WEBVTT - 1-8-25 Sloan with Adam Bankovich

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<v Speaker 1>Do you want to be an American idiot?

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<v Speaker 2>All right, here we go on this very interesting Thursday morning.

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<v Speaker 2>We got lots of go on, a lot of moving

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<v Speaker 2>parts today. First and foremost, of course, what's happening in

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<v Speaker 2>Minnesota as we speak right now with a protest going on.

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<v Speaker 2>Of course, the ice agent shooting a thirty seven year

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<v Speaker 2>old individual during a stop, and we still don't know

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<v Speaker 2>all the working pieces and what actually happened and what

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<v Speaker 2>really transpired. Of course we want know that for some time.

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<v Speaker 2>But the rush to judgment on this whole thing by

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<v Speaker 2>both the left and the right has been incredible. Getting

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<v Speaker 2>too this more after nine thirty five here on the

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<v Speaker 2>Scotsland Show on seven hundred WLW, I wanted to circle

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<v Speaker 2>back though, kind of handle some old business here, something

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<v Speaker 2>that happened over the holidays. And typically that's the way

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<v Speaker 2>things are set up. When you want to do something

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<v Speaker 2>that's controversial or will upset the appal karta, so to speak,

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<v Speaker 2>you tend to do it like on a Friday, a weekend.

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<v Speaker 2>You do it when many people aren't paying attention. I

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<v Speaker 2>would say doing it a Friday when it's the holidays

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<v Speaker 2>is not going to as much attention as it should.

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<v Speaker 2>I'm talking, of course, about what happened to the CBD

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<v Speaker 2>infused beverage ban that Mike de Wine single Bagley took

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<v Speaker 2>his line out of Veto powers and killed an entire industry.

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<v Speaker 2>And this, of course are beverages that are sold were

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<v Speaker 2>sold anywhein Ohio that contained THC small amounts of it too,

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<v Speaker 2>derived of course from CBD, and a lot of people said, hey,

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<v Speaker 2>this is pretty good. We're taking this product. And technically

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<v Speaker 2>it was, yes, a loophole, but a whole industry started

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<v Speaker 2>in what used to be the craft brew industry, and

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<v Speaker 2>a lot of puer veyors were switching over and saying, hey,

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<v Speaker 2>there's a market for this product here. People clearly like it.

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<v Speaker 2>They want more of it, they demanded. And yet the governor,

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<v Speaker 2>in some sort of I don't know what, self righteousness

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<v Speaker 2>or knowing better and being in the Naty State killed

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<v Speaker 2>this whole thing. Joining the show this morning on seven

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<v Speaker 2>hundred WLW is the CEO of Ryan Geisberg right here

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<v Speaker 2>in Cincinnati, Adam Bankovic, Adam, good morning.

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<v Speaker 1>Welcome, good morning, Thanks for having me.

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<v Speaker 2>Yeah, I've talked about a lot this with Steve Hoffman.

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<v Speaker 2>Of course, you know Steve as well and talk to

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<v Speaker 2>other industry leaders like yourself, Adam, and as far as

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<v Speaker 2>you're concern from Ryan Guis's perspective here, because you guys

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<v Speaker 2>are first and foremost the biggest pure veyors of micro

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<v Speaker 2>brief you want to call the micro brew at this point,

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<v Speaker 2>it's probably not the missing seeming how you've grown over

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<v Speaker 2>the last few years that that's entirely accurate. But how

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<v Speaker 2>much of this is impacting your business or will this

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<v Speaker 2>impact your business?

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<v Speaker 1>Sure, absolutely happy to talk about that. I would very

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<v Speaker 1>much still classify as the craft brew or the Brew's

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<v Speaker 1>Association definition put this squarely in there. In the craft

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<v Speaker 1>beer industry, while it's grown rapidly over the past few years,

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<v Speaker 1>to your point, has started to slow and cool off dramatically.

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<v Speaker 1>Specifically within the state of Ohio. For the past year,

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<v Speaker 1>craft beer as a category has been down around eight

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<v Speaker 1>to nine percent. And it's not the first year we've

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<v Speaker 1>seen the climb in the craft beer industry. So, as

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<v Speaker 1>you pointed out, this is an emerging segment that we've

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<v Speaker 1>seen grow rapidly across the country and becoming a real

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<v Speaker 1>part of the marketplace here in Ohio. More recently so,

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<v Speaker 1>Ryan Geist, among many other crap breweries in the state

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<v Speaker 1>of Ohio have looked to it as we know that

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<v Speaker 1>we've got lots of consumers in the marketplace that are

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<v Speaker 1>asking for these beverages and wanting these beverages, and very clearly,

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<v Speaker 1>not only do those consumers want those, but crap breweries

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<v Speaker 1>are very well set up and established to be able

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<v Speaker 1>to produce them safely, responsibly, and effectively, which is something

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<v Speaker 1>that we're huge advocates for that there is smart, responsible

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<v Speaker 1>regulation of this industry, of this marketplace, of these beverages

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<v Speaker 1>to make sure that we're clearly communicating to customers what

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<v Speaker 1>they are, they are only being served to adults twenty

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<v Speaker 1>one and up, and that there's clear regulation in place

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<v Speaker 1>promoting all of that, which is what the Ohio General

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<v Speaker 1>Assembly and Steve Huffman worked so tirelessly on, in my opinion,

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<v Speaker 1>a very great job with SP fifty six creating clear

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<v Speaker 1>responsible regulation, and that's what changed when Governor DeWine chose

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<v Speaker 1>to line at in veto specifically the intoxicating Beverage section

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<v Speaker 1>of sb fify.

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<v Speaker 2>Yeah, and I know there are some other craft brewers

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<v Speaker 2>that are leaning into this more heavily than others have

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<v Speaker 2>as well. And you know it makes me sad because

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<v Speaker 2>you know, you talk to people are like, wow, I

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<v Speaker 2>really like this stuff. You mentioned how the craft beer

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<v Speaker 2>segment itself and craft beer is declining, and we're seeing

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<v Speaker 2>a rapid as you know, gen zers coming along and

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<v Speaker 2>they're just not drinking at the rates. Older millennials and

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<v Speaker 2>certainly Gen xers like myself and baby boomers who are older,

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<v Speaker 2>are consuming alcohol to the point where we've had a

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<v Speaker 2>I was just talking about this yesterday, Gallop, a ninety

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<v Speaker 2>year low. As far as alcohol consumption goes, it's incredible.

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<v Speaker 2>And yet I think that's also true because there are

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<v Speaker 2>so many options in order to well self medicate if

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<v Speaker 2>you or make yourself feel better. I know a lot

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<v Speaker 2>of people that enjoy the THHC slash CBD and fused

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<v Speaker 2>beverages and go. You know what I don't feel is

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<v Speaker 2>maybe as bloated, I don't feel as I feel different

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<v Speaker 2>the next day. I feel actually feel better than I

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<v Speaker 2>do after drinking alcohol, and people are moving towards that.

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<v Speaker 2>Why not satisfy that sector, because that's just true. Do

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<v Speaker 2>you have someone to tell us so heavily invested in

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<v Speaker 2>in graft Room?

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<v Speaker 1>Yeah, the thing I'd like to point out there that

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<v Speaker 1>you mentioned is the beverage category as a whole has

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<v Speaker 1>faced or has realized a lot of diversity, and that

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<v Speaker 1>can be nontoxicating beverages to you name it. And really

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<v Speaker 1>it's the prevalence of choice that the younger generation, to

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<v Speaker 1>your point, has grown up with and now that they're

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<v Speaker 1>of legal drinking age, they're continuing to experience thingsplore that.

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<v Speaker 1>But I'd also point out that everything that we're seeing

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<v Speaker 1>and learning, it's not only the younger generation that are

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<v Speaker 1>interested in the intoxicating HEMP beverages. It's really expanning all

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<v Speaker 1>demographics as everyone's just enjoying the benefits of these low

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<v Speaker 1>test beverages. It'd be really clear when I'm talking about

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<v Speaker 1>the benefits, we are not advertising or marketing these as

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<v Speaker 1>healthy alternatives to alcohol. We're speaking about anecdotes we receive

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<v Speaker 1>from doing consumer studies and panels and talking to those

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<v Speaker 1>that are participating this beverage category. And I think that's

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<v Speaker 1>a really important point that this entire industry is aware

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<v Speaker 1>and acknowledging of, and SB fifty six is also doing

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<v Speaker 1>a good job making sure that there's no unproven health

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<v Speaker 1>claims on packaging as an example, because it's important. Just

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<v Speaker 1>like alcohol is regulated, and I'm not trying to draw

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<v Speaker 1>a direct parallel or make these categories analogous, but there's

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<v Speaker 1>queer governing rules for alcohol and what you can and

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<v Speaker 1>can't do and say about benefits or lack there or

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<v Speaker 1>lack there of of known benefits and alcohol, and that

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<v Speaker 1>makes sense, and it is logical, and a lot of

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<v Speaker 1>regulation and guidelines can and should exist in the intoxicating

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<v Speaker 1>beverage category as well to make sure that we're communicating

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<v Speaker 1>responsibly and effectively to consumers. So when I'm talking about

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<v Speaker 1>those who are choosing to drink less alcohol or abstain

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<v Speaker 1>from alcohol entirely, and maybe they are finding great use

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<v Speaker 1>in the intoxicating a beverage category, we're talking about anecdotes

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<v Speaker 1>and real consumer feedback on learning what they're looking for

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<v Speaker 1>and why they're looking for it, and that's really really different.

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<v Speaker 1>I want to make it really clear that I have

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<v Speaker 1>not seen any actors in the state of Ohio. Certainly

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<v Speaker 1>our intent to falsely advertiser represents these products, but at

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<v Speaker 1>the same time, we do know why the consumers are

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<v Speaker 1>turning to them.

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<v Speaker 2>Yeah, no, And it makes a lot of sense and

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<v Speaker 2>you know, I'm a big believer, propared owner of giving

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<v Speaker 2>the people what they want. And not only that, you know,

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<v Speaker 2>it's seemingly grossly unfair to yourself and other peer veyors, Adam,

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<v Speaker 2>that you invested a lot in that technology and infrastructure

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<v Speaker 2>to ramp this up, only to have that karpo pulled

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<v Speaker 2>off from und you has the Dwine administration Mike Dwine

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<v Speaker 2>himself addressed this to your satisfaction and yeah, I've talked

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<v Speaker 2>to lawmakers like Steve Hoffman and others, and there's seemingly

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<v Speaker 2>no answer for the line. I'm as to why he

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<v Speaker 2>struck this down. Are you getting satisfactory responses from him?

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<v Speaker 2>Is what the reasoning was?

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<v Speaker 1>You know, we're still looking for it. And to be clear,

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<v Speaker 1>we do respect the governor's role and what we're advocating

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<v Speaker 1>for here is clarity and consistency going forward. And we

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<v Speaker 1>spent a lot of time working with the High General

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<v Speaker 1>Assembly and feel like they took all you know, proponents

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<v Speaker 1>and opponents of this issue in the consideration in crafting

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<v Speaker 1>SP fifty six. So yes, it was very disruptive and

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<v Speaker 1>shocking when the line Audam Vita specific just toe in

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<v Speaker 1>toxicating hemp beverages was introduced and signed all at once,

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<v Speaker 1>and so we're still to your point when we open

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<v Speaker 1>the segments that was right around the holidays, and we're

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<v Speaker 1>all as an industry collectively, and I'm talking about manufacturers

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<v Speaker 1>to distributors to retailers, all of us, which are the

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<v Speaker 1>three tiers of the system here to get this out

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<v Speaker 1>to market. We're still kind of gathering and understanding exactly

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<v Speaker 1>what happened and what can be done about it so

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<v Speaker 1>that all the investments that have been made can be

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<v Speaker 1>sustained going forward, and honestly, more importantly, in my opinion,

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<v Speaker 1>this is also about supporting Ohio business and making Ohio

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<v Speaker 1>business competitive with other state manufacturers or even national companies

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<v Speaker 1>who are finding great success with these beverages and states

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<v Speaker 1>that have created very smart, very responsible regulation. And I

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<v Speaker 1>think the General Assembly was doing a great job looking

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<v Speaker 1>at what other states have done, who were ahead of

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<v Speaker 1>the curve in this category than we were, and trying

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<v Speaker 1>to get to Ohio up the speed because there's other

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<v Speaker 1>commentary happening where federally. In November of twenty twenty six,

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<v Speaker 1>not only will intoxicating HEMP no longer be allowed, which

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<v Speaker 1>was passed as part of the reopening of the federal

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<v Speaker 1>governm in the Appropriations bill related to Partment of Agriculture,

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<v Speaker 1>but also CBD beverages and CBD products are also going

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<v Speaker 1>to be limited in November of twenty twenty six, and

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<v Speaker 1>that's an even larger category than the intoxicating hemp, CBD

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<v Speaker 1>being a cannabinoid from the same plant that is non

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<v Speaker 1>intoxicating and lots of people turn to for health benefits.

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<v Speaker 1>So really, what Ohio, in my opinion, should be doing

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<v Speaker 1>is using the smart responsible regulation from Sub sixty six

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<v Speaker 1>to allow Ohio business to continue to prosper. And then

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<v Speaker 1>in SB fifty six there was also a consideration acknowledging

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<v Speaker 1>that when the federal government provides more clarity prior to

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<v Speaker 1>November twenty twenty six, Ohio will look at that and

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<v Speaker 1>then adapt as necessary. Whereas right now we're in a

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<v Speaker 1>situation that the industry will have to shut down in

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<v Speaker 1>March if nothing changes, and that will leave Ohio businesses

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<v Speaker 1>behind other states who continue to regulate and support this marketplace.

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<v Speaker 2>Yeah, I mean, we want no one suggesting that companies

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<v Speaker 2>like yourself say there's no regulation. Of course, there should

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<v Speaker 2>be regulation. Health health departments oversee you there's you know,

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<v Speaker 2>all sorts of regulation has involved in that industry as well,

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<v Speaker 2>should be if you're infusing something with cannabinoids. Okay, I

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<v Speaker 2>get that, But to simply strike it and say we're

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<v Speaker 2>not doing this anymore is rather insane because you know,

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<v Speaker 2>one may say, well are you getting you know it

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<v Speaker 2>is the wine getting lobby money from big alcohol?

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<v Speaker 1>Well?

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<v Speaker 2>Probably, I don't know, because it's you know, if people

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<v Speaker 2>aren't consuming the product like they once did, and there's

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<v Speaker 2>all their alternatives out there. You mentioned non alcoholics Adam

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<v Speaker 2>Bankovich from ryan Geist that you know, that's another big

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<v Speaker 2>sector right there. Mocktails are huge right now. Nan alcohol

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<v Speaker 2>beers are fantastics. I've tried many of them, and it's

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<v Speaker 2>certainly not like the when oduels rolled out back in

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<v Speaker 2>the day, it was it didn't taste very good. Now

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<v Speaker 2>they taste really really good, and so there's a lot

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<v Speaker 2>of diversity in those products that you offer as well.

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<v Speaker 2>But simply banning entire sector here doesn't seem to be

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<v Speaker 2>a good idea because people are going to people demand it,

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<v Speaker 2>but they're going to find a different alternative to this,

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<v Speaker 2>which might be even more dangerous, which is is the

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<v Speaker 2>scary part. Is there a hope that legislatively speaking, this

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<v Speaker 2>is not dead.

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<v Speaker 1>Absolutely, We've been working almost every day, honestly, including over

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<v Speaker 1>the holiday break. We again being kind of this collective industry,

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<v Speaker 1>and not just craft brewers in Ohio specifically, but again

0:11:14.760 --> 0:11:18.359
<v Speaker 1>the distributors and retailers also. So there's already a referendum

0:11:18.440 --> 0:11:21.800
<v Speaker 1>that's been submitted, and so that effort is ongoing. It's

0:11:21.800 --> 0:11:24.640
<v Speaker 1>been turned in in my understanding, already to Franklin Rose,

0:11:24.679 --> 0:11:27.560
<v Speaker 1>the Secretary of State and Devostate Attorney General, and so

0:11:27.640 --> 0:11:30.720
<v Speaker 1>that timeline is that they need to review the referendum

0:11:30.760 --> 0:11:34.480
<v Speaker 1>magic was submitted by January thirteenth, to approve the signatures

0:11:34.520 --> 0:11:37.559
<v Speaker 1>and verify it. And if and when that happens on

0:11:37.600 --> 0:11:40.920
<v Speaker 1>the thirteenth, then the deadline becomes a date in March

0:11:41.000 --> 0:11:43.280
<v Speaker 1>to be named where two hundred and forty eight thousand,

0:11:43.480 --> 0:11:46.760
<v Speaker 1>ninety two signatures would be needed across the eight counties

0:11:46.800 --> 0:11:49.079
<v Speaker 1>of Ohio, and there's a certain number needed within forty

0:11:49.080 --> 0:11:51.560
<v Speaker 1>four of the eighty eight counties. And if that referendum

0:11:51.600 --> 0:11:54.600
<v Speaker 1>were to pass and be approved, then this issue would

0:11:54.600 --> 0:11:57.080
<v Speaker 1>actually end up on the November ballot and voters would

0:11:57.120 --> 0:12:00.199
<v Speaker 1>decide what they want to happen. Separately from that, we're

0:12:00.240 --> 0:12:03.040
<v Speaker 1>also having conversations with the General Assembly as we did

0:12:03.040 --> 0:12:06.000
<v Speaker 1>as they were crafting se fifty six. Lots of members

0:12:06.559 --> 0:12:10.240
<v Speaker 1>on all sides, both political parties, House and Senate have

0:12:10.440 --> 0:12:13.719
<v Speaker 1>been listening, which is really really encouraging, and I've been

0:12:14.080 --> 0:12:16.160
<v Speaker 1>very appreciative of all those efforts. So we're still talking

0:12:16.160 --> 0:12:18.360
<v Speaker 1>to them to see if there's any interest within the

0:12:18.400 --> 0:12:21.600
<v Speaker 1>General Assembly on a legislative override, but that would require

0:12:21.840 --> 0:12:24.079
<v Speaker 1>a two thirds vote approval in both the House and

0:12:24.120 --> 0:12:28.640
<v Speaker 1>the Senates, and those conversations aroundgoing, I'm not sure if

0:12:28.679 --> 0:12:29.880
<v Speaker 1>there's enough interest there or not.

0:12:30.320 --> 0:12:32.600
<v Speaker 2>Yeah, as upset as I am, and even you more

0:12:32.640 --> 0:12:34.400
<v Speaker 2>so about this whole thing, I think there's hope and

0:12:34.440 --> 0:12:36.000
<v Speaker 2>a since you've got a lame duck governor, you've got

0:12:36.040 --> 0:12:39.320
<v Speaker 2>to do administration coming in, and I think they're going

0:12:39.360 --> 0:12:41.880
<v Speaker 2>to set the record straight because clearly they're a mindset

0:12:41.960 --> 0:12:44.920
<v Speaker 2>in Ohio that hey, we've been using these products responsibly.

0:12:44.960 --> 0:12:48.200
<v Speaker 2>People clearly enjoy them, the market, the sectors growing. Why

0:12:48.240 --> 0:12:50.719
<v Speaker 2>would you try to take that away, especially if you're

0:12:50.760 --> 0:12:54.640
<v Speaker 2>someone who allegedly is pro small business in business growth,

0:12:54.640 --> 0:12:57.600
<v Speaker 2>why would you limit that It doesn't make much sense.

0:12:58.120 --> 0:13:00.839
<v Speaker 2>Adam Bankovic is the CEO of Guys, joining the show

0:13:00.840 --> 0:13:03.760
<v Speaker 2>this morning with Sloani here on seven hundred WLW. Kind

0:13:03.800 --> 0:13:05.680
<v Speaker 2>of revisiting we'll get in the Minnesota stuff on this

0:13:05.679 --> 0:13:08.520
<v Speaker 2>a little bit different topic entirely obviously, but this is

0:13:08.520 --> 0:13:11.120
<v Speaker 2>something that happened over the holidays, and generally when stuff

0:13:11.120 --> 0:13:13.400
<v Speaker 2>happens over the holidays or a weekend, it's something that

0:13:14.400 --> 0:13:16.640
<v Speaker 2>you know, the establishment really doesn't want you to know about.

0:13:16.679 --> 0:13:18.760
<v Speaker 2>They kind of downplay it. It's a huge issue because

0:13:18.760 --> 0:13:20.600
<v Speaker 2>so many people enjoyed it and going, wait, what they're

0:13:20.600 --> 0:13:21.400
<v Speaker 2>taking this stuff away?

0:13:21.400 --> 0:13:21.600
<v Speaker 1>Why?

0:13:21.600 --> 0:13:25.120
<v Speaker 2>It's really good? And I'm a big proponent and you know,

0:13:25.240 --> 0:13:26.959
<v Speaker 2>if you're an adult, you should be able to choose

0:13:27.000 --> 0:13:29.400
<v Speaker 2>what it is that you put in your body for sure,

0:13:29.480 --> 0:13:32.520
<v Speaker 2>and as long as there's regulation involved there and some

0:13:32.720 --> 0:13:35.360
<v Speaker 2>oversight to make sure you're not getting sick. I say,

0:13:35.360 --> 0:13:39.280
<v Speaker 2>have added, have ad all you want, because tastes indeed change.

0:13:40.000 --> 0:13:42.200
<v Speaker 2>Hopefully in the next year we have some solution to

0:13:42.200 --> 0:13:45.160
<v Speaker 2>this whole thing, Adam, because you know, to think of

0:13:45.240 --> 0:13:48.360
<v Speaker 2>how much money you yourself invested in. Other individuals I

0:13:48.400 --> 0:13:52.120
<v Speaker 2>talked to involved in the craft brew industry in Cincinnati.

0:13:52.679 --> 0:13:54.920
<v Speaker 2>You know, you don't want to see those investments simply

0:13:54.960 --> 0:13:58.160
<v Speaker 2>just evaporate as they have so far in the interim.

0:13:58.800 --> 0:14:02.199
<v Speaker 2>How you holding up? You're painting a picture saying, Wow,

0:14:02.240 --> 0:14:03.960
<v Speaker 2>you're the craft brew thinks kind of fading. We're kind

0:14:03.960 --> 0:14:06.880
<v Speaker 2>of leaning into this, and you know, maybe not for

0:14:06.880 --> 0:14:10.000
<v Speaker 2>you guys, because the scale in which you guys operated

0:14:10.040 --> 0:14:11.920
<v Speaker 2>much bigger than a lot of locals. But the craft

0:14:11.920 --> 0:14:14.679
<v Speaker 2>brew industry and know locally internationally, tends to be a

0:14:14.720 --> 0:14:17.319
<v Speaker 2>close knit group of people who are, yeah, competitors, but

0:14:17.320 --> 0:14:19.120
<v Speaker 2>at the same time you kind of pull for each other.

0:14:19.600 --> 0:14:22.040
<v Speaker 2>How are some of these smaller operations doing do you know?

0:14:23.840 --> 0:14:25.560
<v Speaker 1>Yeah, fuk with lots of them that think it impacts

0:14:25.600 --> 0:14:27.920
<v Speaker 1>all of them differently. You're one hundred percent right. It's

0:14:28.000 --> 0:14:31.920
<v Speaker 1>a very cordial community within craft beer where we have

0:14:31.960 --> 0:14:35.920
<v Speaker 1>the Ohiocraft Brewers Association meeting in a couple of days

0:14:35.920 --> 0:14:38.680
<v Speaker 1>of conferences coming up here not too long from now,

0:14:38.720 --> 0:14:41.640
<v Speaker 1>and this was a large topic last year. The Ohio

0:14:41.720 --> 0:14:44.600
<v Speaker 1>Preppers Association did a great job bringing in national experts

0:14:44.640 --> 0:14:46.840
<v Speaker 1>to talk with the ohiocraft brewers about it. And I

0:14:46.840 --> 0:14:49.280
<v Speaker 1>know there's some that are reeling from this more than others,

0:14:49.400 --> 0:14:51.320
<v Speaker 1>I think the answer for all of us is that

0:14:51.800 --> 0:14:55.520
<v Speaker 1>we need to find whatever can possibly work to just

0:14:55.560 --> 0:14:57.920
<v Speaker 1>make sure that we're staying competitive within the marketplace. And

0:14:57.960 --> 0:14:59.760
<v Speaker 1>it's really hard to do. When we spent a lot

0:14:59.760 --> 0:15:02.600
<v Speaker 1>of time here today talking about the diversity beverage. I

0:15:02.640 --> 0:15:04.880
<v Speaker 1>agree with you, non alcoholic beers have come a long way,

0:15:05.160 --> 0:15:07.360
<v Speaker 1>but the rallies they're very expensive to make. So if

0:15:07.360 --> 0:15:10.360
<v Speaker 1>we're looking at the areas where craft brews can invest

0:15:10.880 --> 0:15:13.960
<v Speaker 1>and make some things safely and effectively and responsibly and

0:15:14.040 --> 0:15:16.920
<v Speaker 1>support our businesses that we've established, of craft beers declining.

0:15:16.960 --> 0:15:20.000
<v Speaker 1>Since we are not able to control the general trends

0:15:20.000 --> 0:15:22.720
<v Speaker 1>of the craft beer marketplace, there's very few things that

0:15:22.760 --> 0:15:25.520
<v Speaker 1>we concerned to and look to do. And this is

0:15:25.520 --> 0:15:27.640
<v Speaker 1>one of those emerging segments like the early days of

0:15:27.640 --> 0:15:30.120
<v Speaker 1>the craft beer boom, where a lot of Ohio craft

0:15:30.160 --> 0:15:32.160
<v Speaker 1>brewers are looking at this saying, hey, we can make that,

0:15:32.200 --> 0:15:34.160
<v Speaker 1>we can make it taste great, we can have it tested,

0:15:34.560 --> 0:15:38.040
<v Speaker 1>we can follow all the responsible labeling requirements. So if

0:15:38.040 --> 0:15:39.840
<v Speaker 1>it's not this, we're going to have to learn what

0:15:39.960 --> 0:15:42.600
<v Speaker 1>else we can do. And you're right, we ryn Gus

0:15:42.640 --> 0:15:44.880
<v Speaker 1>is a larger craft brewers in the state of Ohio.

0:15:45.560 --> 0:15:48.560
<v Speaker 1>But you're also right that we've spent a long time

0:15:48.800 --> 0:15:51.080
<v Speaker 1>developing this product and for the marketplace to go away

0:15:51.080 --> 0:15:54.960
<v Speaker 1>in Ohio is very disappointing, and we're really hoping that

0:15:55.040 --> 0:15:57.000
<v Speaker 1>something will change to allow it to exist as we

0:15:57.080 --> 0:15:58.720
<v Speaker 1>wait for the federal guidance.

0:15:59.200 --> 0:16:03.160
<v Speaker 2>How much you on your list as a CEO, your

0:16:03.160 --> 0:16:06.280
<v Speaker 2>plate is always overflowing, right, How high up on the

0:16:06.280 --> 0:16:07.920
<v Speaker 2>list is this for you? Of concerns?

0:16:09.320 --> 0:16:11.760
<v Speaker 1>Very high, very hid. It took us. We spent two

0:16:11.840 --> 0:16:15.240
<v Speaker 1>years learning about this marketplace and developing Fuzzy Bones, which

0:16:15.320 --> 0:16:18.320
<v Speaker 1>is our brand of in tox getting hemp beverages, and

0:16:18.400 --> 0:16:20.360
<v Speaker 1>we're really proud of the brand, and we think we

0:16:20.400 --> 0:16:23.520
<v Speaker 1>did a great job with the liquids and all the

0:16:23.600 --> 0:16:26.560
<v Speaker 1>characteristics of that product. And so to spend two years

0:16:26.600 --> 0:16:28.960
<v Speaker 1>on something and then for the marketplace to go away

0:16:29.080 --> 0:16:33.040
<v Speaker 1>overnight when we worked so hard to make sure that

0:16:33.280 --> 0:16:35.880
<v Speaker 1>the iiO generally assembly was informed about the category and

0:16:35.880 --> 0:16:38.920
<v Speaker 1>writing regulations to allow and promote business to exist in

0:16:38.960 --> 0:16:42.480
<v Speaker 1>Ohio was disappointing. So you're right, there's lots of things

0:16:42.520 --> 0:16:44.400
<v Speaker 1>on my priority list, but this has been up top

0:16:44.480 --> 0:16:46.680
<v Speaker 1>the priority list for a long time and it's going

0:16:46.760 --> 0:16:47.360
<v Speaker 1>to remain there.

0:16:47.520 --> 0:16:51.000
<v Speaker 2>Well, this is something I strongly advocate for, Adam, and

0:16:51.640 --> 0:16:53.080
<v Speaker 2>keep me in the loop on it and how things

0:16:53.080 --> 0:16:56.680
<v Speaker 2>are going. Lawmakers on all the time, people like yourself.

0:16:56.720 --> 0:16:59.840
<v Speaker 2>It's senseless to think that just on the whims of

0:17:00.040 --> 0:17:01.880
<v Speaker 2>an individual, that this stuff all goes away and then

0:17:01.920 --> 0:17:04.800
<v Speaker 2>there's no accountability for the action whatsoever, no reason as

0:17:04.800 --> 0:17:07.840
<v Speaker 2>to why you would eliminate an entire growing sector that

0:17:07.960 --> 0:17:10.600
<v Speaker 2>clearly adult. OHI ones want. I wish all the best, Adam,

0:17:10.600 --> 0:17:13.480
<v Speaker 2>thanks for joining the show this morning. Take care, Thank

0:17:13.520 --> 0:17:16.280
<v Speaker 2>you to all the best. Ana Binkovic, CEO at RANG

0:17:16.320 --> 0:17:19.000
<v Speaker 2>guys here in Cincinnati. You know want you want people

0:17:19.000 --> 0:17:20.800
<v Speaker 2>not to pay attention to do it during the holidays.

0:17:21.280 --> 0:17:24.320
<v Speaker 2>You know, I'll be equally as hard on conservatives as

0:17:24.320 --> 0:17:26.440
<v Speaker 2>I will liberals in the sense that you know, look

0:17:26.480 --> 0:17:29.520
<v Speaker 2>at holding the feet of the fire the pure Vaul administration,

0:17:29.560 --> 0:17:32.320
<v Speaker 2>for example, when it comes to transparency and accountability. I

0:17:32.359 --> 0:17:35.280
<v Speaker 2>will turn that towards Governor DeWine here too. There's no answer.

0:17:35.320 --> 0:17:39.280
<v Speaker 2>I've talked to lawmakers and people like Adam that there's

0:17:39.320 --> 0:17:42.120
<v Speaker 2>no reason as to why Mike Dewaine decided who's gonna

0:17:42.160 --> 0:17:45.120
<v Speaker 2>kill this entire sector doesn't after to answer to anybody

0:17:45.119 --> 0:17:46.840
<v Speaker 2>in that regard to and we still don't know why

0:17:47.280 --> 0:17:49.640
<v Speaker 2>that should trouble all of us listening. Quick time out,

0:17:49.680 --> 0:17:51.760
<v Speaker 2>we'll pivot, we'll get to the very latest. What's going

0:17:51.760 --> 0:17:53.720
<v Speaker 2>on in Minnesota, me and you talking this one out

0:17:54.560 --> 0:17:56.560
<v Speaker 2>as to what you saw in your reaction coming up

0:17:56.600 --> 0:17:59.680
<v Speaker 2>next year. And something that I think was missed in

0:17:59.720 --> 0:18:01.920
<v Speaker 2>this whole thing in our fight over who's right and

0:18:01.920 --> 0:18:04.120
<v Speaker 2>who's wrong in America, I think we're missing the big

0:18:04.160 --> 0:18:06.520
<v Speaker 2>picture on something. I'll touch on that right after news

0:18:06.600 --> 0:18:08.480
<v Speaker 2>update here on seven hundred ww