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Great Moments in Weed History

Corruption, Lawsuits and Moldy Bud—WTF’s Going On With Legal Weed?

Great Moments in Weed History

David Bienenstock

Tv & Film, Comedy, History

4.8659 Ratings

🗓️ 28 June 2023

⏱️ 50 minutes

🧾️ Download transcript

Summary

Journalism is the first draft of history—so who better to explain the rapidly evolving cannabis scene of 2023 than a couple of dedicated reporters on the weed beat? Tauhid Chappell is an Executive Board Member of the Philadelphia Association of Black Journalists. He’s worked at the Washington Post, the Philadelphia Inquirer and the Free Press. Jelani Gibson reports for New Jersey Cannabis Insider, a joint effort from NJ.com and The Star Ledger.  They took a break from telling truth to power and following the money to give us an insider's peak behind the scenes of how legal weed really works—and who it works for. EPISODE ARCHIVE Visit our podcast feed for 90+ episodes of our classic Great Moments in Weed History format, and subscribe now to get a new weekly podcast every Weednesday. PATREON Please support Great Moments in Weed HIstory on Patreon. Supporters get exclusive access to video versions of this podcast and private seshes, plus cool rewards like a signed book. And it truly helps us make the best show possible

Transcript

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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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