Steve Robinson
👤 SpeakerAppearances Over Time
Podcast Appearances
And it's a cash business.
It's a cash business everywhere you go, whether it's legal operators or illegal operators, because the federal prohibition prevents you from accessing traditional payment rails.
So you can't swipe a Visa credit card
and buy marijuana at a dispensary.
You have to use the ATM that they have at the dispensary.
So you're dealing with, just in Oklahoma, $150 billion a year in illicit sales, all cash.
In Maine, they've estimated that it's somewhere between $4 and $5 billion.
Personally, I think that law enforcement has a little strain of the reefer madness overestimating the value.
I don't think they fairly take into the equation the costs of doing business, reinvesting in new real estate, buying chemicals, buying spools of copper wire to put together a marijuana grow.
So I think that that might be a little bit on the high end, but we're talking about massive, massive amounts of cash that are then reinvested into new real estate and
other malign activities of the CCP.
Some of this stuff goes far beyond the remit of a journalist from Maine.
Yes.
And yes.
What am I missing?
So the the cannabis that they're producing more often than not has pesticides on it, banned substances.
There are 13 or 14 different pesticides that have been identified on
at Chinese grows in California that are prohibited for use in the United States on anything.
And these are indoor?
They are indoor grows in the Siskiyou forest in Northern California.