And so that's, that's agood question. Now, there's,
there are a lot of thesecompanies in Canada, and there
(32:54):
are, you know, a bunch ofdifferent companies. I think, I
can't remember what the name ofthe company that snoop.
Oh, really? Yes.
So snoop. So there's a medicalcannabis firm that's backed by
(33:16):
Snoop, you know, as of mid lastyear, so Casa Verde. So he has,
so Snoop Dogg is invested inmultiple cannabis startup
startups, including ocgt throughhis venture capital firm Casa
Verde. So that's one of thecannabis stocks that that Snoop
(33:39):
is invested in. And again, asyou notice, Snoop Dogg has
invested in multiple cannabisstartups, including ocgt through
his venture capital firm, CasaVerde. So the British company
which specializes in pain,alleviating cannabinoid drug
development raised the grossproceeds of us $23.4 million in
(34:03):
initial public offering, whichstarting with starting market
value of just over 69 point 1million, even in Canada. No,
no, this is this is a London.
This is a London based company.
But snoop. His firm also backsplant based food companies and
(34:27):
different stuff like that. Butthe fact that he's doing this
through his venture capital firmis a kind of going to what I was
saying prior where if you don'thave a an enormous amount of
funds to invest, you're notgoing to be able to get in on on
the beginning stages. And sowhat I'm trying to connect here
(34:48):
is that this is still a anexclusive club, if you will,
right. So laws around marijuanahave Historically, and
disproportionately affectedcommunities of color and low
income communities, puttingpeople in jail and in prison for
(35:09):
the smallest amount of, ofmarijuana possession, right for
a drug that, and I've got somesome stats here are some facts
here but has been many timesover studied and proven that it
is not a harmful substance. Itis not a substance that leads to
anything violent. And it is nota substance that leads to
(35:32):
hardcore drug use. But now thatthere is a business being built,
more a mainstream business,right, because it's been a
business for for a long time.
In, you know, a lot of you know,folks might say, well, that's
that's not a business, that'sillegal activity like okay,
well, it's been a business for along time. But now it's becoming
a legal business. And there is apotential for the US government
(35:56):
for big business to make a lotof money off of tax revenue.
Now, there's becoming thisability and access to, to
wealth, through investment inthese type of businesses, access
to money and capital through taxrevenue, but it is still an
(36:18):
exclusive club, where theaverage person is in a lot of
ways excluded. And then thequestion of okay, well, what's
happening with the restorativejustice is still very much at a
turtle's pace. It's kindof like when so when Arizona
originally legalizedrecreational, well, even before
(36:44):
that, when there's no, I guessit was in the same token, so
part, there's two parts of that.
First, when they legalized it,you know, they had these and I
don't know all the exactdetails, but from what I
understand, there were like acertain number of licenses that
(37:05):
were available to be able tohave, you know, a recreational
shop in Arizona somewhere. Andthen it was originally allotted
to, you know, the people thatalready had businesses were
allowed to apply first. And thenthere is a light, which is good,
(37:26):
but also bad, because thenthere's, like you said, a lot of
those people who have the fundsto do so. And that leaves out
the common person down herebeing able to apply for a
license and start their own jobwithout having an incredible
amount of money to do so in notso roundabout way, right?
It will end in a ridiculouslyfruitful and growth industry,
(37:51):
right? a growth industry is anindustry where there is an
enormous opportunity for futuregrowth and market share. So in a
business where, again, there wasan exponential year over year,
increase in revenue, right 43%,year over year is a gigantic
(38:16):
increase in revenue. Huge. Andso when you have that type of a
business, that is a massivewealth generating vehicle,
massive now, if we go back tothe to the House bill, the next
thing on the on the bullet is itwould make the Small Business
(38:38):
Administration loans andservices available to entities
that are cannabis relatedlegitimate businesses or service
providers.
So what that says is, it wouldliterally take the Small
Business Administration, whichis one of the largest loan
(38:58):
making businesses to, to new tonew businesses, right, giving
access to capital to folks whoare trying to start new
businesses, but perhaps don'thave access to venture capital
or access to mommy or daddy'smoney or those, those
connections through long termfamily ties, giving access to
(39:22):
loans. So that's another thingthat would protect that good. So
now let's see, they're lookingat okay, now we're looking at
demographic data, then we'relooking at supporting various
programs for individuals andbusinesses and communities
impacted by the war on drugs. Soneighborhoods that have been
(39:43):
historically torn down since youknow, the the 1950s torn down by
these these problems. When welook at a lot of the just big
challenges that were or createdfor, for people who had issues
(40:04):
with marijuana convictions. Andthen it would prohibit the
denial of federal public benefitto a person on the basis of
certain cannabis related conductor convictions. So there are
folks who have had cannabisrelated convictions, who then
get out of prison after aridiculously long and unfair
sentence. And now they havetrouble getting back on their
(40:26):
feet, or actually being able tostart a business or, or get
access to loans access to, um,to services and different things
that they might need to get thatleg up because of something as
silly as a marijuana conviction.
And so this is where it's like,all of that is kind of wrapped
up together. And and where someof the challenges with the
(40:50):
question of well, Will it passthe Senate? Well, it'll pass
once enough people are able tomake enough money and the way
that things are going now, thequestion is, how inclusive will
it actually be once it makes itthrough? Right? Or at least
that's the question that I have.
(41:11):
Yeah.
I mean, I don't know. I don'tfeel like it's ever going to be
what we want it to be, which is,I think, a lot of times why it
has also failed in the past,because people do know, you
know, the people that are outthere helping these bills get
passed, are aware of theseinjustices that are still that
(41:32):
still lie within it. And theycan, you know, they're able to
say no, like, it's not ready yetdon't pass this bill, this is
going to do us more harm in thelong run than it is in the
future. So I mean, as in the,like, current, but I don't know
how much better they'll make it.
(41:54):
People are also tired, and itdoes have a lot of good
components to it. So there's apart of me that feels like,
eventually it's going to getpassed, and they're still going
to be some of these things thatdon't make it fair. No. Yeah.
Still, no. Yeah,I mean, you know, here, a couple
of other things. So it prohibitsthe denial of benefits and
(42:16):
protections under immigrationlaws on the basis of cannabis
related events, like conduct orconviction. And then it
establishes, so we know thisone's going to be a big one,
right? It prohibits denial ofbenefits and protections under
immigration law. Immigration isa big hot button with a lot of
folks. And so that's, you know,that's one that that probably
(42:39):
raises questions right as itmoves to the Senate establishes
a process to expunge convictconvictions, and conduct and
conduct sentencing reviewhearings related to federal
cannabis offenses, and thendirects the Government
Accountability Office to studythe societal impact of cannabis
legalization. So this based onthese bullets, this seems like a
(43:04):
really inclusive bill. It seemslike it is laid out in order to
correct issues of the past, makesure that this new industry that
is growing and has so muchgrowth potential and wealth
potential is inclusive. And thenalso looks at making sure that
(43:28):
as we continue to go throughthis is looked at reevaluated to
continue to make sure that it ison par with what is with what is
ideal. And I wanted tobut I think a lot of people are
gonna let it pass because of alot of those things
(43:50):
because of those things becauseof the good things that are laid
in. Right. So rep representrepresentative Jerry Nadler is
the person who offered up thisbill. And on April 1, he he
mentioned and this is somethingthat he put out on Twitter, the
(44:13):
House is considering my bill,the marijuana opportunity
reinvestment and expungementAct. This bill will reverse
decades of failed federalpolicies based on the
criminalization of marijuana. Sothis representative Nadler and I
you know, I don't know himpersonally, I'm not, you know,
(44:33):
for against whatever. But he isexplicitly stating that this
bill, he designed it to reversedecades of failed federal
policies based on thecriminalization of marijuana and
he went on to say it would alsotake steps to address the heavy
(44:54):
toll these policies have takenacross the country, particularly
among committee Cities of color.
He said, For far too long wehave treated marijuana as a
criminal justice problem,instead of a matter of personal
choice and public health.
Whatever one's views are on theuse of marijuana for
recreational or medical use, theChairman said the policy of
(45:15):
arrest, prosecution andincarceration at the federal
level have proven both unwiseand unjust. The amount of money
that is wasted pursuingmarijuana convictions,
incarceration, and issues can somuch better be used on education
(45:35):
on justice reform on so manydifferent things. And, you know,
am I a politician, like,Absolutely not. But I think for
the purposes of, of what we talkabout with forward motion, I
think the biggest piece is theeconomic side of it. And, you
know, just the money side of themarijuana industry that is
(45:59):
growing, and wanting for, ifthis is an avenue for wealth
building, I want this avenue tobe available, if this is if this
is going to be a legal avenuefor building wealth, right? I
want it to be available toeveryone.
Well, and especially availableto the people that have created
beneath for the business, like,you know, these people have been
(46:24):
trying to legal, you know, like,legally do this for a long time,
for whatever the case, mayberecreational or medical or
whatever, like this, you know,substance that is far less like
I've said, it's less harmfulthan alcohol, tobacco, you know,
(46:46):
no one's out there driving a carand killing somebody.
Because their domesticissues domestic violence, yeah,
there's none of that going on.
And yet, they've beencriminalized so hard for this
for so many different reasonsand agendas. And now you're
like, Finally, like, Okay, youguys were right, all this time.
(47:07):
There's a whole bunch of reasonswhy it shouldn't be illegal, but
we're going to be the ones thatare going to take it over and
make the money out of it, andmake it completely impossible
for you to have any part in it.
Other than paying me now for it,and I'm gonna make money off of
you for like, I just doesn'tknow.
(47:29):
Or, or if you're already in thebig money club, right? If you're
already.
Because, you know, I'll just sayit, like
politicians are known for, formaking a lot more money in the
stock market than they do, youknow, as, as politicians. I
(47:50):
don't have anything against thestock. But you know, the stock
market, of course, I'm a bigproponent.
But if the communities thathave been decimated for decades,
overthis plant, aren't going to be
able to to have a seat at thetable and a big seat at the
(48:12):
table, right, multiple seats atthe table, when it pertains to
creating the reform, and thebusinesses that that are
springing from this, and thenthe, the the wealth that is
going to be generated for yearsand years and years and years,
and should be receiving that.
And, yeah,that's, that's a big, big one.
(48:33):
For me. And, you know, we, whenwe think about this business,
this this, this thing, thelegalization right is creating
jobs, it's creating a lot ofjobs for a lot of people. It's
creating businesses, wherepeople are owning businesses,
and businesses creategenerational wealth. And so
(48:55):
having the but but it has a highbarrier to entry or cost to
entry. It isn't a low startupcost business, right? This is a
business that requires like alot of licensing, you know, a
lot of regulation, a lot of allof these things that take a lot
(49:15):
of money. So your average personwho, you know, really needs the
opportunity to to get ahead andmight might have the mind for
running this type of businessmay not have access to it. And
so i i You know, I pulled up anarticle from Investopedia that
was talking about the economicbenefits of the legalization of
(49:37):
cannabis. And so I want to readin just talk about from this
article, the investmentopportunities that they talk
about. legal marijuana presentsthe possibility of tremendous
benefit to active economies onthe local and national scale. It
also could help to secure theinvestment portfolios of
(49:57):
investors across the country.
and further afield as well.
While marijuana marijuanaremains illegal on the federal
level, it is difficult forinvestors to capitalize on the
growth of the industry becauseexactly what they're saying
they're they're just what I'msaying this industry is growing
at a crazy rate. But the averageinvestor is not having as much
(50:20):
access to capitalizing on thisgrowth because of these
legalization issues. The numberof marijuana related companies
trading on public stockexchanges is miniscule. While
investors do have the option ofworking with the over the
counter exchanges, many of themost successful businesses in
the early legal cannabis spaceshave been based in Canada or
(50:42):
other countries, shouldmarijuana become legal on the
national level marijuanacompanies would be free to list
their stock on all US exchanges,thereby enhancing liquidity and
opening up access to many moreinvestors. Should the growth
rates for the cannabis spacecontinue as they have in recent
years, it's likely thatinvestors would express a keen
(51:04):
interest in the industry. Soright now we have a a, an IT
crazily growing market. But ifyou don't have venture capital
dollars, or if you don't have,you know, huge access to
capital, and access to beingable to invest in these in these
startups and early stages,overseas, across borders, or
(51:25):
huge amounts of money to put inat these early stages, we're
missing out. And right now we'rein the exponential growth stage
where, you know, people aretaking half a million
1,000,020 5 million, whatever.
And they're turning it intopotentially billions of dollars
(51:46):
over the next decade. Right. Butwhat about the average person?
And that's where this type oflegislature where, you know, I
can't campaign for or against,like, that's not something that
as a nonprofit we can do. It'sexplicitly not not available,
(52:07):
but I can't share an opinionand, and an opinion for me is,
it's important that access towealth building vehicles is
available to everyone and everyfamily in the United States. And
this is a big one.
Yeah, I mean, I agreewith everything you just said,
There's far too many reasons whythis bill should pass and move
(52:31):
forward and afford all of these,you know, companies, businesses,
communities, there's benefitsthat they've been ripped off,
people should not be sitting ina prison cell for this plant.
You know, what I mean? Like,there's just no way in my mind
(52:54):
that any of this justifies beingbehind bars?
So no, not at all. Looks like welost your video, Sara. But that
is absolutely correct. And so,you know, I guess my
(53:14):
encouragement to everyone outthere listening is research,
right? Stay on top, this is anemerging market. Emerging
markets are very, veryimportant, right? This is, this
market financially is no lessimportant than renewable energy.
(53:34):
Right? When we look at emergingmarkets, and we look at markets
that have exponential growth, wehave to be on top of our
research. So finding and readingas many articles as you can,
understanding what the businesslandscape is in your state and
across the country,understanding you know, what
access to investments there aretoday and are there any that
(53:57):
that after you you do a thoroughbreakdown, you say, You know
what, I believe that based onhow this is being set up, based
on the landscape of what I thinkis going to happen, I believe
that this business has potentialfor, for growth, and, you know,
perhaps this is somewhere whereI might put 1% or, or 2% of my
investment portfolio for thelong term. These are the type of
(54:22):
things that as you know, theforward motion family as regular
people as individuals out there,just, you know, doing everything
that we can to buildgenerational wealth for for
every individual family, from afrom a a stock portfolio and
investment standpoint, this isdefinitely something to research
(54:42):
to stay on top of and to and tobegin to understand. And, you
know, I'll I will make sure thatin the show notes on on the
on the pagefor where we post, whether it's
on YouTube or Spotify orwherever, I'll make sure that I
have some resources, someresearch tools available there.
(55:05):
But outside of that, I mean, youknow, we have to look at where
history has brought us from. Andas we start to see these changes
start to happen, it's importantthat we're aware, it's important
that we're vocal as individualsas citizens about what we want
to see. Right. That's where, youknow, calling your your congress
(55:25):
people calling your Senators issomething that's really really
important.
But outside of that letter beingpassed, knowing about them read
on them and you know, have aninformed vote.
Yeah, have an informed opinion.
Understanding you know, thepeople that you're putting in
office and you know, what, wheredo they stand do they do they
(55:48):
stand in line with what you'dlike to see going forward for
your community for for thecountry, right, those are very,
very important pieces. Sohopefully this has sparked you
know, thought and sparked youryour want to research and and
look at this in more depth. Thisis something that is definitely
(56:09):
an ever evolving, and it's stillan unfolding topic. So we'll
keep an eye on it. But follow usfor more you can follow forward
motion on Instagram and Facebookat forward motion AZ, our
YouTube channel where hopefullyyou found this or you can find
more of our resources, ourvideos and podcast recordings is
(56:33):
moving forward. One family at atime on YouTube. That's the name
of the YouTube channel. We havea bonfire store where you can
get merchandise. You can get Tshirts, kind of like like this
one here. This one says it's agenerational wealth thing and it
has kind of a dream like you andyour family on bonfire and and
on Facebook, and then you candonate because we are a
(56:59):
nonprofit. And so everything wedo, does rely on donations from
listeners and viewers like you.
So forward motion az.org/donateAnd then I'm money manda on tick
tock so trying to try to get theTick Tock thing going. I'm
having some fun over there andhaving some great conversations.
(57:21):
So join the conversation on ticktock as well. Thank you, Sara.
Anything you wanted to add?
No, thank you for theconversation today. I'm Sarah.
I'm not on Tik Tok. Maybe oneday, but a man is the one that's
famous right now we'll let herhave that.
I'm part of the older generationon tick tock or the ancient the
(57:42):
ancient generation on tick tockI guess the older than the late
90s Crowd apparently.
Oh my goodness, Lord.
Yeah. Thanks for having fun withus today guys. Do some research.
Yeah, so investing. I'm notthis. Yeah.
Thanks. Thank you for motionfamily. We'll catch you guys
(58:03):
next time.
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