Episode 39: Walgreens and CBD, Psychedelics and J&J, The Next Uber of Oil Changes, Apple Credit Card, Financial Diversification, and Book Talk

Show Description:

It was a hot week of current events in the areas of business, health, and technology. We discuss the potential impacts of CVS and Walgreens getting into the CBD business. Also, we weigh the possibilities of psychedelics serving as a new treatment for depression, after companies like J&J begin research. On the technology frontier, Apple is getting into the credit card space… and we get into all the details. Slager updates new findings on Senate Bill 162 and Chronic Pain Management, and Tim talks about a new business in Canada that is completely disrupting the oil change market.

Reflecting on a conversation he overheard last week, Slager leads the discussion about controlling your financial avenues and income diversification. In book talk, Tim lists his top 2 takeaways after finishing Napoleon Hill's Outwitting the Devil, and Slager discusses 2 elements from Don't Sweat the Small Stuff.

Show Highlights:

4:00-12:30: Two big retailers (CVS and Walgreens) have stepped into the CBD space. We discuss the announcement and its business impacts, FDA'S regulation of CBD, and the public perception of the change.
12:30-19:30: **Companies like ATAI and Johnson & Johnson are doing research on psychedelics and its possible capabilities of treating health illnesses. We discuss what this could mean and the importance of striking a balance between the recreational effects and the direct problem solving effects of curing depression.
**19:30-28:30: After a successful run with Apple Pay, the tech giant is getting into the credit card game. We get into the features and benefits of this card, safety and security, possible effects on credit score, and users' private information.
28:30-34:00: Following up on last week's conversations on Senate Bill 162 and chronic pain management, we take a look at the insurance plan structure changes when it comes to the number of allowable chiropractic care visits.
34:00-39:30: Could a new company in Canada be the next Uber of oil changes? We discuss this interesting young startup that takes the typical oil change and transforms it to an on-demand service that comes to you.
39:30-46:00: After overhearing an interesting conversation, Slager leads a discussion on relying on one source of pay, and we talk about the importance of having multiple income streams.
46:00-59:00: In the book talk portion of the episode, Tim discusses crucial takeaways from Napoleon Hill's Outwitting the Devil about self-investment. Slager discusses the importance of seeing the innocence in people and spreading love from Don’t Sweat the Small Stuff.

Show Links:

Walgreens and CBD: https://www.delish.com/food-news/a26988129/walgreens-selling-cbd-products/

ATAI, J&J, and Psychedelics: https://www.cnbc.com/2019/03/27/psychedelic-medicine-start-ups-vet-ketamine-psilocybin-for-depression.html

Apple Credit Card: https://techcrunch.com/2019/03/28/how-apple-card-works/

Senate Bill 162: https://indianaeconomicdigest.com/Main.asp?SectionID=31&SubSectionID=91&ArticleID=95215

GoOil: https://www.winnipegfreepress.com/business/the-uber-of-oil-changes-507854312.html