Is it the one percent from your Stockton location will then go to the Stockton community?

All of the money stays local for each store.

So every single store has its own advisory board and its own investment fund.

And the investment fund is is really, I think only half of the equation.

And then how do you um how do you select your your advisory board?

So it's by recommendations of the community.

We've been on a multi-year listening tour here, and um, you know, Josh has spent some time.

Um, Devin, who is no longer you know, she's with us, she's now running for Santa Barbara City Council.

She's so she's she stepped away, uh, but she spent the last two years, two, three years having coffees um with folks as she's built um, you know, this this um uh concept.

We we often don't select the board until after um we've been you know, approved to open in order to ensure that it's not politicized.

Um but we take recommendations from the community, and then the board really does self-select within itself.

So um folks can um uh you know, apply to be on it, and the board is a is a pretty uh fungible board.

Just to go backwards really quickly for one second to your first question too.

Um, you know, in it I appreciate the recognition that it's voluntary, and um in most we've volunteered to do this in each of the communities we serve, and we provide a record to the cities as part of our license renewal process to demonstrate that we've done this.

So um, there is a mechanism for you to know that we are actually doing what we say we will do.

I I appreciate that.

I'm just I'm just mindful of someday you guys could sell out to some you know what the capital fund or whatever, and and and I that goes away.

I but I'll take it in the meantime.

Um the the the um I had I had one other question, let me think uh think it through.

Oh um, I don't remember now, so sorry, I think I disrupted your flow.

You you were you're fine.

I uh I oh I know what it was.

This is an isolated, I don't know anything about this business.

Um well I know that I've driven by some and they're smelly uh, but but not not here in town.

But I I there was one when I lived in Sacramento, there was one down the streets.

I was very happy with what you said about making sure people don't smoke it on site because that drove me crazy.

Um but uh I I just wondering about do you in regards to the one percent.

So do you have any projections like as a result of you're isolated from residential, I don't imagine people walk over, but well, I don't know.

So this site talks why we why we like the site, because I think that drives the economic considerations.

We like the site because it's five miles, about five miles from the other location.

So there's kind of in Stockton, if you look at where um the dispensaries are really concentrated, there's several areas.

This is an area of Stockton that was really underserved for cannabis.

Um what we look at is trip generation studies of uh you know, we look at we look at traffic counts, the Starbucks anchor there drives a significant amount of traffic to that center.

We have ample parking, so you have you have a Starbucks, you have gas.

So this is more of a convenience purchase that's five miles away from any other dispensary.

And if we look at the addressable population there, um, well above the one dispensary per 15,000 ratio that we really kind of benchmark our decisions on.

Um we have a greater density of population within that five mile radius, and because of that, we believe this store will do somewhere between you know three million dollars in annual revenue and ten million dollars in annual revenue.

And I know that's a wide range, but consumption patterns for communities are wildly different.

So what we do is we underwrite it at the lower amount of the three million dollar just to ensure that we're putting forward a sustainable business, and then anything above and beyond that um you know is is great for everybody.

Thank you.

Excellent.

Uh, any other questions?

I'm waiting for my fellow commissioner.

Well, you can jump in there because it's so far.

I think I'm done.

Commissioner Ahmed, did you have a question?

I see you chatting with staff.

Sorry.

I knew you didn't have a slide.

I'm waiting for it.

So this is killing me, baby.

I know, I know, I know.

Um I had read through all of your your stuff that you have here, and um I I don't know.

I know you you're talking about you're gonna have security, so that you know, nobody's out there getting high in their cars and things like that.

I just I don't know how that can kind of be guaranteed.

Um I know that when all the other cannabis uh places that are here were all pre-me.

So I don't really know what was uh asked or anything, but I do know what the cannabis places look like now, and that's one of my larger concerns as to what this kind of turns into later.

Um, you start off one way and then it kind of changes later, and I just don't know how that can be guaranteed.

I guess that's my question to you, as far as um people not taking the product and then right when they get in their car, they're they're sitting there using the product and then they drive off.

So well, a couple of things, and I and I think that's a it's a fair concern because not all operators are created equally, and I I really will say that.