David Friedberg
π€ SpeakerAppearances Over Time
Podcast Appearances
What should happen here is that there needs to be a complete moratorium and the federal government should be given the time to figure out what the framework should be so that there is a one size, one set of rules.
Now, if that doesn't happen and this is allowed to stand, there is a perfect example of where this has happened before, and that is in the car market.
Because in the car market, what happened was there is a complete set of rules in California for emissions that is entirely different than the rest of the country.
And you can look and see what it did.
Now, that's just two sets of rules.
And what the... Hold on, let me finish.
Let me finish.
Okay.
And so what these two sets of rules, going from one set of rules to two, what did it do?
It drove most of these companies to go towards barely breakeven or massively money losing.
It has been something that the entire industry has been fighting back on for now 10 plus years.
Now, can you imagine instead of two sets of rules, you have 50?
I think you know what the economic consequences will be.
You'll render this entire category incapable of being able to generate any positive economic output.
Cannabis is a poison, and it is the worst thing in the world for our children.
Cannabis in general are trash.
Okay, we know your position on that.
Eric, we had a major open source initiative with Meta.
You know, incredible balance sheet, tremendous technical firepower, but they seem to have mis-executed and now are taking a step back and reformulating something, to your point, that looks a little bit more closed source.
Is there something that the American bigger companies need to be doing in open source so that we can actually combat this?