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Ep.307: Tim McGraw

February 25, 2018

Returning from Episodes 26 & 155, Tim McGraw joins us from a cafe in California’s Bay Area. After securing cannabis licenses in Illinois and building up operations there, he’s returning to his real estate roots while taking advantage of his cannabis operator acumen. We discuss facilitating an opportunity to create thousands of jobs through cannabis in local municipalities that absolutely need those jobs. Tim notes that no matter where you are, the cannabis economy is already in your home town whether you have legal cannabis or not. If it’s not locally legal, rather than money spent on cannabis going back into your community, it disappears. He’s seen the import of the direct impact of cannabis dollars on a community that needs it. And that impact is immediately quantifiable.

Transcript:

Speaker 1: Tim Mcgraw returns

Speaker 2: returning from Episode Twenty Six and one slash 55. Tim Mcgraw joins us from the cafe in California's Bay area after securing cannabis licenses in Illinois and building up operations there is returning to his real estate briefs while taking advantage of his cannabis operator. Acumen. We discussed facilitating an opportunity to create thousands of jobs through cannabis in local municipalities that absolutely need those jobs. Tim notes that no matter where you are, the cannabis economy is already in your hometown, whether you have legal cannabis, we're not. If it's not locally legal, rather than money spent on cannabis going back into your community, it disappears. He seen the import of the direct impact of canvas dollars on a community that needs it, and that impact is immediately quantifiable. Welcome to cannabis economy. I'm your host Seth Adler. Check us out on social with the handle can economy. That's two ends and the word economy. Tim Mcgraw, Shannon laid on thicker or

Speaker 1: just be. I don't think you have a choice. There's no choice. There's no choice. It is what it is. So Tim Mcgraw, if you can believe it. We're here in California. Yes. Because you live here now. I do. I do. I'm a proud California now. Right? And again, you wouldn't know it by hearing you, but I have a flip flop tan line that's called. I mean, I'm now officially California. I told you the first thing I think about when I, when I hear Tim Mcgraw is California, I think you know, this is, this is a two peas in a pod. I'm the typical typical California, that's for sure. So how did this happen? I mean, you actually like a. we're doing something here. Yeah, I mean this is, this is the new chapter in a Tim Mcgraw Legacy.

Speaker 1: What will you, what, what I'm doing now is really what I've done for almost 20 back to real estate real estate. Um, it's obviously centered on cannabis, which is what I know and what I'm passionate about. Sure. I've always been a real estate developer. Uh, I've always planned on moving out west anyway, so now I'm, this is it. I mean we're, we're going full bore. We have two large scale sites under contract now and we've got zoning entitlements in place for both, uh, we're negotiating a third so the portfolio is growing very quickly. I mean, I'm doing a lot of running around and a lot of city council meetings and engineering meetings and architects and so on and so forth. But um, it's no longer an idea now. It's the real deal. All right, well let's get all this out of the way here. As far as zoning is concerned, what are we talking about?

Speaker 1: Well, that's just to let the listeners know what's going on, what's going to happen. You give them some context is, as you and I both know, starting next year in California, in order to even operate she cannabis operation of any kind, whether it's a dispensary cultivation, manufacturing, volatile, volatile, and nonvolatile, transportation, distribution, all those 20 plus licensed types to even apply for that license. You have to prove that you have local approval for that. And what goes with that is local zoning approval and entitlements. So what we've done is we've done all that hard work and what's, which has taken me months of time and lots of negotiations, but we've gotten the zoning entitlements out of the way for operators. So they're essentially buying or leasing a legally ready real estate for their operations. What locations so far? Uh, so far we have a location about 50 miles north of Sacramento, one about 12 miles outside of Fresno and we're negotiating right in middle of negotiations on another one.

Speaker 1: Not far from Bakersfield, but they're all very well from a logistical standpoint, you know, got three regions covered. The north, central and south. But again, they're zoned both sites. All of our sites are zoned for all of the licensed types except for outdoor grow and dispensary. Okay. And the, the, the biggest factor is our costs. The permitting costs that we've negotiated with the cities is, is the lowest in the state quite frankly. And it has to be. I mean, there's going to make it work in order to just wait for that federal excise tax once we get through. Yeah, that first 15 percent going into the state, so you know by the end of the day these guys are going to be struggling to survive paying 176 percent on the dollar. It's not. So there's not that. The margins aren't what people think they are in regulated cannabis to the way it is now in California it has been since 1996.

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