In The Cannabis Review, Eoin Long talks with leading figures in commercial cannabis. The show has a stated aim of educating viewers while clarifying ‘some of the sectors and topics of interest in the global cannabis industry’. The YouTube channel launched in February of 2021, where he has interviewed the likes of Dr. Peter Grinspoon, Mitchell Osak, JP O’Brien of Little Collins CBD, Jim Weathers of Puff N’ Stuff, Matthew O’Brien of The Green Paper and many others from around the globe.
What inspired you to start The Cannabis Review?
It was initially set up two years ago as a project for one of my companies, and it ended up turning into a great source of data and information and a way to connect with industry leaders.
I got to realise, ‘I don’t need money to pay for this to be made and I know how to do everything myself’, so I just started cherry-picking people of great knowledge in the industry I wanted to learn from. I thought: ‘What do I want to know about the sectors that are going to be the areas of interest?’ Over the course of time, I’ve built up a pretty strong global network and an ability to see what’s coming around the corner. The aim of The Cannabis Review is to help educate and inform both the consumer and the entrepreneur in the industry, in any way I can.
In your view, how strong is cannabis activism in Ireland?
Activism in Ireland is very strong. The folks that do it need to be commended; Martin, for example, who does Martin’s World, Natalie O’Regan, Cork Cannabis Activist Network, JP & Íde at Little Collins, Jim at Puff n’ Stuff, the Crainn folks plus a host of other determined people. There’s a lot of work they are doing now where they are putting themselves at risk, and most are not getting any financial reward for doing this. They are doing this because they believe it is the right thing. That has to be commended, no matter what side of the fence you sit on. For a businessman like myself who wants the industry legalised, you need more people like that. I would like to point out the likes of Luke Flanagan [independent], Gino Kenny [People Before Profit], Neasa Hourigan [The Green Party], and Lynn Ruane [independent]. These politicians will be remembered and appreciated for a long time for the work they are doing to help our community.
I find The Cannabis Review more accessible than many other shows of a similar nature, due to its length. Was that a strategic decision on your part?
It was, yes. I had looked at a lot of the shows and felt this was a more suitable model for educating myself and fellow entrepreneurs. You manage to get straight to the point this way. The guests have also commented on how nice the short time frame is and that it doesn’t become boring or over-complicated. There are very few good cannabis shows or podcasts out there and I aim to build TCR up over the coming years. The way you get good at something is by talking to people who are very knowledgeable in specific disciplines and that helps you round off your structure of knowledge. That is the way I have treated this show for myself. If other people are benefiting from watching the episodes, then that is great. I’ve been doing The Cannabis Review for two years and talking to some of the biggest CEOs in the world. And I’m only scratching the surface of how big this industry will be.
If you had to choose a few guests from The Cannabis Review who you found to be the most interesting personally, who would they be and why?
The number one is definitely Dr. Peter Grinspoon, who is a medical GP. The episode I did with him was Cannabis and Pain, and I think everybody seems to have liked that one. That one had the most knowledgeable medical professional I have spoken with to date. Somebody who is bonafide. His father [Lester] was in this space as well. He was just one of those people where you couldn’t not respect or be in awe of the information he possessed. There’s another gentleman then called Matt Lamers, who covers international business for MJBiz Daily. Matt, to me, is the best source of cannabis information and knowledge in the business world, especially when it comes to the Canadian MSOs. He’s one of the smartest and nicest guys, I had him on the show as well and everything that he posts is pretty much always on point.
For you, what have been the most exciting developments in the cannabis industry over the past few years?
I think biotechnology will change the game to a degree, with the use of microorganisms capable of fermenting cannabinoids in bioreactors, exactly how they make beer. I think that’s the future for a lot of the ingredients side of the industry – a lot of the activity is going to end up being in that space, due to potential scalability, purity, safety of the end product, IP-able methods and the price per litre versus a farm grown method. The second thing I would probably say is, New York. One cannot underestimate how important New York’s legalisation is for Ireland. Whatever about Germany and Malta starting their processes, you still see unclear language from the three coalition Parties in Germany trying to get this over the line, but New York has moved swiftly, with stores opening in Autumn or earlier. They have enacted a lot of public service projects, in terms of people with weed-related convictions who are now allowed to apply for cannabis licences.
There is a lot of good being drafted into their Bills and the people in charge of the various departments seem to be very smart. Plus, Ireland and New York have a special relationship. I think the more it grows over there, where you will start seeing that it’s four to five billion a year in turnover, you are going to start seeing moves being made here. The capitalist model is to expand and to grow and to acquire new consumers and new markets. We are in a good space. Germany is going to legalise recreational use and New York is almost ready to open with their industry. Slowly but surely, those big companies will begin to want to take more territory and to start moving towards Ireland.
I see Ireland being a gateway into Europe for a lot of the North American companies and I think that’s the way Ireland should be positioning itself. We have got a very skilled, intelligent young workforce over here. There’s a reason Google and all major North American companies operating in Europe are headquartered here and I don’t think the cannabis companies will be any different. That is not to say we won’t have our own hugely successful global cannabis companies. That is for certain, in my opinion. Who those entrepreneurs will be is still up for grabs.
Are there any stand-out cannabis companies you see as having especially exciting potential, in Europe or further afield?
There are a good number of exciting cannabis companies, and you kind of need to fine-tune it down into each sector – is it the edibles market, the vape category, hemp and construction? There’s Hempflax. They are a pretty amazing company that I think is going to revolutionise industrial hemp in construction. BioHarvest Sciences can make the cannabis plant in a bioreactor without using cultivation methods. You have Prūf Cultivar in Oregon and The Werc Shop in California. Bhang is another, Cann Drinks will be a global brand. For Europe, the market is so early that I believe the most exciting companies are still to come. What I’m looking forward to seeing is the first real brand that comes out of Ireland. I think Ireland has got a Kerrygold or a Guinness [of cannabis] in it, and I’m looking forward to seeing who gets that up and running. Look what we did with alcohol, do you think we cannot do the same in this industry?
Yeah. It’ll be interesting to see how soon that can become a reality. It often feels like our government drags their heels with all of this.
Yeah, but this is another thing that people are getting annoyed about. People are getting annoyed at politicians who know nothing, you know? Richard laughs I feel sorry for Frank Feighan [Minister with responsibility for drug policy] now at this stage, with the amount of abuse that he seems to get on Twitter. But at the same time, they’ve signed up for this game. They’re public servants, so everyone’s within their rights to be contacting them and telling them how they feel about a specific topic. And that’s just tough, they have got to take it. But at the same time, I think there needs to be a level of realism about who the decision makers are. You hardly think Stephen Donnelly is going to be the Minister for Health in three, five years time? When the next election comes, there will be a shuffle in the cabinet and he won’t be in that same position. So, to waste all the efforts on that individual.. he’s not doing it within three years, not from what I can see.
Barring it becoming this new piece of their election campaign, where one of the smarter Parties picks it up. Until we get to the next election, we won’t know. And that’s why a Citizens’ Assembly can be pushed off until then, because the election campaign comes around mid-2023 for the 2025 election. You’ll have a good year and a half of whether they are going to bring that into a campaign that they will go around trying to get the young vote with, or if it will just be disregarded by the Parties again. I reckon that by 2025, New York will be three years legal. There will be [cannabis industry] people chomping at the bit to get into this country. Anybody with any sort of common sense in our government will support this industry then. We know the Revenue people would love to have the tax revenue from this. We know a lot of the people in the Department of Justice would like to lessen the petty crime cases, which are a nonsensical waste of time and resources for Gardaí. And it appears that a number of influential individuals in politics who are outdated in their thinking process are able to hold this whole process back.
How do you think cannabis misinformation in the media can be more effectively tackled?
The mainstream media really have no clue about the cannabis industry outside of 420 and the munchies and the usual stereotypes. They just write pieces based on second hand information. People on both sides react to it and they have succeeded in their job as a modern journalist, which is to get a reaction, good or bad. Journalism used to be about informing the public with real information. Tell me when have you ever seen a real investigative journalism piece on cannabis in Ireland? The other day, RTÉ posted an article about seized plants that were not even grown, which Gardaí claimed had an estimated value of €200,000. It was so embarrassing to see that. Who in their right mind cleared that article? It was a downright lie, published seemingly without question by our national broadcaster.
There are a number of good sites popping up to help with cannabis misinformation and one of my recent guests, Professor Dan Bear, has a new site & Twitter account – I would suggest that people check those out. Ireland definitely needs a source which calls out misinformation in this manner.
When do you see cannabis being fully legalised in Ireland, realistically?
How far down the line do you think that will be?
I would say 2027/2028. If you go to the next election, let’s say that is in 2025.. Let us say there is a Party going: ‘Right, we’re legalising cannabis.’ And they win. It’s at least one to two years of paperwork and taxation laws being constructed. What department is it under? What are the taxes and laws? So, they’re going to have two years of politicking, and everybody figuring things out. They are going to need a cannabis board, they are going to need professionals in all the different sectors, they are going to need to start the licensing process. Cannabis Compliance Ireland, the lobbying firm that I co-founded – we already have all that built and ready to go. We sent a proposal document to all the government officials, about three years ago, for how to develop and enforce a legal cannabis industry in Ireland. I have talked to all the Department heads over in Colorado, California, Oregon, New York plus many more about how to design licensing and taxation systems. So we have all that information already, in our pocket.
Cannabis Compliance Ireland, when everything gets legalised… There won’t even be a company close to the amount of information, data and connections that we’ll have built up over time for our country. You’ll be ready at the outset. That’s five years experience so far, we’ve got multiple databases built out and we have already designed numerous types of industry policy and taxation papers that could be used in Ireland. If the government decides to legalise cannabis we will have everything ready for them to utilise from taxation to licensing and duty, to import, export, financial support and social equity programmes. We have all the boring information and policy that will make the Irish industry ready to go. I believe Ireland has some of the best entrepreneurs in the world and our island will be the gateway to Europe for all the North American companies in this sector. It is up to us to build the companies and services to compete.
Beyond contacting local TDs, what else would you advise people to do to get the cannabis discussion off the ground properly in Ireland?
Well, first and foremost, I think we need to start having good events. And that’s hopefully something that we’re going to start looking at at the start of 2023, maybe starting with some of the great guests we have already had on The Cannabis Review. I am going to bring over a select few from a couple of different industries and disciplines and invite a number of politicians and policymakers along as well. It will show everybody that this is how you create a company in this industry and these are the experts within a couple of different disciplines who are going to give a brief presentation and outline what needs to be done to be successful.
Because this is business now. It’s not the cannabis industry, it is business. And to run any business you need to know your product, your consumers and the rules and regulations. You need to be researching and developing your ideas and your products continuously, because there’s no guarantee for success in anything. But the harder you work at something, the better a chance you’ll have of it working. I can’t wait to hear your updates on those events. By the way, I am going to be turning The Cannabis Review into its own media website soon. It will have its own bi-weekly newsletter. It will be a source of news and information on the New York, Irish and European industries, with a section for stocks, op-eds, top weekly stories and all of that sort of stuff.
That’s what we need more than anything in Ireland, a de facto source of information that is consistently up to date. That sounds great, best of luck with that! It sounds like you’ve got very exciting plans for the future. We’re looking forward to hearing about those as they develop. Thanks again and take care! See you!