1 00:00:00,200 --> 00:00:02,480 Speaker 1: Heard around the world on the I Heart Radio app 2 00:00:02,720 --> 00:00:06,600 Speaker 1: Apple Podcast over wherever you get your podcast, it's Cannabis 3 00:00:06,600 --> 00:00:10,760 Speaker 1: Talk one oh one with Flue. Hello, welcome to Cannabis 4 00:00:10,760 --> 00:00:12,640 Speaker 1: Talk one on one, the world's number one source for 5 00:00:12,680 --> 00:00:14,960 Speaker 1: everything cannabis. My name is Blue. Alongside of me is 6 00:00:15,040 --> 00:00:17,119 Speaker 1: Mr Joe Grande and you are now tuned into the 7 00:00:17,120 --> 00:00:20,239 Speaker 1: greatest cannabis show on the planet. That is true right there. 8 00:00:20,280 --> 00:00:22,119 Speaker 1: Thank you guys all for listening to our podcast all 9 00:00:22,160 --> 00:00:24,360 Speaker 1: around the world, Cannabis Talk one on one. Check out 10 00:00:24,360 --> 00:00:26,560 Speaker 1: our website cannabis Talk one on one dot com, as 11 00:00:26,600 --> 00:00:28,760 Speaker 1: we are the world's number one source for everything cannabis. 12 00:00:28,800 --> 00:00:30,680 Speaker 1: So many great articles and blogs on there for you 13 00:00:30,680 --> 00:00:32,199 Speaker 1: to check out and make sure you give us a 14 00:00:32,200 --> 00:00:37,440 Speaker 1: call anytime. Check out the i G pages at Cannabis 15 00:00:37,440 --> 00:00:39,680 Speaker 1: Talk one oh one. My brother right here is at 16 00:00:39,880 --> 00:00:42,680 Speaker 1: one Christopher right you can find Blue right there, and 17 00:00:42,720 --> 00:00:44,839 Speaker 1: I am at Joe Grande fifty two. And let me 18 00:00:44,840 --> 00:00:47,320 Speaker 1: tell you guys about the Bear Flag Group. 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On 26 00:01:13,400 --> 00:01:16,880 Speaker 1: the show today, this dude is he might as well 27 00:01:16,920 --> 00:01:19,240 Speaker 1: come with a vault on him because he's such a banker, right, 28 00:01:19,280 --> 00:01:20,600 Speaker 1: I mean I thought he was gonna come in like 29 00:01:20,640 --> 00:01:24,120 Speaker 1: a banker suit and everything else. He flies in from 30 00:01:24,120 --> 00:01:27,600 Speaker 1: the windy city of good in New York. Yeah, and 31 00:01:27,600 --> 00:01:30,160 Speaker 1: and the jet that he was on had all these 32 00:01:30,200 --> 00:01:32,840 Speaker 1: like you know, secured everything, because you know that's how 33 00:01:32,880 --> 00:01:37,319 Speaker 1: he is. Peter Sue from Green Check Verified. It's funny. 34 00:01:37,360 --> 00:01:39,920 Speaker 1: When I first seen green Check Verified, I'm like, does 35 00:01:39,959 --> 00:01:43,120 Speaker 1: that mean he's verified? Like on I G what is 36 00:01:43,200 --> 00:01:46,520 Speaker 1: green Check Verified? Well, Peter Seu has twenty plus years 37 00:01:46,560 --> 00:01:48,440 Speaker 1: We're gonna find out exactly what it is, but twenty 38 00:01:48,480 --> 00:01:51,880 Speaker 1: plus years of banking experience under his belt. Now he 39 00:01:52,000 --> 00:01:56,680 Speaker 1: stops at h s b C. Right, what is HSBC? 40 00:01:56,840 --> 00:01:59,400 Speaker 1: First off, Peter, Well, it technically stands for Hong Kong 41 00:01:59,440 --> 00:02:03,040 Speaker 1: Shot Banking Corporation, but they've long since it's just an acronym. 42 00:02:03,080 --> 00:02:04,800 Speaker 1: It's kind of silly. Well, there you go. And then 43 00:02:04,880 --> 00:02:08,080 Speaker 1: Signature Bank, Dime and East West Bank have heard of 44 00:02:08,120 --> 00:02:12,480 Speaker 1: those ones. He has grown a de novo cannabis banking 45 00:02:12,520 --> 00:02:19,000 Speaker 1: what's denavo donovo? Excuse me? Okay, so a new cannabis 46 00:02:19,000 --> 00:02:22,320 Speaker 1: banking program from the ground up, as well as joined 47 00:02:22,320 --> 00:02:26,800 Speaker 1: the developed cannabis banking program with an eye to go national. 48 00:02:26,919 --> 00:02:29,080 Speaker 1: I can't wait to pick his brain about everything and 49 00:02:29,120 --> 00:02:31,760 Speaker 1: what they're doing over there. He is currently on the 50 00:02:31,800 --> 00:02:35,160 Speaker 1: Banking and Financial Service Committee of the n c i 51 00:02:35,280 --> 00:02:38,800 Speaker 1: A and chairs the b an f S Committee for 52 00:02:38,840 --> 00:02:42,000 Speaker 1: the n y c c i A, which is New 53 00:02:42,080 --> 00:02:45,400 Speaker 1: York City cannabis industry. Still see and and if we're 54 00:02:45,440 --> 00:02:47,440 Speaker 1: gonna get all into this because he is connected with 55 00:02:47,480 --> 00:02:49,720 Speaker 1: everybody out there in New York and doing this. Green 56 00:02:49,800 --> 00:02:54,360 Speaker 1: Check Verified is the leading provider of cannabis banking solutions 57 00:02:54,360 --> 00:03:00,160 Speaker 1: and expert advisory services for financial institutions. Now, first off, 58 00:03:00,200 --> 00:03:02,560 Speaker 1: welcome to the show. Brother, Yes, thank you, give it 59 00:03:02,600 --> 00:03:05,359 Speaker 1: up for this guy. Thank you, thank you. And you 60 00:03:05,639 --> 00:03:11,360 Speaker 1: have so many accolades. Yes, okay, there you go. You're good. Okay, 61 00:03:11,880 --> 00:03:13,919 Speaker 1: now you got your applause. You have so many and 62 00:03:14,120 --> 00:03:17,240 Speaker 1: the website, you guys, is green check verified dot com. 63 00:03:17,280 --> 00:03:20,160 Speaker 1: You can go see that. But you've been in banking 64 00:03:20,280 --> 00:03:22,919 Speaker 1: for over twenty years. First off, how do you get 65 00:03:22,919 --> 00:03:25,120 Speaker 1: in banking? Talk to me about this scenario, and then 66 00:03:25,120 --> 00:03:28,079 Speaker 1: we'll get into cannabis banking, because obviously before he wasn't 67 00:03:28,080 --> 00:03:30,120 Speaker 1: baking like you do you as a wee little boy. Yeah, 68 00:03:30,120 --> 00:03:31,920 Speaker 1: where you come from? Where where did you grow up? 69 00:03:32,080 --> 00:03:36,320 Speaker 1: I'm originals from Taiwan. I'm an immigrant, no way, Taiwanese. Yes, yes, 70 00:03:36,600 --> 00:03:38,360 Speaker 1: I came here when I was about nine years old. 71 00:03:38,440 --> 00:03:41,280 Speaker 1: I grew up in New York e s L Yes, absolutely, 72 00:03:41,400 --> 00:03:43,800 Speaker 1: no way. I don't even call it that anymore. Apparently, 73 00:03:43,800 --> 00:03:47,960 Speaker 1: why not? You are you kidding me? My mom was 74 00:03:48,000 --> 00:03:49,960 Speaker 1: the s L dog. That's what I like was I 75 00:03:49,960 --> 00:03:53,040 Speaker 1: prided myself on. It's not a correct term anymore. I 76 00:03:53,040 --> 00:03:54,960 Speaker 1: didn't even speak Spanish and I ended up in that 77 00:03:55,040 --> 00:04:00,680 Speaker 1: class speaking It's that good Christopher, right, Yes, that say, 78 00:04:00,720 --> 00:04:02,360 Speaker 1: you're like, what what do I What do you mean? 79 00:04:02,400 --> 00:04:07,160 Speaker 1: Where go? What are I gonna do? And for those 80 00:04:07,200 --> 00:04:10,400 Speaker 1: who don't know, ees L as English as a second language. 81 00:04:11,080 --> 00:04:13,040 Speaker 1: So actually, when I was here, so back then in 82 00:04:13,080 --> 00:04:16,280 Speaker 1: the eighties, they used to call that parachute baby. Parachute 83 00:04:16,279 --> 00:04:20,200 Speaker 1: baby from Taiwanese or just taiwan okay as opposed, it's 84 00:04:20,240 --> 00:04:22,600 Speaker 1: the reverse of the anchor baby. The anchor baby keeps 85 00:04:22,640 --> 00:04:26,960 Speaker 1: you here. The parachute baby you drop off. So you 86 00:04:27,560 --> 00:04:29,640 Speaker 1: give us the story. What happened? How did you like 87 00:04:29,680 --> 00:04:31,720 Speaker 1: literally get dropped off? Is that true? Or how did 88 00:04:31,760 --> 00:04:34,040 Speaker 1: you get fairly literally? So I grew up on my own, 89 00:04:34,680 --> 00:04:37,039 Speaker 1: just just just just kids. Just the siblings met me 90 00:04:37,080 --> 00:04:40,400 Speaker 1: and three siblings. So your siblings raised you. So you know, 91 00:04:40,400 --> 00:04:42,800 Speaker 1: you go to poor when that happens. Right, So your 92 00:04:42,839 --> 00:04:46,760 Speaker 1: parents were like in Taiwan, going, we're shipping you to America. Well, 93 00:04:46,760 --> 00:04:49,240 Speaker 1: so I was nine, I'm the youngest, um, you know, 94 00:04:49,279 --> 00:04:53,680 Speaker 1: my sister's five years. That's a memorable age though. That's hardcore, hardcore, 95 00:04:53,760 --> 00:04:55,479 Speaker 1: but you know, keep in mind back then that was 96 00:04:56,320 --> 00:04:58,839 Speaker 1: relatively nor do you remember, and you didn't speak English, 97 00:04:59,000 --> 00:05:02,200 Speaker 1: no man, just you have no accent. Very well done, 98 00:05:02,320 --> 00:05:04,280 Speaker 1: thank you. It's very hard at it. Actually I call 99 00:05:04,360 --> 00:05:05,800 Speaker 1: it a cell out. I don't think about well done. 100 00:05:05,839 --> 00:05:09,160 Speaker 1: I think you're horrible for that. But whatever, you're all 101 00:05:09,200 --> 00:05:11,400 Speaker 1: well done. Yeah exactly. I'm like you let me hear 102 00:05:11,440 --> 00:05:14,200 Speaker 1: your accent when you speak English. I don't know when 103 00:05:14,240 --> 00:05:17,680 Speaker 1: you speak Taiwanese. Yeah, not English. We've already heard it. 104 00:05:18,279 --> 00:05:21,480 Speaker 1: Speak English with your Taiwanese accents. That's what I'm trying to. 105 00:05:21,600 --> 00:05:23,600 Speaker 1: You know, oddly enough that I can't. I can't can't remember. 106 00:05:23,920 --> 00:05:26,960 Speaker 1: It might be a mental block. I do accents pretty well, 107 00:05:27,000 --> 00:05:31,240 Speaker 1: but I don't do what Chinese? Which one do you have? Um? Italian? 108 00:05:31,279 --> 00:05:34,400 Speaker 1: Probably from New York like cartoon voices? I get one? 109 00:05:34,600 --> 00:05:38,160 Speaker 1: How about like Mickey Mouse? Okay, yeah for sure? Say 110 00:05:38,279 --> 00:05:44,000 Speaker 1: would you like to come in summer? Close? You would? Right? Wow? 111 00:05:44,440 --> 00:05:48,000 Speaker 1: Look at you, Peter Shoe, Hey you're here as well. 112 00:05:48,040 --> 00:05:50,680 Speaker 1: Go to Disneyland. You're here in Orange count have anymore? 113 00:05:51,600 --> 00:06:04,360 Speaker 1: What would your guy name of fun? Um? What? Donald dude? 114 00:06:04,400 --> 00:06:06,040 Speaker 1: I need you to do a Cannabis Talk one oh 115 00:06:06,080 --> 00:06:08,640 Speaker 1: one and Donald Duck style. You're listening to Cannabis Talk 116 00:06:08,680 --> 00:06:11,720 Speaker 1: one oh one. So we're talking about banking, right, we're 117 00:06:11,720 --> 00:06:13,279 Speaker 1: gonna get there now. But now now that we know 118 00:06:13,320 --> 00:06:15,440 Speaker 1: how clever you are, this is more entertaining than banking. 119 00:06:16,240 --> 00:06:18,560 Speaker 1: It's one of my certification and people people love to 120 00:06:18,600 --> 00:06:20,640 Speaker 1: know who they're dealing with, you know. Yeah, we got 121 00:06:20,640 --> 00:06:22,159 Speaker 1: to know. So if they call you and your green 122 00:06:22,240 --> 00:06:23,880 Speaker 1: Check verified, what they want to want to talk to 123 00:06:23,920 --> 00:06:27,120 Speaker 1: the Donald duck guy. Actually, this this is gonna be 124 00:06:27,160 --> 00:06:29,560 Speaker 1: a surprise from my coworkers. I don't know if they're 125 00:06:30,320 --> 00:06:32,400 Speaker 1: of course they've never heard it. Yeah, well they should 126 00:06:32,400 --> 00:06:33,840 Speaker 1: watch it, you know. I know what I mean is 127 00:06:33,839 --> 00:06:36,880 Speaker 1: that they're like horror or they're like, we said the 128 00:06:36,960 --> 00:06:39,600 Speaker 1: right guy out. Don't think about them. You know what, 129 00:06:39,640 --> 00:06:41,440 Speaker 1: this is who you are. Brother. You were dropped off 130 00:06:41,480 --> 00:06:43,360 Speaker 1: as a young kid and you and you learned all 131 00:06:43,360 --> 00:06:45,800 Speaker 1: these things, and you learned all these dialects and being 132 00:06:45,839 --> 00:06:49,120 Speaker 1: able to because we can't I mean, I can't even 133 00:06:49,680 --> 00:06:53,400 Speaker 1: here exactly you're representing that I'm the parachute kid from 134 00:06:53,600 --> 00:06:59,479 Speaker 1: Green Check. So nine years old, you your parents sent you. 135 00:07:00,279 --> 00:07:02,400 Speaker 1: Do you remember the conversation with your mom and dad 136 00:07:02,480 --> 00:07:05,000 Speaker 1: like like, okay, son, you're gonna go to America. Where 137 00:07:05,000 --> 00:07:06,960 Speaker 1: did you like first get sent to? Like was it 138 00:07:07,000 --> 00:07:09,480 Speaker 1: New York? Right away? Yeah? Yeah? Yeah? So I grew 139 00:07:09,520 --> 00:07:12,240 Speaker 1: up in Flushing, which which is you know, a heavily 140 00:07:12,320 --> 00:07:17,480 Speaker 1: Asian neighborhood. Um, you know normally what happens is, um 141 00:07:17,920 --> 00:07:21,480 Speaker 1: you typically have an established family member there. Uh, and 142 00:07:21,560 --> 00:07:23,200 Speaker 1: so you're sending them to live with their aunt and 143 00:07:23,640 --> 00:07:26,520 Speaker 1: or something like that. That didn't happen for me, but 144 00:07:26,520 --> 00:07:29,480 Speaker 1: but that is the norm. So socio economically speaking, that 145 00:07:29,480 --> 00:07:32,680 Speaker 1: that that is a particular set. So you generally have 146 00:07:32,800 --> 00:07:34,920 Speaker 1: someone that's there. So so it's kind of the reverse, right, 147 00:07:34,960 --> 00:07:36,840 Speaker 1: you have an anchor family member, you go there, you 148 00:07:36,880 --> 00:07:39,560 Speaker 1: stay with them. So look, it's like any immigrant. It's 149 00:07:39,560 --> 00:07:41,200 Speaker 1: like an immigrant, right, Like you're looking for so many 150 00:07:41,240 --> 00:07:43,560 Speaker 1: better for yourself, your kids. Well, if you find I mean, 151 00:07:43,560 --> 00:07:45,520 Speaker 1: if you have family, it's it's just like, yeah, bring 152 00:07:45,600 --> 00:07:47,640 Speaker 1: him in, bring him in because they land and then 153 00:07:47,680 --> 00:07:50,160 Speaker 1: hopefully establish yourself and go. But you guys in this 154 00:07:50,200 --> 00:07:53,440 Speaker 1: situation didn't have that, correct, So so how does that look? 155 00:07:53,480 --> 00:07:55,440 Speaker 1: I mean, you know, what where did you just have 156 00:07:55,480 --> 00:07:57,640 Speaker 1: an address? Or so your what were your parents doing 157 00:07:57,680 --> 00:07:59,480 Speaker 1: at that time and age? You know, well, they came 158 00:07:59,480 --> 00:08:01,640 Speaker 1: with us original but then they left, they went back 159 00:08:01,880 --> 00:08:04,720 Speaker 1: and they got you here and got you they co 160 00:08:04,840 --> 00:08:10,520 Speaker 1: signed for a place, and I think a proper parachuting terms, 161 00:08:10,520 --> 00:08:14,240 Speaker 1: that's called a tandem jump. Right, No, but that happens 162 00:08:14,280 --> 00:08:17,760 Speaker 1: a lot. Ironically. My last haircut by was a guy 163 00:08:17,840 --> 00:08:21,080 Speaker 1: named Ant two weeks ago of that and he was 164 00:08:21,160 --> 00:08:24,400 Speaker 1: Asian dissent. He came and when he came, all he 165 00:08:24,480 --> 00:08:27,760 Speaker 1: had was an address, but guess what, he didn't have 166 00:08:27,800 --> 00:08:29,760 Speaker 1: it written down. He had to memorize it because he's 167 00:08:30,080 --> 00:08:33,640 Speaker 1: where was he from? Vietnam? And he goes the Vietnamese government. 168 00:08:33,640 --> 00:08:35,240 Speaker 1: If you had the address, they'd be like, you're not 169 00:08:35,280 --> 00:08:37,120 Speaker 1: going do you know that? You gotta stay here? So 170 00:08:37,160 --> 00:08:38,680 Speaker 1: he had to just go off memory and he got 171 00:08:38,760 --> 00:08:41,040 Speaker 1: dropped off. And when he came out here, he just 172 00:08:41,080 --> 00:08:43,720 Speaker 1: went off the memory and found his sister once again, 173 00:08:43,800 --> 00:08:46,199 Speaker 1: family member. It's just crazy when you look at the 174 00:08:46,240 --> 00:08:50,679 Speaker 1: cultures like that. They so Peter, you got here at 175 00:08:50,800 --> 00:08:54,760 Speaker 1: nine and you stayed with your sister brother who was 176 00:08:55,440 --> 00:08:57,840 Speaker 1: you don't just just grew up in uh well frankly 177 00:08:57,880 --> 00:09:02,560 Speaker 1: illegal basement of apartments. Um went to school like a 178 00:09:02,559 --> 00:09:05,640 Speaker 1: normal kid. I guess, well, that's cool. And then you 179 00:09:05,760 --> 00:09:09,520 Speaker 1: went to college where Stony Brook? Stony Brook? And how 180 00:09:09,520 --> 00:09:11,720 Speaker 1: did you get them? From there? You got your degree? 181 00:09:12,160 --> 00:09:15,960 Speaker 1: What's your degree? In psychology? Nice? So you get into 182 00:09:15,960 --> 00:09:18,000 Speaker 1: banking at an early age. You got twenty plus years 183 00:09:18,080 --> 00:09:20,040 Speaker 1: is right out of college? You got into banking. Actually, 184 00:09:20,080 --> 00:09:22,120 Speaker 1: I joined the army first, that's right, I've seen that 185 00:09:22,160 --> 00:09:23,880 Speaker 1: on your Linkedlin thank you for your service. By the way, 186 00:09:23,960 --> 00:09:25,720 Speaker 1: it's a great picture of you, both of you on 187 00:09:26,559 --> 00:09:28,559 Speaker 1: LinkedIn or wherever. I've seen that military picture of you 188 00:09:28,640 --> 00:09:31,199 Speaker 1: walking through somewhere. Yeah, you see, that's a that's that's 189 00:09:31,240 --> 00:09:33,000 Speaker 1: my version of a humble brag, right because you know, 190 00:09:33,080 --> 00:09:36,080 Speaker 1: some people like splash US army or whatever on the page. 191 00:09:36,200 --> 00:09:38,800 Speaker 1: I do it subtly. Yeah, oh yeah, it just shows 192 00:09:38,800 --> 00:09:40,199 Speaker 1: you walking. I didn't know if it was a halloween 193 00:09:40,240 --> 00:09:41,679 Speaker 1: costume though, I didn't know what you were doing. But 194 00:09:41,720 --> 00:09:44,280 Speaker 1: I'm like, most people don't do that. Yeah, you see 195 00:09:44,280 --> 00:09:46,679 Speaker 1: the rightful you know. Yeah, it's cool, it's good. It 196 00:09:46,920 --> 00:09:48,880 Speaker 1: looks it makes you look taller. Actually in that picture, 197 00:09:50,000 --> 00:09:52,480 Speaker 1: you know, I mean this chair, so does that chair 198 00:09:52,559 --> 00:09:56,360 Speaker 1: right exactly? Aren't touching the ground. But but so military, 199 00:09:56,400 --> 00:09:58,560 Speaker 1: how how much did you serve? What you do? I 200 00:09:58,600 --> 00:10:00,439 Speaker 1: did what's called the standards six and two, so six 201 00:10:00,520 --> 00:10:03,120 Speaker 1: years active, two years reserve. Belue it or not. I 202 00:10:03,200 --> 00:10:08,680 Speaker 1: was aviation, um turban engines, so I fixed turban engines. Wow, 203 00:10:09,080 --> 00:10:11,319 Speaker 1: so you're really playing truthfully, that would be a really 204 00:10:11,400 --> 00:10:14,280 Speaker 1: high paying job. It sounds like what happened to that, right, 205 00:10:14,640 --> 00:10:16,200 Speaker 1: Like you go back, he might be doing it now 206 00:10:16,280 --> 00:10:18,800 Speaker 1: shoot on the sidehouse. Yeah, I'm glad you said that. 207 00:10:18,800 --> 00:10:20,760 Speaker 1: That's exactly what I thought, right. I thought, well, I 208 00:10:20,800 --> 00:10:22,400 Speaker 1: don't want to I don't want to have like, um, 209 00:10:23,000 --> 00:10:25,679 Speaker 1: I want to real I don't know, learn something right 210 00:10:25,679 --> 00:10:27,440 Speaker 1: that I can turn into a career into a job. 211 00:10:27,960 --> 00:10:32,800 Speaker 1: And I thought, you know, turban engine mechanic, that sounds cool, right, um, 212 00:10:32,840 --> 00:10:35,000 Speaker 1: And it kind of just didn't happened. I started working 213 00:10:35,040 --> 00:10:39,400 Speaker 1: at a bank, uh entry level what they call platform, um, 214 00:10:39,520 --> 00:10:41,520 Speaker 1: you know, opening personal accounts and stuff like that, and 215 00:10:41,679 --> 00:10:43,840 Speaker 1: kind of work my way up, moved up to the 216 00:10:43,920 --> 00:10:47,559 Speaker 1: various ranks private banking, fund banking, middle market things like that. 217 00:10:47,679 --> 00:10:52,440 Speaker 1: So how many years twenty so you really worked your 218 00:10:52,440 --> 00:10:55,960 Speaker 1: way Yeah. You'r a VP now right with with green check. 219 00:10:56,000 --> 00:11:00,000 Speaker 1: I'm a senior person, senior vice president, senior VP, Joe. 220 00:11:00,000 --> 00:11:01,760 Speaker 1: If you're gonna say VP, you better ad the senior 221 00:11:01,760 --> 00:11:04,400 Speaker 1: in front of it. Yeah, because the other guy he 222 00:11:04,440 --> 00:11:06,040 Speaker 1: didn't have that, you know. I mean, well, there's a 223 00:11:06,080 --> 00:11:08,080 Speaker 1: lot of vps around Goldie, you know what I'm saying. 224 00:11:08,080 --> 00:11:10,800 Speaker 1: But there's one senior or a couple of seniors in 225 00:11:10,840 --> 00:11:13,080 Speaker 1: the different realms. But you know what I agree with 226 00:11:13,080 --> 00:11:15,120 Speaker 1: that that's that's something that could be reckoned with. When 227 00:11:15,160 --> 00:11:16,760 Speaker 1: we come back, we're gonna take a break real quick. 228 00:11:16,920 --> 00:11:19,800 Speaker 1: And I want to know now more a what green 229 00:11:19,880 --> 00:11:22,480 Speaker 1: Check does in your words. And I really want to 230 00:11:22,480 --> 00:11:25,280 Speaker 1: break down all these acronyms that you have on your 231 00:11:25,280 --> 00:11:30,559 Speaker 1: LinkedIn because twenty three years of experience A C, B, T, 232 00:11:30,920 --> 00:11:33,440 Speaker 1: C P T and comp. I feel like I'm reading 233 00:11:33,440 --> 00:11:36,000 Speaker 1: a Compton Gangbanger science over here. I have a short 234 00:11:36,040 --> 00:11:39,720 Speaker 1: last name exactly. It's getting to talk one. I want 235 00:11:39,760 --> 00:11:41,839 Speaker 1: Peter Sue with us from Green Check. Verified will be 236 00:11:41,960 --> 00:11:44,240 Speaker 1: right back after this break. He did. Wow, he's right tack. 237 00:11:44,360 --> 00:11:54,560 Speaker 1: He's kind of just talk one oh one. Welcome back 238 00:11:54,760 --> 00:11:57,360 Speaker 1: to Cannibal's Talk one oh one. You guys. We have 239 00:11:57,480 --> 00:12:01,760 Speaker 1: the first ever Cannabi's Friendly Celebrity Golf Classic Charity Events 240 00:12:01,800 --> 00:12:05,240 Speaker 1: attached to the Gridiron Grates hosted by Jim McMahon at 241 00:12:05,240 --> 00:12:10,880 Speaker 1: the Anthem Country Club in Scottsdale, Arizona, February tenth. Come 242 00:12:10,880 --> 00:12:12,960 Speaker 1: out and play with some of the biggest celebrities in 243 00:12:13,000 --> 00:12:15,320 Speaker 1: the game right there at one of the biggest events 244 00:12:15,320 --> 00:12:17,680 Speaker 1: of the year. Joined revnet Fair Child Events and of 245 00:12:17,679 --> 00:12:20,720 Speaker 1: course Cannabis Talk one on one out there. For more information, 246 00:12:20,800 --> 00:12:23,520 Speaker 1: go to our website Cannabis Talk one on one dot com. Dude, 247 00:12:23,559 --> 00:12:26,640 Speaker 1: there's like fifty Hall of Famers or something crazy. So 248 00:12:26,720 --> 00:12:28,240 Speaker 1: it's gonna be awesome to hold me to that. But 249 00:12:28,320 --> 00:12:33,240 Speaker 1: I mean, like Emmitt Smith, Jerry Rice coming out, the 250 00:12:33,320 --> 00:12:36,440 Speaker 1: Gronkalski's coming out, he's not golf and here he's not 251 00:12:36,520 --> 00:12:42,080 Speaker 1: great golfer. Jim McMahon obviously culturly Iron Brown having written written, 252 00:12:42,120 --> 00:12:45,800 Speaker 1: I mean, there's just so many beautiful NFL players. It's 253 00:12:45,800 --> 00:12:47,920 Speaker 1: gonna be a great event. Yeah, I'm looking forward to 254 00:12:48,000 --> 00:12:50,440 Speaker 1: it as well. Eric Dickerson, I mean, it's just the 255 00:12:50,520 --> 00:12:53,640 Speaker 1: list just goes all. Eric Dickerson and I have golf before, 256 00:12:53,720 --> 00:12:56,520 Speaker 1: and I learned a game from him called Yes Boss. 257 00:12:57,240 --> 00:13:01,480 Speaker 1: And uh, it's funny. Did I ever tell you that? Oh? Yeah, 258 00:13:01,640 --> 00:13:03,720 Speaker 1: So yes Boss goes like this. Peter, you'll love this. 259 00:13:03,760 --> 00:13:05,520 Speaker 1: I don't know if you're a golfer, but say all 260 00:13:05,520 --> 00:13:08,760 Speaker 1: three of us are playing, okay, and what happens is 261 00:13:08,800 --> 00:13:11,160 Speaker 1: is we play for the whole called yes Boss. Whoever 262 00:13:11,160 --> 00:13:14,880 Speaker 1: wins the whole is the boss. And anything I say, 263 00:13:15,080 --> 00:13:18,760 Speaker 1: you have to say yes Boss. The best part about 264 00:13:18,800 --> 00:13:21,800 Speaker 1: this game is when the cart girl pulls up and 265 00:13:21,840 --> 00:13:24,960 Speaker 1: you get to say something ridiculous like hey, do you 266 00:13:24,960 --> 00:13:27,480 Speaker 1: like wearing the g string that you're wearing right now? Yes, boss, 267 00:13:28,480 --> 00:13:32,000 Speaker 1: he's something ridiculous for whatever. And of course if you 268 00:13:32,040 --> 00:13:34,360 Speaker 1: don't do it, you gotta buy drinks, you gotta buy food, 269 00:13:34,440 --> 00:13:37,960 Speaker 1: whatever it is, because right you gotta puss out. But 270 00:13:38,080 --> 00:13:40,640 Speaker 1: my point is you get the mouths on some of 271 00:13:40,640 --> 00:13:43,400 Speaker 1: these guys, including myself, and the crazy things we can 272 00:13:43,440 --> 00:13:45,440 Speaker 1: come up with, and it's becomes a fun game. So 273 00:13:45,480 --> 00:13:47,160 Speaker 1: I can't wait to play a little yes Boss with 274 00:13:48,720 --> 00:13:50,480 Speaker 1: So when you see how Dickerson go, Hey man, when 275 00:13:50,480 --> 00:13:53,160 Speaker 1: you play some yes Boss boss, Yeah, yeah, well you 276 00:13:53,160 --> 00:13:56,400 Speaker 1: better not. He's a good player, yea. I will definitely 277 00:13:56,440 --> 00:13:59,199 Speaker 1: be say yes Boss. I was. I was able to 278 00:13:59,200 --> 00:14:00,719 Speaker 1: compete I with the US a few times when I 279 00:14:00,760 --> 00:14:02,320 Speaker 1: played with them, so you know, I won a couple holes. 280 00:14:02,360 --> 00:14:04,000 Speaker 1: You know, me and my golf game, I'm pretty good. 281 00:14:04,240 --> 00:14:08,439 Speaker 1: Peter Sue green check verified, Uh give us a breakdown 282 00:14:08,520 --> 00:14:10,800 Speaker 1: now that we know who you are, that you were 283 00:14:11,040 --> 00:14:13,880 Speaker 1: brought in by a stork to America and uh what, 284 00:14:14,040 --> 00:14:15,800 Speaker 1: by the way, thanks for your vulnerability and telling us 285 00:14:15,800 --> 00:14:18,840 Speaker 1: that story. That's that's really amazing. It's uh, it's impressive. 286 00:14:18,840 --> 00:14:21,240 Speaker 1: It's just impressive because you know you've done so well 287 00:14:21,320 --> 00:14:24,040 Speaker 1: for yourself and working with this company and being a 288 00:14:24,080 --> 00:14:28,880 Speaker 1: senior VP. What is green check Verified exactly? Sure? Well, 289 00:14:29,000 --> 00:14:32,280 Speaker 1: so green Check works with a hundred twenty six I 290 00:14:32,320 --> 00:14:34,800 Speaker 1: believe the current number banks and Credit Union all of 291 00:14:34,840 --> 00:14:39,560 Speaker 1: the country. We implement scale manage their cannabis banking program. 292 00:14:39,560 --> 00:14:43,600 Speaker 1: We essentially become the backbone at their entire cannabis banking program. 293 00:14:43,720 --> 00:14:46,360 Speaker 1: Um anecdotally, hundred twenty six makes us roughly half of 294 00:14:46,360 --> 00:14:48,840 Speaker 1: the market as it currently exists. So we are the 295 00:14:48,880 --> 00:14:51,800 Speaker 1: largest such company doing this particular work. And when you 296 00:14:51,840 --> 00:14:56,480 Speaker 1: say this particular work, because people that are in the 297 00:14:56,520 --> 00:15:00,360 Speaker 1: cannabis game understand and think that it is federally legal, 298 00:15:00,400 --> 00:15:02,360 Speaker 1: I can't get a bank account, I can't do this 299 00:15:02,440 --> 00:15:05,160 Speaker 1: explain and I have some knowledge of what I see 300 00:15:05,240 --> 00:15:08,440 Speaker 1: how this would work. Because you guys are then the 301 00:15:08,640 --> 00:15:12,320 Speaker 1: entity that is doing the banking, not quote unquote Wells 302 00:15:12,360 --> 00:15:15,040 Speaker 1: Fargo not quote unquote Chase. Pick the bank that you 303 00:15:15,080 --> 00:15:17,320 Speaker 1: want to use, you know, and throw that name in there. 304 00:15:17,720 --> 00:15:21,960 Speaker 1: But Green Check Verified is then the entity that's quote 305 00:15:22,000 --> 00:15:25,440 Speaker 1: unquote the bank. Correct. No, No, Actually, to some extent 306 00:15:25,480 --> 00:15:27,880 Speaker 1: that's the beauty. But we do, which is that you're banking. 307 00:15:27,960 --> 00:15:31,400 Speaker 1: Say you were banking with us, your banking is critical normal. 308 00:15:31,880 --> 00:15:35,480 Speaker 1: So wherever you're banking now, we're empowering their cannabis banking programs. 309 00:15:35,520 --> 00:15:38,600 Speaker 1: You log into their website, you call their banker. Everything 310 00:15:38,640 --> 00:15:40,800 Speaker 1: works fine. So if your bank happens to be Wells, 311 00:15:40,880 --> 00:15:44,840 Speaker 1: which you know it's probably not definitely not. Yeah. Well, 312 00:15:44,880 --> 00:15:47,160 Speaker 1: you know what's funny is I've had clients that are 313 00:15:47,200 --> 00:15:51,840 Speaker 1: with wills. I've had a dispensary in Santa Cruz and 314 00:15:52,480 --> 00:15:55,520 Speaker 1: could not believe that I turned in paperwork that had 315 00:15:55,640 --> 00:15:59,160 Speaker 1: that Wells Fargo you know check because I was doing 316 00:15:59,200 --> 00:16:02,280 Speaker 1: processing when I met Blue, and I've had to deal 317 00:16:02,400 --> 00:16:04,760 Speaker 1: with a lot of things like this. Peter, this is 318 00:16:04,800 --> 00:16:07,080 Speaker 1: the only reason you're here because he's one he thinks 319 00:16:07,120 --> 00:16:09,560 Speaker 1: you can actually get him some work for processing. No, 320 00:16:09,760 --> 00:16:13,000 Speaker 1: he just bank account want to get well. Not only that, 321 00:16:13,920 --> 00:16:16,520 Speaker 1: I think it's important for us to have guys like 322 00:16:16,640 --> 00:16:20,360 Speaker 1: you on here because people need to know where they 323 00:16:20,360 --> 00:16:22,800 Speaker 1: can get banking from and people need to know how 324 00:16:22,840 --> 00:16:24,560 Speaker 1: they can get it. There's nothing I can do for you, 325 00:16:24,560 --> 00:16:25,920 Speaker 1: for I don't make no nothing on it, you know, 326 00:16:25,960 --> 00:16:27,560 Speaker 1: I mean, like there's nothing I'm gonna get off it. 327 00:16:27,640 --> 00:16:29,880 Speaker 1: But there's a lot of people out there that have 328 00:16:30,040 --> 00:16:32,280 Speaker 1: no clue on how to do this, and they're still 329 00:16:32,320 --> 00:16:35,400 Speaker 1: doing the tire Company, you know what I mean, Like 330 00:16:35,440 --> 00:16:38,000 Speaker 1: there's a lot of bootleg ways to do this game, 331 00:16:38,520 --> 00:16:40,880 Speaker 1: the tire Company, you know talking about Blue I mean, 332 00:16:41,240 --> 00:16:43,240 Speaker 1: you know a lot of people know Peter how to 333 00:16:43,280 --> 00:16:46,000 Speaker 1: do the game if you're in the game, but the 334 00:16:46,120 --> 00:16:47,840 Speaker 1: right way to do it. It would be like if 335 00:16:47,880 --> 00:16:50,000 Speaker 1: I have Cannabis Talk one oh one, I have a 336 00:16:50,040 --> 00:16:53,040 Speaker 1: Cannabis Talk one oh one. What's my name of my company? Bank? 337 00:16:53,400 --> 00:16:56,680 Speaker 1: It's not a fake one. All the possibilities that you 338 00:16:56,680 --> 00:16:59,680 Speaker 1: could have chose, you chose tire company, Like, oh, because 339 00:16:59,680 --> 00:17:02,360 Speaker 1: I've got can we dissect a little because you know why? 340 00:17:02,520 --> 00:17:05,639 Speaker 1: I know clients that use their tire company as the 341 00:17:05,840 --> 00:17:09,560 Speaker 1: as the processing front for their cannabis company for a 342 00:17:09,600 --> 00:17:12,040 Speaker 1: delivery service. Like look at it, folks, when you buy something, 343 00:17:12,320 --> 00:17:14,200 Speaker 1: always look at what the company is that you're buying 344 00:17:14,200 --> 00:17:16,800 Speaker 1: it from. Sometimes that he'll notice it's a little different 345 00:17:16,840 --> 00:17:18,760 Speaker 1: than where you went to. I mean, to be fair, 346 00:17:19,440 --> 00:17:22,719 Speaker 1: in the early days that that that's exactly the dynamic, right, like, um, 347 00:17:23,000 --> 00:17:26,040 Speaker 1: you either lied or you didn't get banking, you know. 348 00:17:26,119 --> 00:17:27,800 Speaker 1: So yeah, people used to make up all kinds of 349 00:17:27,880 --> 00:17:30,640 Speaker 1: names or have multi layers. You know, we're not really 350 00:17:30,640 --> 00:17:33,960 Speaker 1: a cannabis company. Were actually a management company, marketing company, 351 00:17:34,600 --> 00:17:36,879 Speaker 1: t shirt company. You picked them, picked the front. Well, 352 00:17:37,840 --> 00:17:41,320 Speaker 1: here's the thing is that I personally have been kicked 353 00:17:41,320 --> 00:17:45,160 Speaker 1: out of like every bank you know, with with corporations 354 00:17:45,280 --> 00:17:48,880 Speaker 1: and not even touching the plants and just googling his name, 355 00:17:49,640 --> 00:17:52,960 Speaker 1: and so I don't even know how they catch on famous. 356 00:17:54,200 --> 00:17:56,440 Speaker 1: It's it's funny, but I don't know how they catch 357 00:17:56,480 --> 00:17:59,520 Speaker 1: onto you. I guess that's why Christopher, Right, and then 358 00:17:59,520 --> 00:18:02,000 Speaker 1: you look can or whatever's the time to go look 359 00:18:02,040 --> 00:18:05,160 Speaker 1: that up underwriters and yeah, and then it's not even 360 00:18:05,160 --> 00:18:08,280 Speaker 1: true how they know. But but here's the word part. 361 00:18:09,080 --> 00:18:12,600 Speaker 1: It's not even true, I know, and you get like, well, 362 00:18:12,760 --> 00:18:15,160 Speaker 1: it's true that we're in the industry, and it's true 363 00:18:15,200 --> 00:18:17,679 Speaker 1: that we don't touch the plant, wouldn't sell anything. Yeah, no, 364 00:18:17,800 --> 00:18:19,960 Speaker 1: I know, and I just don't get it, like for 365 00:18:19,960 --> 00:18:21,760 Speaker 1: for so many years, I think it's lucy enough, but 366 00:18:21,800 --> 00:18:23,560 Speaker 1: I want to say, but just not for like wells 367 00:18:23,600 --> 00:18:26,560 Speaker 1: far ago though, um maybe you know again, I think 368 00:18:26,560 --> 00:18:29,719 Speaker 1: that dynamic is changing and changing fast right like uh 369 00:18:29,960 --> 00:18:32,640 Speaker 1: as recently as I don't know to three years ago. Yeah, 370 00:18:32,800 --> 00:18:36,679 Speaker 1: like like um so, So Finston's Financial Crimes Sufforcement Network, 371 00:18:36,680 --> 00:18:39,200 Speaker 1: which is a function of the Treasury, they keep a 372 00:18:39,320 --> 00:18:41,960 Speaker 1: statistic on like how many banks are banking cannabis and 373 00:18:42,000 --> 00:18:44,800 Speaker 1: their numbers. Most people believe their numbers way off. But 374 00:18:44,800 --> 00:18:46,840 Speaker 1: but but let's go with their numbers, right, Like, there 375 00:18:46,920 --> 00:18:49,119 Speaker 1: was a huge spike in the last several years. You know, 376 00:18:49,119 --> 00:18:51,480 Speaker 1: it goes from like a few hundred, so like you know, 377 00:18:51,520 --> 00:18:54,520 Speaker 1: three four hundred, now they're saying up to seven fifty five. 378 00:18:55,240 --> 00:18:58,159 Speaker 1: That's almost yeah. And now again most people think that 379 00:18:58,240 --> 00:19:00,760 Speaker 1: number is way too high. We think it's like two 380 00:19:00,760 --> 00:19:03,240 Speaker 1: fifty or so. And we can get into why that 381 00:19:03,240 --> 00:19:06,320 Speaker 1: that stat might be. Well, they may they may be 382 00:19:06,880 --> 00:19:10,240 Speaker 1: considering the banks. They might have a float for the 383 00:19:10,280 --> 00:19:13,960 Speaker 1: considered banks that don't know well, so you know what 384 00:19:14,000 --> 00:19:16,240 Speaker 1: I'm saying. So so they based it off of something 385 00:19:16,280 --> 00:19:19,560 Speaker 1: called STARS Suspicious Activity Report, So I believe it or not, 386 00:19:19,640 --> 00:19:24,360 Speaker 1: there's actually a specific STAR. So marimuana limited marijuana priority 387 00:19:24,440 --> 00:19:28,200 Speaker 1: and terminations are um so if you are a bank 388 00:19:28,240 --> 00:19:30,600 Speaker 1: of Credit Union and you suspect, which is kind of 389 00:19:30,640 --> 00:19:33,800 Speaker 1: you know, I mean, you know, um, if you suspect 390 00:19:33,840 --> 00:19:37,119 Speaker 1: as marijuana related activity, you file this report. So what 391 00:19:37,240 --> 00:19:41,000 Speaker 1: defense and does is if you are a financial institution 392 00:19:41,080 --> 00:19:44,320 Speaker 1: and you're filing continuous stars on say cannabis talk one 393 00:19:44,320 --> 00:19:47,480 Speaker 1: on one, you are now counted as part of that statistic. 394 00:19:48,240 --> 00:19:49,960 Speaker 1: But as you can see in the context that flag 395 00:19:50,040 --> 00:19:53,240 Speaker 1: you to all of them, no just just one bank. 396 00:19:53,880 --> 00:19:55,840 Speaker 1: So they don't get to share information right well they 397 00:19:55,840 --> 00:19:59,480 Speaker 1: do actually because there's the stars go essentially so the 398 00:19:59,520 --> 00:20:01,800 Speaker 1: next someone flies, they go, yeah, he just got flag 399 00:20:01,880 --> 00:20:05,720 Speaker 1: jails flag him here too. Yeah, so I mean credit something. 400 00:20:06,280 --> 00:20:09,199 Speaker 1: All of those reports actually is the main reason like 401 00:20:09,280 --> 00:20:13,440 Speaker 1: how they catch people, know, you know, like uh years 402 00:20:13,440 --> 00:20:15,720 Speaker 1: ago when when Elliott Spitzer, New York governor, was caught 403 00:20:15,760 --> 00:20:19,600 Speaker 1: with like you know, um something, Um, it was because 404 00:20:19,680 --> 00:20:23,480 Speaker 1: he's identified as a PEP politically exposed person. So they 405 00:20:23,560 --> 00:20:27,879 Speaker 1: keep they keep all those reports. I love now you 406 00:20:27,880 --> 00:20:29,399 Speaker 1: just put out three right now that are like great, 407 00:20:30,000 --> 00:20:34,160 Speaker 1: So it's your point, you're a little off, But that's 408 00:20:34,160 --> 00:20:37,880 Speaker 1: exactly why that statistic is off. Because say you're say 409 00:20:37,960 --> 00:20:40,960 Speaker 1: you you're a bank files a star and you guys 410 00:20:41,040 --> 00:20:43,560 Speaker 1: right on the cannabis talk one on one. Now you're 411 00:20:43,720 --> 00:20:45,760 Speaker 1: now you're part of that statistic. You're part of that 412 00:20:45,800 --> 00:20:49,760 Speaker 1: seven fifty five. But is this a cannabis company? Right, 413 00:20:49,800 --> 00:20:51,880 Speaker 1: So in the context of what we're talking about, no, right, 414 00:20:51,960 --> 00:20:54,640 Speaker 1: like that bank in fact may say no, we won't 415 00:20:54,640 --> 00:20:57,600 Speaker 1: bank a dispensary, we won't bank and grow. We're okay 416 00:20:57,600 --> 00:21:00,840 Speaker 1: with this because this is a this is a media company. Yeah, 417 00:21:00,880 --> 00:21:02,960 Speaker 1: we're we're CT one on one Inc. As a company, 418 00:21:03,040 --> 00:21:05,320 Speaker 1: and it's a media company. Literally, but when they looked 419 00:21:05,320 --> 00:21:07,040 Speaker 1: at it, we got kicked out. What was the U 420 00:21:07,119 --> 00:21:10,040 Speaker 1: S Bank? We're at us? I mean, I mean personally 421 00:21:10,119 --> 00:21:13,199 Speaker 1: with with the education platform, the cannabis education platform, and 422 00:21:13,280 --> 00:21:16,880 Speaker 1: this one. I've been kicked out of Chase, uh US Bank, 423 00:21:17,080 --> 00:21:21,680 Speaker 1: US Bank, Wells Fargo, Bank of America never never flagged 424 00:21:21,680 --> 00:21:25,240 Speaker 1: me uh and a credit union, you know, and it 425 00:21:25,280 --> 00:21:29,560 Speaker 1: sucks because, like I said, I'm not an you know, 426 00:21:29,800 --> 00:21:32,920 Speaker 1: it's it's crazy. And then you asked, here's the worst part, Peter, 427 00:21:33,480 --> 00:21:37,200 Speaker 1: tell me why when you asked the bank? Can you 428 00:21:37,240 --> 00:21:41,800 Speaker 1: just tell me why? Yeah? What is he not allowed 429 00:21:41,840 --> 00:21:43,800 Speaker 1: to rule there? Like? What do you mean you can't 430 00:21:43,840 --> 00:21:45,960 Speaker 1: tell me rule, like like a cop pulls me over, 431 00:21:46,720 --> 00:21:49,119 Speaker 1: I'm told I'm speeding, like a cop does thatthing. I 432 00:21:49,200 --> 00:21:51,240 Speaker 1: know what I did, Like I know where I got 433 00:21:51,240 --> 00:21:53,440 Speaker 1: the ticket? Like why did you kick me out? Yeah? 434 00:21:53,440 --> 00:21:56,720 Speaker 1: You are if that proscribed from disclosing the filing of 435 00:21:56,800 --> 00:22:00,840 Speaker 1: the star, disclosing why the stars were being recorded, etcetera, etcetera. 436 00:22:01,720 --> 00:22:03,600 Speaker 1: If I were still working at a bank, I wouldn't 437 00:22:03,600 --> 00:22:07,880 Speaker 1: talk about this. Sorry. Really, yeah, that's it's funny because 438 00:22:07,880 --> 00:22:09,359 Speaker 1: I've never heard of it. And then the question is 439 00:22:09,359 --> 00:22:11,480 Speaker 1: can I write them a letter? Do I have any 440 00:22:11,640 --> 00:22:13,960 Speaker 1: rights to get that information? If I write them a letter, 441 00:22:14,080 --> 00:22:16,200 Speaker 1: can find out what it is. No, they're not obligated 442 00:22:16,200 --> 00:22:18,320 Speaker 1: to bank you. But know so they just said no, 443 00:22:18,440 --> 00:22:20,760 Speaker 1: thank you, will pass and move on. And once you 444 00:22:20,800 --> 00:22:22,719 Speaker 1: get kicked out of the bank, there's no way of 445 00:22:22,720 --> 00:22:25,119 Speaker 1: finding out the reason. Howl. Is there a loophole to 446 00:22:25,359 --> 00:22:27,199 Speaker 1: because I'm still curious, Like I really want to know 447 00:22:27,240 --> 00:22:29,360 Speaker 1: why we got kicked out? Oh yeah, like I really 448 00:22:29,400 --> 00:22:31,240 Speaker 1: want you because I know we didn't We're not doing anything, 449 00:22:31,240 --> 00:22:33,320 Speaker 1: We're not selling it, So give me the reason at 450 00:22:33,359 --> 00:22:35,520 Speaker 1: least we Maybe it's because they googled him. They are 451 00:22:35,840 --> 00:22:39,000 Speaker 1: Mark and Craig depart because they got kicked out first exactly. 452 00:22:39,240 --> 00:22:43,200 Speaker 1: I think it out a week before and they were 453 00:22:43,240 --> 00:22:45,240 Speaker 1: crying about it. And then like two weeks later or 454 00:22:45,280 --> 00:22:47,000 Speaker 1: three weeks later, we got kicked out because they were 455 00:22:47,040 --> 00:22:50,520 Speaker 1: attached to our account as well. So but and they're 456 00:22:50,560 --> 00:22:53,200 Speaker 1: just attorneys though though that did speak on cannabis. So 457 00:22:53,240 --> 00:22:55,960 Speaker 1: I mean it's like we're attorneys guys, you know. Well, 458 00:22:56,000 --> 00:22:58,840 Speaker 1: you know, I want to say that dynamic is changing 459 00:22:59,160 --> 00:23:02,000 Speaker 1: and again changing asked. But I think just very recently, 460 00:23:02,320 --> 00:23:04,840 Speaker 1: I was trying. I'm a treasurer of the Asian Cannabis 461 00:23:04,880 --> 00:23:08,720 Speaker 1: round Table. Um, so what is that not for profit 462 00:23:08,800 --> 00:23:11,879 Speaker 1: networking Asians and cannabis? Right, Like, it's not it's like 463 00:23:11,880 --> 00:23:15,800 Speaker 1: an education platform. Um, I had to open an account, 464 00:23:16,160 --> 00:23:17,919 Speaker 1: you know, I had to open an account. I know 465 00:23:17,960 --> 00:23:21,080 Speaker 1: all the banks doing this, you know. I went through 466 00:23:21,160 --> 00:23:23,600 Speaker 1: four choices before I finally got someone open my account 467 00:23:23,640 --> 00:23:26,840 Speaker 1: for me. So and you're like, guys, I work here, yeah, 468 00:23:27,240 --> 00:23:30,280 Speaker 1: you know, not to get whatever. But I'm like Peter 469 00:23:30,320 --> 00:23:35,280 Speaker 1: soon Man, right, I'm a senior VP. Yeah. But if 470 00:23:35,320 --> 00:23:38,560 Speaker 1: you weren't, if you weren't um, you know, up front 471 00:23:38,600 --> 00:23:41,800 Speaker 1: with them, Yeah, then then you could have opened any bank, right, 472 00:23:42,000 --> 00:23:44,840 Speaker 1: but then well, it's called Asian Cannabis round Table. It's 473 00:23:44,920 --> 00:23:50,760 Speaker 1: it's not a dint want we wanted to be. Yeah, 474 00:23:50,840 --> 00:23:53,119 Speaker 1: and I love that, dude. I've had clients to that 475 00:23:53,200 --> 00:23:55,040 Speaker 1: want to be so straight up like that too, And 476 00:23:55,080 --> 00:23:58,119 Speaker 1: you're like, no, with green check verified, can you be 477 00:23:58,240 --> 00:24:01,119 Speaker 1: that straight up to so I can have Joe and 478 00:24:01,119 --> 00:24:04,600 Speaker 1: Blues cannabis dispensary. We have a ton of accounts that 479 00:24:04,640 --> 00:24:09,480 Speaker 1: are that are named you know, cannabises. We dad, yeah, absolutely, 480 00:24:10,160 --> 00:24:13,680 Speaker 1: and I'll tell you. You know, Bunk of America, bank 481 00:24:13,720 --> 00:24:17,080 Speaker 1: of I mean b A n C. Yeah, bunk, Bunk 482 00:24:17,119 --> 00:24:20,359 Speaker 1: of California, bunk yea of California. Is that how they 483 00:24:20,400 --> 00:24:22,560 Speaker 1: say bunk? I just call it bank. I think it is, 484 00:24:22,600 --> 00:24:24,760 Speaker 1: but it's not. It's I like that you're calling a bunk. 485 00:24:24,920 --> 00:24:26,479 Speaker 1: But that's the first time I've heard it. Well, they 486 00:24:26,520 --> 00:24:29,600 Speaker 1: actually Craig over there, actually, you know, knows exactly what 487 00:24:29,640 --> 00:24:34,320 Speaker 1: we're doing, right, I think, yeah, you know, Craig, he's 488 00:24:34,600 --> 00:24:37,680 Speaker 1: you know, hey, Peter, I'm gonna tell you right now, 489 00:24:38,080 --> 00:24:41,639 Speaker 1: Craig has been our guy. Like Craig, it reminds me 490 00:24:41,680 --> 00:24:43,440 Speaker 1: of you wish like we just gotta be up front, 491 00:24:43,480 --> 00:24:45,000 Speaker 1: and that's how we want to be to like with 492 00:24:45,040 --> 00:24:46,800 Speaker 1: our banks and our accounts. Like dude, we want to 493 00:24:46,800 --> 00:24:48,679 Speaker 1: be honest about everything as well, because we're not doing 494 00:24:48,720 --> 00:24:53,639 Speaker 1: anything wrong and I'm funnier than a lot. So do 495 00:24:53,760 --> 00:24:56,280 Speaker 1: you guys do then? What what Peter is doing it? 496 00:24:56,400 --> 00:24:58,320 Speaker 1: Or not? What with Peter? And what you guys are 497 00:24:58,320 --> 00:25:01,040 Speaker 1: doing at Green check verified? Similar to what Monk of California? 498 00:25:01,080 --> 00:25:02,600 Speaker 1: Why are you saying bok? Now? I just said, I 499 00:25:02,720 --> 00:25:05,280 Speaker 1: just it's not the bunk? Or how do you say it? 500 00:25:05,320 --> 00:25:08,560 Speaker 1: Do you even know? Is that Bank of California? But 501 00:25:08,680 --> 00:25:12,960 Speaker 1: doesn't it sound like the A n C. I think 502 00:25:14,240 --> 00:25:17,080 Speaker 1: you know the bunk? Now? You got me thinking I'm 503 00:25:17,080 --> 00:25:19,199 Speaker 1: gonna call it bunk all the time, you bastard. I 504 00:25:19,240 --> 00:25:22,280 Speaker 1: can't believe I got like bo. It looks like can 505 00:25:22,280 --> 00:25:25,720 Speaker 1: we call yeah? What do you mean? I'll call him? 506 00:25:25,880 --> 00:25:27,400 Speaker 1: Does he know you too? I'm gonna I'm gonna ask 507 00:25:27,440 --> 00:25:29,080 Speaker 1: him right now if he knows you. This is gonna 508 00:25:29,080 --> 00:25:31,280 Speaker 1: be funny because Craig will be still this right after 509 00:25:31,280 --> 00:25:33,040 Speaker 1: this break, it's cannabis talk one on one. Will be 510 00:25:33,119 --> 00:25:37,480 Speaker 1: right back, Yes, you'll be right back to cannabis talk 511 00:25:37,560 --> 00:25:48,440 Speaker 1: one A one. Welcome back to Cannabis Talk the Life 512 00:25:48,440 --> 00:25:51,960 Speaker 1: you craive. You guys rise a bunk ordinarily weekend plans 513 00:25:52,080 --> 00:25:56,080 Speaker 1: with Elevation Nations membership. This thing is so amazing. You'll 514 00:25:56,119 --> 00:26:01,400 Speaker 1: gain access to exclusive events, entertainment, adventure in wellness experience, 515 00:26:01,720 --> 00:26:04,359 Speaker 1: and you could smoke cannabis in a room if you choose. 516 00:26:04,720 --> 00:26:08,440 Speaker 1: Check out the website Elevation Nations dot com and learn 517 00:26:08,560 --> 00:26:11,480 Speaker 1: a whole lot more. It's so funny, Peter, because you 518 00:26:11,520 --> 00:26:13,920 Speaker 1: said Carl Craig, and you know what, We're gonna Car 519 00:26:14,000 --> 00:26:16,280 Speaker 1: Craig right now and put it to the test. I 520 00:26:16,320 --> 00:26:21,240 Speaker 1: always like doing things like this random to see. Probably not, 521 00:26:21,920 --> 00:26:24,040 Speaker 1: but you know what it sounds like he is though. 522 00:26:24,080 --> 00:26:32,040 Speaker 1: I feel like he's gonna say, oh, let him know, Okay, yeah, please, yeah, 523 00:26:32,320 --> 00:26:35,639 Speaker 1: guess who. Guess who it leans Nick, you know, and 524 00:26:35,640 --> 00:26:39,560 Speaker 1: then we'll do Donald and then we'll do good Voice. Yes. 525 00:26:43,760 --> 00:26:47,120 Speaker 1: I brought him on the show in the quiz. So, man, 526 00:26:47,280 --> 00:26:49,760 Speaker 1: is this how you tell I'm gonna leave a good 527 00:26:49,760 --> 00:26:54,520 Speaker 1: one too? Exactly? He might be. He's probably a little busy, 528 00:26:54,560 --> 00:27:00,359 Speaker 1: but I'm gonna leave three one oh five, five, never mind, Okay, 529 00:27:00,400 --> 00:27:05,919 Speaker 1: here we go. Hang up. Or press one for more options. Craig, 530 00:27:06,320 --> 00:27:11,320 Speaker 1: is it bank our bank? First off? Second off, we 531 00:27:11,480 --> 00:27:15,159 Speaker 1: got a guy here that's just talking crazy trash about 532 00:27:15,160 --> 00:27:18,600 Speaker 1: you named Peter Sue, and uh, he's going, if you 533 00:27:18,640 --> 00:27:21,399 Speaker 1: really want a real banker, call me Peter Sue. Craig, 534 00:27:21,480 --> 00:27:26,040 Speaker 1: Isaac knows nothing about cannabis. It's literally what he said. 535 00:27:26,080 --> 00:27:28,119 Speaker 1: So I wanted to clarify if you knew anything, call 536 00:27:28,200 --> 00:27:33,440 Speaker 1: me back, buddy by thanks. Thanks, Yeah, hold on, yeah, 537 00:27:33,480 --> 00:27:36,640 Speaker 1: if he calls back right now, live reaction, we see 538 00:27:36,680 --> 00:27:39,600 Speaker 1: him a like ignoring you call that. That would have 539 00:27:39,600 --> 00:27:41,119 Speaker 1: been great. He might have done that. Now he's a 540 00:27:42,480 --> 00:27:44,000 Speaker 1: He's a great dude, and he comes to a lot 541 00:27:44,000 --> 00:27:46,199 Speaker 1: of events. He's out there in the industry doing his thing. 542 00:27:46,240 --> 00:27:47,880 Speaker 1: Is that what you guys are doing too? With Green 543 00:27:47,960 --> 00:27:50,240 Speaker 1: check verified? I mean, I know most of your guys 544 00:27:50,280 --> 00:27:52,919 Speaker 1: location and headquarters is in New York. I have not 545 00:27:53,000 --> 00:27:56,840 Speaker 1: seen anybody from your establishment at any California events, So 546 00:27:56,960 --> 00:28:00,879 Speaker 1: explain that. Well, so most of our employees are a 547 00:28:01,000 --> 00:28:04,040 Speaker 1: remote our head counts um. Actually, I'm not sure. We 548 00:28:04,200 --> 00:28:09,359 Speaker 1: recently acquired pay quick, which is locally based in calabasas um. 549 00:28:09,400 --> 00:28:12,240 Speaker 1: But yeah, aside from that, we're heavily northeast. But but 550 00:28:12,240 --> 00:28:15,840 Speaker 1: but again, most employees are kind of yah. I feel 551 00:28:15,840 --> 00:28:17,600 Speaker 1: like I've heard of that one. I want to say, 552 00:28:17,600 --> 00:28:20,960 Speaker 1: I heard it from what's his name out there and somebody, 553 00:28:21,280 --> 00:28:25,440 Speaker 1: um G four yeah Keith, Yeah, it feels like something 554 00:28:25,440 --> 00:28:27,560 Speaker 1: that he used to talk about, right, yeah, you know 555 00:28:27,640 --> 00:28:31,960 Speaker 1: Keith Allen. Okay, random, So I couldn't believe you knew 556 00:28:31,960 --> 00:28:34,520 Speaker 1: Craig Isaac. That was kind of cool. That was actually 557 00:28:34,560 --> 00:28:37,439 Speaker 1: really impressive because that's our banker and we're in the 558 00:28:37,440 --> 00:28:39,719 Speaker 1: cannabis space, so it's you know, so to speak. I mean, 559 00:28:39,760 --> 00:28:44,360 Speaker 1: we're not really yeah, we're so explain the situation to me. 560 00:28:44,560 --> 00:28:49,400 Speaker 1: Blue wants to start an account. He has a let's 561 00:28:49,440 --> 00:28:50,880 Speaker 1: just pick the market. I don't know if it's a 562 00:28:50,960 --> 00:28:54,520 Speaker 1: dispensary exactly. He's got a clean is it. I mean, 563 00:28:54,560 --> 00:28:58,280 Speaker 1: you guys can do Peter anything, a dispensary, delivery service, 564 00:28:58,280 --> 00:29:00,720 Speaker 1: give me everything that you guys can do, cultivation and everything, 565 00:29:00,800 --> 00:29:05,800 Speaker 1: I mean everything under the sun. Yes, literally yes, So 566 00:29:05,840 --> 00:29:09,400 Speaker 1: what's that process look like? You know, we honestly we 567 00:29:09,480 --> 00:29:14,480 Speaker 1: are trying to bring normalcy. So any business walking into 568 00:29:14,480 --> 00:29:18,320 Speaker 1: a bank, what do you expect? Application? And then boom? Right, 569 00:29:18,400 --> 00:29:21,160 Speaker 1: like here here the form approved or not approved? Now, 570 00:29:21,360 --> 00:29:23,080 Speaker 1: now look I I think there has there is a 571 00:29:23,080 --> 00:29:25,520 Speaker 1: little bit of an adjustment. Right Your your standard business 572 00:29:25,560 --> 00:29:29,560 Speaker 1: walking in might produce four or five pieces of documents 573 00:29:29,640 --> 00:29:31,400 Speaker 1: and the account could be opened that day, that week. 574 00:29:31,920 --> 00:29:33,560 Speaker 1: Um that's that's not going to be the case in 575 00:29:33,560 --> 00:29:36,640 Speaker 1: cannabis right now. Um you're looking at you know, sixty 576 00:29:37,000 --> 00:29:39,440 Speaker 1: pieces of documents and it might take a month's open 577 00:29:39,440 --> 00:29:42,320 Speaker 1: the account. But the point is there shouldn't be like, well, 578 00:29:42,360 --> 00:29:44,360 Speaker 1: we're not going to open the account because you're doing X, 579 00:29:44,480 --> 00:29:47,640 Speaker 1: Y and z. Granted they'll be questions, Granted there are. 580 00:29:48,320 --> 00:29:50,720 Speaker 1: There is a vetting process. Of course, it has to 581 00:29:50,760 --> 00:29:53,280 Speaker 1: be legal, right well, yeah, and have a license and 582 00:29:53,320 --> 00:29:57,000 Speaker 1: all that good stuff fully credited, yes, But beyond that, 583 00:29:57,160 --> 00:30:00,560 Speaker 1: like like unless there's some red flag about the business, 584 00:30:00,600 --> 00:30:03,240 Speaker 1: about the individuals, it is a it is a banking 585 00:30:03,240 --> 00:30:05,800 Speaker 1: as usual. Now that that would be my aim and 586 00:30:05,840 --> 00:30:08,120 Speaker 1: that is what we go into every situation. Let me, 587 00:30:08,560 --> 00:30:10,720 Speaker 1: do you ask for the do you want a miss? 588 00:30:10,920 --> 00:30:14,080 Speaker 1: Because I was daydreaming, but did you did you ask 589 00:30:14,120 --> 00:30:16,160 Speaker 1: them is there a license? Did they do you have 590 00:30:16,160 --> 00:30:18,640 Speaker 1: to show you their licensing? Oh? Yeah, you have to 591 00:30:18,680 --> 00:30:21,280 Speaker 1: supply that are you guys asking for all that those 592 00:30:21,320 --> 00:30:24,480 Speaker 1: documents and then verifying I guess we are, though there 593 00:30:24,520 --> 00:30:27,680 Speaker 1: there is an interesting um. So. So one of the 594 00:30:27,680 --> 00:30:32,120 Speaker 1: problems in cannabis banking today is what is a cannabis business? Right? 595 00:30:32,160 --> 00:30:34,440 Speaker 1: So for example, cannabis talk one on one, Right, you 596 00:30:34,480 --> 00:30:37,360 Speaker 1: just mentioned that you guys have insurance for cannabis insurance 597 00:30:37,400 --> 00:30:41,160 Speaker 1: you know, etcetera, etcetera. So there's the ancillary um So 598 00:30:41,200 --> 00:30:45,040 Speaker 1: the regulators used the words direct and indirect, so in 599 00:30:45,080 --> 00:30:47,480 Speaker 1: a way it's a little bit too broad and yet 600 00:30:47,480 --> 00:30:51,160 Speaker 1: too specific, right, meaning they look at it too simplistically. 601 00:30:51,200 --> 00:30:54,920 Speaker 1: They're saying you're either licensed, your plan touching, so you're direct, 602 00:30:55,320 --> 00:30:58,280 Speaker 1: that's what I would think, yeah, or you're indirect. But 603 00:30:58,360 --> 00:31:02,120 Speaker 1: that's so broad right there. Think about that um and 604 00:31:02,160 --> 00:31:06,360 Speaker 1: there's a term significance. So you derive a significant percentage 605 00:31:06,360 --> 00:31:11,720 Speaker 1: of your revenue from cannabis. But is that direct or indirect? Well, 606 00:31:11,760 --> 00:31:15,360 Speaker 1: so again would be that's really direct, and that might 607 00:31:15,400 --> 00:31:17,560 Speaker 1: be why we get affected, right because it comes to 608 00:31:17,760 --> 00:31:21,000 Speaker 1: some of our clients are clients coming down the line, 609 00:31:21,160 --> 00:31:23,920 Speaker 1: not all of them, but some of them. Actually it's actually, 610 00:31:24,040 --> 00:31:26,600 Speaker 1: to be honest with you, the majority of them are 611 00:31:26,840 --> 00:31:30,520 Speaker 1: probably ancillary exactly. That's my point is what most of them, 612 00:31:30,520 --> 00:31:33,200 Speaker 1: what we do get. We do have some like yours. 613 00:31:33,760 --> 00:31:36,000 Speaker 1: You know, most of them, I mean really advertisers with 614 00:31:36,040 --> 00:31:39,200 Speaker 1: us are not touching the planet loran oilsan. We can 615 00:31:39,240 --> 00:31:41,479 Speaker 1: go down the list. Yeah, I mean the majority of 616 00:31:41,560 --> 00:31:48,320 Speaker 1: them advanced nutrients I mean ancillary. Yeah, they're all not 617 00:31:48,360 --> 00:31:49,920 Speaker 1: all of them who have done you know, we have 618 00:31:50,000 --> 00:31:53,200 Speaker 1: other people that there are a few are so. Again, 619 00:31:53,240 --> 00:31:55,880 Speaker 1: the issue though, is that that is not well defined 620 00:31:55,920 --> 00:31:58,320 Speaker 1: by the regulators, and it's it's largely up to the 621 00:31:58,360 --> 00:32:02,160 Speaker 1: financial institution to make that decision. So as we're seeing, 622 00:32:02,600 --> 00:32:05,080 Speaker 1: um so, so whether whether Fincon is correct and it's 623 00:32:05,080 --> 00:32:07,840 Speaker 1: seven fifty or or the insiders are correct and it's 624 00:32:07,920 --> 00:32:11,960 Speaker 1: two to fifty. Right, there's always ten thousand financial stitutions 625 00:32:11,960 --> 00:32:15,520 Speaker 1: in America, right, so less than ten percent are willing 626 00:32:15,560 --> 00:32:19,760 Speaker 1: to bank cannabis today. And that's that's unfortunately. And you 627 00:32:19,800 --> 00:32:25,360 Speaker 1: guys are I still am confused because you said I 628 00:32:25,400 --> 00:32:28,640 Speaker 1: can still use my Wells, Fargo, my chase, my this 629 00:32:28,840 --> 00:32:34,440 Speaker 1: and that. How do you guys then put this package 630 00:32:34,480 --> 00:32:39,479 Speaker 1: together to take to the bank for me for us? Yeah, Well, 631 00:32:39,520 --> 00:32:41,160 Speaker 1: there's two sides of the business. One side is a 632 00:32:41,160 --> 00:32:43,600 Speaker 1: little harder to explain because it's constitative. It depends on 633 00:32:43,640 --> 00:32:46,040 Speaker 1: what they need, what they want. So say, for example, 634 00:32:46,200 --> 00:32:48,480 Speaker 1: a bank of Credit Union comes to me and says, Pete, 635 00:32:48,520 --> 00:32:51,440 Speaker 1: you gotta walk me from day one, like I know nothing. 636 00:32:51,640 --> 00:32:53,800 Speaker 1: You know, I want to bank cannabis. You have to 637 00:32:53,800 --> 00:32:56,120 Speaker 1: help me together. Financial model should have bank cannabis. How 638 00:32:56,200 --> 00:32:58,400 Speaker 1: much money can I make? How many licenses are here 639 00:32:58,400 --> 00:33:00,920 Speaker 1: in southern California, things like that, and we will do 640 00:33:01,560 --> 00:33:04,840 Speaker 1: anything soup to nuts, whatever that that institution wants or needs. 641 00:33:05,680 --> 00:33:08,960 Speaker 1: At the end of that journey, you may decide it's 642 00:33:09,000 --> 00:33:10,760 Speaker 1: not for me. I'm not going to do it's too expensive, 643 00:33:10,840 --> 00:33:13,680 Speaker 1: there's not enough business, too much work. What are the 644 00:33:13,720 --> 00:33:16,120 Speaker 1: reason is? Now? The other side of the business is 645 00:33:16,120 --> 00:33:18,440 Speaker 1: a little easier understand. Its software. So you're a bank, 646 00:33:18,600 --> 00:33:22,080 Speaker 1: you're banking cannabis. Now, how are you doing it? The 647 00:33:22,120 --> 00:33:26,920 Speaker 1: regulators that the regulatory hurdle of banking cannabis is very high. 648 00:33:27,480 --> 00:33:30,320 Speaker 1: How are you meeting those burdens right? So that that's 649 00:33:30,320 --> 00:33:31,960 Speaker 1: what the regulators are going to ask you. Let me 650 00:33:32,000 --> 00:33:33,840 Speaker 1: show me your plan, show me how you're doing it. 651 00:33:34,200 --> 00:33:37,120 Speaker 1: And that's where we come in. That's the software, Um, 652 00:33:37,160 --> 00:33:39,400 Speaker 1: prior to their being software. That this might make more 653 00:33:39,400 --> 00:33:41,880 Speaker 1: sense to you. Prior to their being software. We used 654 00:33:41,880 --> 00:33:45,040 Speaker 1: to say, uh, five to eight. So for every five 655 00:33:45,080 --> 00:33:47,800 Speaker 1: to eight cannabis businesses you bank, you would have to 656 00:33:47,920 --> 00:33:50,920 Speaker 1: add another body. That's how much work is involved in 657 00:33:50,960 --> 00:33:54,240 Speaker 1: banking cannabis. Think about that. That that's that's crazy, right, 658 00:33:54,240 --> 00:33:56,560 Speaker 1: Like are you talking about nationally or in I mean 659 00:33:56,720 --> 00:33:59,480 Speaker 1: I'm saying for for a bank, one bank, one bank, 660 00:33:59,560 --> 00:34:02,160 Speaker 1: you are aking cannabis. Now you've made that decision for 661 00:34:02,240 --> 00:34:05,480 Speaker 1: every five to eight cannabis businesses you have, depending on 662 00:34:05,520 --> 00:34:08,919 Speaker 1: the complexity, etcetera, you're adding another body. That's how much 663 00:34:08,920 --> 00:34:11,720 Speaker 1: work is involved. Why is that, Peter, I don't understand. 664 00:34:12,040 --> 00:34:14,560 Speaker 1: Because all the cash that's coming in because the regulators 665 00:34:14,800 --> 00:34:17,320 Speaker 1: watching it all, I mean, what what is it? Yes? 666 00:34:17,360 --> 00:34:20,759 Speaker 1: All of the above. Uh sorry, that's an insight joke 667 00:34:20,760 --> 00:34:26,439 Speaker 1: because it told me not to freeze up and no no, um, right, right, 668 00:34:27,040 --> 00:34:29,280 Speaker 1: So yes, yes, there's just there's a ton of stuff, 669 00:34:29,400 --> 00:34:31,040 Speaker 1: right and and of course part of it is what 670 00:34:31,080 --> 00:34:32,719 Speaker 1: you do, like do you what are you right into 671 00:34:32,760 --> 00:34:35,480 Speaker 1: your policy? But here's the problem that I have, and 672 00:34:35,520 --> 00:34:37,400 Speaker 1: I hate to cut you off because I call bullshit 673 00:34:37,520 --> 00:34:39,359 Speaker 1: on that for banks because I look at it like 674 00:34:39,400 --> 00:34:42,560 Speaker 1: a freaking liquor store, right, liquor store is gonna come 675 00:34:42,560 --> 00:34:45,000 Speaker 1: in with cash. Liquor store is gonna come in with 676 00:34:45,440 --> 00:34:49,480 Speaker 1: the same kind of concept as a dispensary. So why 677 00:34:49,520 --> 00:34:52,200 Speaker 1: are you treating me differently? You know, one day maybe, 678 00:34:52,239 --> 00:34:54,080 Speaker 1: but right now that that's just not the case. But 679 00:34:54,239 --> 00:34:56,880 Speaker 1: is that not the logic? Though it could be not 680 00:34:56,880 --> 00:34:58,600 Speaker 1: not today? Let's let me give you a few examples. 681 00:34:58,640 --> 00:35:01,279 Speaker 1: Please give me some anecdo all evidence that proves me wrong, 682 00:35:01,320 --> 00:35:03,720 Speaker 1: because I look at it, going, what's the difference between 683 00:35:03,760 --> 00:35:06,400 Speaker 1: the dispensary where we're spending our cash in there? Like 684 00:35:06,440 --> 00:35:08,839 Speaker 1: Blue pull out some cash right now, he can show 685 00:35:08,880 --> 00:35:10,880 Speaker 1: you go to a dispensary. He could pull out that 686 00:35:11,040 --> 00:35:14,040 Speaker 1: same cash and go to a liquor store and buy 687 00:35:14,080 --> 00:35:17,239 Speaker 1: tons of liquor for our office here. Well, uh so 688 00:35:17,280 --> 00:35:20,759 Speaker 1: there's two things. One right now, a cannabis business is 689 00:35:20,760 --> 00:35:23,800 Speaker 1: closer to what we call an MSB money servicing business. 690 00:35:23,840 --> 00:35:28,239 Speaker 1: So I think of check casher's currency a t M operators. Right, 691 00:35:28,840 --> 00:35:32,000 Speaker 1: those are perfectly legal, but most banks won't do it 692 00:35:32,120 --> 00:35:35,040 Speaker 1: because it's high risk, A lot of cash involved, A 693 00:35:35,080 --> 00:35:39,720 Speaker 1: lot of work involved. That's cannabis, right, cannabis has wise 694 00:35:39,760 --> 00:35:42,480 Speaker 1: it and wire work. Well, it's it's it's literally a 695 00:35:42,480 --> 00:35:44,840 Speaker 1: cash crop, right like it's it is. Yeah, you know 696 00:35:44,920 --> 00:35:47,560 Speaker 1: the risk of inversion or divers but I mean they 697 00:35:47,600 --> 00:35:51,719 Speaker 1: have fancy machines you just drop the money. And well, 698 00:35:51,760 --> 00:35:55,040 Speaker 1: it's not specifically about the cash. It is today because 699 00:35:55,040 --> 00:35:56,719 Speaker 1: it's if there's a lot of cash, I mean, if 700 00:35:56,760 --> 00:36:00,480 Speaker 1: they if they opened up and and you know people 701 00:36:00,480 --> 00:36:03,879 Speaker 1: in there's some people are probably sitting on a substantial 702 00:36:03,960 --> 00:36:06,200 Speaker 1: money they have to be. They are, they're paying their 703 00:36:06,239 --> 00:36:09,920 Speaker 1: employees that way, and it's just terrible. I still don't understand. 704 00:36:09,920 --> 00:36:12,120 Speaker 1: And if you can make sense to this, Peter, what 705 00:36:12,320 --> 00:36:15,520 Speaker 1: is the concept from the bank the government side of 706 00:36:15,800 --> 00:36:18,680 Speaker 1: we don't want all this cash coming in and why 707 00:36:18,800 --> 00:36:21,360 Speaker 1: is that the case? Well, the problem is there's a 708 00:36:21,400 --> 00:36:24,000 Speaker 1: discrepancy between state and federal law. That's that's it. It's 709 00:36:24,040 --> 00:36:28,759 Speaker 1: actually pretty simple. Um. Federally it's illegal. Uh. State by 710 00:36:28,800 --> 00:36:32,040 Speaker 1: state you have some level of legality, whether it's medicinal 711 00:36:32,200 --> 00:36:37,360 Speaker 1: or full um. But of course we have we have 712 00:36:37,440 --> 00:36:42,880 Speaker 1: this concept of supremacy federal law trump's state law in theory. 713 00:36:41,680 --> 00:36:45,600 Speaker 1: Right of course, so so so let's let's think this through. 714 00:36:45,680 --> 00:36:48,360 Speaker 1: Let's say you're an attorney, right, and you're probably a 715 00:36:48,400 --> 00:36:50,320 Speaker 1: big time attorney because you're working at these one of 716 00:36:50,360 --> 00:36:53,919 Speaker 1: these big law firm, big bank excuse me, and you're 717 00:36:54,200 --> 00:36:56,319 Speaker 1: you have to write a legal opinion. Can we do 718 00:36:56,440 --> 00:37:01,760 Speaker 1: cannabis on paper? You would say no because it's federally illegal, 719 00:37:03,160 --> 00:37:05,919 Speaker 1: But you're going to explain why in my state of California, 720 00:37:06,000 --> 00:37:08,239 Speaker 1: where it is legal, and now I need to get 721 00:37:08,239 --> 00:37:10,520 Speaker 1: a legal bank so I can pay my employees. I 722 00:37:10,560 --> 00:37:14,239 Speaker 1: think I think it only becomes federal if you do 723 00:37:14,320 --> 00:37:17,600 Speaker 1: wires right, Well, it depends. I mean that that's the problem, 724 00:37:17,680 --> 00:37:21,360 Speaker 1: right the the the issue is the money goes across 725 00:37:21,400 --> 00:37:23,759 Speaker 1: the state. That's probably it right there. I see that 726 00:37:23,800 --> 00:37:25,359 Speaker 1: being in the case because now the money is going 727 00:37:25,440 --> 00:37:29,200 Speaker 1: cross state lines, not necessarily, not necessarily. The issue really 728 00:37:29,200 --> 00:37:33,239 Speaker 1: comes down to a question of perceived risk. Right Can 729 00:37:33,400 --> 00:37:36,359 Speaker 1: can I sign my name to something and say, oh, yeah, 730 00:37:36,400 --> 00:37:39,319 Speaker 1: we're good, but meaning you as what what what's your 731 00:37:39,520 --> 00:37:42,839 Speaker 1: what's your time lions legal? You know something like that. Um, 732 00:37:42,880 --> 00:37:44,920 Speaker 1: Now that said, like I said that, there are hundreds 733 00:37:45,080 --> 00:37:47,279 Speaker 1: of banks or credit union banking the space, so it's 734 00:37:47,320 --> 00:37:51,480 Speaker 1: not as if it doesn't exist, the question is why 735 00:37:51,560 --> 00:37:53,919 Speaker 1: is there such a low percentage? Right? So, right now, 736 00:37:54,360 --> 00:37:56,720 Speaker 1: I think the state of affairs in cannabis banking today 737 00:37:56,760 --> 00:37:59,160 Speaker 1: is not that you can't find banking. It's really a 738 00:37:59,239 --> 00:38:03,319 Speaker 1: lack of ability, capacity and costs and it's such a 739 00:38:03,400 --> 00:38:05,680 Speaker 1: high risk, which I still don't get why it's a 740 00:38:05,719 --> 00:38:07,839 Speaker 1: high risk. If I'm giving you my cash to put 741 00:38:07,920 --> 00:38:09,560 Speaker 1: away and then get let me write a check or 742 00:38:09,640 --> 00:38:11,799 Speaker 1: use a credit card and let me pay people like 743 00:38:12,040 --> 00:38:16,080 Speaker 1: a normal bank account, I I personally just can't swallow it, Like, oh, 744 00:38:16,120 --> 00:38:18,360 Speaker 1: I see why I still don't get it. Is it 745 00:38:18,400 --> 00:38:21,360 Speaker 1: because like when they get your money, they're using your money, 746 00:38:21,400 --> 00:38:23,399 Speaker 1: so they got to make sure your money is legal. Well, 747 00:38:23,440 --> 00:38:25,960 Speaker 1: so that's I could walk you through an example you like, 748 00:38:25,960 --> 00:38:27,920 Speaker 1: all right, so so so again, keep in mind we're 749 00:38:27,920 --> 00:38:30,680 Speaker 1: talking cash, right, A hundred thousand dollars of cash comes 750 00:38:30,680 --> 00:38:33,839 Speaker 1: into the bank. Using our software. Let's assume you're you're 751 00:38:34,000 --> 00:38:37,000 Speaker 1: you're a bank using green check Verify. Let's say we 752 00:38:37,040 --> 00:38:39,960 Speaker 1: can automatically match up that we verified green check verified 753 00:38:40,000 --> 00:38:43,439 Speaker 1: eighty thou dollars to state legal data. In other words, 754 00:38:43,480 --> 00:38:45,960 Speaker 1: you're reporting to the state. You're reporting to metrics that 755 00:38:46,040 --> 00:38:48,000 Speaker 1: you've sold eighty thou dollars worth of good but I 756 00:38:48,040 --> 00:38:52,560 Speaker 1: gave you Yeah, that's eight The first you gotta do 757 00:38:52,680 --> 00:38:55,160 Speaker 1: that work, right, did you did? You? Can you identify 758 00:38:55,320 --> 00:38:57,880 Speaker 1: this eighty tho dollars match it to some somehow matches 759 00:38:58,280 --> 00:39:01,480 Speaker 1: to stay reported data and how do you do that? 760 00:39:01,480 --> 00:39:04,680 Speaker 1: That's your company that we can do that. But wouldn't 761 00:39:04,680 --> 00:39:07,520 Speaker 1: that be track and trace as well? Wouldn't be? So 762 00:39:07,680 --> 00:39:09,840 Speaker 1: this is part of the Better Business Bureau of Cannabis 763 00:39:09,840 --> 00:39:12,240 Speaker 1: and do using if some of that to much saying 764 00:39:12,440 --> 00:39:14,920 Speaker 1: if I had five hundred pounds that I got rid 765 00:39:14,960 --> 00:39:17,480 Speaker 1: of that X amount of dollars, you would be able 766 00:39:17,520 --> 00:39:19,440 Speaker 1: to see that, right like my dispense rey pulled in. 767 00:39:19,520 --> 00:39:21,879 Speaker 1: Or if I'm a grower and I have and I 768 00:39:21,920 --> 00:39:24,920 Speaker 1: just sold the blue you know, a hundred pounds of 769 00:39:24,960 --> 00:39:27,400 Speaker 1: my crop at blah blah blah, and I have the 770 00:39:27,440 --> 00:39:31,600 Speaker 1: transaction and he gave me this cash. There's the proof. Well, 771 00:39:31,680 --> 00:39:33,239 Speaker 1: it's not as easy as that if you think about it, 772 00:39:33,239 --> 00:39:35,120 Speaker 1: because you have why should it should be the right 773 00:39:35,480 --> 00:39:38,480 Speaker 1: because that's proof. So prior to their being software, like 774 00:39:38,480 --> 00:39:40,239 Speaker 1: like like green check, the way it was done it 775 00:39:40,280 --> 00:39:44,080 Speaker 1: was just manual We're literally just talking like spreadsheets and 776 00:39:44,080 --> 00:39:45,640 Speaker 1: ship you know, like like you would have to give 777 00:39:45,680 --> 00:39:48,319 Speaker 1: me your sales received for the day. Um. So again, 778 00:39:48,320 --> 00:39:51,680 Speaker 1: that's why it was the labor ratio was so high 779 00:39:51,920 --> 00:39:54,600 Speaker 1: because it was a ton of work. Imagine looking through 780 00:39:54,719 --> 00:39:58,239 Speaker 1: sales receipts and things like that. Is that is that? 781 00:39:58,280 --> 00:40:01,840 Speaker 1: What the is that what the bank is required to 782 00:40:01,880 --> 00:40:05,080 Speaker 1: do when there's lots of cash coming in. Well, actually 783 00:40:05,120 --> 00:40:06,840 Speaker 1: it's worse than that because the bank actually has to 784 00:40:06,840 --> 00:40:10,240 Speaker 1: fail get another report, a CTR, a cash transaction report 785 00:40:10,520 --> 00:40:13,320 Speaker 1: every I mean anytime it's over tang ground correct, every 786 00:40:13,360 --> 00:40:15,640 Speaker 1: transaction tank ground or did they hire that number? Now 787 00:40:15,680 --> 00:40:18,080 Speaker 1: it's ten, it's still ten. So no, never deposit more 788 00:40:18,080 --> 00:40:19,840 Speaker 1: than ten grand if you don't want some red flags 789 00:40:19,880 --> 00:40:25,960 Speaker 1: on your you structure that's actually illegal. What do you mean? So? Uh, 790 00:40:26,000 --> 00:40:28,160 Speaker 1: if if you declare let's assume it's all good, it's 791 00:40:28,160 --> 00:40:30,600 Speaker 1: a legal transaction. You you you deposit hundred grand in 792 00:40:30,640 --> 00:40:34,759 Speaker 1: the bank, they're good. Declare it. Here's the reason, you know, etcetera. 793 00:40:35,280 --> 00:40:37,680 Speaker 1: If you structure it so you know, you put five 794 00:40:37,680 --> 00:40:40,120 Speaker 1: doll dollars in the bank every day, that's actually illegal. 795 00:40:40,640 --> 00:40:43,600 Speaker 1: Oh really yeah, but I'm sorry. Let me finish the example. 796 00:40:43,719 --> 00:40:47,200 Speaker 1: So that's good. That's software. We have clients that are 797 00:40:47,200 --> 00:40:50,879 Speaker 1: managing fifties sixty eighty accounts per FT per full time 798 00:40:50,880 --> 00:40:53,520 Speaker 1: employee because because we can take care of a lot 799 00:40:53,600 --> 00:40:55,640 Speaker 1: of that runtwork. All right, Now, keep in mind that's 800 00:40:55,640 --> 00:40:57,960 Speaker 1: just talking about the eight grant. Now we've still got 801 00:40:57,960 --> 00:41:00,560 Speaker 1: twenty grand left over in the hundred thousand dollars deposited 802 00:41:01,120 --> 00:41:03,640 Speaker 1: that could be legit. That could be things like batteries, 803 00:41:03,800 --> 00:41:07,480 Speaker 1: bave cartridges, you know anything, right, But how are you 804 00:41:07,520 --> 00:41:10,800 Speaker 1: going to identify what that person sold, what the business sold, 805 00:41:11,120 --> 00:41:13,040 Speaker 1: match it up to the deposit And by the way, 806 00:41:13,040 --> 00:41:16,279 Speaker 1: you have to keep this information readily auditable right at 807 00:41:16,320 --> 00:41:18,160 Speaker 1: any given time, because the examiner is gonna walk in 808 00:41:18,160 --> 00:41:21,359 Speaker 1: and say, jail, show me your quick books whatever, show 809 00:41:21,400 --> 00:41:24,600 Speaker 1: me on on jan You know, uh, this hundred thousand 810 00:41:24,600 --> 00:41:26,800 Speaker 1: dollars right, how did you know this is all legit? 811 00:41:27,120 --> 00:41:30,000 Speaker 1: Now you have to walk through Okay, here's eighty grand, right, 812 00:41:30,040 --> 00:41:34,200 Speaker 1: here's ten grand of batteries and etcetera, etcetera. Take that, 813 00:41:34,320 --> 00:41:39,040 Speaker 1: multiply that by a hundred businesses you have. It's it's 814 00:41:38,360 --> 00:41:40,160 Speaker 1: a lot of work. That's why you got to have 815 00:41:40,200 --> 00:41:42,000 Speaker 1: so many people working. Now, that makes sense of why 816 00:41:42,000 --> 00:41:45,400 Speaker 1: the employees come on board without software, Like people, like 817 00:41:45,400 --> 00:41:47,760 Speaker 1: I said, people are throwing bodies at the bank's actually 818 00:41:47,760 --> 00:41:51,960 Speaker 1: taken in that software. And excuse me there, you are 819 00:41:52,000 --> 00:41:54,919 Speaker 1: you implementing that software in with the bank. Yes, yes, 820 00:41:54,960 --> 00:41:56,839 Speaker 1: So that's where we come in, right. It's not that 821 00:41:57,040 --> 00:41:59,759 Speaker 1: it's not that you can't do without us. We'd really 822 00:41:59,800 --> 00:42:03,960 Speaker 1: just improve on, you know, whether it's resources so people, 823 00:42:04,640 --> 00:42:08,480 Speaker 1: whether it's uh, you want to scale your program? Uh frankly, 824 00:42:08,560 --> 00:42:10,839 Speaker 1: even accuracy, right, Like, just because you're willing to throw 825 00:42:10,840 --> 00:42:12,839 Speaker 1: bodies at it doesn't mean you're doing it well, doing 826 00:42:12,880 --> 00:42:15,880 Speaker 1: it right. Like imagine me literally looking at like Excel 827 00:42:15,920 --> 00:42:18,560 Speaker 1: spreadsheets with like pivot tables, right, and again that's how 828 00:42:18,560 --> 00:42:22,000 Speaker 1: it was done back in the day. And now this 829 00:42:22,080 --> 00:42:24,560 Speaker 1: is what you guys are doing at green check Verified 830 00:42:24,640 --> 00:42:29,880 Speaker 1: for different cannabis entities and for banks and credit So 831 00:42:29,960 --> 00:42:33,160 Speaker 1: Blue and I have a cannabis company. We want to 832 00:42:33,200 --> 00:42:35,479 Speaker 1: get it. We go to green check verified dot com, 833 00:42:35,560 --> 00:42:38,200 Speaker 1: fill out an application, are sending an inquiry of like, hey, 834 00:42:38,239 --> 00:42:40,840 Speaker 1: can somebody call me? I want to do this. Here's 835 00:42:40,880 --> 00:42:44,080 Speaker 1: sixty documents that we need all our licenses, our I 836 00:42:44,160 --> 00:42:49,520 Speaker 1: d s our bank statements are uh, internet supplier and 837 00:42:49,600 --> 00:42:51,799 Speaker 1: everything else, because you know, you need to prove who 838 00:42:51,840 --> 00:42:54,040 Speaker 1: you are, what you are, what you're doing there. And 839 00:42:54,080 --> 00:42:56,160 Speaker 1: then once I give you all this, it's about a 840 00:42:56,160 --> 00:42:58,839 Speaker 1: month month and a half process before I you'll help 841 00:42:58,880 --> 00:43:01,560 Speaker 1: me get a bank account at a bank of my choice. 842 00:43:01,960 --> 00:43:04,600 Speaker 1: Are you guys pick a bank? We we usually try 843 00:43:04,640 --> 00:43:06,560 Speaker 1: to give you some optionality. It kind of depends on 844 00:43:06,680 --> 00:43:09,360 Speaker 1: it depends on the scenario. So an indirect business like 845 00:43:09,400 --> 00:43:12,480 Speaker 1: this for examples, it's easier, right, like like more banks 846 00:43:12,520 --> 00:43:15,000 Speaker 1: are okay with that if it's a licensed, you know, 847 00:43:15,120 --> 00:43:19,120 Speaker 1: so cal dispensary. And and whether it's because you want 848 00:43:19,200 --> 00:43:22,120 Speaker 1: a local bank or because it's better for you know, 849 00:43:22,160 --> 00:43:24,479 Speaker 1: for your purposes to have a local bank, we will 850 00:43:24,480 --> 00:43:26,360 Speaker 1: make that determination. But and of course it's up to 851 00:43:26,400 --> 00:43:28,680 Speaker 1: you a little bit. We're heard all around the world, 852 00:43:28,680 --> 00:43:31,640 Speaker 1: and there's different cannabis entities around the world. Do you 853 00:43:31,640 --> 00:43:34,120 Speaker 1: guys help other entities around the world. Are only in 854 00:43:34,160 --> 00:43:38,200 Speaker 1: the States? Well, our client, yeah, currently we're only in 855 00:43:38,200 --> 00:43:40,240 Speaker 1: the in the States, but we we do have uh, 856 00:43:40,239 --> 00:43:42,800 Speaker 1: we we have Guam now, which is technically the States, 857 00:43:43,080 --> 00:43:47,960 Speaker 1: um And and Puerto Rico. Oh okay, well, listen, anything 858 00:43:47,960 --> 00:43:49,560 Speaker 1: else that we forgot before we let you get on 859 00:43:49,600 --> 00:43:52,120 Speaker 1: out here today? Uh no, I mean we covered a lot. 860 00:43:52,320 --> 00:43:54,440 Speaker 1: I think you guys ask great questions, so thank you. 861 00:43:54,760 --> 00:43:56,759 Speaker 1: Yeah yeah, cool. Well you know what if that first 862 00:43:56,800 --> 00:44:01,400 Speaker 1: question that was dumb? What I really want to is, 863 00:44:01,560 --> 00:44:04,200 Speaker 1: um is before I do let you go? And I 864 00:44:04,200 --> 00:44:07,560 Speaker 1: know it's quite a bit, but just to show like 865 00:44:07,880 --> 00:44:11,560 Speaker 1: your experience on LinkedIn and I mentioned this before the 866 00:44:11,760 --> 00:44:14,400 Speaker 1: first second break whatever, it is like, what is a 867 00:44:14,600 --> 00:44:19,239 Speaker 1: c BP Accredited Cannabis Banking Professional? Okay? What is c 868 00:44:19,480 --> 00:44:25,000 Speaker 1: TPS Certified Treasury Professional? What is DO? Because it's on 869 00:44:25,040 --> 00:44:26,759 Speaker 1: his LinkedIn and I was so impressed. What is c 870 00:44:27,000 --> 00:44:33,160 Speaker 1: c BP Certified Commercial Cannabis Banking Professional. What is c 871 00:44:33,440 --> 00:44:37,480 Speaker 1: c c E Certified Commercial Cannabis Experts? That's a risk 872 00:44:37,520 --> 00:44:41,919 Speaker 1: management okay? What is g r c P Governance Risk 873 00:44:42,000 --> 00:44:46,239 Speaker 1: Compliance Professional? What is g r C A Governance Risk 874 00:44:46,280 --> 00:44:51,160 Speaker 1: compliance audits? What is I d p P Integrated Data 875 00:44:51,280 --> 00:44:59,240 Speaker 1: Privacy Professional? Are you down with O p P? Yeah? Yeah, 876 00:44:59,360 --> 00:45:04,040 Speaker 1: you know, you know, yeah, you know me, Peter. Do 877 00:45:04,080 --> 00:45:06,800 Speaker 1: you know what OPP stands for? I think I remember 878 00:45:06,840 --> 00:45:08,400 Speaker 1: the song, but I don't actually know what it stands 879 00:45:08,440 --> 00:45:14,560 Speaker 1: other people's property property. Peter seriously though, and I'm so 880 00:45:14,640 --> 00:45:17,920 Speaker 1: happy that you mentioned all these things because reading what 881 00:45:18,040 --> 00:45:20,000 Speaker 1: I've read on you, and for those who don't know, 882 00:45:20,120 --> 00:45:23,080 Speaker 1: go to the website of course, green check verified dot com. 883 00:45:23,200 --> 00:45:25,160 Speaker 1: These guys are doing things, and real quick, what are 884 00:45:25,200 --> 00:45:26,520 Speaker 1: the rates if somebody wants to do I know we 885 00:45:26,640 --> 00:45:28,160 Speaker 1: mentioned that, you kind of said that that if they 886 00:45:28,200 --> 00:45:31,000 Speaker 1: want to do that, what are you looking at? If? Um, 887 00:45:31,040 --> 00:45:33,879 Speaker 1: I am a plant touching business? I think he said 888 00:45:33,880 --> 00:45:37,479 Speaker 1: he has? Is it? Everybody varies like how much money 889 00:45:37,480 --> 00:45:40,399 Speaker 1: we're putting in compared to if I'm putting in outver 890 00:45:40,520 --> 00:45:43,080 Speaker 1: a million and it's gonna be less more. It could 891 00:45:43,080 --> 00:45:46,600 Speaker 1: be a you know, three grand a month, right or 892 00:45:46,640 --> 00:45:49,120 Speaker 1: something like that. It's hard to say because everyone's operation 893 00:45:49,200 --> 00:45:50,560 Speaker 1: is different kind of ends of what you need and 894 00:45:50,600 --> 00:45:53,319 Speaker 1: stuff like that. National average. Keep in mind we don't 895 00:45:53,360 --> 00:45:56,280 Speaker 1: necessarily set the rates right because you're you're not banking 896 00:45:56,280 --> 00:45:58,080 Speaker 1: with us, per see, you're banking with a bank, a 897 00:45:58,160 --> 00:46:01,560 Speaker 1: credit union. We're kind of in the band background. Um. 898 00:46:01,880 --> 00:46:04,920 Speaker 1: It varies greatly depend on the market as well. UM. 899 00:46:04,960 --> 00:46:06,719 Speaker 1: I think national average, I would say it's around a 900 00:46:06,760 --> 00:46:09,920 Speaker 1: thousand dollars a month. That's that's on top of usage. 901 00:46:09,920 --> 00:46:13,720 Speaker 1: So if you're doing wires a cash pickup, cash pickup 902 00:46:13,800 --> 00:46:17,359 Speaker 1: is is expensive, right and you know what so ball 903 00:46:17,440 --> 00:46:19,600 Speaker 1: Parker's if to get into counter is about a thousand 904 00:46:19,600 --> 00:46:21,560 Speaker 1: bucks a month for this banking. Yeah, that's that's just 905 00:46:21,719 --> 00:46:23,960 Speaker 1: to take care of like the compliance costs, right, that's 906 00:46:24,000 --> 00:46:26,680 Speaker 1: the elevated compliance costs. So some of the banks locally 907 00:46:26,840 --> 00:46:29,920 Speaker 1: in California, and I think of thousands is probably about average. 908 00:46:30,400 --> 00:46:35,120 Speaker 1: And the application fee again, that varies most banks charge 909 00:46:35,120 --> 00:46:38,760 Speaker 1: and application fee um. Actually some of that is because 910 00:46:38,960 --> 00:46:42,400 Speaker 1: a lot of people will date around, they'll they'll just 911 00:46:42,440 --> 00:46:45,839 Speaker 1: apply everywhere, you know it. So so so banks wind 912 00:46:45,920 --> 00:46:48,360 Speaker 1: up spending a lot of money, time and energy vetting 913 00:46:48,640 --> 00:46:52,800 Speaker 1: and then they don't open the account. Oh it could happen. Well, Peter, 914 00:46:52,960 --> 00:46:55,760 Speaker 1: if you're in the cannabis space and you're looking to 915 00:46:55,800 --> 00:46:58,160 Speaker 1: get a bank account called Peter sup Peter, you want 916 00:46:58,200 --> 00:46:59,480 Speaker 1: to give up your phone number for this or just 917 00:46:59,520 --> 00:47:01,600 Speaker 1: your email or anything, or just go to green Check Verified. 918 00:47:01,800 --> 00:47:03,520 Speaker 1: I guess green Check Verified be the easiest. I there is, 919 00:47:03,640 --> 00:47:05,120 Speaker 1: there's an increase pot you don't want to give out 920 00:47:05,120 --> 00:47:06,719 Speaker 1: your cell phone? I mean, I mean I did like 921 00:47:06,800 --> 00:47:08,320 Speaker 1: go to your website and I did read l and 922 00:47:08,480 --> 00:47:14,839 Speaker 1: I see you there are yeah three one? Oh, never mind. Well, Peter, 923 00:47:14,920 --> 00:47:16,799 Speaker 1: thank you for joining us. One man, Thank you guys. 924 00:47:16,920 --> 00:47:18,919 Speaker 1: Well there it is guys, it's Cannabis Talk. I don't 925 00:47:18,920 --> 00:47:21,400 Speaker 1: want to remember this. If no one else loves you, 926 00:47:21,560 --> 00:47:24,440 Speaker 1: we do. Thank you for listening to Cannabis Talk one 927 00:47:24,440 --> 00:47:27,400 Speaker 1: on one on the Hard Radio app Apple Podcast on 928 00:47:27,600 --> 00:47:30,200 Speaker 1: Wherever You Did to Podcast