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Days Between Are Here Again. Larry talks Jerry

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Manage episode 373538700 series 2513821
Content provided by PodConx, Larry Mishkin, Rob Hunt, Dan Humiston, and Jamie Humiston. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by PodConx, Larry Mishkin, Rob Hunt, Dan Humiston, and Jamie Humiston or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Celebrating his Musical Legacy and Enduring Impact

Larry Mishkin discusses the annual days between August 1st and August 9th, celebrating the life of Jerry Garcia, who was born on August 1st and died on August 9th. They reminisce about Jerry's musical contributions and his special place in the Grateful Dead. They also share favorite Jerry Garcia tunes and live performances while praising his resilience, greatness, and lasting impact on the music industry. The summary highlights the deep admiration and love for Jerry Garcia and his enduring legacy.

Produced by PodConx

Deadhead Cannabis Show - https://podconx.com/podcasts/deadhead-cannabis-show

Larry Mishkin - https://podconx.com/guests/larry-mishkin

Rob Hunt - https://podconx.com/guests/rob-hunt

Jay Blakesberg - https://podconx.com/guests/jay-blakesberg

Recorded on Squadcast

A “Days Between” Episode for the Days Between Aug. 1 (Jerry’s birth) and Aug 9 (Jerry’s Deadth)

Some of my favorite “Jerry Moments” with the Dead

INTRO: Days Between

From: July 24, 1994

Soldier Field, Chicago

Grateful Dead Live at Soldier Field on 1994-07-24 : Free Download, Borrow, and Streaming : Internet Archive

Track No. 17

4:35 – 6:05

SHOW #1: Visions of Johanna

From: March 18, 1995

Spectrum, Philadelphia

Grateful Dead Live at The Spectrum on 1995-03-18 : Free Borrow & Streaming : Internet Archive

Track No. 16

:53 – 2:18

Dylan tune

From Blonde On Blonde (1966)

Dead covered it 8 times

First: March 19, 1986 Hampton Coliseum

Last: July 8, 1995 Soldier Field

SHOW #2: Comes A Time

From: September 3, 1985

Starlight Theater, Kansas City

Grateful Dead Live at Starlight Theater on 1985-09-03 : Free Download, Borrow, and Streaming : Internet Archive

Track No. 20

4:34 – 5:51

Jerry Tune from Reflections album (1976) Reflections is Jerry Garcia's third solo album, released in 1976. Partway through production, Garcia stopped recording with his solo band and brought in the members of the Grateful Dead, who performed on four songs, plus a bonus jam from 2004 release. Three of the four Grateful Dead-performed songs had earlier live debuts: "Comes a Time" (1971), "They Love Each Other" (1973) and "It Must Have Been the Roses" (1974); "Might as Well" entered their rotation in 1976, and "Mission in the Rain" received a select few performances that same year.

The song appeared a total of 66 times over the years, often with several hundred shows between performances.

First played on October 19, 1971 at the U (Minnesota) in Northrup Hall

It was played for the final time on October 9, 1994, at the USAir Arena, in Landover, Maryland.

SHOW #3: Shakedown Street

From: April 6, 1982

Spectrum, Philadelphia

Grateful Dead Live at The Spectrum on 1982-04-06 : Free Download, Borrow, and Streaming : Internet Archive

Track No. 13

9:10 – 10:14

Great interplay with Jerry and Brent

This is the classic Garcia sound of the ‘80’s

SHOW #4: Morning Dew

From: May 8, 1977

Barton Hall, Ithaca, NY

Grateful Dead Live at Barton Hall - Cornell University on 1977-05-08 : Free Download, Borrow, and Streaming : Internet Archive

Track No. 22

11:50 – 13:33

OUTRO: So Many Roads

From: July 9, 1995

Soldier Field, Chicago

Grateful Dead Live at Soldier Field on 1995-07-09 : Free Borrow & Streaming : Internet Archive

Track No. 10

9:22 – 10:30

Stories:

Key Senate Committee Says Federal Law Blocks Marijuana And Psychedelics Research Due To Schedule I Restrictions

Marijuana moment

A Senate committee has approved a spending bill report that contains sections encouraging the expansion of federally supported research into marijuana and psychedelics, while also expressing concerns about barriers to studies that result from the substances’ ongoing Schedule I designations. The panel further noted that scientists face “limited access to sources” of cannabis, suggesting that they should be able to study the actual products consumers are purchasing from state-legal dispensaries.

The Senate Appropriations Committee passed the legislation—which covers Fiscal Year 2024 funding for Labor, Health and Human Services, Education, and Related Agencies—and its attached report language last Thursday, advancing it to the floor.

In addition to the research-focused drug policy sections of the report, there’s also language in the underlying bill that prohibits the use of federal funds “for any activity that promotes the legalization of any drug or other substance included in schedule I” under the Controlled Substances Act (CSA), unless there’s “significant medical evidence of a therapeutic advantage.”

2. Small marijuana businesses take advantage of purported 280E loophole

MJ Biz

A growing number of marijuana businesses are taking advantage of a tax strategy that might reduce the costly financial burden imposed by Section 280E of the federal tax code.

Small businesses with a gross income of less than $27 million are able to deduct expenses to a “near-legal” degree, according to accountants specializing in cannabis.

By one estimate, marijuana companies paid nearly $2 billion more in federal taxes than mainstream businesses.

But not all certified public accountants are on board with using the relatively new tax strategy, and they warn cannabis entrepreneurs that using it could be risky.

Section 280E currently prevents plant-touching companies from deducting many traditional business expenses because marijuana remains a Schedule 1 substance and illegal under federal law.

In recent years, a growing number of accountants and professionals specializing in cannabis discovered a small business provision within 2017’s Tax Cuts and Jobs Act.

The provision, called Section 471(c), was designed to simplify accounting for inventory and cost of goods sold (COGS) for businesses with less than $25 million in gross income.

“For example, if a business wants to include 100% of its facility costs in its inventory calculation, it could do that if it is based on the company’s books and records,” said Justin Botillier, the founder and CEO of Oregon-based accounting firm Calyx CPA.

In other words, a cannabis retailer could include expenses associated with renting a storage facility for inventory in its cost of goods sold.

For some businesses, the tax savings from including such expenses under inventory costs can be significant.

“We can get taxes down to near-legal levels,” Botillier said in an interview with MJBizDaily.

According to Richards, costs disallowed under Section 280E do not “disappear” – they just cannot be deducted under the old accounting methods.

But under Section 471(c), the limitations of the old accounting methods no longer apply and some of the costs can be recognized as COGS.

This creates the possibility of recapturing costs that were previously disallowed under 280E before the use of the 471(c) method.

But while a growing number of CPAs are using it, there are still a number of accountants who won’t use 471(c), arguing that 280E disallows any kind of deduction and could invite audits.

3. Automatic expungement, no fake weed: 5 ways Minnesota’s legalization could be a national model

  1. Possession, consumption, and home grow are all legal Starting today, adults 21 and over are able to have up to two ounces of cannabis flower, eight grams of concentrates, and 800 milligrams of THC edibles in public. Those will also be purchase limits at adult-use dispensaries.

The limit for flower possession at a private home is two pounds. Adults can also opt to grow their own cannabis at home; each household is allowed eight plants, four of which can be flowering at any given time.

Plants must be in an enclosed, secure area that is out of public view. Rep. Hanson said this decision was made to deter crime.

b. Defining where you can consume may be tough

The cannabis bill (HF100) in Minnesota effectively makes public consumption legal—but there are a few exceptions.

First off, smoking marijuana is not permitted in multi-family dwellings. This means people in apartment buildings or similar properties may have to leave their property if they want to smoke or dab. Eating edibles or drinking THC drinks, however, is acceptable.

Smoking in vehicles is also banned as is driving under the influence of cannabis.

C. Cannabis sales are currently limited to tribal dispensaries

While adults may be able to have cannabis as of August 1, it may be difficult for them to get it. It could be early 2025 before dispensaries open, as the state takes time to flush out the licensure process and regulations.

However, Indigenous tribes in Minnesota have been given a head start and may opt to open adult-use dispensaries essentially as soon as they’d like. So far, two tribes in the northwestern part of the state have decided to take advantage.

D. Automatic expungement of criminal records starts immediately

Minnesota’s Bureau of Criminal Apprehension will begin automatic expungement of lower-level cannabis convictions right away. Over 60,000 Minnesotans may be eligible, but officials believe it may take up to a year to clear the backlog.

“No state has made it automatic,” Rep. Hanson explained. Every state has made their people petition to get their expungements done, which we didn’t feel like that was right. That’s going to completely free up the lives of so many people.”

Felony convictions may take a bit more work to erase from individual records. A Cannabis Expungement Board will soon be formed and will determine eligibility on a case-by-case basis.

E. Synthetic cannabinoids are banned

Products containing synthesized cannabinoids like HHC and THC-O were outlawed when Governor Walz signed Minnesota’s recreational marijuana bill into law earlier this summer. However, they continue to be sold in smoke shops and hemp dispensaries across the state.

According to Carol Moss, an attorney and partner at Hellmuth & Johnson, that will likely change this fall. All hemp businesses must register with the state by October 1st. Moss believes that a crackdown could come soon after.

“There’s still issues with enforcement—I expect there will be more once the state knows who’s selling it,” Moss told GreenState via text.

.Produced by PodConx

Deadhead Cannabis Show - https://podconx.com/podcasts/deadhead-cannabis-show

Larry Mishkin - https://podconx.com/guests/larry-mishkin

Rob Hunt - https://podconx.com/guests/rob-hunt

Jay Blakesberg - https://podconx.com/guests/jay-blakesberg

Sound Designed by Jamie Humiston - https://www.linkedin.com/in/jamie-humiston-91718b1b3/

Recorded on Squadcast

  continue reading

274 episodes

Artwork
iconShare
 
Manage episode 373538700 series 2513821
Content provided by PodConx, Larry Mishkin, Rob Hunt, Dan Humiston, and Jamie Humiston. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by PodConx, Larry Mishkin, Rob Hunt, Dan Humiston, and Jamie Humiston or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Celebrating his Musical Legacy and Enduring Impact

Larry Mishkin discusses the annual days between August 1st and August 9th, celebrating the life of Jerry Garcia, who was born on August 1st and died on August 9th. They reminisce about Jerry's musical contributions and his special place in the Grateful Dead. They also share favorite Jerry Garcia tunes and live performances while praising his resilience, greatness, and lasting impact on the music industry. The summary highlights the deep admiration and love for Jerry Garcia and his enduring legacy.

Produced by PodConx

Deadhead Cannabis Show - https://podconx.com/podcasts/deadhead-cannabis-show

Larry Mishkin - https://podconx.com/guests/larry-mishkin

Rob Hunt - https://podconx.com/guests/rob-hunt

Jay Blakesberg - https://podconx.com/guests/jay-blakesberg

Recorded on Squadcast

A “Days Between” Episode for the Days Between Aug. 1 (Jerry’s birth) and Aug 9 (Jerry’s Deadth)

Some of my favorite “Jerry Moments” with the Dead

INTRO: Days Between

From: July 24, 1994

Soldier Field, Chicago

Grateful Dead Live at Soldier Field on 1994-07-24 : Free Download, Borrow, and Streaming : Internet Archive

Track No. 17

4:35 – 6:05

SHOW #1: Visions of Johanna

From: March 18, 1995

Spectrum, Philadelphia

Grateful Dead Live at The Spectrum on 1995-03-18 : Free Borrow & Streaming : Internet Archive

Track No. 16

:53 – 2:18

Dylan tune

From Blonde On Blonde (1966)

Dead covered it 8 times

First: March 19, 1986 Hampton Coliseum

Last: July 8, 1995 Soldier Field

SHOW #2: Comes A Time

From: September 3, 1985

Starlight Theater, Kansas City

Grateful Dead Live at Starlight Theater on 1985-09-03 : Free Download, Borrow, and Streaming : Internet Archive

Track No. 20

4:34 – 5:51

Jerry Tune from Reflections album (1976) Reflections is Jerry Garcia's third solo album, released in 1976. Partway through production, Garcia stopped recording with his solo band and brought in the members of the Grateful Dead, who performed on four songs, plus a bonus jam from 2004 release. Three of the four Grateful Dead-performed songs had earlier live debuts: "Comes a Time" (1971), "They Love Each Other" (1973) and "It Must Have Been the Roses" (1974); "Might as Well" entered their rotation in 1976, and "Mission in the Rain" received a select few performances that same year.

The song appeared a total of 66 times over the years, often with several hundred shows between performances.

First played on October 19, 1971 at the U (Minnesota) in Northrup Hall

It was played for the final time on October 9, 1994, at the USAir Arena, in Landover, Maryland.

SHOW #3: Shakedown Street

From: April 6, 1982

Spectrum, Philadelphia

Grateful Dead Live at The Spectrum on 1982-04-06 : Free Download, Borrow, and Streaming : Internet Archive

Track No. 13

9:10 – 10:14

Great interplay with Jerry and Brent

This is the classic Garcia sound of the ‘80’s

SHOW #4: Morning Dew

From: May 8, 1977

Barton Hall, Ithaca, NY

Grateful Dead Live at Barton Hall - Cornell University on 1977-05-08 : Free Download, Borrow, and Streaming : Internet Archive

Track No. 22

11:50 – 13:33

OUTRO: So Many Roads

From: July 9, 1995

Soldier Field, Chicago

Grateful Dead Live at Soldier Field on 1995-07-09 : Free Borrow & Streaming : Internet Archive

Track No. 10

9:22 – 10:30

Stories:

Key Senate Committee Says Federal Law Blocks Marijuana And Psychedelics Research Due To Schedule I Restrictions

Marijuana moment

A Senate committee has approved a spending bill report that contains sections encouraging the expansion of federally supported research into marijuana and psychedelics, while also expressing concerns about barriers to studies that result from the substances’ ongoing Schedule I designations. The panel further noted that scientists face “limited access to sources” of cannabis, suggesting that they should be able to study the actual products consumers are purchasing from state-legal dispensaries.

The Senate Appropriations Committee passed the legislation—which covers Fiscal Year 2024 funding for Labor, Health and Human Services, Education, and Related Agencies—and its attached report language last Thursday, advancing it to the floor.

In addition to the research-focused drug policy sections of the report, there’s also language in the underlying bill that prohibits the use of federal funds “for any activity that promotes the legalization of any drug or other substance included in schedule I” under the Controlled Substances Act (CSA), unless there’s “significant medical evidence of a therapeutic advantage.”

2. Small marijuana businesses take advantage of purported 280E loophole

MJ Biz

A growing number of marijuana businesses are taking advantage of a tax strategy that might reduce the costly financial burden imposed by Section 280E of the federal tax code.

Small businesses with a gross income of less than $27 million are able to deduct expenses to a “near-legal” degree, according to accountants specializing in cannabis.

By one estimate, marijuana companies paid nearly $2 billion more in federal taxes than mainstream businesses.

But not all certified public accountants are on board with using the relatively new tax strategy, and they warn cannabis entrepreneurs that using it could be risky.

Section 280E currently prevents plant-touching companies from deducting many traditional business expenses because marijuana remains a Schedule 1 substance and illegal under federal law.

In recent years, a growing number of accountants and professionals specializing in cannabis discovered a small business provision within 2017’s Tax Cuts and Jobs Act.

The provision, called Section 471(c), was designed to simplify accounting for inventory and cost of goods sold (COGS) for businesses with less than $25 million in gross income.

“For example, if a business wants to include 100% of its facility costs in its inventory calculation, it could do that if it is based on the company’s books and records,” said Justin Botillier, the founder and CEO of Oregon-based accounting firm Calyx CPA.

In other words, a cannabis retailer could include expenses associated with renting a storage facility for inventory in its cost of goods sold.

For some businesses, the tax savings from including such expenses under inventory costs can be significant.

“We can get taxes down to near-legal levels,” Botillier said in an interview with MJBizDaily.

According to Richards, costs disallowed under Section 280E do not “disappear” – they just cannot be deducted under the old accounting methods.

But under Section 471(c), the limitations of the old accounting methods no longer apply and some of the costs can be recognized as COGS.

This creates the possibility of recapturing costs that were previously disallowed under 280E before the use of the 471(c) method.

But while a growing number of CPAs are using it, there are still a number of accountants who won’t use 471(c), arguing that 280E disallows any kind of deduction and could invite audits.

3. Automatic expungement, no fake weed: 5 ways Minnesota’s legalization could be a national model

  1. Possession, consumption, and home grow are all legal Starting today, adults 21 and over are able to have up to two ounces of cannabis flower, eight grams of concentrates, and 800 milligrams of THC edibles in public. Those will also be purchase limits at adult-use dispensaries.

The limit for flower possession at a private home is two pounds. Adults can also opt to grow their own cannabis at home; each household is allowed eight plants, four of which can be flowering at any given time.

Plants must be in an enclosed, secure area that is out of public view. Rep. Hanson said this decision was made to deter crime.

b. Defining where you can consume may be tough

The cannabis bill (HF100) in Minnesota effectively makes public consumption legal—but there are a few exceptions.

First off, smoking marijuana is not permitted in multi-family dwellings. This means people in apartment buildings or similar properties may have to leave their property if they want to smoke or dab. Eating edibles or drinking THC drinks, however, is acceptable.

Smoking in vehicles is also banned as is driving under the influence of cannabis.

C. Cannabis sales are currently limited to tribal dispensaries

While adults may be able to have cannabis as of August 1, it may be difficult for them to get it. It could be early 2025 before dispensaries open, as the state takes time to flush out the licensure process and regulations.

However, Indigenous tribes in Minnesota have been given a head start and may opt to open adult-use dispensaries essentially as soon as they’d like. So far, two tribes in the northwestern part of the state have decided to take advantage.

D. Automatic expungement of criminal records starts immediately

Minnesota’s Bureau of Criminal Apprehension will begin automatic expungement of lower-level cannabis convictions right away. Over 60,000 Minnesotans may be eligible, but officials believe it may take up to a year to clear the backlog.

“No state has made it automatic,” Rep. Hanson explained. Every state has made their people petition to get their expungements done, which we didn’t feel like that was right. That’s going to completely free up the lives of so many people.”

Felony convictions may take a bit more work to erase from individual records. A Cannabis Expungement Board will soon be formed and will determine eligibility on a case-by-case basis.

E. Synthetic cannabinoids are banned

Products containing synthesized cannabinoids like HHC and THC-O were outlawed when Governor Walz signed Minnesota’s recreational marijuana bill into law earlier this summer. However, they continue to be sold in smoke shops and hemp dispensaries across the state.

According to Carol Moss, an attorney and partner at Hellmuth & Johnson, that will likely change this fall. All hemp businesses must register with the state by October 1st. Moss believes that a crackdown could come soon after.

“There’s still issues with enforcement—I expect there will be more once the state knows who’s selling it,” Moss told GreenState via text.

.Produced by PodConx

Deadhead Cannabis Show - https://podconx.com/podcasts/deadhead-cannabis-show

Larry Mishkin - https://podconx.com/guests/larry-mishkin

Rob Hunt - https://podconx.com/guests/rob-hunt

Jay Blakesberg - https://podconx.com/guests/jay-blakesberg

Sound Designed by Jamie Humiston - https://www.linkedin.com/in/jamie-humiston-91718b1b3/

Recorded on Squadcast

  continue reading

274 episodes

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