>>> WE ARE TALKING ALL ABOUT
MONEY TODAY.
TAKING A LOOK AT THE WINNERS
AND LOSERS IN PRESIDENT TRUMP'S █?6zd3Jn(aFóFúgg%H v,5Uí rYA?Q2é>y"W█U8Zóu
IT MAY HAVE MORE POTENTIAL THAN
YOU THINK, AND WE'LL FIND OUT
WHY SMALL BUSINESS OWNERS SAY
THEY ARE FEELING GOOD ABOUT THE
FUTURE.
I'M ANDREW AND WELCOME TO
POLITICS UNPLUGGED.
>>> BUDGET BOOKS WERE DELIVERED
TO THE NATION'S CAPITAL THIS
PAST WEEK.
PRESIDENT TRUMP'S FIRST BUDGET
PROPOSAL SINCE TAKING OFFICE
AND BOTH SIDES POINTING OUT IT
IS JUST A PROPOSAL AT THIS
POINT.
>> THIS IS NOT A BUDGET THAT
TAKES ON THE POLITICAL
ESTABLISHMENT.
THIS IS A BUDGET OF THE
POLITICAL ESTABLISHMENT.
THIS IS THE ROBIN HOOD
PRINCIPLE IN REVERSE.
YOU TAKE FROM THE POOR AND GIVE
TO THE VERY RICH.
>> PRESIDENT OBAMA PRESENTED A
BUDGET, WHICH WAS A PROPOSAL,
AND GOT ZERO VOTES IN THE
UNITED STATES SENATE OR THE
UNITED STATES HOUSE.
WE ARE GOING TO CONTINUE THAT
TREND.
>> YOU MIGHT GET ONE.
IT WON'T BE MINE.
>> WELL, HERE TO TALK ABOUT
THAT PROPOSAL TO ECONOMICS
PROFESSOR FROM THE UNIVERSITY
OF COLORADO DENVER.
THANK YOU SO MUCH FOR BEING
HERE.
SO, THIS WAS THE PRESIDENT'S
FIRST EFFORT AT THIS.
OVERALL, WHAT DID YOU THINK?
>> IT'S A PRETTY CRAZY BUDGET.
IT'S A GIGANTIC DEPARTURE FROM
EVERYTHING WE HAVE SEEN OVER
THE LAST TWO PRESIDENTS, IF NOT
FURTHER BACK.
IT'S ALSO RIDDLED WITH SOME
PRETTY STARK ERRORS IN TERMS OF
THE ACCOUNTING THAT HAVE BEEN
POINTING OUT LIKE A LOT OF
BUDGET MAKERS.
>> I KNOW THAT, WE ALL KNOW
THAT THIS WILL CHANGE.
AND TRUTHFULLY, WON'T DOE KNOW
WHO TO BELIEVE WHEN WE TAKE
THIS BUDGET TO TASK.
SO, WE DO KNOW THAT ONE ASPECT
OF THIS BUDGET DEFINITELY
FAVORS THE RICH, EXPLAIN THAT.
>> SO THE BUDGET HAS TREMENDOUS
TAX REFORM IN IT.
WHICH IS LARGELY AIMED, AS YOU
MENTIONED, TOWARD THE WEALTHY.
THE ONE TAX REFORM THAT IS
THROWN TO THE MIDDLE AND PRETTY
MUCH EVERYONE WHO PAYS THEIR
TAXES IS SLIGHT INCREASE IN THE
STANDARD DEDUCTION.
THIS WILL PUT ABOUT $1,000 BACK
IN EVERYBODY'S POCKET.
BUT THE REST OF THE BUDGET IN
TERMS OF A TAX REFORM, IS ALL
PUT ON THE HYPER WEALTHY.
WHEN WE ARE TALKING ABOUT THE
HYPER WEALTHY, REFORMS TO THE
ALTERNATIVE MINIMUM TAX, WHICH
IS PAID BY LESS THAN 1% OF THE
POPULATION.
THE ESTATE TAX, WHICH IS PAID
BY PEOPLE WHO ARE OVER $5
MILLION IN ASSETS.
THESE ARE THINGS THAT LAND
SQUARELY ON THE SHOULDERS OF
THE HYPER RICH.
>> WHEN YOU SAY HYPER RICH?
>> I MEAN HYPER RICH.
I MEAN, YOU HAVE TO BE MAKING
OVER $200,000 TO BE THINKING
ABOUT CALCULATING THE
ALTERNATIVE MINIMUM TAX.
>> WE KNOW THAT DEFENSE, ALSO
IS GETTING A BOOST, EXPLAIN.
>> THERE'S AN ADDITIONAL 50
SOMETHING BILLION DOLLARS
ANNUALLY IN THERE FOR THE
DEFENSE BUDGET.
IN ADDITION TO THAT, THERE'S
PROBABLY ANOTHER 4 OR $5
BILLION IN THERE FOR HOMELAND
SECURITY.
IT'S A LOT OF MONEY.
ALL OF THE OTHER CUTS COMBINED
IN DISCRETIONARY SPENDING.
THIS IS MONEY THAT GOES TO
FEDERAL AGENCIES, DON'T ADD UP
TO TO THE INCREASE IN THE
DEFENSE DEPARTMENT ALONE.
>> SO THAT'S HUGE.
I KNOW THERE WERE SOME OTHER
AREAS WHERE SOME BIG CUTS WERE
ANTICIPATED IN ONE THAT MIGHT
BE NEAR AND DEAR TO YOUR HEART,
TALK ABOUT THAT IMPACT TO OUR
COLLEGES AND UNIVERSITIES AND
HOW DOES THAT TRICKLE DOWN TO
STUDENTS?
>> IT'S NOT GOOD FOR STUDENTS.
IT'S REALLY NOT GOOD FOR PRETTY
MUCH ANYONE.
SO, YEAH, THE EDUCATION
DEPARTMENT IS TAKING BIG CUTS
IN TERMS OF MONEY THAT CAN BE
SPENT.
THE BIG LOSER IS STUDENTS.
THE LOAN FORGIVENESS PROGRAMS
ARE GETTING REDONE IN SUCH A
WAY THAT IF -- THERE'S THIS
TENURE FEDERAL LOAN
FORGIVENESS.
IF YOU GO FROM YOUR EDUCATION
INTO THE PUBLIC SECTOR OR INTO
NONPROFIT WORK, THAT YOU CAN
ENTER INTO THIS FEDERAL LOAN
FORGIVENESS PROGRAM THAT OVER
TEN YEAR C'S, YOU WILL WORK OFF
YOUR DEBT REGARDLESS OF HOW
MUCH THAT IS.
THEY ARE COMPLETELY GETTING RID
OF THAT.
IF YOU'RE A STUDENT WHO HAS
AIMED THEMSELVES TOWARDS PUBLIC
ADMINISTRATION, OR NONPROFIT
ADMINISTRATION, WITH THE IDEA
THAT THIS IS GOING TO BE
COVERED BY THE FEDERAL LOAN
FORGIVENESS PROGRAM, YOU HAVE
THE RUG PULLED OUT FROM UNDER
YOU BY THIS BUDGET.
>> WE'VE BEEN HEARING ABOUT
CUTS TO MEDICAID.
WHAT ARE YOU READING INTO THIS?
>> THE BIGGEST LOSER IS STATE
BUDGET OFFICES.
WHAT THE FEDERAL GOVERNMENT IS
TRYING TO DO IS WASH THEIR
HANDS IN THE MEDICAID PROGRAM
COMPLETELY.
THEY ARE TRYING TO CAP THE
AMOUNT THAT CAN BE PAID.
ESSENTIALLY, THE BUDGET
PROPOSAL IS SAYING IS, WHATEVER
THE AMERICAN HEALTHCARE ACT
DOES, THIS IS THE REPUBLICAN
PROPOSAL THAT PASSED THE HOUSE
OF REPRESENTATIVES, THIS IS
WHAT WE'RE GOING WITH.
AND WHAT'S BEEN DONE WITH
MEDICAID IS SAYING THE AMOUNT
OF FEDERAL DOLLARS IS GOING TO
BE FIXED AND THEN STATES ARE ON
THEIR OWN TO FIGURE OUT WHAT TO
DO.
THE AMOUNT OF FEDERAL DOLLARS
IS NOT GOING TO GROW AS
HEALTHCARE COSTS GROW.
EVERY SINGLE STATE, ONE BY ONE,
THEIR INDIVIDUAL BUDGETS WILL
HAVE TO DEAL WITH THE FACT THAT
THEY CAN'T AFFORD MEDICAID AND
THEY'LL HAVE TO CUT GENEROSITY
OF BENEFIT, CUT PEOPLE OFF, OR
RAISE TAXES.
>> I KNOW THE TRUMP
ADMINISTRATION IS SAYING A LOT
OF THE CUTS WOULD BE MADE UP
THROUGH ECONOMIC GROWTH.
YOU ARE TALKING ABOUT FUNNY
MATH.
WE HEARD SOMEBODY ELSE CALL IT
BERNIE MADOFF MATH.
WE SAW A BIG PILE OF BUDGET
HERE.
>> SO, THERE ARE TWO ISSUES
WITH THE BUDGET PROPOSAL.
ONE IS FUNNY MATH THAT
EVERYBODY DOES, AND ONE IS FUN
GNU FUNNY MATH OR I OR ANY
ECONOMIC PROFESSOR WOULD FAIL
YOU FOR.
WE WILL HAVE 3% ECONOMIC
GROWTH, WHEN WE HAVE SEEN 2 FOR
THE LAST THREE YEARS.
THE OTHER PART OF THIS IS THAT
THEY ARE DOUBLE COUNTING THE
SAVINGS FROM CUTS AND FROM WHAT
THEY THINK THIS GROWTH IS GOING
TO GIVE US.
SO, THEY ARE SAYING THEY WILL
CUT TAXES AND IT WILL GENERATE
THIS GROWTH AND GIVE US A TON
OF MONEY AND THEN THEY ARE
SPENDING THAT MONEY ON DEFENSE
AND COUNTING IT TWICE.
SO, WE WILL LOSE TAX REVENUES,
WE WILL HAVE GROWTH AND WE'RE
GOING TO SPEND ADDITIONAL
MONEY, BUT COUNTING THE
NEGATIVE ONCE AND COUNTING THE
POSITIVE TWICE.
IT'S THE SAME POSITIVE.
SO, PLUS ONE, MINUS ONE, BUT
WHAT THEY ARE TRYING TO SAY, WE
CAN COUNT THIS TWICE, AND WE
CAN'T.
>> HOW MUCH, AS WE TALK ABOUT
THIS BUDGET OVERALL, HOW MUCH
OF THIS DO YOU THINK WE WOULD
ACTUALLY SEE COME TO FRUITION?
>> IT'S HARD TO TELL, BECAUSE
THE HOUSE AND THE SENATE IS
REALLY CONTROLLED BY A LOT OF
DEFICIT HAWKS WHO WANT TO SLASH
SPENDING AND WANT TO CUT TAXES
TO THE WEALTHY WITH THE IDEA
THAT THIS IS GOING TO GENERATE
ECONOMIC GROWTH.
WE'LL STEP ASIDE TO WHETHER OR
NOT THAT IS WHAT IT DOES.
I CHALLENGE ANYONE OUT THERE TO
TRY AND FIND A RELATIONSHIP
BETWEEN THOSE TWO THINGS.
I HAVEN'T BEEN ABLE TO FIND IT.
IT'S PUBLIC AVAILABLE AND YOU
CAN TRY TO DO IT YOURSELF.
>> HAVE YOU SEEN THAT BUDGET?
YES, YOU HAVE.
ALL RIGHT, THANK YOU SO MUCH,
WE APPRECIATE YOU TRYING TO
HAVE A BETTER UNDERSTANDING.
WHEN WE COME BACK, WE'RE
TALKIN
>>> COLORADO BUSINESS OWNERS
ARE FEELING GOOD ABOUT THE
FUTURE.
NICOLE BRADY TALKED WITH A
LOCAL ALL-STATE AGENT ABOUT A
NEW SURVEY THAT DELVES INTO THE
REASONS WHY.
>> I'M JOINED NOW BY MICHELLE,
AN ALL-STATE AGENT HERE IN THE
DENVER AREA.
WE'RE GOING TO TALK ABOUT THE
SMALL BUSINESS BAROMETER THAT
ALL-STATE DOES AND WHY THEY DO
THAT SPECIFICALLY, BUT LET'S
TALK ABOUT YOUR EXPERIENCE AS A
SMALL BUSINESS OWNER.
WE HAVE SEEN SO MANY CHANGES
OVER THE PAST TEN YEARS AND
EVEN MORE RECENTLY IN DENVER.
SMALL BUSINESS OWNERS ARE
FEELING MORE CONFIDENT RIGHT
NOW.
ARE YOU?
>> ABSOLUTELY.
I'VE BEEN A SMALL BUSINESS
OWNER WITH ALL STATE FOR 17
YEARS.
I OPEN PRETTY MUCH A SCRATCH
AGENCY IN 2000 IN THE HIGHLANDS
RANCH AREA.
THE ECONOMY NOW IN COLORADO IS
AMAZING.
SO MANY PEOPLE MOVING HERE.
SO YEAH, IT'S VERY REWARDING TO
BE A SMALL BUSINESS OWNER.
COMES WITH ITS SET OF
CHALLENGES.
THERE'S THE WORK FORCE, THE
JOBS, THERE'S MANY JOBS,
THERE'S NOT AS MANY PEOPLE TO
FILL THEM.
AS A SMALL BUSINESS OWNER, NOT
BEING ABLE TO COMPETE WITH THE
BENEFIT PACKAGES OF LARGER
BUSINESSES, IT PRESENTS SOME
CHALLENGE.
BUT STILL OVERALL, VERY
REWARDING.
>> THAT'S GREAT.
WE'LL TALK SPECIFICALLY ABOUT
SOME OF THE THINGS THAT SMALL
BUSINESS OWNERS ARE SEEING THAT
ARE POSITIVE.
LET'S TAKE A LOOK AT THIS
BAROMETER THAT ALL-STATE DOES
AND FIRST OFF, WHY DOES ALL-
STATE DO THIS?
>> AS YOU KNOW OR MAY NOT KNOW,
ALL-STATE IS A NATIONAL COMPANY
MADE OF SMALL BUSINESS OWNERS.
WE REPRESENT THE BRAND
THROUGHOUT THE U.S. IT'S
IMPORTANT TO HAVE A PULSE ON
WHAT'S OUT THERE FOR ANY BUZZ
OWNERS COMING INTO OUR
ENVIRONMENT, BUT REALLY AS A
RESOURCE FOR EXISTING BUSINESS
OWNERS TO KNOW WHAT THE
MARKETPLACE IS LIKE AND WHAT
WE'RE WORKING IN.
>> GOOD POINT.
ON THE NATIONAL BAROMETER, 58
OUT OF 100 IS WHAT YOU CONSIDER
SOLID.
BUT IT'S DOWN 3 POINTS FROM
LAST YEAR.
HOW DID WE GET TO THAT NUMBER?
>> I STILL THINK THE CHALLENGES
ARE PERSISTENT.
BUSINESS OWNERS ARE SEEING
REWARD AND WHAT THEY ARE DOING.
THEY ARE FACED WITH THE SAME
CHALLENGES OF STAFFING AND
RESOURCES.
IT'S FOR MORE EXPENSIVE TO RUN
A BUSINESS NOW.
JUST LAST NIGHT, I HAD THE
LOCKS ON MY FRONT DOOR TO THE
AGENCY, AND AT 10:00, I HAD TO
REPAIR THE DOORS FOR ME, THE
THINGS YOU DON'T COUNT ON.
IT'S MORE EXPENSIVE TO RUN A
BUSINESS THAN IT WAS IN THE
PAST.
>> INTERESTING.
IN DENVER BY COMPARISON, THEY
GET A 60 ON THE BAROMETER.
THAT'S CONSIDERED STRONG.
IT IS DOWN ONE POINT FROM LAST
YEAR, BUT OPTIMISM FOR DENVER
ON THAT SCALE, DENVER GOT A 97.
SO, TELL ME ABOUT THOSE
NUMBERS.
>> SURE, AND THAT'S REALLY
HIGHER THAN THE NATIONAL
AVERAGE.
AND WHAT THAT MEANS, AGAIN, YOU
KNOW WHAT THE ECONOMY IS
LOOKING LIKE HERE IN DENVER.
BUSINESS OWNERS ARE FEELING
VERY OPTIMISTIC AND THEY ARE IN
A STRONG WORKPLACE.
OUR YOUNGER BUSINESS OWNERS ARE
DEFINITELY MORE CREATIVE AND
HAVE OBVIOUSLY A LONGER TIME IN
THE WORK FORCE.
BUT, IT'S JUST REALLY A GOOD
TIME TO BE OPTIMISTIC AS A
SMALL BUSINESS OWNER.
AND, MORE IMPORTANTLY, WHEN YOU
ARE FEELING THAT STRONG, YOU
CAN BE VERY INNOVATIVE.
IF THE BUSINESS IS RUNNING THE
WAY IT SHOULD BE AND YOU HAVE
LESS PULLING YOU AWAY, YOU ARE
ABLE TO BE INNOVATIVE AND
PROVIDE SERVICES TO YOUR
CUSTOMERS YOU MAY NOT DO IN
TRYING TIMES.
>> I WANT TO TALK ABOUT
INNOVATION AND THE CHANGING
TECHNOLOGY THAT SMALL BUSINESS
OWNERS CAN TAKE ADVANTAGE OF,
TOO, CERTAINLY, WE TALK A LOT
ABOUT THE BIG RETAILERS AND HOW
THEY ARE GOING MORE WITH ONLINE
SALES.
AND CERTAINLY SMALL BUSINESSES
THAT SELL GOODS TO CONSUMERS.
THEY MAY BE COMPETING WITH
THAT.
SMALL BUSINESSES CAN INNOVATE
AS WELL.
>> THE BAROMETER GIVES US IDEAS
AND WHAT THE MARKETPLACE LOOKS
LIKE TO BE INNOVATIVE AND THAT
CAN LOOK LIKE SEVERAL THINGS.
IN A SMALL COMPANY, I DO INSURE
A LOT OF SMALL BUSINESS OWNERS
AND I WANT TO BE THAT TRUSTED
ADVISER, THAT PERSON THEY CAN
GO TO AND DELIVER WHAT THEY
NEED IN AN INNOVATIVE FASHION.
>> WHEN WE TALK SMALL
BUSINESSES, SOMETIMES YOU THINK
MOM AND POP STORE OR A
RESTAURANT.
THIS IS SUCH A HUGE, VAST ARRAY
OF TYPES OF BUSINESSES AND
SIZES.
>> ABSOLUTELY.
THE BAROMETER LOOKED AT
BUSINESS OWNERS FROM 18 TO 75.
IT LOOKED AT PEOPLE WHO ARE
FRANCHISE OWNERS OR INDEPENDENT
BUSINESS OWNERS.
IT LOOKED AT PEOPLE WHO HAD HAD
ONE EMPLOYEE UP TO 100.
SMALL BUSINESS IS PRETTY
DYNAMIC.
>> YOU POINTED OUT THAT DENVER
IS DOING PRETTY WELL AND WE DO
HAVE THAT YOUTHFUL ENVIRONMENT
HERE AND ENTREPRENEURIAL
SPIRIT.
WHAT DO BUSINESSES NEED TO
SUCCEED?
>> THEY NEED SUPPORT FROM THE
COMMUNITY.
FOR MYSELF, I'M VERY INVOLVED
IN LOCAL GOVERNMENT.
I PAY ATTENTION TO WHAT'S
HAPPENING HERE, YOU KNOW,
LEGISLATIVELY SO THAT AGAIN, I
CAN BE A TRUSTED ADVISER.
WE NEED RESOURCES.
WE NEED HELP WITH MARKETING AND
THINGS WE DON'T NORMALLY GET
WHEN YOU WORK IN A BIG BUSINESS
ENVIRONMENT.
YOU'RE IN YOUR OWN SMALL
BUSINESS DOING YOUR OWN THING.
THE BAROMETER AND OTHER
RESOURCES ARE GOOD FOR US AS
BUSINESS OWNERS TO HAVE THINGS
THAT WE CAN USE AS RESOURCES.
>> AND YOU WORK TOGETHER, YOU
SAID SINCE YOU'RE AN INSURANCE
AGENT, YOU WORK WITH OTHER
SMALL BUSINESS OWNERS, CAN YOU
HELP EACH OTHER?
>> ABSOLUTELY.
EVEN IN THE ALL-STATE FAMILY,
BUT SMALL BUSINESS OWNERS ARE
ALSO SHARING IDEAS ON MARKETING
AND ADVERTISING AND THINGS THAT
WE CAN DO THAT SOMETIMES WHEN
YOU'RE IN WHAT YOU'RE DOING,
YOU JUST DON'T PAY ATTENTION AS
MUCH AND YOU THINK, WOW, THAT'S
A REALLY GOOD IDEA.
I SHOULD TRY THAT.
SO, YES, SMALL BUSINESSES
CERTAINLY SERVE AS RESOURCES
FOR ONE ANOTHER.
>> WONDERFUL, MICHELLE, THANKS
SO MUCH.
ANYTHING ELSE THAT YOU WANT TO
POINT OUT BEFORE WE LET YOU GO?
YOU HAD SOME GREAT ADVICE FOR
PEOPLE AND GREAT INFORMATION.
>> JUST AN HONOR TO BE HERE AND
TALK AS A BUSINESS OWNER AND
SHARE MY FEELINGS WITH YOU.
>> MICHELLE, THANK YOU SO MUCH
FOR SHARING AND WE'LL SEND IT
BACK TO YOU.
>> THANKS, NICOLE.
ONE OF THE FASTEST GROWING
INDUSTRIES IS THE MARIJUANA
INDUSTRY.
SINCE THE LEGALIZATION OF POT
JUST A FEW YEARS AGO, WE HAVE
SEEN STORES POP UP WITH
MILLIONS OF DOLLARS IN REVENUE
BEING GENERATED AND THE
INDUSTRY GOES BEYOND THE STORES
THAT YOU SEE.
JOINING US TODAY IS THE CEO OF
SOMETHING OF A COMMODITIES
EXCHANGE FOR THE INDUSTRY.
SO, THANK YOU FOR BEING HERE.
>> THANK YOU.
>> BEYOND THE STORE FRONTS THAT
WE SEE, WHAT ELSE IS OUT THERE
ABOUT THIS INDUSTRY THAT MAYBE
PEOPLE AREN'T AWARE OF?
>> WELL, WHAT WE ORIGINALLY
STARTED WITH WAS THE FLOWER,
THE CANNABIS ITSELF.
NOW WE FOUND THERE ARE SO MANY
MANUFACTURED PRODUCTS THAT
START WITH THE FLOWER.
IT COULD END UP A GUMMY BEAR, A
CHOCOLATE BAR, AND THIS
CONSISTENTLY GROWS, IF YOU
NOTICE MOST RECENTLY, A LOT OF
CREAMS ARE IN THE MARKETPLACE.
THERE IS SUCH A LARGE
INFRASTRUCTURE THAT HAS GROWN
HERE THAT WITH THE MARKETPLACE
TRULY NEEDS IS A GOOD TRACK AND
TRADE SYSTEM THAT HAS A GOOD
PAYMENT SYSTEM BUILT IN WITH
THE ABILITY TO WATCH THE ENTIRE
SALES CYCLE OF THE PRODUCT DOWN
TO THE CONSUMER AND REALLY THE
WAY WE SHOULD ALL LOOK AT IT IS
PROTECTION OF PUBLIC HEALTH AND
SAFETY.
>> YOU'RE TALKING ABOUT A
PAYMENT SYSTEM.
HOW DOES THAT WORK GIVEN THE
FEDERAL LAWS?
>> SO THAT'S ONE OF THE BIGGEST
MISCONCEPTIONS, THE FEDERAL
GOVERNMENT DOESN'T ALLOW FOR
BANKS TO BANK THIS INDUSTRY.
THEY CAN.
THERE ARE STRICT RULES,
REGULATIONS, WHAT WE CALL
GUIDELINES.
THE MEMO PUT UP BY THE FEDERAL
GOVERNMENT.
SO WE UNDERSTAND EXACTLY WHAT
THE RULES AND REGULATIONS ARE,
NOW YOU HAVE TO BUILD THAT
FRAMEWORK.
THE BIGGEST PROBLEM WAS, MOST
BANKS WEREN'T READY FOR THE
INDUSTRY AND FIND IT VERY, VERY
EXPENSIVE AND TIME CONSUMING TO
MANAGE THE CLIENTS BECAUSE IT'S
AN ALL-CASH BUSINESS.
THIS PHENOMENON EXISTS IN ALL
CASH BUSINESSES.
SO WHETHER IT'S A RESTAURANT,
BAR, THEY STILL HAVE BANKING
ISSUES.
SO WHAT WE'VE DONE IS WE'VE
DEVELOPED A SYSTEM WHERE WE
WORK WITH CREDIT UNIONS.
WE WORK WITH CURRENTLY, ENGAGE
WITH SOME BANKS.
THEY WILL USE A BACK OFFICE
APPLICATION TO AUTOMATE THE
PROCESS, SO NOW INDIVIDUAL
BANKS CAN BANK THE CLIENTS,
BANK THEM SO THEY ARE FULLY
COMPLIANT TO A REGULATORY
PROCESS, AND THEN WE PROVIDE
KIND OF LIKE THE PAPAL OR THE
APPLE PAY SOLUTION TO THE
ENTIRE INDUSTRY.
SO NOW FROM THE CONSUMER, ALL
THE WAY THROUGH TO THE
DISTRIBUTOR, THEY CAN PAY EACH
OTHER THROUGH AN ONLINE DIGITAL
PROCESS.
>> I KNOW YOU IDEALLY WOULD
LIKE TO SEE MARIJUANA LEGALIZED
ACROSS THE COUNTRY BECAUSE YOU
SAY IF IT IS LEGALIZED AT THE
FEDERAL LEVEL, REVENUES WOULD