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Mastercard Banning Marijuana Purchases Is The Best Thing That Could Happen to the Weed Industry?

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Mastercard blocks cannabis transactions

This past week, Mastercard, a leading player in payment processing, disclosed its intention to hinder PIN-based debit card transactions for marijuana purchases. This decision is a setback for the regulated cannabis industry, which already faces challenges in offering limited payment options to consumers.

 

According to Bloomberg’s report last Wednesday, Mastercard, the second-largest payment solutions provider globally, has notified financial institutions and payment processors to cease processing marijuana purchases with debit cards.

 

This action is driven by the stringent federal regulations that restrict banks from engaging with marijuana companies, even those operating legally under state law. Consequently, most financial institutions opt not to offer standard banking services, including credit card processing, to such businesses.

 

Mastercard’s spokesperson stated that their discovery prompted the decision to take action that cannabis dispensaries were accepting debit cards for marijuana purchases. Upon learning of this matter, the company promptly conducted an investigation. Per their policies, they directed the financial institutions providing payment services to cannabis merchants and linked to Mastercard to cease such activities.

 

The Mastercard spokesperson further clarified that since the federal government deems cannabis sales illegal, their systems do not permit these purchases. Therefore, the company’s action aligns with the legal restrictions in place.

 

The industry responded with “doom and gloom” as customers will now be forced to use more physical cash, a cumbersome and dangerous process.  Remember, it was never legal to use a card with a Visa or Mastercard logo on it to buy cannabis in America. Both companies have issued numerous statement clarifing this over the years, and any version of a payment system that worked around this was considered “illegal” or “cloaking” by Mastercard and Visa. 

 

Could there be a siliver-lining in Mastercard’s decision for the cannabis industry?  Let’s look at “postive outcome” scenarios:

 

1. Safety – Whlle this move will inflict short-term pain for the industry, it will also propel safety concerns for employees and customers to the forefront of public discussion.  California is already seeing a growing trends of dispensary break-ins and robberies, this will only amplify that situation in many other states.  What congresss man or women wants to answer questions that they are putting voters in pubic harm’s way unneccessarily?

2. Cannabis is a billion dollar industry in the US already, maybe close to $13.2 billion by some estimates.  There is just too much money being moved around in transaction to go “all cash”.  The US government may be provoked to make a change in order for safety, tracking, tax purposes, etc.  This move will also embolded the illicit market, since they only use cash or a cash app already.

3. Forcing everyone to cash, considering cashless ATMS were under fire just 6 months ago as well, creates a massive opportunity for money laundering and drug cartels to move into the legal cannabis space.  DEA and ATF will not be fans of more organized crime taking over the marijuana industry.

4. Is this a slavo from Mastercard to the US government saying, “Enough is enough, get your act together so we can run a proper business with credit cards, banking, tracking, CYA documents, and let’s normalize cannabis like the alcohol and tobacco industry”? A quick read would say Mastercard is against cannabis, but what if they see the much bigger $500 million picture and this is a move to force a federal change either in legality or at least banking?

5. The US government is slowing chocking off the money supply to the legal cannabis industry with the shutdown of cashless ATMS and now Mastercard cracking down. This same gameplan was used agains online gambling establishments in the early 90s and 2000s. If we can’t stop you, we can stop the money supply and slowly put you out of business. As we fast forward 20 years, we now have Draft Kings and Fan Duel and completely legal sports betting.  A similar process may be going on now as big players are getting ready to move in, think Altria and Pfizer, so they need ot chock out the smaller players before a bigger more legit legalization move. Not saying it is an “apples to apples” comparision, but there are some similarities doing on with a gray area business coming into full legalization.

 

Dispensaries Seek for New Answers

In the wake of Mastercard’s decision to disallow debit card purchases for cannabis, cannabis dispensaries that previously relied on this method have started seeking alternative payment solutions. Peter Su, the director of specialty banking at Hanover Bank, who has been involved in cannabis banking programs and served as a payment processing consultant for the industry, reported receiving calls about the situation last week.

 

This week, the number of inquiries from affected companies has only increased. According to Su, the demand for payment alternatives is substantial, and he has been inundated with inquiries from concerned parties.

 

Notably, last year, some major ATM transaction processors, including NCR Corp.’s

Columbus Data Services, also shut down another popular payment processing system used by dispensaries called cashless ATMs. These cashless ATMs allowed consumers to use their debit cards to withdraw cash, which was then used to make payments for cannabis purchases.

 

According to Tyler Beuerlein, the chief strategic business development officer of Safe Harbor Financial Services, a company offering banking and lending services to cannabis businesses, the recent crackdown on electronic payment options has severely limited licensed marijuana retailers’ choices to conduct transactions with their customers.

 

Beuerlein noted that many retailers had shifted towards PIN debit as a preferred payment method over the past year and a half due to difficulties with cashless ATMs. However, with the current crackdown affecting PIN debit solutions, the available alternatives are reduced to ACH (Automated Clearing House) transactions or cash, presenting new challenges for the industry.

 

However, many consumers perceive ACH (automated clearing house) payments as inconvenient and potentially risky, as they involve sharing bank accounts and routing information with the dispensary. On the other hand, cannabis operators are reluctant to rely heavily on cash transactions, as it can expose retailers to the risk of robbery and other forms of theft.

Industry Push Forward For Legislative Solution

The Secure and Fair Enforcement (SAFE) Banking Act represents a crucial federal legislative solution to resolve the longstanding issue of the cannabis industry’s lack of access to traditional banking services. This proposed act seeks to grant cannabis companies legal access to essential financial services, including credit card processing, which has been a significant challenge for the industry.

 

Despite garnering bipartisan support in both the House of Representatives and the Senate, the bill has encountered roadblocks in its journey toward becoming law. While the House of Representatives has approved it on seven separate occasions, it has yet to receive a vote in the U.S. Senate, leaving the cannabis industry in a state of regulatory uncertainty.

 

Matt Darin, the CEO of Curaleaf, a prominent player in the cannabis market renowned for its substantial revenue, emphasizes the situation’s urgency. He points out that the recent crackdown by Mastercard on debit transactions for cannabis purchases underscores the pressing need for the federal government to acknowledge the cannabis industry as a legitimate, tax-paying, and job-generating sector of the economy.

 

In an email to High Times, Matt Darin highlighted the remarkable growth of the cannabis industry, labeling it one of the fastest-growing sectors in the U.S. He stated that the industry contributed over $3.7 billion in state tax revenue in 2022 and provided employment to more than 428,000 Americans. The widespread acceptance of cannabis is evident, with its legalization for medical purposes in 40 states and recreational purposes in 23 states. Moreover, 88% of Americans support the nationwide legalization of cannabis.

 

However, despite the industry’s significant economic contributions and widespread public support, Darin questioned when the laws would finally catch up with the reality of cannabis’s acceptance and potential. The disparity between the industry’s growth and legal status poses challenges for businesses and consumers.

 

By passing the SAFE Banking Act, the United States government would offer a practical answer to these difficulties and recognize the cannabis industry’s indisputable contributions to the economy. This decision might result in significant economic advantages, new jobs, and the ability of cannabis enterprises to participate entirely and responsibly in the banking system.

 

Aside from the economic benefits, legalizing banking services may improve regulatory control, making it easier for the government to monitor and enforce compliance with tax regulations and other requirements. Furthermore, eliminating reliance on cash transactions and the accompanying security threats would contribute to a safer environment for both businesses and customers.

Conclusion

Mastercard’s decision to hinder PIN-based debit card transactions for marijuana purchases represents a significant setback for the regulated cannabis industry, which is already grappling with limited payment options. The stringent federal regulations restricting banks from engaging with marijuana companies have created obstacles for financial institutions to provide essential services, including credit card processing.

 

This has forced dispensaries to seek alternative payment solutions, highlighting the urgent need for federal legislative action, such as the SAFE Banking Act, to grant legal access to traditional banking services. Recognizing the cannabis industry’s economic contributions and widespread acceptance can lead to significant economic advantages, job creation, and improved regulatory control while promoting a safer environment for businesses and consumers alike.

 

CREDIT CARDS FOR A WEED PURCHASE, READ ON…

CREDIT CARDS FOR BUYING MARIJUANA

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Scientists Now Think That One Compound in the Cannabis Plant Can Replace All Opiates

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Which Cannabis Compound Do Scientists Think Can Replace Opiates?

…And Why This Is Important

Opiates are a type of pharmaceutical drug that’s been made from the opium poppy plant. While it’s somewhat a ‘natural’ substance that’s been extracted from the fibers and sap of the opium poppy plant, these are extremely dangerous sedatives that act on the central nervous system. However, there are completely synthetic opioids as well, which are manufactured entirely in laboratories.

Famous examples of well-known and widely-used opiates today include heroin, codeine, and morphine. They all work similarly, binding to the brain’s opioid receptors and users feel a drastic reduction in pain. It also causes users to feel euphoric, drowsy, or sleepy. Common side effects include constipation and nausea.

Because opiates are powerful for dulling one’s pain perceptions, they have become commonly prescribed by doctors and hospitals for pain relief. That said, opiates have become one of the world’s most addictive, dangerous, and fatal drugs – and you can get prescribed it right by your very own physician. Repeated use of opiates can easily lead to dependence and addiction, and eventually consuming high doses can drastically slow down breathing, and cause brain damage, or even death.

Since doctors still keep prescribing opioids, this has resulted in the deadly Opioid Epidemic, which has killed thousands of people. It’s a worrisome public health crisis, most especially because of fentanyl, an illegally manufactured opioid which is said to be 50 times more potent than heroin.

Could The Answer To The Opioid Epidemic Lie In Cannabis…Terpenes?

The past few years have shown that cannabis legalization is critical for surviving the opioid epidemic, and reducing overall opioid consumption.

The results of a recent research paper, which builds on past studies conducted by Dr. John Streicher, who is a member of the Comprehensive Center for Pain and Addiction, reveals fascinating findings. According to Streicher, cannabis terpenes were found to provide relief in inflammation models as well as on neuropathic pain caused by chemotherapy.

For the study, Streicher and his research team analyzed 4 kinds of terpenes that are found in mid to high levels in Cannabis sativa plants: linalool, geraniol, beta-caryophyllene, and alpha-humulene. They discovered that each terpene produced significant pain relief among mice subjects with fibromyalgia and post-operative pain, and among the terpenes, geraniol was found to be the most powerful.

“Our research is showing that terpenes are not a good option for reducing acute pain resulting from an injury, such as stubbing your toe or touching a hot stove; however, we are seeing significant reductions in pain when terpenes are used for chronic or pathological pain,” he said. “This study was the first to investigate the impact of terpenes in preclinical models of fibromyalgia and post-operative pain and expand the scope of potential pain-relieving treatments using terpenes,” Streicher said.

Cannabis terpenes are the compounds responsible for the aromatic profile of each strain; they are located in the plant trichomes. Not only do they contribute to each strain’s unique flavor and odor, but they also have valuable therapeutic and medicinal benefits. There are around 150 kinds of terpenes known today, though in the entire plant world, there are known to be some 20,000 terpenes.

Understanding the therapeutic benefits of terpenes is incredibly valuable also because they don’t contain THC (tetrahydrocannabinol), the compound in marijuana that gets you high.

“With fibromyalgia, there isn’t much of an understanding of what the pain state is, and there are not a lot of great options for treating it,” explains Streicher. “Our findings show that terpenes may be a viable treatment option for fibromyalgia pain, which could potentially have a large impact and make a difference for an under-treated population.”

Other Studies

This is not the first time that cannabis terpenes have been found to demonstrate excellent pain-relieving properties. It must be noted that just like what Streicher says, terpenes seem to do better with chronic pain management, instead of acute pain management.

Another study from 2024, which was published in The Journal of the Association for the Study of Pain, was conducted by researchers at the University of Arizona and the National Institutes of Health. The investigators analyzed the analgesic properties of different terpenes including geraniol, humulene, linalool, pinene, and caryophyllene among mice subjects with chemotherapy-induced peripheral neuropathy.

According to the researchers, all the terpenes delivered analgesic effects that were equivalent to around 10 mg/kg of morphine. It was also interesting to note that administering both morphine and terpenes together at low doses resulted in ‘enhanced’ pain-killing effects.

“Together these studies identify cannabis terpenes as potential therapeutics for chronic neuropathic pain,” said the investigators.

There have also been other studies that have found that combining cannabis with opioids can indeed provide long-lasting pain relief. It comes with the added benefit of reducing opioid doses needed for effective pain control. This phenomenon is called opioid-sparing. These types of protocols can be beneficial for patients who suffer from severe, chronic pain caused by cancer, arthritis, joint problems, fibromyalgia, diabetes, post-surgical pain, migraines, nerve damage, and so much more.

Conclusion

Learning more about the pain-killing properties of terpenes is extremely valuable for the medical community, patients, and even society as a whole. We can all do with less opioid addictions because it has torn families apart, and caused the deaths of thousands of people.

Terpenes, or cannabis in general, offer a natural and safe alternative that can be complementary to other pharmaceutical treatments designed to reduce pain.

 

SWAPPNG OPIOIDS FOR CANNABIS, READ ON…

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Cannabis and the Authoritarian State

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Cannabis and the Authoritarian State

Cannabis has been legal for longer than it has been illegal. Let that sink in for a minute. For thousands of years, humans cultivated and consumed cannabis freely across civilizations and continents. It wasn’t until the early 1900s that we witnessed a massive push to drive hemp and cannabis into the black market, primarily due to industrial competition from petrochemicals, pharmaceuticals, and other industrial applications.

What makes cannabis so threatening to powerful interests? For starters, hemp and cannabis are highly versatile crops with over 50,000 different uses, from medicine to textiles to fuel. Even more remarkable is how this plant is hardwired to work with the human body through our endocannabinoid system—a biological network we didn’t even discover until the 1990s.

Perhaps most threatening of all is that cannabis is insanely easy to grow. This means that if the plant helps you with a particular physical ailment, you have the ability to grow your own medicine indefinitely. No insurance premiums, no wait lists, no pharmaceutical middlemen—just you cultivating your own healing directly from the earth.

Authoritarians do not like this, not one bit. When people can meet their own needs independently, power structures lose their grip. When citizens can think differently without permission, control systems begin to fail. So today, we’re going to look at the interesting relationship between authoritarianism and cannabis, and how this humble plant plays a key role in keeping you free.

We’ve already established the versatility of cannabis, but there’s another element that those old D.A.R.E. PSAs inadvertently reveal about what authoritarians think about cannabis. I’m talking, of course, about “behavior.” You see, in an authoritarian system, you and I are but cogs in the machine. We’re the expendables who should be proud to work ourselves to death for our “fearless leaders.”

This is precisely why certain ideas, philosophies, religions, movements, books, and substances are typically banned in authoritarian regimes. Take North Korea as an example: everything from the type of television citizens watch to the music they hear is a tightly spun spell designed to keep the populace in check. While they don’t have explicit laws against hemp (they actually grow it industrially), smoking psychoactive cannabis is strictly forbidden.

Contrast this with places like Malaysia, where you can get up to 5 years for possessing just 20 grams of cannabis, and even face the death penalty depending on the situation. These authoritarians don’t play around when it comes to cannabis because they know it affects the behavior of their populace in ways they can’t control.

The question becomes: what behavior do they fear so much that cannabis produces within the individual?

The answer is a critical mind. People who consume cannabis often begin to question their own belief systems. Most regular users undergo some transformation in their values and perspectives. Cannabis has a unique way of helping people see beyond cultural programming and think outside established paradigms. It can make the familiar strange and the strange familiar—a psychological state that’s antithetical to authoritarian control.

This independent thinking runs counter to the narrative of authoritarians who wish to maintain a tight grip on social consciousness. If even 10% of a population begins to pivot in their behavior within a regime, it can have massive ripple effects. Just look at cannabis in the US—it went from being demonized to being embraced by the majority in less than 80 years, despite massive propaganda efforts.

For authoritarians, psychoactive cannabis isn’t primarily a threat to public health and wellbeing—it’s a threat to the health and wellbeing of authoritarianism itself. When people start thinking differently, they start living differently. When they start living differently, they start demanding different. And that’s the beginning of the end for any system built on unquestioning obedience.

Beyond the threat to thought control, there’s another reason why drugs in general remain illegal: the state can use prohibition as a weapon against the populace. This isn’t conspiracy theory—it’s documented history.

Take Nixon’s war on drugs. His domestic policy chief, John Ehrlichman, later admitted: “We knew we couldn’t make it illegal to be either against the war or black, but by getting the public to associate the hippies with marijuana and blacks with heroin, and then criminalizing both heavily, we could disrupt those communities.” Nixon essentially placed cannabis on the Controlled Substances Act because he needed an excuse to shut down anti-war protests and target Black communities.

Since hippies and anti-war protesters were smoking “freedom grass,” making it illegal would circumvent their freedom of speech and freedom of assembly, and more importantly—turn free citizens into state property. It’s a win-win if you’re an authoritarian looking to silence dissent.

Then there’s the whole “boogeyman” complex that prohibition creates. We’re told “drug dealers” are roaming the streets preying on innocents, giving them “marihuanas” so they can do vile things. What the government conveniently leaves out is how the banks these “dealers” use to launder their money remain untouched. They don’t mention the shadier dealings of law enforcement either—like running guns into Mexico (eventually leading to the death of one of their own), or spraying poison on crops, killing and hospitalizing people because, you know…”Drugs are bad!”

Authoritarians cannot let go of the value that keeping the most widely used illicit substance in the world illegal provides them. This explains why the US hasn’t federally legalized cannabis despite nearly 80% of Americans supporting some form of legalization. It’s not because they don’t have enough research or that they’re genuinely concerned about public health—it’s because prohibition gives them all the privileges of violating constitutional rights while siphoning money into their coffers.

Drug prohibition creates a perpetual enemy that can never be defeated, allowing endless justification for surveillance, militarized police, asset forfeiture, and expansion of state power. What authoritarian could resist such a convenient tool?

Cannabis is a plant. You can’t make nature illegal—it’s counter to the human experience. When governments attempt to criminalize a naturally occurring organism that humans have cultivated and used for thousands of years, they reveal the absurdity of their position and the limits of their authority.

While the United States isn’t a full-on authoritarian state (yet), the truth is that many authoritarian elements have played out over the years. You only need to look as far as the war on drugs to see how the state utilizes prohibition as a weapon to their advantage. From no-knock raids to civil asset forfeiture to mass incarceration, drug laws have erected a parallel legal system where constitutional protections often don’t apply.

The fundamental truth is that cannabis is not only versatile and medicinal, it gives you back your autonomy in multiple ways. It helps you think for yourself. It allows you to grow your own medicine. It connects you with a plant that humans have used ceremonially, medicinally, and industrially throughout our history. And this autonomy is something authoritarians cannot stand—free individuals who know how to think beyond the narratives they’re fed.

Cannabis doesn’t just get you high—it offers a perspective from which the absurdities of prohibition become glaringly obvious. Perhaps this is why, as state after state legalizes, we’re witnessing the slow but steady unraveling of one of the most enduring authoritarian policies in American history.

So if you count yourself among those who value freedom of thought and bodily autonomy, who believe that nature doesn’t require government permission, and who understand that true liberty includes the right to explore your own consciousness—well, maybe it’s time to toke one up for freedom!

 

LEGALIZING CANNABIS IS NOT ENOUGH, READ ON..

LEAGLIZATION OF CANNABIS

WHY LEGALIZING CANNABIS IS JUST THE BEGINNING…



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Stop Using Bat Poop to Fertilize Your Weed Plants Immediately, Here is Why…

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Don’t Fertilize Your Weed with Bat Poop

 

Fertilization is a critical step for growing healthy marijuana plants.

They help provide essential nutrients for marijuana in various stages of growth, while promoting plant growth. There are dozens of different fertilizers to choose from in the market; growers can choose based on budget, nutrients needed, location, season, and much more. But not all fertilizers are made equally – of course, some are of better quality than others.

That said, there are some rather unusual fertilizers that can be used on plants. These may include, but are not limited to: coffee, milk, grass clippings, banana peels, fish tank water, potato water, and even urine! Yes, it does sound strange, but to gardening enthusiasts, there is nutritional value to be found in each of these things, which can make them suitable fertilizers depending on the circumstances.

For example, grass clippings make excellent mulch and can provide potassium, nitrogen, and phosphorus. Urine is a potent source of nitrogen as well as phosphorus. Banana peels are rich in calcium, which is excellent for promoting root growth while helping supply oxygen to the soil.

But what about bat poop? Also known as guano, bat poop has been said to work as a plant fertilizer because it’s rich in nitrogen, potassium, phosphorus, and other nutrients. Unfortunately, using bat poop as a plant fertilizer can also be dangerous. So if you don’t really know what you are doing, bat poop as a fertilizer can be extremely risky.

Bat Poop Fertilizer Kills 2 NY Men

On December 2024, news of two men hailing from Rochester, New York, dying went viral.

The cause of death was dangerous fungus, in the bat poop that they were using to fertilize their marijuana plants. Both men grew their own marijuana plants for medical consumption, but unfortunately developed histoplasmosis after breathing toxic fungal spores from the guano.

One of the men was aged 59 years old; he bought bat poop online to use as fertilizer for his plants. Meanwhile, the other was a 64-year-old male who found guano in his attic, then decided to use it to fertilize his cannabis plants. They both developed similar symptoms, including chronic coughs, fever, severe weight loss, and respiratory failure. The case was also discussed in the Open Forum Infectious Diseases medical journal.

Is there a safe way to use bat poop as fertilizer? If you ask me, I truly can’t understand why one would use guano as fertilizer when there are so many other proven safe alternatives out there that are simply not as risky. According to the University of Washington, one must always wear a dust mask each time you open a bag containing soil amendments. That’s because a mask will greatly decrease the chances of breathing in fungal spores, which could be potentially dangerous. They also go on to explain that yes, guano is indeed used as fertilizer for its valuable nitrogen content but it still isn’t without its own risks, particularly of developing Histoplasma – the same condition that killed the two men.

Make Your Own Safe Fertilizers At Home

There are many other safe, affordable – and even free – fertilizers you can feed your marijuana plants with. It doesn’t have to cost a fortune nor does it have to be risky to your health.

Check out these easy, low-cost, DIY fertilizers for weed:

 

  • Coffee grounds are abundant in nitrogen, which makes it perfect for the vegetative stage of marijuana plants. They are also a fantastic source of organic materials and green waste, which contain other vital nutrients. When the coffee grounds decompose, they create soil aggregates that improve soil aeration and its water retention capabilities.

 

Mix around 2 grams of coffee ground for every liter of soil. Measuring its pH levels is also helpful, since you want it to be between 6 to 6.5

 

  • Crushed eggshells are a great way to ensure no eggshells go to waste. It’s rich in calcium plus other minerals that are effective in improving overall plant structure, health, and growth. In fact, so many gardeners and farmers commonly use crushed eggshells to help boost plant growth – and it will work just as well for marijuana plants.

 

They’re really easy to use, too! Just mix eggshells into the soil, or steep them into water then pour into the soil for a calcium-packed feed.

 

  • Banana tea or water is rich in potassium and magnesium, making it perfect as a feed during the marijuana plant’s flowering stage. You can use banana peels differently: with 3 to 5 banana peels, soak it in water for 2 days. Then you can use the water on your plants, and even leave the banana peels as compost for your garden.

 

  • Wood ash from your fireplace or other sources is a great source of phosphorus and potassium. Simply sprinkle some wood ash over marijuana during the final flower phase. Just use 1 or 2 grams of ash for every liter of substrate. Be careful not to use too much wood ash, or it can make the soil too alkaline.

 

  • Animal manure, such as those from cows, rabbits, or horses, make excellent organic fertilizers. Just be sure that they’re composed properly so that you avoid introducing weed seeds, or pathogens.

 

These low-cost fertilizers are also natural and effective. There’s no reason for you to turn to bat poop as fertilizer, even if you’re in a bind.


Conclusion

Guano or bat poop is a poor choice of fertilizer if you don’t know what you are doing. It’s risky and potentially dangerous – just not worth it. Instead, fertilize your marijuana plants with these options mentioned.

 

BEST POOP FOR CANNABIS PLANTS, KEEP READING…

BEST POOP FOR CANNABIS PLANTS

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