This episode of Finances: The Other F Word is available for your listening pleasure on iTunes and on TuneIn. It originally aired on January 9th, 2020. Additionally, you can check out the episode “Weed Money” featuring our COO Stephanie Magurno on the podcast’s official website.
Finances: The Other F Word
A Gen Xer podcast for musicians and music lovers, where we discuss music and money without all the pretentious BS! —Listener discretion is advised— Hosts include Mel O-Certified Financial Planner and author of “Finances the Other “F” Word”, attorney at large Zoe Terry, and Stormie Andrews – founder of Yokel Local Marketing.
You can learn more about Finances: The Other F Word by following their Facebook page.
“Weed Money” Featuring Stephanie Magurno
Zoe Terry [00:00:02] As fantastic a CFP as Mel O is, as wonderful an attorney as I am, and as good as Stormy is at whatever it is he does, please do note that anything said in our podcasts are our opinions alone and are not meant to be taken as financial or legal advice.
Announcer [00:00:21] Welcome to Finances: The Other F Word, a Gen-Xer podcast for musicians and music lovers, where we discuss money and music without all the pretentious bullshit. Here are your host, Zoe Terry – attorney at large, Stormie Andrews, founder of Yokel Local Marketing, and Mel O, certified financial planner and author of Finances: The Other F Word. Listener discretion is advised.
Mel O [00:01:00] Hey, guys, welcome to Finances the other F-word. Today I’m going to be interviewing Stephanie Magurno of THC Production. She is the COO here in Las Vegas.
Stephanie Magurno [00:01:11] Hi, guys.
Mel O [00:01:12] Hey. So we’re going to be talking a little bit about if you can’t tell the title of the episode, “Weed Money”, but not in the extent that people usually talk about weed money. Since we have a situation where we have a couple of states that have come online where they have approved recreational marijuana and a lot of them have already approved mostly medical marijuana use. We’re in this really weird gray area where we’re in between it actually getting approved on the federal level.
And we’ve spoken on this podcast before about FDIC insurance and the Federal Deposit Insurance Corporation and what they do. And we’ve also talked about and kind of touched on the situation that the cannabis industries are experiencing within Nevada, Washington, Oregon, Colorado, etc., as far as not being able to do normal business operations by putting their money into the banking system because it’s technically considered money laundering. Of course, this ties and everything else for business credit and those kinds of things when you can’t actually get your money into the banking system. So we’re going to talk to Stephanie a little bit about some of the challenges about running a business in the cannabis space and try to pick her brain about where she thinks the future of the cannabis industry is going. So, Stephanie, welcome to the show.
Stephanie Magurno [00:02:29] Thank you.
Mel O [00:02:29] And I would love to hear just a little bit about the challenges of actually running the lab, the marijuana lab that you guys have here in Vegas. And just the normal day-to-day operations of what it looks like as a COO in this sector.
Stephanie Magurno [00:02:46] Sure. Well, there’s a lot to talk about, that’s for sure. It isn’t like any other business that I’ve ever been engaged in. You know, if you work in the grocery industry, it’s there’s a formula, you know, how many turkeys to order at Thanksgiving. And you have customers that come in, they buy things. You have certain margins. It’s an industry that’s been around for a long time. But cannabis is it’s like the Wild West. Or perhaps it’s along the lines of tech in the early 90s. Just it’s so new and things change so quickly. So one of the things that happen in our industry is that the consumer demand and pricing and product mix can change in a matter of months. Something that might be your top seller now, in six months, you might be selling none of.
Mel O [00:03:38] And so why do you think that is? Do you think that just normal consumer trends, like maybe they think a certain style of clothing is in now and out later? Or do you think it’s because palettes are changing since there’s a flood in the market? What do you think that’s because of?
Stephanie Magurno [00:03:52] Well, since Nevada is in particular, Las Vegas, I should say, is heavily tourist, there are 43 million tourists a year that come here. And although there is a local marijuana consumer base for medical or recreational purposes, the fact that so many people are walking into a dispensary every day who see marijuana as in is an extension of the Las Vegas experience. I come here to see shows and gamble and do crazy stuff and smoke some weed. So people are not really familiar with it. So it’s a whole it’s not a necessarily a consumer base that is full of repeat customers who get more and more discerning.
I’d say that we’re seeing a lot of it has to do with certain products, seeing a downward push in prices. So there’s certain products that will that have become almost like commodities, meaning that they are bought and sold in a different way. Then how would I put this when I talk about something selling like a commodity, I mean that things like corn and soy, they’re sold on the commodities market, which is a special sort of market for goods that are traded in huge quantities and scales. So in particular vape cartridges, we’ve seen the prices be cut in half in the last.
Mel O [00:05:23] The purchase prices?
Stephanie Magurno [00:05:25] The purchase prices. And so so we had a particular product, for example, that we were selling at a certain price point and it was our biggest seller and then we couldn’t even get rid of it in a matter of months because prices dropped so dramatically in just a such a short period of time. And that’s ultimately a good thing for consumers to have, you know, more cost-effective access to this product. However, in the case of cartridges, a lot of times the lower prices have unfortunately come at the expense of quality. So I would never encourage somebody to buy the cheapest vape on the market because it’s probably got subpar materials and subpar hardware. But that being said, prices are going down all around and that’s good. It means, you know, we can pay less and we can charge less to our customers who are dispensaries.
So our company, we’re an extraction company. We essentially take the essential oil. We’re extracting the essential oil from the cannabis plant. We are putting it into chocolate bars, gummies, tinctures, other products. So we buy from cannabis growers and we sell to dispensaries. Dispensaries are the retail stores that you could walk into, I could walk into. Anyone can walk into and buy things. But the market definitely changes. And so we spend a lot of time innovating and coming up with new products because if you’re sticking with the same product line day in and day out, you’re in danger of some of those products being knocked out of the market, becoming obsolete, other competitors coming in and doing it cheaper or differently, and taking over with more marketing budget than you have and taking your market share. So our approach is really to carve out a niche, kind of like you’ve done, you know, you’re focusing on a specific niche of musicians.
Mel O [00:07:12] The Best Niche. Yeah, go ahead.
Stephanie Magurno [00:07:12] Of course. And I’m sure there’s a lot of crossover in our consumer base. So we focus on, you know, niche products are unique things that other people aren’t doing. And so we’re very innovative, we’re scrappy and we’re actually for a cannabis startup, we’ve really bootstrapped this thing. You know, people use the term bootstrapping a lot. But what I mean is you take a company like Evergreen Organics and they are a huge company, they’re very well known for their products and they sold, I think it was about a year ago. And it was very interesting because they have like three companies all intertwined. So the whole deal was, I don’t know, $28 million or something along those lines. So I was reading the specs on it and it was actually 14 million of that was for the Evergreen Organics Company and Brand, but actually, they were only paying $600,000. The other $13.4 million was assuming all the debt that the company had.
Mel O [00:08:19] Right. And so just to touch back when you were talking about having to be innovative and coming out with new brand extensions, there is. So if you guys it just to kind of understand that you can do what THC Production does where you actually come out with something new or you can do what let’s say your Proctor & Gamble does where every time you go into the store you see NEW Tide and or NEW this or NEW, you know, Palmolive or whatever. And it’s not new, but they overuse that word to try to get people to be like, oh, it’s new. Or if you’ll notice, a lot of times with radio stations is, you know, they’ve been around for five or ten years and they still say “the new 105.7” and it’s like you’re not fucking new, you’ve been around for ten years, but it’s part of just, you know, so you can do a true line extension of products or you can actually just try to repurpose it in to do something else
And it’s very interesting when you talk about assuming the debt of the companies because I’m assuming that a cannabis company in any nature is pretty costly to start up. I mean, I would assume that it has to be mostly self-funded because if you can’t put your money into the banking system, you can’t really get credit. I’m assuming for it. Is that correct?
Stephanie Magurno [00:09:34] Yes. Most cannabis companies are funded by private individuals. You can’t go to the bank and apply for a loan to start a cannabis company, which you could do if you wanted to start a restaurant or you wanted to start an insurance agency or a real estate firm or whatever it is that you’re doing. You can apply for a small business loan and you can use that to start your company. We cannot we can’t do that. Cannabis is federally illegal, so banks are very restricted in terms of what they can do and how they can do it in dealing with cannabis companies.
Mel O [00:10:08] And this would be the same for credit unions.
Stephanie Magurno [00:10:11] Yes. Although credit unions, if they are only in one state, they have a little bit more leeway in certain respects. And this is not my area of expertise, but they do still have a lot of compliance they need to do.
Mel O [00:10:23] And we’ve talked about on this podcast before that credit unions are not FDIC insured, that they are actually under a separate, different type of insurance, which is the reason why I asked the question. So go ahead.
Stephanie Magurno [00:10:35] Yes. So so when you start it, it’s got to be money that you have in the bank as a private citizen for the most part. And so right now, just to give you an example, just I know of cannabis companies that do what we do. They’re extraction companies. Well, in fact, the one I’m thinking of doesn’t even have an operation. They have no brands, they have no equipment and they have no revenue, just the license and the facility approved by the state and they just sold for $4 million.
Mel O [00:11:08] Wow. So they’re actually not even really a business.
Stephanie Magurno [00:11:11] No.
Mel O [00:11:11] So all the things that you would normally go in and buy and look at a business, say their financials and their, you know, revenue streams and stuff, there is none of that exists.
Stephanie Magurno [00:11:19] None of that exists. But the number of licenses in Nevada is limited. In Washington state, I believe they have 1400 licenses. And Colorado and Oregon also have they haven’t capped licenses. They have a lot. And so it’s led to really an excess of weed. People think that, oh, you’re a drug dealer, you must be rolling in the dough. You know, that everyone thinks that that cannabis is a cash cow and you just go to the barn and milk it every day. Like any other business, some businesses will succeed, others will not.
Even if you look at all the big names of the publicly traded cannabis companies, and I’ll explain why that is, how you can make money, but not after taxes. But so coming back to this idea of how can you make money but not make money after taxes? So the individuals, we pay income tax based on what we make. And it doesn’t matter if we feel like we can’t afford it. It doesn’t matter if, you know, we might want that money that we are giving the federal government to go to groceries. We have to pay based on what we make.
Businesses operate on a different basis. Businesses pay taxes based on their profits. So there’s a difference between revenue and profit. If I am in the sandwich business and I sell a sandwich for $7, that’s $7 of revenue. But the profit is the difference between my costs of making that sandwich and selling it to you and what I actually sold it to you for. If the bread and the lunchmeat and the mayonnaise and the, you know, lettuce that I put on it or, you know, impossible SPAM or something I put on it, if that all totals $3 and then the portion of the rent for my food cart is, you know $1, and then the labor it cost to pay somebody to make that sandwich. Well, okay, so now we’re up to, let’s say, $5. So my profit of that sandwich was $2. So if I’m a small business owner slinging sandwiches and my profit is $2, I paid the federal government taxes on that $2 for that sandwich.
Well, in cannabis, it doesn’t work like that. In cannabis, you only get to deduct some of your expenses because cannabis is federally illegal. So you’re allowed to deduct as an expense things that relate to making the product. But you cannot deduct expenses that relate to selling the product because it’s illegal.
Mel O [00:13:48] Like, give me an example.
Stephanie Magurno [00:13:49] Yeah. So we make chocolate bars that are infused, so we get to deduct the cost of the cannabis we put in the chocolate bar, the chocolate, the packaging, the labor it took to make that bar. But we pay a sales rep, a commission for the products that they sell to a dispensary. So, we have to pay a licensed delivery company to deliver those chocolate bars to the cannabis dispensary that’s buying it from us. We have administrative expenses like we have somebody that handles HR, or my portion of salary that deals with bookkeeping and administrative functions, all of that. We don’t get to take that off as an expense.
Mel O [00:14:33] Specifically because it’s considered a schedule 1.
Stephanie Magurno [00:14:35] Because it is federally illegal. Yes, it’s called 280E. That’s the section of the tax code that relates to this. So that’s a term that is thrown around in the industry a lot of like oh 280E, 280E. What they’re talking about is the fact that you could have $1,000,000 in revenue and you could have a loss for that year of $100,000. So you lost money, and if you were in any other business, you would not be paying income taxes to the government. But because you’re in the cannabis business, the government says you had $1,000,000 and your production costs were 700,000. So you need to pay us income tax on $300,000. So you lost $100,000 that year, but you’re paying income tax as though you actually made $300,000 because, again, anything related to sales costs, administrative costs, or delivery of this product, the government doesn’t consider that an expense that you can actually claim as an expense.
Mel O [00:15:32] So do you think if the cannabis industry was able to be approved by the government so that they could be legal in the eyes of the federal government? Does, is there, the assumption that soon as that happens that the tax code will change to reflect the changes in the cannabis industry, or is it more that they’ll probably just be focused on passing it legally and then the tax code will come later because obviously if you can deduct less stuff, you have to pay more income tax. I would assume that obviously that’s a bigger win for the government.
Stephanie Magurno [00:16:07] So that actually opens up a whole different set of questions, which is an interesting topic. The well, at least if you’re a business person, it is. Let’s see if it’s interesting to the musicians out there. Yeah. So so basically if the federal government legalizes cannabis, that sets off a whole series of actions. If they, if they make it legal, then 280E taxation goes away. All the stuff I’ve been talking about goes away. And what you have is you have regular business taxation. And so that sounds like a great thing and certainly, every one of us in this industry would love to not have to face this tax, you know, this incredible, incredibly upside-down tax situation that is unlike any other business.
However, one of the things that is unique about this industry is that it is federally illegal and it’s legalized on a state-by-state basis, and that’s actually created opportunities for companies like ours to even exist. Right now in Nevada, there are upwards of 150 licenses for let’s see… there are 60 to 70 dispensaries in the state. There are maybe 100 to 150 production licenses and maybe 150 cultivation licenses, i.e. growing licenses to grow cannabis. I’m just, I haven’t looked at the latest numbers, so take that with a grain of salt, but you get an idea of the number of licenses and the state is not issuing any more licenses. It’s a limited amount of licenses.
But if you look at the grocery industry, there aren’t a lot of grocery stores. If you look at the hardware industry, you’ve got Home Depot and Lowe’s, you know, at the grocery level here in Nevada, we’ve got Sprouts, we’ve got Smiths, we’ve got Albertsons, we’ve got I mean, Walmart sells some groceries. You have a limited number. And the licenses in cannabis, there are hundreds of companies that work in this industry in the state. And the only reason this is possible is because it’s federally illegal.
Once it’s federally legal, big alcohol, big pharma, and big tobacco are going to come in and buy everything up. So, in fact, it’s created a unique opportunity for smaller businesses. And just like when I talk about big alcohol, big tobacco, big pharma, it doesn’t mean that there will be no room for small businesses. Look at the resurgence of craft brewing. For example, there are all these little craft breweries that make beer now, or they’re doing craft spirits. And when I was growing up, there is just Bud and Miller, and that’s kind of all there was. But now there are all these unique strains. They’ve put a lot of work into making superior product, boutique, small-batch, etc. So there will be opportunities for some smaller companies even after it goes federally legal. But it’s going to change the landscape where there’s going to be a small number that controls the vast majority of the businesses.
Mel O [00:19:18] Which is pretty typical when big anything gets involved in anything. So then getting back kind of to not being able to put your money in the bank because it is technically still illegal on the federal level. What kind of I don’t want to say hardship. I will say not obstacles. I don’t know. Challenges. What kind of challenges specifically has that put like maybe how’s it affected your day-to-day operation or how has it actually just affected the normal flow of business? How do you get around that? How do you work within that parameter that’s set right now?
Stephanie Magurno [00:19:52] I would say that nothing makes me feel more like a drug dealer than rolling around with fat stacks of cash, and that’s not a good thing. So basically most of our customers, our dispensary customers, they pay us with cash. Most dispensaries, they do not accept credit cards. And if they do, they’ve probably done something a little gray in the gray area to do it. Most dispensaries, they get paid in cash and so they pay us in cash and then we pay like our staff gets paid in cash, our vendors get paid in cash. I mean, we have a payroll company. We pay our payroll taxes to the IRS, all of that which the IRS, by the way, does not take cash. Right. So you have to find other ways to or if they do take cash, they charge you a ridiculous penalty, etc.
So there’s a lot of different factors that that relates to. But it does create some challenges because, for example, some cannabis companies now have bank accounts, which was unheard of, you know, a couple of years ago. And unless they had a separate company that they set up to do certain things. So basically now there’s this banking system or bank in Colorado called Safe Harbor, and they will do cannabis bank accounts. They charge you at least like around 2%. I’ve heard of some banks charging 7% or 4% in other states because the amount of work that they have to do to make this federally compliant is a lot. So they charge you X percent of your deposits in order to service you.
Mel O [00:21:37] Do you think that they’re also slightly taking advantage of the situation?
Stephanie Magurno [00:21:40] They may be. I’m not sure. It’s I it’s not something I have enough experience with to say. I started to apply for one of these safe harbor bank accounts for a company. It feels like I’m trying to join the FBI like the ten pages of just the first application, and then they’re going to go through a three month background check. And, you know, I think that they want me to look at inkblots and tell them what it looks like and, you know, interview my family and friends. It’s very it’s extensive. So we have some customers that want to pay us with a check. And so we’ve had to go through all kinds of financial arrangements because we don’t have a bank account. We’ve had to go through financial arrangements to even make that happen, which again ends up costing us money.
But with the cash. One of the things that, you know, maybe doesn’t occur to people, I mean, it’s not so bad to pay people with cash or whatever. But we have had some of our staff get their bank account shut down or their credit card get shut down from that bank because, oh, they’re putting too much cash in there in their account. Someone I know that works with one of our vendors told me he’s just an employee of this company. He has six bank accounts because he got he after he got one shut down, he said, I’m never having this happen again. Yeah.
Mel O [00:22:55] And that goes back into what we talked about before, about the whole money laundering situation where they’re expecting the cannabis sector to pay taxes to the government as a business under the parameters they said. Yet they make it so. If they were to get the other half of the benefit of having a company, they can’t do that because it’s considered taking dirty money and making it clean. Thus the whole money laundering and we’ve talked about that in a previous podcast.
Stephanie Magurno [00:23:20] And then also if you are if you work in the cannabis industry, you pretty much can’t work with somebody like Mel O. I wanted to hire…
Mel O [00:23:31] And that is correct.
Stephanie Magurno [00:23:32] To invest my money for me, I couldn’t hire Mel because CFPs aren’t allowed to work with people in the cannabis business.
Mel O [00:23:42] Yeah, and it goes back to the, the licensing, not specifically so much the designation, but the licensing that they’re all federal licenses. And so that’s where the issue comes in. And it’s very frustrating for somebody like me who wants to help people in general with their money regardless and just to not be able to do that.
Stephanie Magurno [00:24:01] And that’s why, you know, anything, whether it’s her book or podcast or whatever, that can give people in nontraditional industries, including mine, insight into how to manage money and how investments work and how money works. It’s very useful.
Mel O [00:24:16] Thanks. Thanks for the plug, by the way. That was not rehearsed or practiced beforehand. But I’ll take it.
Stephanie Magurno [00:24:21] Yes. Nor solicited, nor asserted.
Mel O [00:24:23] That’s right. And she’s completely sober, guys. So.
Stephanie Magurno [00:24:26] Yeah, I didn’t. Yeah, I don’t even use THC ironically, but.
Mel O [00:24:31] Oh yeah. She had told me you had told me the story about how. So she always smells like weed constantly. And if you get pulled over and you roll down your window and you completely reek of weed, the cop is looking at you because it’s still considered driving under the influence if you are high while you’re driving, correct?
Stephanie Magurno [00:24:48] Yeah. I mean, you don’t have a breathalyzer to test it, but.
Mel O [00:24:51] Yes, yeah. And it’s pretty strong, y’all. Just so you know, I don’t know if you’ve ever had a chance to go into any of the grow houses or the labs or do any kind of tours, but you will walk out reeking to high heaven of weed. So yeah, it’s a pretty interesting thing. And I also don’t partake because of the simple fact that it is technically a felony still on the federal level. So it’s also something that I cannot enjoy. So you have two people here talking about weed and neither one of us participate in it.
Stephanie Magurno [00:25:20] Yes, but it is funny, when you’re in the snack aisle at the grocery store after work, people just assume that you mean. Oh, yeah, the munchies. Absolutely. And you just let them keep thinking that. Don’t even bother to explain.
Mel O [00:25:29] That’s why she’s looking at them cookies.
Stephanie Magurno [00:25:31] Yeah. Yeah. But I mean, I actually I mean, I love, I believe strongly in our product line and it’s made such a difference for a lot of people. We have two brands, one of which is called Experience Premium Cannabis, and we make a line of tinctures that we get so many E-mails and submissions through our website from people talking about how these tinctures have saved their lives.
Mel O [00:25:53] Tinctures, educate me. What is that for people who don’t know?
Stephanie Magurno [00:25:56] It’s like a little glass bottle, an amber glass bottle with the little rubber dropper at the top. It’s a few inches tall and it’s got a liquid in it.
Mel O [00:26:04] Wait, can you put, can you put THC in a liquid form and they can drop it in? Wow. All right, then.
Stephanie Magurno [00:26:10] So. So products like our tinctures, which are you know, people have written us and said it’s the only thing that helps my X… X being.
Mel O [00:26:19] Whatever ails you.
Stephanie Magurno [00:26:20] My migraines, my kid’s seizures, my kid’s autism. It’s the only thing that helps me sleep at night. It’s, you know, it’s the only thing that helps with my pain. So I could go on and on, but I personally just choose not to use THC for the same reason I don’t really drink, which is because I don’t like to feel not myself. But you know, if I had cancer, I’d be getting high every day. So, you know, whatever it takes. And I use our products that have CBD in them because I find them to be. It’s revolutionized my pain management, that’s for sure. So just a plug for CBD.
Mel O [00:26:51] Yeah, absolutely. And what I started to see when I look at financials of different companies is that we know that they’ve been testing spending R&D money, which is research and development money on doing different research into cannabis and the things that it can combat, etc. and you never saw it as a line item in their financials. But just now, especially on the Big Pharma side, if you look at some of the financials, you will start to see the line items pop up. If you get if you dig enough into the financials that, you know, a portion of their R&D budget is in fact going to the cannabis sector. And I agree with you, I think that soon as it does get legal on the federal level, that Big Pharma and Big Tobacco is going to come in and just, you know, monopolize it. Is there any so actually, I guess actually my question is, do you want it to be legalized on the find the federal level? Would that be better for the company in general? Do you think it would do more harm?
Stephanie Magurno [00:27:45] It’s hard to say. Like I said, it’s a mixed bag because then we’d be fighting with, you know, name some pharmaceutical companies.
Mel O [00:27:54] Oh God there’s Teva. There’s Pfizer. Yeah, there’s tons.
Stephanie Magurno [00:27:58] And they’ve got infinitely more money than we do. But so there’s an upside and downside to it. I mean, like I said, we do some sort of craft cannabis-type work. So there would still probably be a place for our company, but it’s going to present opportunities and it’s going to present challenges. So I’ve got mixed feelings on it. And of course, as a business person, I have my own ideas about how to develop the company, knowing that that is a likely possibility at some point down the line, whether that’s in two years or five years or ten years. But it’s a mixed bag. Nothing is ever all good or all bad.
Mel O [00:28:32] So it’ll be interesting to see what the upcoming election year, if this comes more to the forefront and becomes an actual talking point. So real quickly before we go here, tell me, hock some of your products, tell me about, you know, two or three product lines that that stand out with you, that, you know, if there’s listeners out there who decide to partake that they’re welcome to enjoy as long as it’s legal.
Stephanie Magurno [00:28:55] Yes.
Mel O [00:28:56] And stressing that a lot legal, because we have listeners in many countries and multiple states that it is not legal. So don’t run out there and do something because I told you to do it when it is “legal” in your state. Go ahead.
Stephanie Magurno [00:29:10] Absolutely. You can find our products in about half the licensed dispensaries in Nevada. And we have two brands: Experience Premium Cannabis and OMG THC. You can find us online that’s EPCLasVegas.com & OMGTHC.Vegas. And so a couple of different things that I would highlight. One is, is definitely our tincture line with Experience Premium Cannabis. We have the best tincture line on the market. And I’m not simply saying that because of course, oh, I run the company and I have to say it, and anyone who runs a company would say that. This is what our customers tell us. This is what the people that use our tinctures ultimately tell us. So there are we’ve got some really unique and amazing things for pain relief, for sleep, for digestive aids, for helping with respiratory problems and so much more coming down the line. So our tinctures, check them out, you know, check us out online. You can see some of the dispensaries we’re in.
And then I will say, OMG THC, the cornerstone of our brand there is edibles. So we make a lot of chocolate products, including vegan and sugar-free for those of us that, you know, don’t eat animals or dairy products or are diabetic. But we also are expanding into non-chocolate edibles as well, gummies, hard candy, etc. So our edibles are all delicious and they don’t taste like weed. So those make them great.
One of our clients, The Grove in Pahrump (Free shout-out to them), they told us that our chocolate outsells a national brand 2 to 1 at their store because people have tried ours and it’s better. And so, you know, and there’s a large local constituency, they will buy ours hands down, even if we don’t have the marketing and packaging budget that these other big brands do. So we do really have some good quality stuff. And so I encourage people to check it out.
Mel O [00:31:14] Awesome. Well, I really appreciate you coming on today and talking a little bit about the trials and tribulations of being in a sector where you’re legal, but you’re legal in certain places. And I can’t think of in the recent history of anything else that has came online that has been this monumental. I know that as an Xer, when I was born, there was all this, you know, make weed legal and there was all this, you know, kind of pipe dream stuff. And everybody kind of laughed it off and now here we are finally, so many years later that it looks like it. My grandmother had a bout with cancer and she is cancer free now, thank God.
And, you know, for those of you who have had people in your family that have had cancer and had have had to go through chemo, you would lose your appetite and you don’t want to eat, which of course, the chemo makes you weak and then that makes you weaker. And you know, my grandmother used the CBD side of it because of the same thing. She didn’t like the effect of THC in her body, but she found great relief from using the CBD side and it actually helped her get her appetite back and allowed her to get through chemotherapy, thank God, to resolve the two separate cancers she had in her body, which is as kind of a medical anomaly. So I’m really happy that my grandmother is cancer free. And I, I think the CBD definitely helped her get through the process to be able to get better. So I really appreciate you coming on and sharing some of that information. Yeah, it was super great.
And if you guys have any suggestions for the show, you can go ahead and email me at Mel@HotMoonGear.com, and of course, you can follow us on social media at “Finances: The other F-word” on Facebook and Instagram. And of course, our book is on Amazon – “Finances: The other F-word”, another F word to love with 10% of net proceeds going to “Forgotten, Not Gone” and PAWS providing animals with support. We’re going to catch you in the next episode. Thank you so much for listening.
Stephanie Magurno [00:33:15] Bye.
Announcer [00:33:17] Thank you for listening. If you like the show, please rate and review us and tell your friends.
About Experience Premium Cannabis
Experience Premium Cannabis (aka EPC) is a homegrown cannabis product producer in Las Vegas, Nevada. We make solventless products that are good for people and good for the planet. Additionally, we embrace niches in the medical and recreational cannabis market that others ignore or reject. Temple ball hash fan? Concentrate connoisseur? Looking for a specific concentration of CBD and/or cannabis ratio tinctures? You got it! We’ve got you covered!
Additionally, we care about quality and the effects our products have on people’s lives & health. Experience Premium Cannabis use only CO2 and ethanol extraction methods. We NEVER use butane or other petrochemicals to extract our oils. We want our products to be easy on the body and safe for our team to make. Furthermore, we care about our company’s impact on the planet. All of our packages are made with the highest amount of recycled materials allowable by Nevada law. In other words, our products are simple, clean, environmentally friendly, and highly effective.
As always, feel free to reach out to us with any questions or comments you might have. We’re here for you and we’re responsive to your needs. If you’d like to locate our products, check out our dispensaries list. You can also find out more about Experience Premium Cannabis on Leafly. If you’d like to place an order for your Nevada dispensary, check out our Leaflink product profile.
For Adult Use Only
Experience Premium Cannabis products are intended for use by and available to adults 21+ and over. Keep our products out of reach of children and pets. Furthermore, be smart about handling, use, and dosage. In other words, be vigilant. Keep yourself in check. Finally, enjoy our products responsibly and keep everyone safe.