4.8 • 659 Ratings
🗓️ 28 June 2023
⏱️ 50 minutes
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0:00.0 | Hi there, it's Bean! |
0:02.0 | Welcome to an all-new, great moments in weed history. |
0:06.0 | In this episode, I sit down and talk shop with two journalists who are not afraid to get in the weeds when it comes to reporting on this plant that we all love. |
0:16.0 | As dedicated cannabis reporters, their job requires investigating every aspect of this beat, including the industry, |
0:23.6 | the politics, the culture, the smoky backroom deals, the push for social justice and equity, |
0:29.6 | and most important, trying to get to the bottom of how the hell do you lose money selling weed? |
0:36.6 | Well, the classic way is by getting high on your own |
0:39.8 | supply. But something tells me the bean counters in charge of corporate cannabis didn't just smoke |
0:45.7 | up the $4 billion in losses they collectively posted in 2022. That's a real figure, by the way, |
0:53.6 | compiled from publicly available information, |
0:56.3 | hat tip to the financial reporters over at Green Market Report. Anyway, according to my sources, |
1:03.2 | apparently, a lot has changed in the weed game since the days when you'd buy an ounce, |
1:08.1 | sell five-eighths, smoke the rest for free, and still have some profits |
1:12.3 | left over, although I have heard that particular business model is making a comeback big time. |
1:19.1 | My own career as a cannabis journalist started exactly 20 years ago at High Times Magazine |
1:24.9 | back when it was cool. High Times was cool back then. But in those days, |
1:30.3 | being a weed reporter was actually something that got you clown on. As the example to prove |
1:34.9 | the rule, in 2002, the very year I arrived at that journalistic institution, none other than |
1:41.6 | the great Jack Black portrayed a High times reporter on Saturday Night Live and |
1:48.0 | well to be honest it was pretty cliche stuff he wore a tie-dye shirt and had dreadlocks he was kind of dopey |
1:56.0 | and he investigated wild conspiracies about the government's secretly growing weed. |
2:01.6 | Last question. |
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