Answers That Count - Hosted By Charles Musgrove

#cannabis #prescriptioncannabis #california

In this episode we are joined once again by Steele Smith III, co-founder of C3 International and Idrasil, the world's first cannabis prescription. In this episode Steele shares his personal and painful story that lead him to be a leader in the prescription, medical cannabis. Steele recounts the 6 raids from the DEA and how he came to count on the annual 'October Surprise'. The raids were friendly and non-hostile (with the exception of the first one). Bottom line of the raids, no convictions, all charges dropped! This is a true description of the problems of conflicting Federal and State laws facing the cannabis industry, even medical and prescription cannabis.

A recent article by Total Prestige Magazine that featured Steele, titled the article as "The Disruptor. Steele Clarke Smith III, Pharmaceutical CEO. Pain Market Dominator". After you watch this episode of Answers That Count, you will understand this title and truly appreciate what Steele has done. Like many people that achieve great success, their drive and determination and heights of their success is based on a personal hardship. The hardship can take many forms. See the pain and health hardship of Steele and how he is overcoming this pain not just for himself, but for the multitude of patients that need relief and an alternative to relief drugs with terrible side effects, like opioids.

#mca, #finance, #payday

When cash is tight and businesses are desperate for survival, Merchant Cash Advance provides immediate cash to live to fight another day. However, the 'life' they provide can be short-term and usually leads to stacking of more MCA loans. Normally, the first MCA loan creates a violation of terms of pre-existing loans.

MCA loans is a unique financing tool and is similar to the pay day loans, which are loans available for the individuals. Or, at least they were at one time until most states made them illegal. These type loans have been made illegal to the individual consumer because they have usurious rates. And, the MCA loans have similar qualities with rates (if you are able to calculate the rate) over 50% to over 1,000% APR.

In today's episode, we are joined by Marc Mellman of MCA Stacking Solutions https://mcastackingsolutions.com/. Marc's career has been in various capacities in the finance industry. From the traditional bank industry, then to the factoring industry, and most recently he has provided consulting services to businesses that have executed MCA agreements and need help to work out of them. Check out this episode for valuable information about how to survive and get out of MCA agreements.

#covid, #liability, #tips

In this episode, we are joined by Dean LeBoeuf, founder of the Brooks LeBoeuf https://www.toomuchatstake.com/ law firm to discuss the legal implications to businesses caused by COVID. The fear can be so overwhelming that businesses don't re-open. Dean breaks down the risk into different categories and provides some simple tips to mitigate the risk a business owner may believe they might have.

Check out this episode for a big dose of 'stay calm and carry on'. If you own a business or manage a business, this is a can't miss episode.

#government, #intervention

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FSU Economics Professor Joe Calhoun joins us for another episode. We discuss the current economic events in the news for the week, including the unintended consequences of government intervention into regular trade between producers and consumers. Of course, the Government has the best of intentions when they enact legislation, but many times the cost of the unintended consequences outweigh the benefits.

We have discussed the problems created by the cash for clunkers program in a recent podcast. We have discussed in several episodes the costs resulting from the COVID lockdown. And now, in the news this week we see where California Governor Newsome has enacted legislation banning the production of gas and diesel automobiles by 2035.

In this episode, we also discuss another economic theory from the book Common Sense Economics. This discussion is about the theory 'Economic progress comes primarily through trade, investment, better way of doing things and sound economic institutions'. Check out this episode to see how we relate this theory to every day life. You will be sure to find nuggets of knowledge in this episode.

#cannabis, #medicalmarijuana, #california

Be sure to click the Subscribe Button and Hit the Notification Bell https://www.youtube.com/channel/UC5U0invXUtqoyrAnniwDjhQ/?sub_confirmation=1

Also, for more information, check us out at https://answersthatcount.com/ . We have articles of current, relevant information about business and economics.

For Apple Podcast, link here https://podcasts.apple.com/us/podcast/answers-that-count-hosted-by-charles-musgrove/id1479296350

Link to and Like our Facebook page at https://www.facebook.com/answersthatcount.

Please leave comments below, or send me requests or questions at cmusgrove@answersthatcount.com

In this episode we talk with Steele Smith, III, a medical marijuana entrepreneur living in Anaheim, CA. Steel is a historian and expert about the marijuana industry. In fact, Steel's personal story is nothing short of remarkable. To say he is a pioneer in the industry is an incredible understatement. His mission for survival and relief of pain from suffering from a rare disease is shaping the industry and will lead to a better medical solution for many patients in the future. Check is personal story here https://steeleclarkesmith3.com/.

You can also take a look at the development medical product here https://c3internationalinc.com/. The product can be pre-ordered here at the product site https://www.idrasilrx.com/.

In this episode we talk about the evolution of the cannabis industry in California and how California impacted the rest of the US. The black market industry is alive and flourishing according to Steele and his belief is that this is being fueled by the nearby states that are 'dry', all cannabis sales are illegal. Check out this episode for an informative and entertaining show.

In this session, Professor Joe Calhoun joins us again on the September 11 anniversary of the attack on the US. We give recognition of the importance of the date in our history. 

COVID is still a part of what we are dealing with in the economy as we see the government continue lifting restrictions on businesses. The most recent in the State of Florida is the opening of bars and lounges, with restrictions. Even with the lifting of some of the restrictions, many businesses will opt to remain close and not battle the restrictions on their business.

The economic recovery is fragmented and winners and losers will be determined post-COVID.

We also discuss the economic theory of 'profits direct businesses toward productive activities that increase the value of resources, while losses direct them away from wasteful activities that reduce resource value.'

Profit as calculated by the accountant is different than the economists calculation of profit. The explicit cost (accountants' calculation) plus the opportunity cost = the total economic cost. The economic cost is normally used by the entrepreneur to provide a baseline to make business decisions.

Economics Professor Joe Calhoun from FSU joins us for another episode to discuss the evolving changes in our economy resulting from the COVID impact. Even though the negative impact is significant, there have been positive changes in the economy also. In this episode we take a look at the upside impacts. Market segments, like real estate, home purchases show growth. The Florida market, specifically the NW Florida area have shown significant demand in 2020. It's almost like home owners are moving from large metro areas to sunny Florida and the beauty of the coast to work remote or work remote and do home schooling. We also chat about the monthly NFP report that was issued on September 4th revealing jobs added for the month and unemployment rate. These also show an economy that is improving with jobs added meeting expectations and the unemployment rate remaining below 10% at around 8.4%. The meat of the discussion is on the economic theory that prices bring the choices of buyers and sellers into balance. We break this down to every day examples to understand the importance of price in the market.

Theory of Price By CAROLINE BANTON Updated Feb 19, 2020 What Is the Theory of Price? The theory of price is an economic theory that states that the price for any specific good or service is based on the relationship between its supply and demand. The theory of price posits that the point at which the benefit gained from those who demand the entity meets the seller's marginal costs is the most optimal market price for that good or service. KEY TAKEAWAYS The theory of price is an economic theory that states that the price for any specific good or service is based on the relationship between its supply and demand. The optimal market price, or equilibrium, is the point at which the total number of items available can be reasonably consumed by potential customers. Supply may be affected by the availability of raw materials; demand may fluctuate depending on competitor products, an item's perceived value, or its affordability to the consumer market.

In this episode about Cyber Security Safeguards with Ben Graybar, we talk about the well known, large-scale public examples of cyber hacks as well as our personal experiences. The hacks that are public may seem like something that happens to someone else, but many times given the vastness of these hacks, we are caught up in them also. Usually, when we are caught in the public hacks that include tens of thousands, we just hope that we are the small fish in a large pond of bigger fish and that our data will not be hacked, even if our personal information has been compromised. Simple measures are the most effective ways to prevent being a victim of any type of hack. So, tune in to see how to safeguard your cyber security and not be a part of the hacked universe.

Cyber attacks seem very complex, and usually they are. However, simple measures are the most effective ways to prevent being victimized. Those simple measures include: (1) Password and (2) Public WiFi.

FSU Economics Professor Joe Calhoun joins the show again. In this episode we discuss the risk/reward decision process regarding COVID. What are you willing to risk when it comes to staying free of the COVID virus? Mental health, economic vitality, and normalcy  are all a cost if we go 100% lock-down to avoid catching the COVID virus. We don't want the cost of avoiding COVID to be greater than the effect of COVID itself. We then discuss the outlook for FSU with on-campus attendance and the financial fall-out to Tallahassee for the reduction in attendance on-campus. This hit is not just a Tallahassee thing ... it will be seen on college campuses across the US. 

We then spent the balance of the episode discussing the economic theory that decisions are made at the margin. Marginal benefit and cost what decisions are based. Check out this show to expand your understanding of this economic theory as Professor Joe uses the Diamonds and Water analysis comparing marginal value of a diamond and bottle of water. Interesting stuff ... check it out.

Professor Joe then turns this theory to the COVID situation and fully opening the economy vs. phased opening. He discusses the marginal cost and benefit of the lock-down continuing. He even applies the analysis to Mask mandates. Decisions are not all or nothing, they are made based on marginal costs/benefits.

Economic Key Element #2 – There are No Free Lunches In our continuing series of interviews with Professor Joseph Calhoun, Economics Professor at Florida State University, we talk about another key element of the Twelve Key Elements of Economics from the Third Edition of “Common Sense Economics, What Everyone Should Know About Wealth and Prosperity.” As the co-author of this book, public speaker and professor at a major university, Professor Joe provides a great perspective of how basic economic theories apply to current economic conditions.

In this interview we discuss key element #2, There is no such thing as a free lunch: Goods are scares and therefore we have to make choices. There are a couple of concepts we discuss in this episode that all relate to this key element, opportunity costs and prioritization of choices. Tune in and check out https://answersthatcount.com/ for articles and other episodes.