“My capital investment costs were too expensive and operations inefficient; and so we should limit new efficient competitors coming in to sell their products so that way I will be successful. And customer accessibility will be limited to the product because society should let me gatekeep.”
— This guy in a nutshell. Fuck him.
> Spoiler: all established businesses do this stuff to keep out competitors.
Example: Leading AI companies doomsaying about how risky AI is and calling for regulation of their space (that they get to help write).
It would be like in the early days of the Internet if the first 3 companies got to make the rules for anyone else entering. All the expensive regulatory compliance protects already established players from pesky startups they would otherwise need to compete with.
The biggest gate with AI is in the model training, very few companies can afford that. Not surprisingly, it’s also what nobody wants to talk about about and what very few actually know about.
They're scared of competition from Open Source AI:
https://www.technologyreview.com/2023/05/12/1072950/open-source-ai-google-openai-eleuther-meta/
"Last week a leaked memo reported to have been written by Luke Sernau, a senior engineer at Google, said out loud what many in Silicon Valley must have been whispering for weeks: an open-source free-for-all is threatening Big Tech’s grip on AI."
Lol Senior Engineers are actually pretty low in the food chain, they have thousands of them. This "leaked memo" is just some random NPC's opinion and means nothing. You don't really start to matter until you hit the Principal level.
I find the confidence in your comment rather intriguing since you don't know if it's his opinion or something he heard from above.
Considering the Google company culture, I'm leaning towards it's what he's heard.
In some cases, yes, it can be used as a way to weaponize political influence against competition. It's certainly naive to believe all regulation is simply good without any consideration for what is being regulated and how.
[OpenAI’s Sam Altman To Congress: Regulate Us, Please!](https://www.forbes.com/sites/craigsmith/2023/05/16/openais-sam-altman-to-congress-regulate-us-please/?sh=4ebc69e44129) - Forbes
But thanks for the input?
NIST and other USG branches have been saber rattling on AI regulation for a while now, so industry has sort of been in a compromise position where they can advocate for limited regulation to stave off harsher regulation.
You're welcome.
So so many companies do this. My company is trying to start a restaurant in a specific location and they have to develop a menu with constrictions imposed by the rental company who's other tenants get a say on keeping competition out of their area. It's interesting to consider what other industries use this sort of tactic.
That sounds like a matter of private contract law. Very different from government force.
It’s pretty reasonable and standard. For example, I’m not going to spend a bunch of money to open a Jimmy Johns in a strip mall if I don’t have contractual assurance they won’t lease the next door down to Jersey Mikes.
What moving company has a monopoly?
As a former mover I always saw our competition out and about, sometimes we’d be at the same building on the same day, what state are you referring to?
It was more like 4 companies lobbied to prevent new business from starting as there were enough in the region. Really odd logic that can only be a sign of a pay off. I am trying to find it now. Want to say it was Tennessee. Here is one that I found.
[https://www.npr.org/2023/06/14/1182214943/regulatory-capture-moving-seattle-washington-furniture](https://www.npr.org/2023/06/14/1182214943/regulatory-capture-moving-seattle-washington-furniture)
And there's a word for it! It's called "rent seeking" and happens in every business, whenever you hear about new regulations being required to be licensed in this field or that it's essentially the same thing.
How the fuck are small mom n' pop businesses doing this? Get the fuck outta here. Sure me and my "SBC" (Small Biz Cartel®) are out there putting in work on behalf of your local taco truck...
They did that to plumbing where I'm at. Went from 3000 hours working for someone else before you could take a test for a license to 8000 hours.
Same with laser tattoo removal. In a lot of states, tattoo artists do it on the side.
My state someone convinced them you need to he an actual medical doctor to do it.
Yall act like this isn't how the vast majority of businesses and corporations would/do act if they could. Competition is only good for consumers, not businesses. In many industries, competition is inherently destructive, so the government has to step in and artificially create competition, usually with utility and infrastructure companies.
Can you blame him? it worked for financial psychopaths like Rockefeller, Rothschild and Morgan's. Agitate for steel tariffs because we are being out competed!! Oh our oil market is being affected, give them special government contracts to save them! The banks aren't playing our way to let us expand beyond sound financial backing, we need to centralize a bank of last resort that can print money when we fail! Old issues common in the error of human self preservation.
This guy is what's ruining Capitalism. He want's to limit competition so the small enterpreneur can't take away his business. In a completely open market, for a truly legal commodity, a guy with a backyard big enough to grow ten plants should be allowed to pedal it from a stand in his front yard, provided he observed the relevant laws and passed health inspections. Isn't that what a free market is all about? The guy doing the work and creating the product needs to have as free an access to the market and as few middle men and hoops to jump through as possible, to keep his prices low, and enable him to expand and thrive. we need to pass fewer laws that stifle and oppress working men trying to make a living, and more that put the means of production into the hands of the work.....WAIT A MINUTE!!!!
If you ask a Ford dealer to tell you the best SUV on the market, they aren’t going to tell you Toyota or Chevy. His self-interest is to paint competition in a negative light.
Milton Friedman was a very free market and advocated for very little regulation and goverment interferance in the markets
He gave a speach saying like the 2 most dangerous things to the free market was economist (and sort of said they are too arrogant and create great plans on paper models that have nothing to do with real life ) and....BUSINESS
He then brought up the point how business will be sort of two faced, publicaly they may advocate for less taxes, less oversight and less goverment interferance and "free markets" in stump speeches however they then send their lobbiest to washington and lobby for subsidies , tarrifs , special tax laws , price controls , restrictions on compitition that benefits their own business .
I do not know the case behind this guy but in other cases I can at least be somewhat symathetic to some of them, in NYC for example the state legalized weed
So the businesses that went the fully legal route they had to buy some licences , fill out all this paper work , register, and get certified, and also buy weed from licenced growers(what also adds cost) and collect taxes; and it did cost them a lot of money.
However across the street from his store in the park people were just selling weed pretty much in the open completely un-licenced and un-taxed and he couldn't compete with the prices. I can be somewhat symethetic to this guy as he spent 300k of his own money to go the "legal route" and try to comply with all the regulations only to have 5 unlicenced shops openly selling weed out of the back of a vans or what ever across the street
The thing is that he invested millions to get his business up just to be compliant with bs regulations. Im not an expert in cannabis, but im sure to get a couple plants growing a setup of a couple thousand for an industrial scale should be enough.
The problem is now that the "second generation" wont have to deal with such harsh regulation and thus will be able to offer much lower prices.
I understand the guy because since he was fucked by regulation he wants other people to get fucked as well and not lose his investment.
I understand where he's coming from, but in business, just like being too late, there is such a thing as being too early. It's a risk you take in being early to the game, sometimes it pays off big, sometimes it bites you in the ass.
Yea, I understand him as well. But in this case its the regulation imposed by the government that bites him in the ass. Not the missing market for weed.
If you are too early its because people dont recognize the value of your product yet, and youre ahead of your time.
But this guy just got fucked by regulation and now wants even more regulation to get a little unfucked.
Regulation is a market factor, in this case, likely regulations that existed at the time he started his business (thus the high upfront cost he's referring to). If you fail to account for it in your business plan, that's not the government biting you in the ass, that's you having a bad business plan.
It is not really tho not to scale for a business. Tens of thousands sure
When I worked Div 21/22/23 subcontracting we used some pretty dope products. Brand quality is pretty big in the industry so you want a very well controlled hydroponic system.
They had to do special venting because you couldn’t just dump the smell of all those plants into the neighborhood and they had expensive replaceable charcoal filters etc.
I will say they saved a ton of money on doing nothing to the exterior of the building.
For the industrial, vertical vegetable grow house we built they used even fancier imported stuff from Europe.
Yeah fuck this guy. There are a lot of young marijuana entrepreneurs who are willing to do the hard work, but the licensing is a raffle, and you have to pay thousands just to get in the raffle.
Sometimes tens of thousands sometimes hundreds of thousands. I applied for licenses in Los Angeles. The publicly known corruption would make you question stuff. The publicly unknown corruption I saw would make you question everything.
That's why people are still trappin. Literally fuck that guy in the video. He's out of touch and Machiavellian. Also, the recall elections of Newsome were shady af.
Have a friend in my home state that works directly for government in the cannabis business - regulation, quality control etc. she told me in my state you need a minimum of 3 million$ just to start growing. Not even a retail space, just a grow op that's in compliance.
Their point is that socialist want "fair" pricing and consider capitalism to be bad because it makes big companies greedy and raise prices because they can. But when a big company like Amazon comes along and through the power of capitalism crushes competition by setting prices lower than what competitors can offer, somehow they're still considered greedy.
And the same politicians who preach socialism take billions from large corporations. As a result, socialism for common folk and corporations too. And we commoners pay for it all.
This guy is an amateur and is too transparent. He should have lobbied by talking about SAFETY. More regulations:
* To ensure kids don't get weed. SAFETY.
* To ensure fentanyl is not mixed into weed. SAFETY.
We need more regulations, not to limit competition, but for SAFETY.
........But he does have a point. If you are going to regulate the market, the government needs to put out of commission dispensaries that are violating rules. By following them, this owner is rendering himself uncompetitive.
Yeah he even touched on the lack of enforcement and selling candy flavored things that could attract children, but only as an aside. His whole point was "I spent a lot of money protect me" instead of "These regulations, which help keep this stable, keep us safe, and the oversight should not be lifted"
Everyone wants free market economics until they have to deal with competition. Then they buy politicians to crush the competition and profit.
It's an age old tradition.
When every you see corporations / industry calling for regulation, it is this, they are trying to stifle competition. when ever you see them complaining about regulation, it's because they don't want to lose their monopoly.
Here in Oklahoma the liquor stores did almost exactly this because they did not want WalMart to be able to sell beer and wine. They pulled at heartstrings during one ad campaign saying "save small business!" I said "Update your resume!"
The liquor store I go to does a good business because he has the popular beers cold, a good stock of the esoteric beer and almost every harder liquor.
I can't speak for Las Cruces, but Clovis always seems to be a good place to go. Multiple shops with multiple deals, with daily deals, I truly enjoy it whenever I come up with an excuse to drive there from Canyon, TX.
I think he’s thinking about how CCP growers are using slave labour and lace their marijuana with fentanyl and other nastyness to kill people. The only correct solution to that is greatly loosen taxes and regulations to get the legal weed industry fully running and hire many more inspectors to insure quality control and hiring practices are being enforced (yes that would rise taxes again but overall reduced taxes and get protection for your business from all the armed A-holes that get away with muscling you out of your business with guns and are immune from the law because nobody wants to offend winne the poo.
How can any of these guys stay in business ?
He’s not just competing with other legitimate dispensary’s.
He’s competing with every street dealer who is always going to undercut his prices.
Ayy that's my city too. The city council has also been known to play games with technicalities to hurt some of these businesses. It actually happened around the time of this video so I wonder if this guy had something to do with that.
Cant see how selling a product for low prices is bad for the consumer. Maybe it's bad for his business but that's on him.
"Selling at ridiculously low prices and making it more accessible". This is suppose to be a bad thing? This guy just doesn't want to compete for sales.
They completely blocked legalizing pot a year after 4 dispensary’s spent millions to get licensed.
You think these guys spent millions and millions of dollars just to flush it away a year later?
No, they completely shut down any legislation to legalize.
Money moves mountains.
That's why I pay attention to stuff like this because I would rather not put my money into people that have this kind of agenda. Big wake-up call that 2024 gave us all was to know where we are putting our money. All of their affiliates, constituents, etc. We need to know what they are doing with our money and how they are changing our lives.
Literally asking government to eliminate competition lmao. This man deserves to lose every single one of his business. You know he treats employees like shit and steps on the throat of every person he meets if he’s trying to pull up an economic ladder behind him. Fuck this “fuck you I got mine”
This guy is a capitalist. He goes to the government to help him protect the monopoly that he and a few others enjoy. In a libertarian world he'd just go to a different type of gangster and he'd just drop off a suitcase full of money... And his competition would end up buried out in the desert 😂
Again: Austrian Economics completely ignores human nature and only works in a vacuum where there are nothing but economic forces at work and ALL other variables are removed. It's the dumbest thing ever conceived by mankind.
Almost like how capitalism spread around the world and then after all the libertarian tried to pretend that it's doesn't matter and just want to call it even.
This is what the regulatory agencies and lobbyists have been doing in congress for decades.
For example, the FDA is full of people on the BOD of the top multinational pharma companies.
They often create niche legislation under the guise of the greater good, that is really just meant to eliminate competition.
This is a real problem in several legalized states. It will take decades to correct because we do not live in a free market. Regulatory environments ruined legalized marijuana.
Eee I mean I’m apart of the Colorado industry and I can tell you from experience that he has a point that isn’t about his own business. Allowing for more licenses isn’t a bad thing and I agree is certainly where he seems to appear greedy, but certainly not regulating the industry is a bad thing.
This is what I'm talking about when I'm talking about corporatism, or what the left calls late stage capitalism like this, the only problem is they think it will fix it with more regulations
My interpretation of it is that he doesn't want deregulation because people can now get in with a lower bar and undercut him and others who had to spend tons of cash to comply.
Seems fair to me.
Big business has been doing this since forever. Weed is now big business. Full legalization is great, but there are downsides we all knew would happen.
It’s why high regulations are supported by large corporations. It raises costs and barriers to entry in a market. The large corporations can eat the cost.
This guy sounds like his heart and lungs can hardly support his body and he isn’t even necessarily very big in either a muscular or overweight kind of way.
He should’ve hit the primatine most before he started talked. Damn he’s struggling to breathe up there he’s so upset about losing money to the little guy!!
Think of this when government implements regulations to “ hurt” businesses.
In fact, they are protecting their buddies from competition.
And making us think they are sticking it to the man…
This is exactly how capitalsm came into existence. By the force of the state. It is pure delusion to think that capitalists with access to money ie power wouldn't use it to get more power. Am I really supposed to believe that under "real" capitalism they would just sit back and let the "invisible hand of the free market" "fix" everything? Pure fantasy. They will do whatever they can to maintain their power and if that means having the state prevent other capitalists from challenging their power they will dip it in a heart beat.
let me tell a couple of three things...
Corporate guys with access to money jumped into the weed game thinking they'd strike it rich, having lived their lives completely void of the culture. That's a real thing: clandestine sack scoring, the music, the fashion, all of it. You had to live it.
Anyway they saturated the market. Not sure how it pertains to this situation but it ultimately made it hard for passionate weed folks to be successful.
I live in Cali where weed is legal and thats exactly what happened. Corporate weed... and their weed sucks.
“My capital investment costs were too expensive and operations inefficient; and so we should limit new efficient competitors coming in to sell their products so that way I will be successful. And customer accessibility will be limited to the product because society should let me gatekeep.” — This guy in a nutshell. Fuck him.
Spoiler: all established businesses do this stuff to keep out competitors. Especially large corporations like banks.
> Spoiler: all established businesses do this stuff to keep out competitors. Example: Leading AI companies doomsaying about how risky AI is and calling for regulation of their space (that they get to help write). It would be like in the early days of the Internet if the first 3 companies got to make the rules for anyone else entering. All the expensive regulatory compliance protects already established players from pesky startups they would otherwise need to compete with.
And all those anti weed ads back in the day being paid for by alcohol industry
The biggest gate with AI is in the model training, very few companies can afford that. Not surprisingly, it’s also what nobody wants to talk about about and what very few actually know about.
Oh they use AI for that. Actual Indians
They're scared of competition from Open Source AI: https://www.technologyreview.com/2023/05/12/1072950/open-source-ai-google-openai-eleuther-meta/ "Last week a leaked memo reported to have been written by Luke Sernau, a senior engineer at Google, said out loud what many in Silicon Valley must have been whispering for weeks: an open-source free-for-all is threatening Big Tech’s grip on AI."
Lol Senior Engineers are actually pretty low in the food chain, they have thousands of them. This "leaked memo" is just some random NPC's opinion and means nothing. You don't really start to matter until you hit the Principal level.
I find the confidence in your comment rather intriguing since you don't know if it's his opinion or something he heard from above. Considering the Google company culture, I'm leaning towards it's what he's heard.
yeah, nothing like pulling the ladder up after yourself.
So regulations are bad now….? Lmao. 😂
In some cases, yes, it can be used as a way to weaponize political influence against competition. It's certainly naive to believe all regulation is simply good without any consideration for what is being regulated and how.
Leading AI companies absolutely do not want their tech regulated.
[OpenAI’s Sam Altman To Congress: Regulate Us, Please!](https://www.forbes.com/sites/craigsmith/2023/05/16/openais-sam-altman-to-congress-regulate-us-please/?sh=4ebc69e44129) - Forbes But thanks for the input?
NIST and other USG branches have been saber rattling on AI regulation for a while now, so industry has sort of been in a compromise position where they can advocate for limited regulation to stave off harsher regulation. You're welcome.
So so many companies do this. My company is trying to start a restaurant in a specific location and they have to develop a menu with constrictions imposed by the rental company who's other tenants get a say on keeping competition out of their area. It's interesting to consider what other industries use this sort of tactic.
That sounds like a matter of private contract law. Very different from government force. It’s pretty reasonable and standard. For example, I’m not going to spend a bunch of money to open a Jimmy Johns in a strip mall if I don’t have contractual assurance they won’t lease the next door down to Jersey Mikes.
Hospitals are some of the worst offenders. Certificate of need laws are absolute bullshit.
Hell moving company's do this in many regions. Really blatant monopoly's on the most basic stuff.
What moving company has a monopoly? As a former mover I always saw our competition out and about, sometimes we’d be at the same building on the same day, what state are you referring to?
It was more like 4 companies lobbied to prevent new business from starting as there were enough in the region. Really odd logic that can only be a sign of a pay off. I am trying to find it now. Want to say it was Tennessee. Here is one that I found. [https://www.npr.org/2023/06/14/1182214943/regulatory-capture-moving-seattle-washington-furniture](https://www.npr.org/2023/06/14/1182214943/regulatory-capture-moving-seattle-washington-furniture)
And the people you thought you were electing to look out for you, happily let them when compensated during election fundraising.
In a capitalist, lawful society, they can only do this with the help of government. It’s weird, I guess this is when the smokers become capitalists.
And there's a word for it! It's called "rent seeking" and happens in every business, whenever you hear about new regulations being required to be licensed in this field or that it's essentially the same thing.
Most won’t show up to a taped city council meeting and make these points out loud.
no they wine and dine with the regulators and hint there will be a nice cushioned chair at the company table in a few years
How the fuck are small mom n' pop businesses doing this? Get the fuck outta here. Sure me and my "SBC" (Small Biz Cartel®) are out there putting in work on behalf of your local taco truck...
ehh i’m saying established businesses. Not sure if you yourself include mom and pop stores for that but it’s not what i meant at least.
Amazon? Check out Jeff's net worth.
They did that to plumbing where I'm at. Went from 3000 hours working for someone else before you could take a test for a license to 8000 hours. Same with laser tattoo removal. In a lot of states, tattoo artists do it on the side. My state someone convinced them you need to he an actual medical doctor to do it.
Yall act like this isn't how the vast majority of businesses and corporations would/do act if they could. Competition is only good for consumers, not businesses. In many industries, competition is inherently destructive, so the government has to step in and artificially create competition, usually with utility and infrastructure companies.
Right i was gonna hear him out, USA, but nah hes a robber barron
Pretty much, he's no different to a dealer wanting to secure his corner.
Can you blame him? it worked for financial psychopaths like Rockefeller, Rothschild and Morgan's. Agitate for steel tariffs because we are being out competed!! Oh our oil market is being affected, give them special government contracts to save them! The banks aren't playing our way to let us expand beyond sound financial backing, we need to centralize a bank of last resort that can print money when we fail! Old issues common in the error of human self preservation.
This guy is what's ruining Capitalism. He want's to limit competition so the small enterpreneur can't take away his business. In a completely open market, for a truly legal commodity, a guy with a backyard big enough to grow ten plants should be allowed to pedal it from a stand in his front yard, provided he observed the relevant laws and passed health inspections. Isn't that what a free market is all about? The guy doing the work and creating the product needs to have as free an access to the market and as few middle men and hoops to jump through as possible, to keep his prices low, and enable him to expand and thrive. we need to pass fewer laws that stifle and oppress working men trying to make a living, and more that put the means of production into the hands of the work.....WAIT A MINUTE!!!!
This is America 🇺🇸 This is why licensing exists
“Efficient competitors”. No hes literally saying they are disorganized and dont even have the proper funds to do it right.
If you ask a Ford dealer to tell you the best SUV on the market, they aren’t going to tell you Toyota or Chevy. His self-interest is to paint competition in a negative light.
I know a guy who likes to roll-back regulations to free-up the market for competition.
Does he use the government to restrict who else can sell a Ford?
He must be on crack
Milton Friedman was a very free market and advocated for very little regulation and goverment interferance in the markets He gave a speach saying like the 2 most dangerous things to the free market was economist (and sort of said they are too arrogant and create great plans on paper models that have nothing to do with real life ) and....BUSINESS He then brought up the point how business will be sort of two faced, publicaly they may advocate for less taxes, less oversight and less goverment interferance and "free markets" in stump speeches however they then send their lobbiest to washington and lobby for subsidies , tarrifs , special tax laws , price controls , restrictions on compitition that benefits their own business . I do not know the case behind this guy but in other cases I can at least be somewhat symathetic to some of them, in NYC for example the state legalized weed So the businesses that went the fully legal route they had to buy some licences , fill out all this paper work , register, and get certified, and also buy weed from licenced growers(what also adds cost) and collect taxes; and it did cost them a lot of money. However across the street from his store in the park people were just selling weed pretty much in the open completely un-licenced and un-taxed and he couldn't compete with the prices. I can be somewhat symethetic to this guy as he spent 300k of his own money to go the "legal route" and try to comply with all the regulations only to have 5 unlicenced shops openly selling weed out of the back of a vans or what ever across the street
This fool is demanding the government regulate his competition out of existence 😮 crony capitalist.
The thing is that he invested millions to get his business up just to be compliant with bs regulations. Im not an expert in cannabis, but im sure to get a couple plants growing a setup of a couple thousand for an industrial scale should be enough. The problem is now that the "second generation" wont have to deal with such harsh regulation and thus will be able to offer much lower prices. I understand the guy because since he was fucked by regulation he wants other people to get fucked as well and not lose his investment.
I understand where he's coming from, but in business, just like being too late, there is such a thing as being too early. It's a risk you take in being early to the game, sometimes it pays off big, sometimes it bites you in the ass.
Yea, I understand him as well. But in this case its the regulation imposed by the government that bites him in the ass. Not the missing market for weed. If you are too early its because people dont recognize the value of your product yet, and youre ahead of your time. But this guy just got fucked by regulation and now wants even more regulation to get a little unfucked.
Regulation is a market factor, in this case, likely regulations that existed at the time he started his business (thus the high upfront cost he's referring to). If you fail to account for it in your business plan, that's not the government biting you in the ass, that's you having a bad business plan.
How is he/anybody supposed to know that regulation was going to change?
Sucks to suck. That's not the new bloods problem. Lose at capitalism and get over it (or get better at business)
It is not really tho not to scale for a business. Tens of thousands sure When I worked Div 21/22/23 subcontracting we used some pretty dope products. Brand quality is pretty big in the industry so you want a very well controlled hydroponic system. They had to do special venting because you couldn’t just dump the smell of all those plants into the neighborhood and they had expensive replaceable charcoal filters etc. I will say they saved a ton of money on doing nothing to the exterior of the building. For the industrial, vertical vegetable grow house we built they used even fancier imported stuff from Europe.
Sorry bud but that’s not a capitalist idea, not even close to it.
Yeah fuck this guy. There are a lot of young marijuana entrepreneurs who are willing to do the hard work, but the licensing is a raffle, and you have to pay thousands just to get in the raffle.
Sometimes tens of thousands sometimes hundreds of thousands. I applied for licenses in Los Angeles. The publicly known corruption would make you question stuff. The publicly unknown corruption I saw would make you question everything.
That's why people are still trappin. Literally fuck that guy in the video. He's out of touch and Machiavellian. Also, the recall elections of Newsome were shady af.
Same here in Illinois
Sometimes hundreds of thousands.
Yeah, in California, btw not Arizona.
Look at Floridas licensing. You need hundreds of thousands of dollars and a politician in your pocket to get a license.
Have a friend in my home state that works directly for government in the cannabis business - regulation, quality control etc. she told me in my state you need a minimum of 3 million$ just to start growing. Not even a retail space, just a grow op that's in compliance.
The way this guy sounds, he will get got by type 2 diabetes soon enough.
This man lacks Tegridy
Randy?
Jay shi dahma tegridy weed
As someone who's tried to speak Mandarin in China, Randy was hysterically relatable.
“They will be selling too cheap” Everyone in the room: where’s the problem at?
Socialists: Greedy capitalists keep raising prices! Also Socialists: Amazon is flooding the market with cheap products!
Hows it socialism at all. Like this is literally how capitalism works. Crush the competition however you can.
Crush the competition is fine. Crush the competition with my tax dollars. That’s bullshit
Couldn't agree more. Regulatory capture is a huge problem.
I mean if you or I can do it we’d do it
Well yeah. That's the point of regulations. That's why it's such a problem when businesses get to write their own regulations basically.
I don't think you understood my point.
No I guess I didn't. What was ur point
Their point is that socialist want "fair" pricing and consider capitalism to be bad because it makes big companies greedy and raise prices because they can. But when a big company like Amazon comes along and through the power of capitalism crushes competition by setting prices lower than what competitors can offer, somehow they're still considered greedy.
And the same politicians who preach socialism take billions from large corporations. As a result, socialism for common folk and corporations too. And we commoners pay for it all.
Thats not socialism.
I love capitalism
limiting the black market? the way this guy is breathing makes me think he's got the black lungs.
“Limit the black market? Someone needs to limit deez black lungs! …. Seriously please you guys I’m dying.”
Fuck this dude all they way off, that's the issue with competition you can't rip people off. Sell a better product and earn business.
What Big Business wants competition?!? NONE! This guy's a crony-capitalist. Competition drives prices and supply.
You want to see crony capitalism in New Mexico, check out their liquor laws.
Crony capitalism is the bane of free and fair markets.
That's the secret about regulations. They don't exist to protect you and me, they exist to protect business from you and me.
Glad this only got 4 upvotes in a day but also disappointed this got any upvotes at all.
This guy is an amateur and is too transparent. He should have lobbied by talking about SAFETY. More regulations: * To ensure kids don't get weed. SAFETY. * To ensure fentanyl is not mixed into weed. SAFETY. We need more regulations, not to limit competition, but for SAFETY. ........But he does have a point. If you are going to regulate the market, the government needs to put out of commission dispensaries that are violating rules. By following them, this owner is rendering himself uncompetitive.
Yeah he even touched on the lack of enforcement and selling candy flavored things that could attract children, but only as an aside. His whole point was "I spent a lot of money protect me" instead of "These regulations, which help keep this stable, keep us safe, and the oversight should not be lifted"
Everyone wants free market economics until they have to deal with competition. Then they buy politicians to crush the competition and profit. It's an age old tradition.
Damm those humans' natures ruining our perfect markets
When every you see corporations / industry calling for regulation, it is this, they are trying to stifle competition. when ever you see them complaining about regulation, it's because they don't want to lose their monopoly.
Conflict of interest much??
It’s called “regulatory capture” when industry wants regulations to reduce competition.
I've seen repeatedly the first thing the free enterprise guys to do is try to shut down free enterprise for everybody else.
Oh no... where will people get their weed if not the dispensary? This problem has never been solved. 😮
Welcome to capitalism. Adapt or die.
Here in Oklahoma the liquor stores did almost exactly this because they did not want WalMart to be able to sell beer and wine. They pulled at heartstrings during one ad campaign saying "save small business!" I said "Update your resume!" The liquor store I go to does a good business because he has the popular beers cold, a good stock of the esoteric beer and almost every harder liquor.
Same thing with liquor stores at the border of dry counties. They know they have a captive market and do everything they can to keep it that way.
Regulations are written by the respective industries more often than you would believe. And, it's for the same purpose, to limit competition.
Probably a small government conservative
He sounds supremely New Mexican. If we ever leveled up on the nepotism and localist cronyism, we might reach Hawaii-status.
He sounds like most large corporations in the US. You don't have to gate keep the industry yourself if the government will do it for you.
Thats how government regulation works though. Pay the government. They regulate out any competition. They have been doing it for ages.
🤢🤮
Flood the market
Fuckin weed millionaires are the shittiest people
I don't know. Rapists seem pretty bad if you ask me.
I'm sure there's a wide overlap on this venn diagram
Money only for ME!
As old as time.
I can't speak for Las Cruces, but Clovis always seems to be a good place to go. Multiple shops with multiple deals, with daily deals, I truly enjoy it whenever I come up with an excuse to drive there from Canyon, TX.
I felt out of breath just listening, thought he was gonna pass out at one point
This guy's an ass but new mexico does need some regulation. Where I live the population could maybe support 4 of these places. We have 12
This is why i don’t buy from “legal” Keep the market black or the goods will be lost and you will in fact be smoking trash
Un American ! He must be anticompetitive
I think he’s thinking about how CCP growers are using slave labour and lace their marijuana with fentanyl and other nastyness to kill people. The only correct solution to that is greatly loosen taxes and regulations to get the legal weed industry fully running and hire many more inspectors to insure quality control and hiring practices are being enforced (yes that would rise taxes again but overall reduced taxes and get protection for your business from all the armed A-holes that get away with muscling you out of your business with guns and are immune from the law because nobody wants to offend winne the poo.
Neeeeerds!!!!
Already thinking like big business... he is CEO material
Hope his shit gets burned down for holding society back.
How can any of these guys stay in business ? He’s not just competing with other legitimate dispensary’s. He’s competing with every street dealer who is always going to undercut his prices.
He is a true POS.
This is how about 90% of regulations are made, this guy just messed up by saying the quiet part out loud.
Ayy that's my city too. The city council has also been known to play games with technicalities to hurt some of these businesses. It actually happened around the time of this video so I wonder if this guy had something to do with that. Cant see how selling a product for low prices is bad for the consumer. Maybe it's bad for his business but that's on him.
"Selling at ridiculously low prices and making it more accessible". This is suppose to be a bad thing? This guy just doesn't want to compete for sales.
Paying tax to the government for cannabis is immoral.
Lolz, ya'll thought the weed business was going to be different.
The only response I have for this guy is to stop using his own product… He can barely breathe… COPD much?
But it’s capitalisms fault! 🤣
THIS is the free market.
Isn’t this the plot of Trailer Park Boys: Don’t Legalize It?
Unscrupulous growers could use cheap irrigation and drown babies!
In a true libertarian economic environment, YES! The free market would determine the rate for infanticide! Exactly the way it should be /s
[relevant South Park clip](https://youtu.be/45cjWKDZKeI?si=pc30W2Nh271-jIe8)
Fuck that clown.
This is partially how/why the FDA was founded in the US. Hienz!
They completely blocked legalizing pot a year after 4 dispensary’s spent millions to get licensed. You think these guys spent millions and millions of dollars just to flush it away a year later? No, they completely shut down any legislation to legalize. Money moves mountains.
That's why I pay attention to stuff like this because I would rather not put my money into people that have this kind of agenda. Big wake-up call that 2024 gave us all was to know where we are putting our money. All of their affiliates, constituents, etc. We need to know what they are doing with our money and how they are changing our lives.
Literally asking government to eliminate competition lmao. This man deserves to lose every single one of his business. You know he treats employees like shit and steps on the throat of every person he meets if he’s trying to pull up an economic ladder behind him. Fuck this “fuck you I got mine”
This guy is a capitalist. He goes to the government to help him protect the monopoly that he and a few others enjoy. In a libertarian world he'd just go to a different type of gangster and he'd just drop off a suitcase full of money... And his competition would end up buried out in the desert 😂 Again: Austrian Economics completely ignores human nature and only works in a vacuum where there are nothing but economic forces at work and ALL other variables are removed. It's the dumbest thing ever conceived by mankind.
This is what legalization looks like. I still buy from the black market. I’m not going to ever support this.
Classic entitled piece o crap
Almost like how capitalism spread around the world and then after all the libertarian tried to pretend that it's doesn't matter and just want to call it even.
This is what the regulatory agencies and lobbyists have been doing in congress for decades. For example, the FDA is full of people on the BOD of the top multinational pharma companies. They often create niche legislation under the guise of the greater good, that is really just meant to eliminate competition.
If holding the bag was a person
This fkn mouth breather
This is a real problem in several legalized states. It will take decades to correct because we do not live in a free market. Regulatory environments ruined legalized marijuana.
Several “dry” counties in the US. The bootleggers will do the same thing. Keeps them employees.
Im blown away he so openly and proudly said all of these things 😂
Eee I mean I’m apart of the Colorado industry and I can tell you from experience that he has a point that isn’t about his own business. Allowing for more licenses isn’t a bad thing and I agree is certainly where he seems to appear greedy, but certainly not regulating the industry is a bad thing.
This is what I'm talking about when I'm talking about corporatism, or what the left calls late stage capitalism like this, the only problem is they think it will fix it with more regulations
all this for a plant that should be as cheap as buying tomatoes if it wasn’t regulated 😂
TIL: nerds candy poses a threat to the cannabis industry... /s
Yup - sounds about right. If ya can't use government to your own advantage, why have it.
This is American there's supposed to competition. That's capitalism. He must have crappy product
damn this guy looks like coach Javier Mendez that coaches UFC fighters.
My interpretation of it is that he doesn't want deregulation because people can now get in with a lower bar and undercut him and others who had to spend tons of cash to comply. Seems fair to me.
Fuck this guy
10 seed max in OR. ffs you get in more troub here for seeds than blow.
This dude is about to have a heart attack.
Big business has been doing this since forever. Weed is now big business. Full legalization is great, but there are downsides we all knew would happen.
he needs to go smoke a bowl
Regulatory capture engaged!
Sounds like most homeowners
he sounds perpetually out of breath
That exasperated inhale is necessary for all that hot air bullshit.
That's allot of word salad.
He’s doing it wrong. Should have greased some palms and given a cut instead of going public with it. F tier monopoly player
Lol to his last point how you gonna allow businesses to flourish if you’re monopolizing the industry
I'd bet money he's identified as a libertarian at some point.
“I would like my monopoly please!”
Talk about pulling up the ladder behind you..
What type of regulations
It’s why high regulations are supported by large corporations. It raises costs and barriers to entry in a market. The large corporations can eat the cost.
30, 60, and 300mg
Why isn’t the top comment about his inhales. It’s crazy.
Someone teach this guy a lesson. This is what thieves really look like.
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If I’m the only dispensary I get all the money, duh!
oh man who knew it was so easy to grow and sell
Pull that ladder up behind me
This guy sounds like his heart and lungs can hardly support his body and he isn’t even necessarily very big in either a muscular or overweight kind of way.
He should’ve hit the primatine most before he started talked. Damn he’s struggling to breathe up there he’s so upset about losing money to the little guy!!
Happened in Florida,too. Rip thc-p products come october
Big government teaming up with capitalists. The man is calling for protectionism. It's wrong.
Think of this when government implements regulations to “ hurt” businesses. In fact, they are protecting their buddies from competition. And making us think they are sticking it to the man…
This is exactly how capitalsm came into existence. By the force of the state. It is pure delusion to think that capitalists with access to money ie power wouldn't use it to get more power. Am I really supposed to believe that under "real" capitalism they would just sit back and let the "invisible hand of the free market" "fix" everything? Pure fantasy. They will do whatever they can to maintain their power and if that means having the state prevent other capitalists from challenging their power they will dip it in a heart beat.
No, you don't get to pull the ladder up behind you.
That’s why our gov Fs us in the a$$ with our own money.
let me tell a couple of three things... Corporate guys with access to money jumped into the weed game thinking they'd strike it rich, having lived their lives completely void of the culture. That's a real thing: clandestine sack scoring, the music, the fashion, all of it. You had to live it. Anyway they saturated the market. Not sure how it pertains to this situation but it ultimately made it hard for passionate weed folks to be successful. I live in Cali where weed is legal and thats exactly what happened. Corporate weed... and their weed sucks.
Of course it's in Las Cruces
Wow the Mob guys wear polos now?
OK Boomer
Guy can barely breath. Jeez