Editors’ Note: This is the transcript version of the podcast. Please note that due to time and audio constraints, transcription may not be perfect. We encourage you to listen to the podcast, embedded below if you need any clarification. We hope you enjoy!

This week we are joined by Nate Lipton  to discuss : 

  • We debate Indica vs Sativa
  • Canna Cribs Viral Sucess 
  • Jungle Boys, and the next growers to know 
  • and so much more 

Growers House is Your #1 Online Hydroponics Store.

Canna Cribs is The MTV Cribs of Cannabis. 

https://www.youtube.com/c/GrowersNetwork

https://growershouse.com/

https://www.instagram.com/cannacribs/?hl=en

At Eighth Revolution (8th Rev) we provide services from capital to cannabinoid and everything in between in the cannabinoid industry.

8th Revolution Cannabinoid Playbook is an Industry-leading report covering the entire cannabis supply chain 

The Dime is a top 50 Cannabis Podcast 

 Contact us directly at [email protected] Bryan Fields: @bryanfields24 Kellan Finney: @Kellan_Finney


[00:00:00]Bryan Fields: What’s up guys. Welcome back to our episode of the dime I’m Brian Fields. And with me as always is ke Finney. And this week we’ve got a very special GA guest, Nate Linton co-founder of Canna cribs, grow house and grow network. Nate, thanks for taking the

[00:00:14]Nate Lipton: time. How you doing today? Doing well, doing well. I’m uh, had my coffee, have my tea now.

[00:00:20] Cause I’m a caffeine freak. I like to have a whole different variance but yeah, feeling good. Thanks for having me on the podcast.

[00:00:26]Bryan Fields: Excited to dive in. Ke how are you doing?

[00:00:28]Kellan Finney: I’m doing well back home finally, after a lot of travel and I’m super excited to talk to, to Nate and big fan of what he does out there.

[00:00:35] Brian, how are you? I’m

[00:00:36]Bryan Fields: doing well. And I appreciate you asking co and not giving us a weather update for what we’re doing.

[00:00:41]Kellan Finney: I’m working on getting better. Nate, for

[00:00:42] the,

[00:00:43]Bryan Fields: the record, Nate, I will ask Nate your location

[00:00:46]Nate Lipton: for the record. For the record I am in, uh, Tucson, Arizona near the Swan and river area for those who know Tucson kind of near the base of the mountains.

[00:00:56] That’s the check off the west west

[00:00:58]Bryan Fields: coast, the west coast. Yes. Another one [00:01:00] for the west coast. So I, I’m excited to kind of dive in Nate for our listeners. Can you give a little background about you and how you kind of got into the cannabis

[00:01:06]Nate Lipton: space? Yeah, for sure. So I’ve been in the cannabis space. Um, since I graduated college in 2010, working, you know, in dispensaries cultivation, um, equipment used for cultivation and, uh, you know, in 2011, um, after working for a few other companies, I started growers house in Tucson, Arizona equipment supply company for like, um, hobbyists and commercial growers.

[00:01:31] And then, um, you know, in the years that followed, we launched, uh, other companies associated and affiliated companies like growers network, um, that’s growers network.org, it’s a forum and a website to learn, um, cultivation knowledge, as well as communicate with other growers. And then we launched the cancri YouTube series, which is kind of like what we call a docu-series.

[00:01:51] We call it edutainment, um, with educational and entertaining, uh, where we do kind of like a walkthrough of commercial growing [00:02:00] operations, uh, that you know, are growing some of the best cannabis in the country. And we try and show how they do it. Like, what are their processes and methodologies? What products are they using?

[00:02:10] Uh, so that we can kind of make it that knowledge a little more democratized and people can learn because like, you know, right now I don’t think people know this, but there’s like over 10,000 commercial, like licensed businesses growing cannabis. So a lot of them are like new, never done this before on a legitimate level.

[00:02:28] Um, some of them are like families who are like, oh yeah, I used to have a convenience store now, screw it. I’m gonna go try my hand at cannabis. And you know, there’s a lot of information that people wanna absorb. And I think we’re providing kind of like what I think of as discovery channels, how it’s made episode.

[00:02:44] But on how to grow cannabis, um, as a profession, as a business, you know,

[00:02:50]Bryan Fields: I’m really glad you shared that. I’m excited to kind of dive into that because I think what your team’s doing there is really not recognized for how much value it’s doing because across the, the series, [00:03:00] it’s just, just jampacked with the information.

[00:03:01] So I wanna stay back when you first got started in the space, did you always think you wanted to be in the cannabis industry? Were there hesitations to kind of dive in, take us back to that origin days when you first wanted to get into the space?

[00:03:12]Nate Lipton: Yeah, you know, I think when I was like in college, I was like, Uh, the best way I can put it is I was very drug friendly.

[00:03:18] Um, maybe is a good way to put it. that’s a good way to put it. and, um, I don’t know those things. I, I didn’t think of it as career though. I just thought of it as like a lifestyle. Right. And, uh, I was like, oh yeah, I’m gonna get into one of those careers that like, everyone tells you about when you’re a 13, you’re a lawyer doctor, you know, or something.

[00:03:37] I was like, you know, I kind of took a lean towards like doing math things and I love spreadsheets and, you know, I love calculations and figuring things out. So I ended up like kind of going the economic slash finance direction and, um, did an internship at Morgan Stanley. And I was like, P bro, I hate this.

[00:03:54] Like, I absolutely hate it. And then I was like, okay. I, uh, obviously don’t like this [00:04:00] kind of like bureaucratic hierarchical structure. I want it to be a lot more free flowing. I probably need to like work in an industry that’s like, not as mature. And, um, maybe I even have to work for myself eventually. So what’s that process gonna look like?

[00:04:13] Obviously I should work for other people and, you know, get kind of bust my chops a little bit. So that’s what I did. And I was like, the cannabis industry is probably the most interesting one because, you know, I think I’ve heard a lot of people tell me whether it was professors or mentors or family members that I respected.

[00:04:30] They’re like, you know, yeah, it’s important. You know, like maybe how much effort you put into things and maybe how lucky you are and how smart you are, all these things. But you know, what really kind of matters too, is making sure that you’re riding a wave that’s cresting. And I was like, cannabis seems like a wave that’s cresting.

[00:04:49] So why don’t I, you know, kind and see what I can do there. And that’s lit literally the rest is history, you know, got into it, never came out of it. And for me, I wake up some days [00:05:00] and I’m like, You know, I do like we even see comments on the can cruises of YouTube, where people are just like, man, I would love to go walk through this facility.

[00:05:09] Like you just did. And then I wake up in the morning. I’m like, dude, like these guys wish they could have just spent, you know, I just spent two days, 12 hours a day running through this facility, filming all this stuff. But at the end of it, I’m like, man, this is really cool. Like, yeah, it was kind of tiring and kind of grueling and maybe, you know, it was more of like making the sausage rather than consuming it, you know, which is a lot tastier.

[00:05:32] But man, there was like, I wake up sometimes and it’s like, I can’t, I almost don’t even know what it would be like to work in another industry. and I don’t think I care to find out too much right now I’m in too deep and I’m staying here. You know, that’s kind of how I feel what the cannabis is. So

[00:05:51]Kellan Finney: when, when you were first walking through these facilities and getting going, what was the biggest thing that kind of, um, shocked you from like a, an old school [00:06:00] kind of closet grow, where you’re just supporting you and your friends versus, uh, a commercial operation that’s licensed, that’s trying to support an entire state’s market.

[00:06:09]Nate Lipton: Yeah. There’s, you know, it’s funny. I, um, I thought about, I was talking to someone, I was trying to give them a metaphor of like old school growers versus new school growers. And, um, the metaphor I came up with, which I kind of liked. And maybe this’ll kind of get to the question a little bit. Maybe it’ll be a little bit deviant, but, um, So old school growers are like, yeah, they, they started in their closet.

[00:06:34] Then they started blowing out the garage. Then they did multiple rooms, you know, then they might take over a whole house and they’re like super crafty DIYs. They’re usually super into like being on forms online or Instagram and like looking up what they can learn from other growers trying to perfect their craft, doing a little bit of their own research and development.

[00:06:55] You know, I would say some growers are a little bit better at doing controlled studies versus [00:07:00] others. , you know, you know, it’s like change one variable, keep everything else the same, grow, see how it turns out. Some are like change 10 variables at once and then pick the one that you like most that, you know, , uh, that’s not the way to go.

[00:07:12] Um, but then you have the other side, which I would say is like, let’s just call it traditional ag. Think in your head, like the guy who has been growing row crops of corn. For three generations or something like that. And the weird thing that’s happening right now is like, we’re seeing this convergence of the two where like you have the old school growers growing in a really big setting and learning some of the commercial ag techniques, but then you have the commercial ag people coming in and you know, saying like, oh yeah, it’s just a plant’s plant.

[00:07:44] You know, I can grow this plant and we’re gonna grow it the same way I always have. And it turns out they both have a lot to learn from each other, but they both came in, not really respecting one another. Okay. But what I’m seeing now [00:08:00] is they are a little more receptive to learning from each other.

[00:08:04] Whereas at first I felt like it was like, you know, them really bashing heads. And it reminded me of like old school days. I’m a big snowboarder. And I didn’t see this as much, but I grew up watching like snowboarding and skiing documentaries. And I remember seeing those old movies, like those eighties, like party, you know, mogul skiing movies, where the snowboarder would go up on the mountain.

[00:08:26] He’s like that new school cat kind of weird. And the skier would be like, dude, get off my hill, you know, and things like that. And it’s like the traditional skiing method. And then they used to like separate the mountains. You have like the skiers and the snowboarders. And that’s kind of like the, do two different styles of growers.

[00:08:43] But now it’s like, they’re starting to play well in the sand together. And like, you go to the mountain and you see the skiers, the snowboarders, they’re all interacting well. And it’s like, you go to a cannabis conference now. And it’s like, the, the lines are becoming very blurry between someone who like is a professional cannabis grower and [00:09:00] someone who.

[00:09:01] Um, well, who has a background? I would say in growing cannabis, in the legacy market versus someone who’s, uh, came from traditional ag and now is growing cannabis. And what they’re doing is they’re realizing like shit cannabis actually is a little bit of a different plant. And there are these like small things that I really have to tweak when you’re coming from the commercial ag side.

[00:09:20] And from the cannabis side, they’re like, man, you know, these commercial ag guys, they have actually learned some processes that are really efficient that we, I don’t know why we haven’t thought of it until now. We really should apply these. Um, so it’s really cool to see. And I think people should, um, you know, not try and have that division of like, am I a legacy go my commercial ag.

[00:09:42] As long as they don’t shit on the other side. Right. Um, just say like, cool. I learned a lot. I have a lot of skills coming with me, but I’m gonna be a lifelong learner. Always try and learn from everything that I can to apply myself to grow the best cannabis possible. I think

[00:09:58]Bryan Fields: that’s so really well said.

[00:09:59] And as the [00:10:00] industry kind of matures, the trust factor is so critical, right? Mm-hmm because what you’re able to do in small scale, when you expand out, you need extra hands and you’re not able to have that same artistic touch because it’s, it’s not as easy to touch all the plants as, as some can do as they kind of scale out.

[00:10:14] So I’m curious to know, from a trust standpoint, Nate cannabis has always kind of been a little more hush, hush and a little under the radar. How are you able to cultivate those relationships with these growers to allow you to kind of come in with a camera and start filming some of these process.

[00:10:28]Nate Lipton: Yeah, it’s when we started can cribs.

[00:10:31] Um, so the first episode we ever filmed was at glass house farms with Graham Ferra and Kelly and Ash, a few other people, um, that were out there that were business partners of his, and we, we got in the first episode because we were just like, Hey, it’s a concept Graham. And we knew Graham from, you know, just doing business and, um, on the equipment side.

[00:10:56] And he was like, yeah, you know, seems like cool [00:11:00] project. That’s the kind of guy that Graham is. He’s like down for anything. He’s like, yeah, come on, bring, bring a bunch of cameras. Yeah. I’ll let you in the facility, we’ll run around. Cool. Did that, you know, um, we were not efficient at all. There was like a 10 person team, which is still around 10 people.

[00:11:15] And then it took us like literally like six to eight months to edit that episode. And then we launched it on YouTube and we had no idea whether it was gonna like do well or not. And. Did pretty well, like picked up a lot of steam, got a lot of views. And we were like, cool. Like people started to take notice.

[00:11:31] People would be like messaging me in the industry and be like, yo, I saw that like thing that you did, that was pretty rad. And we were like, Hey, you know, we like lost our ass financially on this first one, but we might be able to like monetize this thing in a way we can keep it going. You know, we could do it more often.

[00:11:48] And um, I ended up calling another one of our customers, which was, um, fat panned up in Washington, golden pineapple. Yeah. Yeah. So they, you know, they have awesome branding. [00:12:00] Rob is their CEO. Yeah. I walked

[00:12:01]Kellan Finney: around the facility. I spent a lot of time with Rob. I’ve worked with them closely. Nice. Uh, when I was in Washington, I mean, so impressive.

[00:12:07] They’re they, they took, they turned that Pepsi co facility into super, super impressed with their

[00:12:12]Nate Lipton: facility up in SPO. Yeah. It’s and yeah, F Panda great brand, Rob crazy guy. He’s just like fan, you know? Totally. Um, but yeah, we went up and I was like, Hey, can we do this? And he, he has a little bit of a marketing mind.

[00:12:27] I would say, you know, actually not a little bit. He has a lot of a marketing mind and he was like, yeah, this would be great. You know, like I’m trying to build a brand, the, you know, the Washington market’s pretty busy. So we film that episode and we, we, what we do is we, how we monetize the thing. Like, it’s not a secret and I’m not trying to hide this from anyone, but like, Basically, we go to a facility and, you know, we ask them for just like, okay, what’s all the kind of equipment that you’re using.

[00:12:55] Cool. Then we touch base with those, those, uh, equipment providers. And we say like, [00:13:00] Hey, we’re gonna go film an episode here. Um, if you help us fund the episode and pay for production, we’ll, you know, give you a little bit more time on camera. We’d love to like, help get a testimonial from the farm of how they like using your product.

[00:13:12] And that’s how it works. And that’s what helps pay for production. So, um, we did it and then that episode we didn’t lose money. We’re like, holy shit. Okay. We can keep this thing going, you know? And I think now we’re at like episode 40 or something like that. I don’t even know how many episodes we’ve done, but we had to get a second host cuz like I don’t actually have the bandwidth to host all the episodes and we have autumn, um, from col Tevo, she’s a really awesome host and a really great cannabis grower.

[00:13:41] But, uh, you know, my day job is like running this business. You know, we got like 70 plus people, mainly we help equip facilities and consult. So that’s kind of the day job doing the candy Crips thing is more like the, on the weekends, every three months, fly out, film a few episodes, then come back to life [00:14:00] and reality, you know, how

[00:14:02]Bryan Fields: long are the reportings?

[00:14:03] Because you cut up a 45, well put together documentary. So my assumption there has to be a ton of extra footage that has to get sliced down in there. So how long is the total recording and how long does it take from when you let’s say you show up on a Wednesday, do you record three straight days?

[00:14:18]Nate Lipton: How does that work?

[00:14:19] Yeah, so dude, it’s like, I mean, we have so many terabytes of footage. It’s like wild, how much we film. Um, each like each episode can be over a terabyte, um, worth of just like photos and video. So there’s quite a bit, but. You know, we have to plan it with the farm, orchestrate it. They have to be ready. Our team has to be ready, all everyone to fly out converge.

[00:14:41] Um, so it’s like three months planning ahead of time. Sometimes even more in four months before we even get there, then we fly out there. It’s usually, you know, we have a, maybe like a dinner with the, uh, farm the night before just like, Hey, let’s break bread, meet you, meet everyone. Let me hear about your story a [00:15:00] little bit.

[00:15:00] So we can kind of think about what direction the episode will go. And then it’s usually two full days, like 12 hour days of filming. Um, and then we fly out. Um, and then, uh, it probably takes another 30 days to edit the episode ish. Now it used to take a lot longer, but we’ve gotten a little bit of a process.

[00:15:21] And then, uh, yeah, you’ll see it go live.

[00:15:24]Bryan Fields: I mean, I saw one of your episodes with jungle bloods and I was just fascinated with the type of questions you’re asking about like how many people have been in this room and he looked at you and he was like, maybe five, including you. And it’s just like, I know.

[00:15:35] Yeah. Wild to think that they like opened up their doors to allow you to come in and ask the type of questions you did, which were exceptional because. I mean, you can’t find that information elsewhere on the internet. So was that experience different than the others? I mean, that had to have blown you away when he only said five people.

[00:15:50]Nate Lipton: Yeah, it is. And it’s, you know, the, both of the jungle boys facility and a few other facilities they’ve said like, yeah, you’re the first crew that we’ve ever allowed in here. [00:16:00] And we try and, you know, respect that quite a bit. Cause when you go into a cannabis operation, look, there’s a risk of letting a camera crew in because you know, what you’re scared of is will these people mess up, you know, our workflow or our processes or even worst case, are they not gonna respect our SOPs of cleanliness and bring something in that could damage our crop?

[00:16:22] And you know, we never, um, want that to happen. Um, because it would, you know, really tarnish our reputation. I mean, it’d be bad for the farm. It would be a lose, lose, lose, you know, like no one would be happy. So our crew. You know, uh, the people on the crew they’re a lot of ’em are cannabis growers themselves.

[00:16:41] We are very, very adamant that when we go in, you know, we’re like twice as clean as everyone else in the facility, you know, we’ve even people don’t see this, but we have like ISO isoprol alcohol, like our equipment, you know, before going in and, you know, wear lab coats. And we just try [00:17:00] and make sure that we’re really, um, kind of responsible and respectful of the facility when we go into it.

[00:17:05] But it is cool that they let us in and do that. And, you know, as some farms have said is, uh, which we didn’t intend, but it makes a lot of sense. They’re like, you know, we have to give tours all the time, whether it’s investors or you gotta bring a bank through, or I don’t know, you have to, there’s all these people that want to come through.

[00:17:20] And they’re like, after we filmed an episode, we don’t let them come through. We just send them the episode. And so by letting us come in once with 10 people, for two days, they can prevent like hundreds of people touring me up, touring their facility. And I was like, oh shit, that’s right. So now I tell farms that, and then they’re like, oh yeah, that does make sense.

[00:17:40] Yeah. Come on down. you know, so there’s these little like unintended consequences or cool outcomes that have come from it. Um, obviously just making friends and networking in the industry and learning some of the best practices, seeing what people are up to. I mean, that’s, that’s rad. So yeah, I think, I

[00:17:58]Bryan Fields: think it’s massive for [00:18:00] the industry.

[00:18:00] I think it’s great for consumers who can get to see behind the scenes look, and for some of those operators who maybe used to not be comfortable being on camera, that’s a big step forward for them to be associate. Right. You’re asking someone how long they’ve worked for some of these companies and 10, 15, 20 years.

[00:18:14] That’s a, that’s a substantial career in a space that for a while, wasn’t so comfortable with being on camera, published on social media.

[00:18:23]Nate Lipton: Yeah, exactly. And, uh, it’s cool hearing their stories too. Like almost everyone we go to it’s like. You, you know, you’re talking to, uh, companies that are doing seven, eight, even nine figures in business.

[00:18:35] And the guy was like, oh yeah, I was started dealing when I was 13. And then I started blowing out houses and, uh, yeah, next thing you know, went legal and I started to get legit and you’re like, cool. You know, like, those are, those are rad stories to hear RA than the guy who’s like, yeah, I own, uh, 37 other companies.

[00:18:53] And I, uh, allocated some, uh, equity over here and I acquired my 38th and yeah, I hope the macroeconomic [00:19:00] environment really supports it. You know? ,

[00:19:03]Bryan Fields: I feel like that’s a new Yorker you had in mind from like a big

[00:19:06]Nate Lipton: suited person when you were given that canvas statement.

[00:19:09]Kellan Finney: So which one of your guests,

[00:19:11]Bryan Fields: or which one of the facilities on can cribs, did you think one thing going in, but absolutely shocked you when you were leaving.

[00:19:17] You’re like, wow. I, I completely MIS misrepresent or MIS thought about that, that guess prior to going in.

[00:19:24]Nate Lipton: Um, wow dude. So many of them I met, what, what I might do is speak to some of the most recent ones we just filmed. Perfect. Um, I just got back from filming can antibiotics in Los Angeles and then Glasshouse brands, um, in which is like carpenter slash Santa Barbara area.

[00:19:45] And for those of you who don’t know the Glasshouse brands, they were also our first episode ever. So us going back and filming them now, um, they’re the first episode we’ve ever filmed where it’s like a follow up. Like five years later [00:20:00] and it’s like, cool. They had like a 150 or 300,000 square feet. Their facility now is insane.

[00:20:06] Yeah. Since then, like, you know, this like 5.5 million square foot tomato greenhouse became available on the market. And he was like, grandma’s like, and Kelly were like, yeah, well, we can’t afford it, but I guess if we go public, we could raise enough money and buy it, you know? And that’s what they did. Like, that’s the kind of craziness these guys are.

[00:20:26] But the cool thing is Graham is also like one of those guys that I told you who was like, grew up in Santa Barbara, surfing guy, you know, growing in like property that he shouldn’t have thinking, well, maybe it’s some water that you shouldn’t have or something like that. And now he’s running like one of the biggest cannabis companies in the us and.

[00:20:45] I think there are a lot of people who like, look at that and they’re like, oh, public cannabis company, dude, you know, screw that. That’s against like the ethos of what’s happening. And I think to myself, I’m like, cool, well, you can either have like Philip Morris running that facility, or you could have someone like Graham, [00:21:00] so pick your poison and I’d way rather have someone like Graham, like that guy is cool as shit.

[00:21:05] Like, um, so, you know, as, as things happen in the industry, you can’t please, everyone, you know, there’s gonna be a lot of haters. I would just say think twice before, you know, you just immediately blurt out that like people doing cannabis on a large scale is a bad thing. A hundred percent of the time. It can be bad thing.

[00:21:24] Not gonna say it’s not, but not a hundred percent of the time. So let me, oh yeah, sorry. I was circling around. I’m gonna answer part of that question though. Really fast. Cause I realize, dude, I just start speaking and I just go off, right? Like I go into first gear? I’m like in six, you know? Uh, but on the antibiotic side, what I didn’t know is that they have like the number one selling flower strain in all of California called cereal milk.

[00:21:51] I believe it was. And I was like, dude, these guys came outta nowhere and they do all their own research and development at their facility. Um, cross breeding, strains, [00:22:00] pollination, like pheno typing tissue culture. Tons of cool shit. I had no idea about that going into it. I think those guys are create, like I was speaking to the owner and he was.

[00:22:10] I was like, you ever sell like your genetics? And he is like, no, I’ve had people out for me, like 50 gram for like one clone before. And he is, turned it down. I was like, damn mad respect, you know? And then when it, you know, it came to Glasshouse brands and, and gram for, and things like that. I guess one of the weird things is like, I heard that.

[00:22:28] Um, yeah, I’m trying to think about it probably. Well, let’s think of the antibiotics one when it comes to the Glasshouse one, I kind of knew what I was jumping into. Cause I’ve known Graham for some, some time and I knew he what he was up to. So that one, I think I understood what was going on. But if I think of some other cool ones throughout this episode, I’ll interject and stuff.

[00:22:50] So you, I mean, you went to Glasshouse

[00:22:52]Kellan Finney: five years ago and now you, you went back for a follow up episode. Was there any. Has there been any like specific technology, especially cuz you’re on the [00:23:00] supply side as well. Is there any specific technology now that like Glasshouse integrated into their, um, operation that wasn’t there five years ago that’s been kind of a game changer for them?

[00:23:12] Um, or is it just kind of getting more commercial ag stuff in

[00:23:15]Nate Lipton: these facilities? Yeah, I would say, um, yeah, there are things that have changed over the last five years. And the weird thing about cannabis is like the, the, uh, technological innovation for cultivating on the cannabis side is just, it’s crazy.

[00:23:32] It’s going at such a fast rate. It’s so much faster than like any other. Agricultural sector. Like there’s not enough money in lettuce for someone to invest, you know, half a billion dollars into R and D . Right. It’s just, we peaked, we peaked on the lettuce train , but uh, you know, there’s so much cool stuff like it it’s just that that crop is so valuable.

[00:23:57] People will spend money to optimize it, right. [00:24:00] Once the price per pound of cannabis is a hundred dollars, there’s probably gonna be less innovation. But until then, um, you know, a lot of people will be funneling their, um, we’ll call it their, you know, profits into R and D and optimization. One of the biggest ones is definitely LEDs.

[00:24:17] Five years ago, everyone was shitting on LEDs. They’re like, it is, are crap. You know, never use L E D and now it’s like, you’re not, you know, you, you you’re basically, if you’re not using LEDs, it’s probably cuz of a cash constraint, um, cash flow purposes. But other than that, every it’s like almost, um, unilaterally understood that it’s just like, yeah, you use LEDs for production.

[00:24:40] They’re gonna be more efficient, give you a better product. So Glasshouse is using LEDs, um, where they really weren’t before it was more of just growing with the sun. Um, and maybe some HPS or IDs. Um, I will also say like, You know, there’s people have gotten a lot better on [00:25:00] the cannabis side of using less pesticides and herbicides and insecticides and trying to optimize basically like root zone health, use beneficial insects.

[00:25:12] Some of the things that more of that I think is adopted from the commercial ag side. Whereas back in the day with cannabis, they were just like, see a bug nuke, the room, you know,

[00:25:23]Kellan Finney: everything in Eagle 20. Yeah. Every, every clone

[00:25:26]Nate Lipton: gets dipped. having forbid, you know, everything like that. And it’s like, no, we’re testing stuff now.

[00:25:32] Like let’s find a more elegant and healthy way to treat the plants. So, you know, that’s a. A big shift. And then I would say controls like now these days, like if you don’t have a controller that like pings you with a text message and email, when like any parameters out of whack, then you’re doing it wrong.

[00:25:50] Like you’re living in the stone age. So those are some of the things that I’m seeing. But, um, other than that, I mean like, yeah, still grown in cocoa, still using, you know, [00:26:00] uh, what I would call elemental salts and nutrient side and yeah. Still, still growing plants.

[00:26:06]Bryan Fields: Do you think they’re leaning on technology for, because of margin compression to optimize?

[00:26:11] Is it a, is it a mixture of both perspectives? Like what do you think is leading bigger brands to make the move for advancements in

[00:26:17]Nate Lipton: technology and automation? Yeah, I think it’s always a question of return on investment. So, you know, someone comes to you and says like, look, man, you spend a hundred bucks and you’re gonna get 300 back by implementing this in your facility.

[00:26:30] Most people are gonna say yes. So, um, They’re getting 300 back because, and you know, it’s a direct function of the price of cannabis though. Price of cannabis drops. Now that three to one ROI could go to two to one, or if it’s a one to one. Now shit, we’re not spending money, we’re not investing in research, you know, those types of things, but, um, yeah, all turns out to be more ROI based, which is, uh, kind [00:27:00] of interesting.

[00:27:00] Yeah. I mean, we’re, we’re doing a lot of studies with that. Um, like I said, we have a consulting group, can groups consulting. We have, you know, an awesome team, two PhDs along with a few other guys that are wicked smart, you know, director of science, Aurora, um, first, um, first PhD in cannabis cultivation, north America, Darren on our team.

[00:27:21] Awesome. Dude, they’ve run a whole bunch of like side by side testing Canada. They actually. Have a, uh, Canadian government licensed cannabis research facility, which you can’t even have in the us where, you know, the Canadian government gives these different licenses out. Some are like production licenses, like Aurora and canopy have, and all that, the research ones you can grow cannabis, send it to testing labs, do a whole bunch of side by sides, write academic papers on it.

[00:27:49] But then at the end you have to take the cannabis and destroy it. So you can’t sell it. Um, so we have one of those up there and, um, yeah, we’re testing like nutrients doing [00:28:00] side by sides. There’s just one that we tested the flavor, nutrient additive, where like increased the yield by 14% versus the control, um, in a statistically significant, you know, well done white paper that we’re publishing online, uh, here on the Ventana plant science website.

[00:28:20] And so that’s a good product. They’re also running tests for a lot of other nutrient companies who are just like there’s nutrient companies who come out and they’re like, Cool. We, um, work in, you know, maybe a different like ornamental flowers, but they have something that works really well for flowers.

[00:28:35] They’ll send it to these guys who will do a side by side on cannabis and then give them the results. And if it does have like, you know, uh, let’s just call it desired effects on the cannabis plant, then maybe that nutrient company will then bring a product into the cannabis industry. So our team does those kind of side by side tests for companies.

[00:28:56] And it’s cool. Cause we clean information on what’s working what [00:29:00] isn’t, but look, there’s a lot of stuff they test that literally like doesn’t do anything. You know, they tell me the majority of stuff they test just like actually is just like marketing hype doesn’t really do anything. So the cool thing is we can take some of this knowledge and obviously their academic knowledge, everything they’ve done and we can implement it on the consulting side so that we make like our customers have what we think is all the best, um, knowledge available on growing cannabis.

[00:29:24] You know, do you guys, uh,

[00:29:26]Kellan Finney: screen some of those ornamental nutrients as well for like other ingredients? Because I know within the ornamental market, they’re not required to disclose, um, all the other ingredients besides the active ingredients. So is that kind of some of the services that you provide? Um, the cultivators up there as well?

[00:29:43] Um, I, I just know from experience that like some PIRE can get in that aren’t the major product and then you get a, a random fail if you’re in California for that kind of stuff. So are those, uh, kinda like safety measures and those kind of, um, research projects that you guys conduct as well up in Canada?[00:30:00]

[00:30:00]Nate Lipton: You know, that’s interesting. You brought that up. I, um, all the studies that are done on the nutrients are really efficacy trials. Yep. Um, rather than us operating more, like, let’s say, I’ll call it the California department of, you know, um, what is it? Co department CD F a of farm and agriculture. I think it is.

[00:30:18] Yeah. That’s exactly what it’s. Yeah. Um, where they would be like, cool. You wanna sell your product in this state? Give us your MSDS. And then, you know, they might have the product tested themselves before they green light it to be used. But no, we don’t do something like what the California department, um, the pharma culture.

[00:30:35] But I think we could, I just don’t think anyone’s asked us for, they’re just looking usually for more efficacy trials. Yeah. That makes sense. That makes sense. Yeah.

[00:30:42]Bryan Fields: See if it works, can you expand on the differences of the two for those who might be unfamiliar with the differences in the.

[00:30:48]Nate Lipton: Yeah. The differences between like testing for efficacy versus testing for like, whether there’s something harmful on the nutrient that shouldn’t be like used on something that’s ingested.

[00:30:58] Yeah. Yeah. So like [00:31:00] really, you know, the efficacy trials, usually they’re focused on three things, so they’re focused on. Does it increase yield, or does it increase quality, which is measured usually by cannabinoids or terpenes or, you know, things of that nature. And then, um, you know, on the other side, you know, let’s say it’s a nutrient, you’re just trying to figure out if it’s safe, you’re really looking for, you know, um, yeah.

[00:31:23] Are there any heavy metals, you know, in the nutrient, are there any things that are on a list of things that are in concentrations where they would not be healthy? If someone ingested either by eating a product or smoking a product that it was grown with. Um, and even going back to those pesticides, like Abid and forbid that we were chatting about earlier, like Eagle 20, like those are for ornamentals.

[00:31:44] Those are not for crops that you’re meant to like eat or smoke. Like , they’re not fat stuff. So like they work well, though. They, they do work extremely well likes. Yeah. But you know, it’ll kill you if you eat it too. [00:32:00] So like, there it is. There’s the, there’s the big butt. Yeah. There’s the big butt. So don’t use that stuff.

[00:32:07] But the good thing is most states right now they do testing prior to products going on market. Yeah. So like, if it someone’s using that stuff in your cannabis, in like any legal state, you’re not buying like black market weed, you can be pretty rest assured that it doesn’t have that stuff in. It agreed.

[00:32:22] Um, but it’d be good as a grower to like, you know, not obviously use a product, go through a whole harvest, send it to a lap, find out it failed, then you just lose probably millions of dollars. So, um, yeah. I, I think any product that would be used that way would. you know, uh, have a pretty bad reputation pretty quickly.

[00:32:42] Yeah, I agree. Yeah. Yep. Nate, what is

[00:32:45]Bryan Fields: one factor statistic about growing cannabis that would shock 90% of the cannabis industry?

[00:32:55]Nate Lipton: Oh, shit.[00:33:00]

[00:33:01] That,

[00:33:04] you know, I don’t know if this would shock them, but I mean, here’s two things that maybe this is more market dynamic based, but you know, I think the cost of production for cannabis, like it’s gonna be commoditized and it’s gonna be like a hundred bucks a pound in like probably 10 years, something like that.

[00:33:29] Like it’s, it’s gonna be a commodity, just like any other thing that you. Grow, you know, just like you’re thinking about grain or strawberries, people buying futures on cannabis and you know, things like that. Um, and you know, another thing that I think in the market, like I don’t see in the next 10 years, there’s gonna be any interstate commerce of cannabis.

[00:33:47] Even if it goes federally legal, none, you don’t see any, I, I don’t think that’s gonna happen. I think there might be like three states that would allow exportation, um, maybe importation, but the other like [00:34:00] 47 states will be like, nah, we’re not allowing that because they’ve already built cannabis commissions who regulate the industry within their state.

[00:34:09] and they get a lot of tax revenue and jobs from it. And as soon as you allow things to cross state borders, um, at least in a wholesale way, I don’t mean like, oh yeah, you buy a joint in Cali and you drive to Arizona. And it’s like, all of a sudden, you know, you have the DEA rating or something. But what I mean is like, I don’t think there’s gonna be like a dispensary in Cali who wholesales a hundred pounds to a dispensary in Arizona.

[00:34:35] That for example, is what I don’t think is gonna happen because, you know, Cali would have a pretty big advantage on growing cannabis over Arizona and Arizona would see their cannabis market dry up pretty quickly, which would be a big hit to their tax revenue. So every rapid Senator who wants to protect, you know, their budget would vote against.

[00:34:56]Bryan Fields: What about states like New York that maybe don’t have optimal growing [00:35:00] conditions that have a big appetite for cannabis. What do you think will happen there from, let’s say a price standpoint. If California can grow it at a really low level, New York is, is, I

[00:35:08]Nate Lipton: mean, nobody wants to, yeah, it’ll be a little bit more in New York and you know, it’ll take a little bit more to grow.

[00:35:13] You’ll have to grow in greenhouses, um, to grow year round versus some other places where you can, so price will be a little bit higher and you’ll employ more people.

[00:35:22]Bryan Fields: Yeah. Good old money. Right. Influences a

[00:35:24]Nate Lipton: lot of decisions. It does. Yeah. But, um, maybe going down to like, I’m trying to think most of the stuff, like I don’t, when it actually comes to like the biology of the plant and growing cannabis.

[00:35:38] I would say this actually. So two things that I think one THC and any cannabinoid testing is pretty imperfect. So like, if you’re like buying something that’s 25%, like you could test parts of that same plant that would register like probably 30% and some that would register like 18%. Yeah. [00:36:00] And, you know, I don’t think people understand the variability of THC testing.

[00:36:04] And, uh, also when you do blind smoking, when you basically remove the THC, you just have people smoke. It usually the intensity, the high does not correlate with the percentage of THC actually on the bud Uh, so I think, you know, people need something to like figure out what the quality is. And like THC is kinda like the only objective indicator out there.

[00:36:26] So people gotta use it. So like, I don’t blame people for using it, but I would say. don’t think that it’s like, you know, the G you know, the, the north star that’s gonna guide you , you know, to where you want to go necessarily. So relax a little bit on that. Say just smoke something, see how it works with your body, you know, try to remember that strain, if it does.

[00:36:45] What’s your

[00:36:45]Bryan Fields: thoughts on the indica versus sativa conversation that’s currently happening? Is that good for the industry? Is that bad for the industry? Is it good for consumers? What do you feel about

[00:36:54]Nate Lipton: that? You know, I think humans naturally just love to categorize and organize things. [00:37:00] It’s just so much, yeah.

[00:37:03] So much cleaner for your head. I love to organize things and categorize ’em put ’em in buckets, but yeah, it seems like those buckets are a little bit more artificial, um, right now than maybe useful, um, is what I would say. So it just comes back to like, your mileage may vary, you know, like. It’s even funny, like people, you know, I have a fiance.

[00:37:25] Right. And when I was growing up, I could be like, yeah, you know, and this is not true, but just hypothetically I’m into blondes. And then you like meet a brunette and she’s awesome. You’re like, oh, well, shit, guess I’m into brunettes. You know, like you like women.

[00:37:41]Bryan Fields: Right? Right. Like, yeah. You

[00:37:43]Nate Lipton: like women. That is the category.

[00:37:44] Yeah. But it’s like, so, you know, you like weed, you like smoke this blue dream. That was like 30%. You’re like, you know, I’m gonna love that shit, you know? And then you smoke it and it’s high, but then you smoke this granddaddy purp. I was like 14%. You’re like, shit, dude. I love granddaddy purpose 14%. And I really [00:38:00] thought I was gonna love this banger over here, but that’s not the case.

[00:38:03] You know, it’s like, you kind of have to just like experience it. And since everybody’s biology is so different, it’s like, man, just take those categories, throw ’em out the window and realize we don’t fucking know anything, you know? Yeah. Yeah. I agree. What is your favorite strain? Ooh, dream Walker. So that’s the best one that I just had the most pleasant and it’s, it’s like so hard to find these days are so many strains.

[00:38:29] It’s like, if you smoke something once, like even just finding it again could be a mission, you know? Yeah. Um, but I had this in Cali, like yeah, probably brown five years ago. And it was just like, literally I smacked it. And I just like, felt like I was like meditating for like three hours, you know? Like, but that, that, like, if you meditate in that like part where you get where you’re like, okay, I’m in it, you know, like I’m in the zone right now.

[00:38:52] Like I just felt like that for like three hours. And I was like, this is dope, you know? So I like that one, but I also more of like, , [00:39:00] you know, I’m more of like a nighttime smoker. Uh, so I’m more smoke, you know, kind of like when the seven to 8:00 PM kind of rolls around and that’s usually when I do it, I’m usually not too good at being like productive and smoking or like daytime going out with the friends and smoking as much.

[00:39:16] Yeah. I mean, I go out, but I just don’t talk,

[00:39:17]Kellan Finney: you know?

[00:39:18]Nate Lipton: Yeah. No, and I, obviously you can tell, I talk a fair amount when I smoke. I kind of slow down a little bit. People what’s wrong with you. Yeah. You know, people who know me, I’m like, dude, just super high in the corner. Like smile. Like I’m totally fine. You go get some food food too.

[00:39:37] So who ISN’

[00:39:38]Bryan Fields: under the radar grower brand or strain that you think will explode over the next

[00:39:42]Nate Lipton: two? Hmm, dude grower my man miles. Sadowski I gotta give that guy a shout out. I love that guy to death. He’s uh, a grower out here in Tucson. Arizona grows for Earth’s healing. [00:40:00] Um, I don’t know. His Instagram handle is like miles for grow or something.

[00:40:05] I’m gonna give him a good shout out. I’ll find him while we’re chatting. But that guy literally, you know, he started legacy dude, like, you know, blown out shit. Next thing, you know, get thrown into the fire, you know, just like running a small facility out here in Arizona. Self-taught like everything wicked smart.

[00:40:23] Um, and now he just built out like 140,000 square foot, like, uh, greenhouse on top of the indoor they’re growing out here and he just like everything he reads, he just absorbs and you just have a conversation with him. He is so casual. He’s like my age. We both DJ and like hang out together, um, just casually.

[00:40:42] But that guy is like, he’s a, he’s one of those guys that like, is so humble and then you have a conversation with him and he just like, blows your mind you. Right. Um, so I love miles. I think he should, he he’ll be doing big things in the future. He just had two kids though. So he was probably pretty busy.

[00:40:59][00:41:00] Um, and then cannabis brand that I think is gonna blow up who who’s doing something well, you know, this isn’t a brand in particular, but this is more of a trend I’m gonna put out there. And some brands are jumping on this trend, but, uh, like for example, have you guys ever tried any of like the, uh, kind of water soluble, nano emulsified edibles?

[00:41:24] Yes. Yeah. I,

[00:41:27]Bryan Fields: so many of them at this point now, I don’t, I know maybe like I just wanna pop em in as soon as I get them.

[00:41:33]Nate Lipton: So those are becoming more and more popular and. What I do see in the future. I think, you know, if I were to like guess is like, I’ve seen some sodas come out where they’re like trying to be like the alternative to white claw where it’s like, you know, it comes on in 15 minutes and it’s done in like an hour or an hour and a half.

[00:41:51] So it’s like, you can take an edible and you’re not high for like eight hours, you know? And like they have those on the edible side. I think they’re gonna have them in like nasal [00:42:00] sprays. They’ll have ’em in drinks and it’s gonna change the game on edibles and edibles are so much more discreet than smoking that I think that is gonna be a huge trend.

[00:42:10] And I see some brands jumping on getting those products kind of first to market in some states. How, how would you

[00:42:16]Bryan Fields: know that those are, that, are they labeled on the, on the product or are they just described

[00:42:20]Nate Lipton: a different way? Yeah, they usually are labeled that way. Yeah. But if you like go into, if you’re like in a recreational or medical market and you walk in the dispensary or you just call them, be like, Hey, do you have any like fast acting or nano emulsified product?

[00:42:33] They’ll tell you, or if they have no idea what you’re talking about, they probably don’t. So probably I know like, yeah, like usually it says like nano emulsified or fast acting or something like that. Like I think one gummies. Yeah. W quick, I think they called them. Yeah. Yeah. So they came out with some, um, planet 13 had their high, high drink.

[00:42:52] That was kinda like the Whitelaw type thing. Yeah. Can the, yeah, so there’s, you know, there’s a company called [00:43:00] source O R S E. That makes that product. It’s like the, the input that a lot of people would be licensing to put in that stuff. So if you’re a canvas brand, you wanna do it hit up source, shout out, Joe.

[00:43:11] I do not get paid for this. I don’t even know who runs the company. Like , we’re gonna, we’re gonna send

[00:43:15]Bryan Fields: Joe at source an invoice after this

[00:43:16]Nate Lipton: first. Yeah. Got a love, Joe. Cool. Cool. Sounds good. Yeah. Give me five bucks too, for a drink, right?

[00:43:26]Bryan Fields: what is one takeaway you found through your experience that most growers, our facilities are overlook.

[00:43:35]Nate Lipton: Well that are overlooking. Hmm. I think there’s a, in California, not so much, but I think in a lot of other states, they’re not doing testing in their plans for certain viruses, um, hop late and Throid is probably the most well known and popular one. And, um, What happens when you have plants and plants can have [00:44:00] like varying degrees of H L V.

[00:44:03] Uh, so it’s not like, you know, it’s not binary. It’s not like you have it, or you don’t, it’s like your plant can be kind of infected medium infected or super infected. But what can happen is if this is barely infected, you’re just like, man, you know, my yields are going down a little bit and my testing results on the cannabinoid side are going down.

[00:44:22] And like, that’s one of the indicators that you could have HIV along with a few other. Kind of morphological things in the plant, but I think there’s a lot more people who are growing, who have HLV in their gardens, who don’t know they have it and are having like issues where like, you know, their yield is just slowly going down over time and they’re like, oh, I gotta switch my moms out.

[00:44:44] Oh, I gotta switch the lighting. You gotta switch the nutrients, my light, you know, there’s some weird happening and it’s just like, HLV you gotta get your plants tested, take some plant tissue, get it tested to figure out if you have it. And you know, the problem is that like the good thing is plants don’t really [00:45:00] pass it from like, just hanging out in the same room.

[00:45:03] It’s kind of like aids. You have to like pass it via like, you know, uh, tissue or like blood, things like that. But usually how people get it is like, um, cutting clones. You’ll cut one from one mother and it’s on your blade. And then you cut another one from another mother, and now you just transferred it to that club from one mother to another.

[00:45:22] Okay. Um, they even found out that it can transfer like through seeds, so you can have a seed that has HLV right out of the gate. So you should still be testing things like that. But, um, that’s one thing you should definitely watch out for. I’d say

[00:45:37]Bryan Fields: that’s a good one. Mm-hmm , since you’ve been in the Canna industry, what has been the biggest misconception?

[00:45:45]Nate Lipton: Mm. Maybe that everyone’s just killing it, like rolling in money every night. Like , you know, I think a lot of people assume that I think it was like a study that came out that was like, you know, two thirds of like cannabis [00:46:00] businesses that have within the last five years are still not profitable. Yeah. Um, yeah.

[00:46:05] And you know, just because it’s got the allure, like this black market appeal where you’re just like, you know, PABs of our. Your money. It’s like, it’s not like that. It’s just another business. And honestly, there’s not a lot of great guidelines on how to run the business. Well, that’s why there are a lot of consulting groups, uh, like ours are trying to take some best practices and apply them to different people.

[00:46:26] Um, help them out, become successful faster, like learn from other people’s mistakes, not your own. Um, but yeah, man, it’s, uh, it’s a new industry. People are still trying to pave the way I would say the road to success right now is still like, uh, a muddy trench. Yeah. It’s not like a well paved road, you know?

[00:46:45] So, uh, that’s a big one, you know, mm-hmm , before

[00:46:50]Bryan Fields: we do predictions, we ask all of our guests, if you could sum up your experience in a main takeaway or lesson learned to pass onto the next generation, what would it be?[00:47:00]

[00:47:03]Nate Lipton: Um,

[00:47:08] yeah, I would say. It probably has to do a little bit with just a little bit of putting yourself outside of your comfort zone and just trying to start, start at the bottom if you really want to be somewhere, but make it known that you want to learn and you want to grow. Don’t assume that other people are gonna know that and that they’re just gonna like throw you on the back of their coattails and take you with them.

[00:47:38] Like, say like look down and put in the work, but I want to be constantly progressing and getting better. And I’m willing to put myself outside of my comfort zone to do that. And look for, you know, I think the most learning I’ve done in this industry, or just in my professional life have been the days that have been really hard and really shitty.[00:48:00]

[00:48:00] Um, those are definitely the ones that provided the most growth for me. The days that go really well are nice to have, but if you just have those days, you’re gonna have a full sense that you’re actually good at something. Um, cuz you’re probably not you’re just like misattributing the fact that everything is going well to it being something that you brought about.

[00:48:24] I mean, humans just fucking, I’m telling you, man, I don’t even know if I can swear here, but I’ll just yeah, yeah. Just I’ll start it over. Cause humans, you know, um, have a natural inclination to just, uh, have, uh, good days and bad days and just find your own way to weather the bad days because um, then the good ones will come and.

[00:48:51] You’re gonna be a stronger person for it. Probably something related to that. That’s really well said. Thanks.

[00:48:57]Bryan Fields: All right. Prediction time, Nate. Okay. It’s [00:49:00] 2028. When you walk into dispensary to buy flour, what characteristics will help consumers select the product of their choice?

[00:49:10]Nate Lipton: Hmm. Interesting. I like this question, man.

[00:49:14] This is good. You guys have found some good questions. Hmm. Okay. Um, I think what would be really cool is to figure out some type of like cannabis, genetics, you know, if we can really attribute them to like where in. The world. We think that we first had a record of that product being grown. It’d be really cool to like look at the genetic material.

[00:49:46] Like I’m assuming genetic testing is gonna become way cheaper six years from now, but, um, you know, you’d be able to tell like, oh man, this is like, from the middle east, this is some like Afghani stuff. And, [00:50:00] you know, maybe there’s we come up with a better way to like isolate more cannabinoids and the artificial intelligence ends up figuring out the interaction of some of these cannabinoids terpenes a little bit better.

[00:50:11] And, you know, by figuring out those interactions are, maybe it’s funny, we might come up with new buckets to put things in, you know, and I almost think of it like the Myers Briggs test, you know, there’s like I N TJ and all of those kind of things. There’s all these like 16 buckets that. You know, you can put things in like with cannabis.

[00:50:32] I think you, we might end up coming up with our own buckets that we make based off of kind of, uh, AI figuring out what the actually, so let me see, you have a background in biology, so let’s see. How would someone, what would we call that? The interplay between multiple variables, polyp pharma. Okay.

[00:50:57]Kellan Finney: Yes.

[00:50:57] Right. So currently it’s only single [00:51:00] APIs is how the pharmaceutical industry treats diseases. Mm-hmm and that’s why like Marinol and syntax, which is just THC molecule. That’s why they never really took off with like chemotherapy as a treatment because there’s that missing variable besides just THC. So like, if you ever eat Marinol, you feel really weird.

[00:51:16] If you eat in edible that you just distillate, it’s not the same as smoking flour at all, which is why wild gummies have just exploded across the entire nation is because they’re capturing the full spectrum. So they’re including all of these other. Um, final chemicals are in the plant into their gummies.

[00:51:33] Right, exactly. Um, so that’s exactly

[00:51:35]Nate Lipton: it. Yeah. And so it’d be cool if we could like find these like categorizations of buckets that we find like certain interactions work certain ways, and these are buckets that we like. Don’t even know what they are right now. Yeah, totally. Let’s and then we put ’em in there.

[00:51:47] That’s what I think the future might look like. No,

[00:51:51]Kellan Finney: and I think you’re completely right. And there’s an organization called the C E S C the clinical endo cannabinoids, uh, science consortium. And what they’re [00:52:00] doing is going through and trying to tie specific terpenes and cannabinoids, right? So like type one type two type three type one being THC, heavy type two being THC and CBD, then type three, just being CBD dominant.

[00:52:13] They’re trying to tie those three types with specific terpenes, to like a cause and effect situation. Mm-hmm um, and they’re on the brink of publishing all this data. So I don’t really want to kind of like do a spoiler alert and take their thunder from, um, but there’s come up with some really, really.

[00:52:29] Astounding, um, results and some really, really cool correlations. Um, they ran a massive dosing project is what it’s called out in California, where they had all of these consumers it’s called, um, um, an objective study. It’s not a clinical trial, right. Because everyone is willingly participating in willingly giving the information.

[00:52:48] Right. Uh, and so they took all this data from the dosing analysis as like, Hey, I tried this strain and they know that this strain has these terpenes and. Cannabinoids. And then they tried to do like a cause and effect situation, and they took these [00:53:00] massive data sets for the whole entire like California consumer market.

[00:53:03] And then they tried to correlate it to like cause and effect and they came up with some really cool correlations. Yeah. But I think they’re kind of in the last stages of publishing that information. So I don’t want to kind of like, uh, disclose anything that is about to be published by them. So, but they’re, they’re really working on it and you literally hit the nail right on the head.

[00:53:22] And I believe that that’s exactly how consumers will make those decisions in six years. And I think that the indica sativa hybrid thing is great, but I think that what this will do is kind of come in on the backside. And provide that robust scientific foundation. Cause right now it’s just really tough to know.

[00:53:41] Okay. Yeah. Blue dream should be an indica, but was that blue dream

[00:53:46]Nate Lipton: lineage?

[00:53:48]Kellan Finney: Perfect. Right. Is it the true lineage that everyone says or was one grower somewhere in the middle there being like, you know, a blue dream crushing it this year, I’m just gonna call this blue dream. No, one’s gonna know. Right. Yeah.

[00:53:58] And so there, it’s like tough [00:54:00] to say if that’s truly like a, a concrete foundation within the strain naming protocol. And I think that as the industry matures more and more science gets involved, this kind of foundation, we will actually help us sort out those kind of categories that we’ve grouped

[00:54:14]Nate Lipton: them in Zach Damo.

[00:54:15] I mean, that study sounds super interesting. I gotta get my hands on that.

[00:54:19]Kellan Finney: So I think, yeah, I’ll connect you too. Dr. John Abrams and John Tran, they’re running it’s, uh, an MD and a PhD immunologist, and they have a whole group of people. Um, love to connect to you. You can chat with them and meet super, super smart people doing.

[00:54:31] Really really robust scientific research on this stuff. So

[00:54:34]Bryan Fields: they’re also gonna publish some studies in our cannabinoid playbook. So you can definitely sit back cuz it’ll be in the playbook for the next six months. So we’ll definitely have some of that research coming out. Kevin didn’t tease it correctly.

[00:54:44] He teased it, but he didn’t give all the

[00:54:45]Nate Lipton: information on where find the information,

[00:54:47]Kellan Finney: but that’s why you’re here. I wouldn’t wanna take you

[00:54:49]Nate Lipton: under Brian, right? An playbook. Yeah, little playbook.

[00:54:55]Bryan Fields: Um, so I agree. I think the effects is definitely where we’re gonna go and we definitely need the science [00:55:00] background to kind of validate that because if you’re looking to take a creative product, let’s say during the day to spark, you know, some, some breakthroughs and some of the challenges you’re having and then you have like one of those heavy products that put you to sleep.

[00:55:10] It’s not gonna work. Right. And even more so if you, if you give it to a, a more inexperienced consumer, who’s more hesitant to try and say, Hey, like this is a more uplifting feeling. And then they experience it and it, and it puts them into the couch and they don’t like it. They might be perturbed to not try again.

[00:55:25] And I think we really need to find that that balance between side scientific information to kind of validate some of these claims and also communicating to consumers when they walk into dispensary for the first time. So they’re not overwhelmed because like, for me, I’ve only been into a large handful of dispensary since I’m, I’m locked into New York here.

[00:55:42] And when you go into these, some of these calories, these Washington dispensaries, there’s hundreds of products. And it’s like, this is almost overwhelming. I wanna buy all of these, but I also want to try new products and I’m unsure where even to start. So I would imagine some other people who have that inexperience might have that same feeling when they walk into these dispensaries for the first

[00:55:59]Nate Lipton: time.[00:56:00]

[00:56:00] Yeah. And you know, one of the interesting, the interesting things that just kind of occurred in my head, but it’s like. We have such a, um, like right now, like, I would say a little bit of like a curiosity in really figuring out like what cannabis does, what, and like what types of cannabis do you know, have certain, uh, I don’t know, effects or things like that.

[00:56:23] But then I was thinking about like beer and I’m like, man, I, I drink like a Pilsner or I drink like an IPA and I actually have like a pretty different effect from those two. And I don’t think it’s. The alcohol content. I think there’s actually more going on ES

[00:56:38]Kellan Finney: it’s like wine drunk, right? Like you get wine drunk versus beer drunk versus like, I was actually being a grad school and I was sitting with my professor and he was like, you go to a party where there’s a keg, the vibe is way different.

[00:56:50] Everyone’s like smiling, giggling, whatever. You go to a party where everyone’s just taking vodka shots, completely different thought. And like he’s saying that he was distributing it to the [00:57:00] terpenes and this was like way before cannabis was legal or anything like that. And he’s a big brew beer brewer.

[00:57:06] And I think that that also is why you saw this huge, um, influx of micro brews in the last like 15 years, because they’re increasing those Tering content and. Brewing beer has truly become a really intense, like scientific process for these micro breweries. You go to like Odells or some of these big breweries here in Colorado in Fort Collins.

[00:57:27] And they literally have like organic molecules drawn all over the entire whiteboards. And they’re all like trying to figure out what hops have, what chemicals in them to try to get the beer and the flavor. So, yeah, I think, I mean, it’s exactly it, right. I think it’s the terpenes because I mean, wine drunk is very different than,

[00:57:42]Nate Lipton: than beer drunk and beer or vodka drunk.

[00:57:44] Yeah. There’s, there’s definitely some cultural things. I think there’s, you know, Cultural things with like the, the people who take the vodka shots versus the people that drink the beer versus the people who drink the wine. , you know, there’s probably some, you know, multi-variate analysis needs to be done.

[00:57:59] That. [00:58:00] Exactly. I think the thing is like, we’re going after understanding cannabis, like so much more intensely than understanding beer. Like even though the beer people are super into it, they’re just like, oh yeah, make a beer taste. Great. And they’re more about taste and then, right. But it’s like, they kind of stop.

[00:58:17] They’re just like, now we’re just going after different flavor profiles, but they’re not saying like, oh yeah, this beer is gonna make you, you know, uh, it’s Arod easy act for you or something, or this one is gonna make you, I don’t know, give more energy or something like that. They’re not like categorizing or marketing beers that way.

[00:58:38] Which is interesting. It’s just more of like a, a little bit of a realization, but I don’t think there’s much to it. Yeah.

[00:58:45]Bryan Fields: It’s also challenging for consumers too. Right? We’re asking them to make decisions based on like form factors and then the indica, Sativa’s a common one. Then we’re asking ’em to decide on like strain names.

[00:58:54] Then we’re asking ’em to decide on, on cannabinoid content. And now we’re introducing terpenes to them. And plus, as we [00:59:00] talked forward, the combination of those variables influences outcomes completely different. So we’re kind of ch making it a little more challenging for the consumer than we should, but there’s also this balance of like the science needs to catch up.

[00:59:11] We also app the consumer needs to catch up. So we got a lot of variables. So we gotta work through in the

[00:59:15]Nate Lipton: next five to six years. Plus, you know, once you start doing something, this is maybe it goes into the cultural practice too, but there’s like, there’s a little bit of, um, Stickiness to it. That’s hard for you to like change everyone over to a new mode of thought, like every dispensary in California, you can’t just like, say, oh yeah, we’re getting rid of indica and sativa today.

[00:59:33] And then, um, yeah, we’re done with it, cuz it doesn’t really mean anything. Like people still want to shop that way. Even if they know that it’s probably wrong. Yes. Like you can’t like just take it away. It’s like, it’s gonna take years of trying to come up with some alternative to give these people before they can move off of it.

[00:59:52] So like this stuff is gonna, you know, the change there’s cool things that are happening, but. The societal change will be a little bit like [01:00:00] yeah. It’s not a light switch. No,

[01:00:01]Bryan Fields: your consumers are always right. So if they walk in, they’re asking, I’m looking for indica sativa, you know, how can you be that establishment?

[01:00:08] It’s like, you know what? We don’t have that here. We don’t abide by those

[01:00:10]Nate Lipton: principles. Those are the wrong buckets. Sorry. Yeah. Sorry. We don’t call things indica anymore. They’re gonna be like, am I in the right store? Yeah, cool. So Nate,

[01:00:20]Bryan Fields: for our listeners, they wanna get in touch. They wanna learn more and they wanna watch can cribs.

[01:00:24] Where can they find you?

[01:00:25]Nate Lipton: Yeah, so the YouTube channel is actually called growers network. The series is, can cribs on the YouTube channel growers network, uh, growers house.com is the eCommerce site where we sell everything. You need to grow cannabis, nutrients, lighting, you know, like 16,000 products, whether you’re a hobbyist or commercial grower growers, network.org.

[01:00:45] Is the forum, stuff like that. And they all have their social media channels and stuff like that. And then I have my own Instagram, Nate, DOJ, Lipton. If you want to hit me up, I respond to DMS like 90% of the time. I’d say not perfect, but I try [01:01:00] cool. We’ll link all those up in the show notes. Thanks for taking the time.

[01:01:03] Yeah. Appreciate it guys. Cool.

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Editors’ Note: This is the transcript version of the podcast. Please note that due to time and audio constraints, transcription may not be perfect. We encourage you to listen to the podcast, embedded below if you need any clarification. We hope you enjoy!

This week we are joined by Leslie Bocskor   to discuss :

  • Paper, Plastic & Fiber will be disrupted
  • Making sense of Cannabis policy
  • Why the Cannabis industry has not self-regulated

About Leslie Bocskor

Bocskor’s insights, expertise, and global stature make him the man who policy makers, investors, and entrepreneurs seek out for future planning and immediate fixing. He is the undisputed choice as the voice on cannabis issues and business, from state-of-the-art technology and best practices to policy, industry financing and expansion. Committed to a culture of compassion at Electrum Partners and throughout the industry, he takes pride in ushering in changes that rewrite history, whether it’s the empathic opening of patient access, or the invention of a national innovation funding reset button.

His far-reaching banking and entrepreneurial experience and inimitable style are bolstered with his knowledge of any cannabis vertical — from domestic and international policy to finding your niche investing opportunity, from supercritical extraction to ERP solutions, from seed-to-sale to the entourage effect of strategic business integration. Bocskor has become one of the most influential people in the cannabis space, guiding policy and reform.

https://www.linkedin.com/in/lesliebocskor/

#Cannabis #hemp #INQD

At Eighth Revolution (8th Rev) we provide services from capital to cannabinoid and everything in between in the cannabinoid industry.

8th Revolution Cannabinoid Playbook is an Industry-leading report covering the entire cannabis supply chain

The Dime is a top 50 Cannabis Podcast 

Contact us directly at [email protected] Bryan Fields: @bryanfields24 Kellan Finney: @Kellan_Finney


[00:00:00]Bryan Fields: What’s up guys. Welcome back to the episode of the dime I’m Brian Fields. And with me as always is ke Finney. And this week we’ve got a very special guest, Leslie Butch core. Leslie, thanks for taking the time how you doing today? I’m

[00:00:11]Leslie Bocskor: doing fantastic. It’s really great to be here. It feel really great to be here on camera with you.

[00:00:15] You know, I’ve been reading, uh, what you’ve been doing and watching what you’ve been doing. And it’s just such an honor, and I, I love what you’ve been doing. Your, your fans are enormous. The, the following is great and the content

[00:00:25]Bryan Fields: is excellent. I really appreciate you seeing that.

[00:00:27]Kellan Finney: And Kelly, how are you doing?

[00:00:28] I’m doing well, just enjoying Colorado and really excited to talk to Leslie. Yeah. Leslie,

[00:00:32] for

[00:00:32]Bryan Fields: the record, where were you born? Leslie? I was

[00:00:35]Leslie Bocskor: born. I was born in New York city. That’s an east coast of France. I located now though. Um, I’m out in Las Vegas. The west coast. Yeah. Well, you know, right. Yeah. Yeah.

[00:00:45] Pacific time zone. I was born at a hospital that no longer exists. Flower fifth avenue grew up in, in and around New York city and moved out here to Vegas in 2010. Awesome.

[00:00:57]Bryan Fields: Awesome. So let’s, let’s kind of dive in a little bit [00:01:00] for our listeners that aren’t free about you. Can you give a little background about you?

[00:01:03]Leslie Bocskor: Sure. Uh, so, you know, personally, like I said, I’m from New York city. I actually spent some time growing up in Northwest, in New Jersey as well. Uh, so you know, very much an east coaster. Um, I, uh, as I said, you know, before you can take the. The boy out of the city, but you can’t take the city out of the boy.

[00:01:20] I’m always gonna be very fond of New York. I try to get back as often as I can. Um, you know, on a personal note, I’m very oriented towards, uh, a cultural endeavors and sort of, uh, values oriented projects. I’ve been the chairman and founder of a couple of arts and Phil philanthropic organizations. Uh, personally, I’m an avid attendee and have been, although not recently of burning man, my wife and I have been going since 19 together since 1998.

[00:01:47] My son went for the first time, uh, when he was just two months old, he’s also the youngest ever, um, recipient of a burning man, honorarium art grant for a project called the Jedi dog temple for kids that [00:02:00] ended up being in a burning man, uh, art show that was in the Smithsonian. Uh, I’ve been as a professionally.

[00:02:06] I started out in investment banking and finance. Uh, a number of years ago, I was one of the first investment bankers to focus on the internet. And new media as a new sector back in the mid to late nineties. Um, I have been, uh, a cannabis enthusiast. My original due diligence on cannabis goes back to when I was 15 years old.

[00:02:27] And I started smoking pot for the first time at my school bus stop prior to going to high school. And, um, so, you know, anyway, personally, I ended up coming out here to Vegas for quality of life reasons. It, it, it turns out that when I came here and I didn’t realize how awesome warm. Dry and sunny was, but it’s been fantastic.

[00:02:49] And then also I got really lucky in that. Nevada is one of the jurisdictions and probably the jurisdiction with the best regulatory framework for legalized cannabis [00:03:00] and, um, adult for medical and adult use cannabis. And then when I got out here, I just sort of switched my focus originally coming out to the, to Las Vegas, to do research on the casino and gaming industry.

[00:03:11] And when I got here, I saw that hemp and cannabis presented an opportunity that when I did my research was unlike anything I’d ever encountered in all of my previous years in finance and banking. And so I focused on it exclusively. And so here we

[00:03:25]Bryan Fields: are, I’m excited to kind of dive into some of those specifics.

[00:03:28] So when you were making that transition or thinking about making that transition from that pivot from investment banking to cannabis, was there any hesitation take us through what those early days were like and what you were feeling when you were making that

[00:03:38]Leslie Bocskor: move? Okay. So, um, 2010, I come out to Vegas and I’ve been a cannabis, you know, aficianado on and off for many years, since I was 15, I stopped when I was working in finance, I stopped having anything to do with it.

[00:03:54] Not because I thought there was anything wrong with it, but just, I went through a period where I wasn’t drinking. I wasn’t smoking. I wasn’t, you know, I [00:04:00] was just not drinking coffee. I was just being super straight and narrow and focused on my career. Uh, and so when I came out here, although I wasn’t an active, consistent cannabis user, uh, I had always been very much a, you know, had an affinity for it.

[00:04:20] And so I came out here and I saw there was a medical marijuana market. Although, not a market. There was a medical marijuana law in Nevada. I went and visited some friends in San Francisco. You know, they, they showed me what was going on with dispensaries in the medical marijuana market in, in California.

[00:04:36] And I started to do some research on it, cuz I knew that if there was gonna be legal, legal adult use cannabis, it was gonna be a massive opportunity. So I started reading some research in 2010 and 11. One of a couple of reports I read were the Rand Corp and the United nation studies that were done about the illegal market, the black market for marijuana cannabis in the [00:05:00] United States.

[00:05:00] And in 2010, according to ran Corp in the UN the market for black market, uh, cannabis in the United States was between 42 and 50 billion a year. Now to give you an idea, the total value of the all professional sports, essentially the same year, major league baseball. The NFL, the NHL and the NBA was under 35 billion.

[00:05:26] So weed was bigger than sports in America. And that got me to really sort of think, and I was really digging into it. And then Colorado and Washington. Past adult use a friend of mine. Who’s a political operative, Joe BSK, who is just without him. I don’t think we would have the weed industry in the United States, the cannabis industry in the United States that we do.

[00:05:49] Uh, he said, you know, watch what happens. It’s gonna, they’re gonna pass these ballot initiatives. And I said, Joe, you’re just a hopeful stoner. It’s never gonna happen in our life lifetimes. Sure enough. They passed them exactly the way they said. [00:06:00] He said they would, I sat down with him. I said, okay, you’re right.

[00:06:03] I was wrong. Explained to me how you knew that and what’s going on. And he showed me the data and I said, oh, this is the moment. And so I UNW all of my previous projects that I was involved in and I began to focus exclusively on hemp and cannabis and what those industries would represent in the United States and beyond, and how that was going to, to roll out and how that phenomena was going to.

[00:06:28] Move throughout the world. And, uh, as a result, I got very fortunate. I got involved very deeply in the policy side, advising policy makers here in Nevada, in California, Pennsylvania, Florida, uh, Costa Rica now, Mexico and other places. And, um, I haven’t looked back. It’s been a spectacular shift. It’s uh, candidly, it’s one of the, the five best decisions of my life.

[00:06:53]Kellan Finney: Did you ever consider moving to Colorado or Oregon after they, they passed those ballot?

[00:06:58]Leslie Bocskor: So I’ve considered [00:07:00] moving to Colorado prior to my moving to Vegas, actually. So one of the, um, places that my wife and I had on our decision matrix to consider moving to was Glenwood Springs, Colorado love Glenwood.

[00:07:15] It is one of the, like talk about quality of life. One of the best places in the world

[00:07:20]Kellan Finney: I’m originally from crest Butte. So it’s just right over the

[00:07:22]Leslie Bocskor: pass. Oh, no way. Oh, dude. That is totally. Let me tell you that Colorado. Listen, I love, I love my life here in Vegas, but I gotta tell you if, uh, the, uh, you know, the opportunity presents itself.

[00:07:36] I would not be surprised if I were to start, you know, spending some time every year, uh, out at Glenwood Springs. I’ve been looking at it very seriously. Ever since we moved to Vegas. Beautiful hots Springs there. Oh my God. One of the, one of the only naturally occurring vapor waves in the world, I know, gave with a hot spring emanating in, into it in like, and as a matter of fact, it’s a famous, it was famous for, uh, doc holiday [00:08:00] that’s right.

[00:08:00] Nine days because of his being, uh, tub Cullo and it’s such an incredible place. And the energy there is amazing and the food and the environment and the, you know, activities. It’s just such a great, a great location. One of the most, one of my favorite places in the entire country

[00:08:16]Kellan Finney: and now the

[00:08:17]Leslie Bocskor: cannabis too.

[00:08:18] Oh yeah. Oh yeah. Oh yeah, yeah, yeah. Yeah. As a matter of fact, I’m hoping to go back and visit there if not this summer, early fall of this year.

[00:08:28]Bryan Fields: So I wanna ask your hands are tied all across the industry with multiple companies. Take me through what a day to day is like for Leslie. What type of topics is, is he going through?

[00:08:38] What type of conversations are you having? And talk to us about what goes on.

[00:08:42]Leslie Bocskor: Okay. Uh, great question. So, um, the days can be very different on a day to day basis, but overall on a week to week and month to month basis, it’s pretty consistent. Our focus right now, my focus right now is one. We are [00:09:00] very interested in the moment in time that we’re in, as it regards the beginnings of the establishment of brands, that will be the brands that last for years to come in cannabis in hemp, in consumer products that cross, uh, around the entire.

[00:09:20] The spectrum. So one area is we’re very focused on brand development and where that’s going, understanding what the, who the consumers are of the various different pro product categories. Making sure we understand those discrete product categories, understanding the consumer and their need states in those product categories, understanding what they’re spending patterns will be, and then understanding what brands will, what brand type of presence will likely be able to establish a relationship with the consumers and last for time to come.

[00:09:54] So there’s a big portion of my time that’s spent on that. A another portion of my time is [00:10:00] spent on policy. What is, how is I, how will policy evolve as regards. Cannabis domestically and internationally. So meaning for example, some of the issues we look at, even though hemp is legal, there are still so many gray areas, Delta eight, Delta 10, um, there’s even someone out there that said that believes that as long as the gummies, they produce are less than 0.3% THC by weight, that they can produce THC gummies that are legal to ship across borders.

[00:10:40] Cuz technically speaking, if it’s less than 0.3% THC by weight, it’s considered hemp, it’s not considered marijuana on a federal basis. Then there is also, we’re trying to understand how does the work in process hemp extract and the fact that when people are making these different products, how does the fact that the [00:11:00] extract goes above 0.3% THC in the manufacturing process, thereby breaking.

[00:11:06] Federal law. And then that extract is now considered marijuana. So does that mean that the products that are made from that now are illegal, legal, again, gray area. How’s that going involved? What’s going to happen on the federal basis with the safe, the safe act what’s going to happen with descheduling what’s the department of justice going to do.

[00:11:27] And when and why? Um, then we’re looking at Mexico, Mexico, or, you know, three years ago, their Supreme court declared. Prohibition of cannabis on individual use and possession, and even having a market for it was illegal. And so they, for three years now have been trying to implement a regulatory framework to create a legal market there.

[00:11:49] Uh, how is that going to evolve? How will Europe evolve? Greece, Germany, Spain, Italy, um, uh, Portugal, France. How will those markets [00:12:00] evolve over time then looking at Asia, India, uh, Thailand and others, how will those markets evolve over time? So there’s a lot of time that we spend on analyzing that, um, speaking to the stakeholders in those areas and trying to really not just understand what’s going on, but where we can, how can we help on a pro bono basis?

[00:12:21] How can we write white papers? How can we provide access to real data so that in every one of these conversations, it can be a conversation of fact based. Data between sensible people. So we can start to see the beginning of real, uh, rationality in how cannabis and hemp are dealt with moving forward.

[00:12:44] Then another part of my day is spent on the enterprises that navigate these areas. And what is it that we’re going to do? What are we, you know, so again, Mexico, I’m extremely interested, not just in the Mexican market. I think [00:13:00] that the entire, um, Spanish and Portuguese speaking Mar market, the Latin X market is over 750 million people worldwide.

[00:13:09] The United States and Canada is Canada is just 360 million. So essentially. Double the size of that market is the Latin X market. And so we see that as an area that people have not been as focused on. And we’re very interested in, in what that is. And then, you know, there’s a, I’m a father. I have a, my, my son is, uh, you know, is 10 years old and I am, uh, I’m, I’m hopefully gonna be trying to make it to burning man this year with him and my wife.

[00:13:37] So when I get some free time, we talk about doing things like that. But as regards, you know, professionally. We are focused on what the changes are going to be and how they’re gonna manifest what’s going on from a policy perspective and how can we help with that? And then also, you know, I have been extremely interested in the public markets.

[00:13:55] What’s gonna happen with the public markets because we see that when we do ultimately see the United [00:14:00] States change its federal policy, that the, uh, corresponding shifts as regards to the flows of capital, the velocity of capital, the establishment of businesses, the creation of value, the creation of jobs, et cetera, is going to have a significant change as well.

[00:14:14] And so we spend a lot of time trying to understand that, prepare for it and, and be in a position to make the most of it as a, as it changes.

[00:14:21]Kellan Finney: That’s a, a ton of items that you’re kind of juggling back and forth. uh, do you, is it like scheduled out where you’re like, okay, from eight to nine, I think about policy from nine to 10, I deal with brands or is it a lot more fluid throughout the day or is it kind of like each day is kind of devoted to one of those

[00:14:37]Leslie Bocskor: topics?

[00:14:38] So it’s really fluid because this is a very entrepreneurial time, you know? And so, um, in, in the beginning of any industry, when I was there at the beginning of the, the, uh, internet and new media industry, when I’ve watched the beginning of the cryptocurrency and FinTech revolution, that’s come out of blockchain and hash draft when I’ve looked at the [00:15:00] cybersecurity industry and where we are with that, which is also another industry that is very, you know, sort of it’s, it’s big, but it’s gonna become a lot bigger PR pretty quickly.

[00:15:11] When we look at the early stages of those industries, agility and, um, flexibility. Are really the rules of the day because things move so quickly changes happen so fast that if I establish a more rigid structure for myself, I’ll miss a lot of the opportunities and I’ll find myself at odds with the environment I’m trying to navigate.

[00:15:37] So at this point, the, in, in what we’re doing, we’re very entrepreneurial. We’re very, we focus on agility. We focus on flexibility moving forward so that we can navigate this rapidly changing, super dynamic and very challenging, um, [00:16:00] environment from a. Perspective of how we can contribute as corporate citizens and as citizens in general, because we’re very value based.

[00:16:09] We wanna make sure that what we’re doing is the right thing to do, and then how we can also navigate it from an economic basis to make sure we’re making the right decisions for ourselves and our partners.

[00:16:18]Bryan Fields: They also place so nicely together, right? When you’re talking about like domestic challenges and what, what could potentially happen from a scenario standpoint that’s critical for your current day to day, but then forward looking from an international standpoint where you wanna expand even more.

[00:16:31] So for, let’s say with the future opportunity holds and then communicating with policy makers about the importance of, Hey, we need to get our stuff together because if not, we’re gonna be left out of important conversations in the us will be literally locked into the United States without having access to that global market.

[00:16:46] So while, while it is probably challenging to juggle all those, it’s probably also super critical to have a perspective on the different variables so that you can make accurate recommendations when you’re leading up your team for success in the future.

[00:16:57]Leslie Bocskor: Brian, you couldn’t be more, [00:17:00] right. Let me just make a couple of observations.

[00:17:02] I’m not gonna name any names, cuz I don’t want to throw anybody under the bus. We have seen billions of dollars just lit on fire and burned just to create warmth. There’s been no effect from so much money that’s been spent on people trying to come in and, and navigate this and make money in the cannabis and hemp industry.

[00:17:24] Why? Because this is a unique moment in business history. We have never seen anything like this before, where there’s been a prohibition of something for 80 years. That’s the size of these industries. Let’s talk for a minute about hemp. So hemp as a result of the marijuana tax act of 1937 and then the single convention treaty of narcotic drugs at the United nations in I guess what was the 63?

[00:17:54] Um, Essentially hemp was made illegal on an international basis because [00:18:00] of policy changes that the United States made internally. And so, um, those, those shifts making hemp illegal, kept it out of these three very important industries where it’s extremely important. You know, hold on a minute, let me just turn off.

[00:18:18] There’s something that keeps sending me, uh, notifications. There we go. So the three industries that hemp was left out out of that it’s now starting to come into as a disruptor are plastics, paper and fiber. So hemp was made legal during world war II, cuz it’s a great source of, of parachute material cord, all sorts of reasons.

[00:18:48] It’s such an incredibly useful plant for so many things, but in the last 80 years, a hundred years nearly. There’s been so much innovation in hydrocarbon based plastics. It’s a [00:19:00] 1.1 trillion industry. Five years ago, the global fiber industry, cotton and other fibers, 700 billion. The global paper industry, the average us consumer uses 700 pounds of paper per year, 700 pounds of paper per year.

[00:19:21] The average consumer, the global paper industry, just the top 300 companies is something like 600 billion a year. And as a regard now, Pulp paper made from trees is horribly inefficient. I mean, a lot it’s sort of generally known, uh, uh, a paper mill in a town is so toxic or so unpleasant that people that live there end up getting an odor in their bodies that emanates from their bodies, just because they’re proximity to the plant and all of the affluent and what comes out of it, the plastics industry, I mean, you [00:20:00] know, who doesn’t know about the.

[00:20:02] The garbage patch in the Pacific ocean. How many times a day do we hear stories about microplastics in our body, microplastics in our food microplastics in, in, in our, in the water where we’re finding out about plastic and not just the plastic itself and the difficulty it has in biodegrading into other components, but the things that get released like toluene and benzene and other toxins that are endocrine disruptors, carcinogens, and, and more that go into our, our, um, environment on a consistent basis from our use of plastics.

[00:20:34] How many things do we have that are made of plastic? Our phones, headphones, water bottles, everywhere. Everything is made of plastic. And these plastics are highly. Toxic to our environment, hemp based plastic, and bioplastics even Henry Ford in the forties recognize the value of it when he built a car, largely outta bioplastics that were, that was [00:21:00] that hemp was a huge component of which is why.

[00:21:03] Now automobile manufacturers are starting to do the same thing. They’re making many of their components out of hemp based plastic. Well, why is that so significant? It’s significant because when hemp biodegrades, it doesn’t create the type of problems that plastic does. Not only, it ends up becoming one of the largest carbon negative industries in the world.

[00:21:19] As we pull the carbon dioxide out of air, into the hemp plant we make plastics out of that. Carbon that’s in the plant. And then when it’s, it goes into landfill is waste. It’s essentially carbon sequestration taking the carbon oxide out of the atmosphere and putting it back in the earth in a positive way.

[00:21:35] Now, what, what does this have to do with your original question? It has to do with the fact that what we are trying to understand is how these changes will manifest in these industries. Where will those opportunities be? How do we need to understand how regulation will affect it? And how do we position ourselves first and foremost, to make the best contribution to the world around us, to add value, to do things that are [00:22:00] values based and to, in some way to reduce harm in our actions, by making the world a better place, then we, we, we, of course we wouldn’t even be looking at it.

[00:22:09] If we didn’t see that there was a way to do this, that made a lot of sense economically. And then we look at the various businesses that are going to be able to come out of that then. That’s one big part of it. HAMP and industrial uses. Then we look at consumer products that are based upon it and what we’re gonna be able to do in that area and how the regulatory market will be important to navigate and influence not to for regulatory capture for ourselves.

[00:22:32] How to make good regulation for the citizens of the jurisdictions, where the regulation exists, because when you have good regulation, you then have good business environments that have good outcomes for everyone, for the business people, for the citizens and for the policy makers that that are in the jurisdiction.

[00:22:53] So we’re super involved in that as well. And every day, our focus is on trying to, to, to [00:23:00] hone our know. To, to sharpen our knowledge, to get more data research more, and then to do what we can to one, you know, contribute to the world around us and two, to do it in a way that is going to be economically sound for us and our partners.

[00:23:17]Kellan Finney: Yeah. And I think policy is gonna be a huge, uh, factor in all of those kind of concepts, if you will. I mean, if you just look at kind of your standard cannabis operator, who’s making an extract, right? There’s a ton of waste products that could be chemical feed stocks for all of those products that you just mentioned, but there’s regulations and policies in place that prevent the sale of chemicals derived from cannabis to these major markets.

[00:23:42] And then if you look at the hemp industry, who’s able to actually. Play on an industrial scale, cuz they have federal backing or at least kind of more institutional funding, if you will. Mm-hmm, , it’s really, really challenging for those, those, uh, startup companies. If you will, to enter into one of these established a hundred year old sectors, cuz [00:24:00] in order to produce the volumes, cuz it’s gonna be high volume, low margin kind of plays there.

[00:24:04] The, the upfront capital needed and the runway required for say a hemp bioplastic plant to come online and actually become competitive isn’t it’s it’s astronomical. Right? And so I think the only way that any of those entities truly have a, a fighting chance is through

[00:24:22]Leslie Bocskor: policy. So the other thing is it, I would agree with you and I would add this knowledge of policy and influencing policy, creating good policy critical, and it will allow you to understand how to position yourself from a business perspective.

[00:24:37] And I’ll also add this, the cause of this extraordinary opportunity of these products of this plant. This feed stock being off of the market for so long, the opportunity to create innovation in technologies, how to create the plastics, how to breed the best plant [00:25:00] for plastic production, how to breed the best plant for paper, and then understanding how to create the best system and, and the best methodology there’s been for creating paper.

[00:25:13] There’s been 80 years of investment in how to create pulp paper from trees. I mean, we have invested trillions of dollars over the time, over time in how to. Get that industry efficient trillions of dollars into how to make plastics work and different types of plastics, trillions of dollars into fiber on a global basis.

[00:25:34] And now there’s an opportunity to start focusing on how to create opportunities to compete with those industries based upon access to the hemp plant. And so you can play in that even while avoiding the enormous capital outlays necessary to build plants by focusing on the IP and by focusing [00:26:00] on the innovation, that’s the place where the individual investor, the smaller, tighter, more focused team.

[00:26:08] Be involved without having to be as capitally, have as much capital behind them. What they need to do is make sure that their knowledge, their research, their due diligence is extraordinary. And the more they, more time they spend focused on that, the better they are with that, the better they’ll be positioned for being able to navigate a space where there’s gonna be much more players with a lot more money.

[00:26:36] And I’ll go back ke to my comment about billions of dollars being lit on fire and just burned. There’s been, I don’t need to say who they are. There’s been a bunch of big companies who put huge amounts of capital into the cannabis and hemp industry and all they have is writedowns. So having the money doesn’t actually necessarily mean you’re gonna have the [00:27:00] success.

[00:27:00] This is a great time in history where being smart, we’re being diligent. We’re being. Um, effective in how you navigate the environment. It’s like the age of the dinosaur on a corporate basis is coming to an end and the smaller, more agile, more nimble, more adaptable animals, corporate animals like, like into the mamals of when the age of the dinosaurs ended, being able to navigate it, end up becoming more significant.

[00:27:30] And I think that that’s the point in time that we’re at. And again, and then when you add things like crowdfunding and the sort of solo entrepreneurship that’s going on now, it really does give a path where yes, if you’re not careful, you’ll get crushed by the dinosaurs as they just stomp on you with their billions of dollars of capital and, and you know, legal teams, et cetera.

[00:27:54] If you’re smart and you focus on good, good information and innovation, [00:28:00] you can out, you can outwit and outplay them.

[00:28:02]Bryan Fields: You also need a real strong sense of, uh, resiliency because operating in this industry is far from hard, right? I would say it, it hard would be on the easier side on how to describe it. And you need to be ready to navigate, because like, as you were saying, when you first got started your, your scenario planning for variable challenges domestically and internationally, and for someone who’s new or from outside industry, that’s kind of unknown space, right?

[00:28:24] Because when you come from a CPG world, you come from a Clorox, you’re used to having the path established the rules and regulations are written for you. You know how to navigate, you know, who the players are here. You’re not really sure. And things are changing on a day to day basis. So kind of being able to navigate and be nimble is really, really critical.

[00:28:39] But I wanna challenge you one point, Leslie, I wanna ask how do we get in wide industry adoption? Right. It makes sense. I understand from a scientific standpoint, all the benefits, but how do we go from where we are today to get wider adoption for everyday consumers to wanting to make that choice to go to more of the hemp plastic versus the, the conventional current method.

[00:28:59]Leslie Bocskor: So. [00:29:00] You know, a dear friend, Joe BSK, who I mentioned brilliant, brilliant political cooperative. He has one of my favorite nuggets of wisdom as regards policy. He always says, you can count on a politician to do the right thing after you’ve removed every other choice. And so the same thing is true to a certain extent with consumers, we, as consumers tend to navigate to what’s easy.

[00:29:33] What is fast? What is a habit we aren’t even aware of the marketing and information that influences our decisions on a day to day basis. And as a result, it’s hard for consumers. To actually make those choices with their money to vote. What they, for what they think is right when there’s economic forces at play, you know, it’s [00:30:00] economically things are tough.

[00:30:01] We’re going into a recession. There’s been this divergence in, in wealth, in the United States in particular between wealthy and the not wealthy. And, and that’s all very real. So the answer to your question is it has to be driven by the entrepreneurs. The entrepreneurs have to be smart. They have to be resilient.

[00:30:22] They have to be diligent. This is a time where the opportunity is unlike anything we’ve ever seen. And if you are not incredibly diligent and spend your time really doing your homework to make sure you understand how to navigate it, if you’re not incredibly focused on the partners you work with and their quality, and the fact that you’re aligned from a cultural and values basis.

[00:30:48] It will become a problem. So the answer is how do, how to, to the question of how do we get the consumers to be able to make those right choices? It has to be driven by [00:31:00] economics. Yes, you have to do the right thing and it has to be economically feasible. So we have to get to the point where it’s cheaper to produce plastic straws with hemp plastic, where it’s cheaper to produce paper products with hemp paper, where it’s cheaper, which already it is.

[00:31:20] It’s more effective to produce fabrics based upon hemp done on cotton, less water, less affluent, easier to process it in some ways, easier to process. And so we need to make it efficient. One of my great examples of this is we all have heard of he pre. Yep. Right. So, um, I’m in Vegas. And one of the great things about being in Vegas is trade shows.

[00:31:42] There’s a trade show for everything. There’s a trade show for the yarn industry. There’s a, a trade show for the concrete and cement industry,

[00:31:49]Kellan Finney: Vegas trade show in the world, Vegas one. Yeah. Vegas one in the world is the concrete one, 135,000 at attendants or something else. Like that’s what,

[00:31:55]Leslie Bocskor: so I send, I, I can’t believe you know, that that’s incredible long story, long story.

[00:31:59] You’re like one [00:32:00] of the only people that, oh, like you guys knowing this data point as extraordinary. I mean, I’ll never forget that though. Shout

[00:32:06]Kellan Finney: Uber

[00:32:06]Bryan Fields: driver shout out to the Uber driver,

[00:32:07]Leslie Bocskor: thought it said. Oh, my God. That’s amazing. But let me tell you what’s I sent my team to go to that trade show. I’m here in Vegas so I can get into, I, I can find ways for my team to go into almost any show to help to do something.

[00:32:19] They go there and they go around and they ask all, they were ch tasked with, go speak to every single company, go find scientists, go find engineers and, and then go find executives and ask them, what’s the story with hemp pre, are you doing anything with hemp pre what do you know about hemp pre and most people didn’t know anything.

[00:32:41] There were a half a dozen or so that did. And what they said was really fascinating. Hemp creates strength is its biggest drawback, because what makes cement and concrete so usable is there were solvents and tools [00:33:00] developed to be able to get rid of excess material flash. So when somebody. Is using their equipment and there’s all sorts of dried concrete on it.

[00:33:11] You can’t let that make the machine unusable. You have to have something to get rid of it. Well, they have solvents that have been developed to specifically address that. So you can remove it without having to harm the equipment you can, you know, when you’re making something, you can make sure that it looks the way you want without excess material on it.

[00:33:27] You don’t go looking around at buildings or seeing big pieces of, of some of, of hardened materials sticking out on the side. That was wasn’t part of the original mold that just, you know, no, they have ways to get rid of it, but hemp is so durable and so tough and it hasn’t had, again, this gets back to what I said about innovation, the invention of the solvents, the, the materials to render the excess hemp Creek that is unnecessary or even.

[00:33:56] In the way to be able to get rid of it doesn’t exist yet. [00:34:00] So as soon as we have that, then hemp Creek becomes really competitive. But until that time it’s only gonna be a cottage industry. Pardon the pun, because it’s going to be focused only on people that can deal with that in a small basis. Not at, not at scale.

[00:34:16] Yeah.

[00:34:16]Kellan Finney: And I’ll actually add one point to that. There’s a really cool company. I was a big fan of called JDF. Uh, just bio fiber. They’re based up in Canada, they’re making like Lego block mold, injection Lego block, like cinder blocks. Right. But they’re made from hemp heard and, and, uh, water and, and lime, I think, but they’re doing this plastic mold injection, right.

[00:34:35] From an automated factory perspective. And what they mentioned was one of the biggest obstacles that they were trying to overcome was they have this big VA that they mix it all up. And then the, a super cool, like modern mold injection goes down and injects it into the, the Lego block. Kind of situation, but unless the factory’s running 24 7, and then they stop it, all the machinery breaks because of that exact point you just made, which was wild.

[00:34:58] They were trying to get, get over it [00:35:00] economically. And like, um, trying to find solvents that didn’t bankrupt, the, the company trying to get, get that stuff out of the, the system. So that’s,

[00:35:06]Leslie Bocskor: that’s pretty cool. It’s spot on. And you know, again, there are so many things about this plant and so many things about this as a, a phenomenon that are just unbelievably disruptive, uh, construction, um, uh, you know, just look at the, one of the largest industries in the world of consumer products is nutraceuticals and supplements.

[00:35:28] It’s gotta be approaching 400 billion a year. At this point, when I was looking at it six years ago, it was 320 billion, 360 billion a year. And again, what’s the single most disruptive aspect to it, to he implant right now, pharmaceuticals the narrative around drug discovery. Now. It’s no longer just cannabis and hemp.

[00:35:46] Now it’s gotten into psychedelics and things like that, but the entire conversation narrative around drug discovery has changed again, as a result of the disruption from this. So everything in the, in the industrial sector, fiber, [00:36:00] plastic paper, consumer products are being influenced. There’s so much that’s happening and so much changing.

[00:36:06] Again, going back to what we said, agility and adaptability and flexibility are the key to being able to navigate this and also policy,

[00:36:15]Kellan Finney: because like with the hemp construction material, you can’t go get like a, as an everyday home buyer. You can’t go buy, get a loan a first time home loan. If it’s not a, a stick.

[00:36:26] And I can’t a stick in a stick and frame structure, meaning it’s built out of lumber. Like I can’t go get a loan from the bank to build a hemp house, which then goes right back to policy in terms of that’s where it’s all starts for these kind of innovative technologies to be have wide

[00:36:41]Leslie Bocskor: adoption. It’s a great point, gets me back to one of the things that’s most interesting about, you know, there’s some really interesting, um, counties in the United States with very low populations.

[00:36:51] It’d be great to see policy in those counties, uh, lead the way because at a county level you can actually make a difference and you could [00:37:00] create new zoning regulations in those counties that would allow things to be done that way that could then be adopted by larger counties. I think that we’re gonna see that happen at some point than not, not to distant future.

[00:37:11] It just makes, again, it makes as you remove every other choice and leave only this, because it makes economic sense that’s gonna start

[00:37:20]Bryan Fields: to happen. Does it also help the environment from a, an environmental protection standpoint?

[00:37:25]Leslie Bocskor: Absolutely. I mean, the, it it’s again, can you, could you make, could you be involved in the hemp industry and have it be toxic?

[00:37:35] Absolutely. I mean, just look at the packaging problem that the legal cannabis industry has. It’s really, it’s a problem. I mean, go order a delivery and a plastic bag that’s not made out of hand. Plastic has packages that are wrapped in plastic that have plastic packages inside. It it’s like three layers of plastic packaging for [00:38:00] something that doesn’t really need it and should really be in again, hemp, plastic, and hemp paper.

[00:38:06] And even if it’s not hemp, it should just be packaged more, more intelligently. But I, you know, so the answer is, uh, yes, it can be, it is. Potentially, and really much easier to do things that are environmentally feasible and positive in these industries. It’s it still requires the intention, the diligence and the follow through to do it the right way.

[00:38:34]Kellan Finney: Yeah. Cause in like a perfect world, you would take the, the plant, right. You would process it. Any leftovers would then be used to create the packaging in, you know, so the whole plant was used to package it and deliver it in the perfect world.

[00:38:46]Leslie Bocskor: Right. exactly. Let’s you know, let’s talk about, and again, there’s so much one of the amazing things about being alive right now is as a global culture, we are entrepreneurial.

[00:38:59] We’re [00:39:00] still figuring it out around the world. Let’s take a look at the like. Day, doesn’t go by here in Vegas. When the conversation of water doesn’t come up, lake meat is at historic low levels. That’s not just water for farming in California, which is a huge part of it in Arizona. It’s not just water for Vegas, although not much for the water for Vegas comes from lake meat.

[00:39:22] Some of it does. It’s also the water for the Hoover dam for the hydroelectric plan. If that water goes below a certain level where it’s not going to the intakes for the turbines, a very large number of people are gonna lose electricity. So the conversations about drought and water are rampant. There are major cities around the world that have been facing real water shortages like, oh, uh, Chenai, India, Mexico, Mexico city.

[00:39:53] Right. And so now, and yet go look at how our bathrooms work. [00:40:00] People are using for waste. Perfectly good clean water is being flushed down the toilet. Literally when, instead of using the waste water from sinks that gets recycled into the, into the, uh, to the other waste in the home. It’s just all just getting flushed down the drain.

[00:40:21] And so we need to be more efficient in how we utilize all of our resources. And this is a great way. One of the things I’ve said, and so many other people like Emily had said, this is not just a new industry. It’s an opportunity to conduct industry in a new way so that it sets examples that other industries can follow.

[00:40:46] And we still, I, I believe that and we’re still doing it. And I think it’s, you’re going to see more and more of that.

[00:40:52]Bryan Fields: Leslie, what is a lesser known fact about hemp that would shock or surprise? 90% of the people [00:41:00] in the cannabis industry?

[00:41:02]Leslie Bocskor: Okay. Uh, so I’ll, it’s not just hemp, but I’ll, I’ll talk about it. The, the only truly legal consumer product in the United States is hemp cigarettes.

[00:41:12] Why? Because what I said earlier about wimpy working past hemp extract, when you are under the farm bill of 2018, where it’s hemp, if it’s less than 0.3% THC, everybody that’s taking that hand plant processing it through all of the different methods that are out there to process it and concentrating it down to an extract that then gets turned into C B, D C BG, CBN, C B D V.

[00:41:38] And the list goes on in that extraction process. The percentage of THC by weight goes way above 0.3%. At that point, it’s federally illegal. You and every, and, and every derivative product you’ve made from it is technically illegal. Not only like, are there issues with shipping and prostate lines because of the gray area around [00:42:00] CBD and, and other cannabinoids.

[00:42:01] But there is, I mean, clearly it’s, it’s according to attorneys that represent the FDA and other government agencies, once that happens, it’s not, it it’s in a gray area, whereas hemp cigarettes, you’re just taking a hemp flower processing and put it into a hemp cigarette and then selling it. You never get above 0.3%.

[00:42:25] So technically speaking as a consumer product that is based upon that for, for use, it’s essentially the only legal product out there. Nobody really thinks about that. Let’s do a

[00:42:36]Bryan Fields: quick rapid fire. Yeah. True or false Las Vegas will eventually become the Disneyland of cannabis.

[00:42:44]Leslie Bocskor: It already is true.

[00:42:47]Bryan Fields: Outside us country, you think will be a major disruptor for the hemp or cannabis industry,

[00:42:53]Leslie Bocskor: Mexico

[00:42:55]Bryan Fields: single favorite aspect of burning man.

[00:42:57] And are you still

[00:42:58]Leslie Bocskor: involved? [00:43:00] Uh, single favorite? Uh, the community aspect aspect, the culture and community, and I absolutely am still involved

[00:43:07]Bryan Fields: psychedelics as a medicine. Yay or nay. Absolutely.

[00:43:11]Leslie Bocskor: Yay.

[00:43:14]Bryan Fields: Do you think the media influences culture yay or. Ha

[00:43:19]Leslie Bocskor: I am a big fan of yay. I’m a big fan of Marshall McCluen and, um, uh, Doug Robertson and others.

[00:43:25] I mean, our world is we live in media. Now. Media is the world we live in. Uh, McCluen said in the book, understanding media, the media is the message and that’s the world we live in today. It is the matrix. The matrix we need to get unplugged from is the world that surrounds us, which is the media that surrounds us.

[00:43:46] And it’s all individualized to every person. What each person gets is their own specific feed of information. That’s different from the person right next to them. We are surrounded by media and it’s com and we have no [00:44:00] idea. It’s every aspect of our lives is influenced by it. Yeah. Yay. In a big way, how do we unplug, ah, go to burning man.

[00:44:10] That’s a good answer. Blue,

[00:44:11]Bryan Fields: the red, right. 15 years from now, most homes will be built using hemp.

[00:44:18]Leslie Bocskor: No. NA sadly

[00:44:21]Bryan Fields: true or false. You met your wife through cannabis sales.

[00:44:25]Leslie Bocskor: It’s true. I met her because when she was I sold her pot when that’s, how we first met. When, when we were both kids, the statues or limitations are long past.

[00:44:35] That’s why I asked,

[00:44:36]Bryan Fields: I knew the statue limitations

[00:44:37]Leslie Bocskor: past. Good. And, and, and it was due diligence.

[00:44:40]Kellan Finney: Really. I was just doing recently due, due diligence. Always. I

[00:44:42]Bryan Fields: appreciate the due diligence, true or false. We will see a collaboration with Cypress hill in the future.

[00:44:49]Leslie Bocskor: Well, I have every intention and desire to do it.

[00:44:53] And if it serves, be real, if it serves Cyprus, I am there to do to work with them. He’s a dear friend and he’s a [00:45:00] great guy. And, and, and he is the O they are the OG man. Like they got banned from Saturday night, live in the nineties for lighting up a joint before anybody was ever realistically thinking about a legal market.

[00:45:13] They were there. And so if I can do something to continue to work with them on the, and what they’ve done, I would absolutely do it in a heartbeat. He knows that they know it, the team knows it, and I’m here to do it. And I hope that we have the chance. And I think we will.

[00:45:28]Bryan Fields: What draws you into early stage disruptive trends in technology?

[00:45:32]Leslie Bocskor: Great question. I’ve asked myself that for a while and I think the answer is it’s just the way I’m wired. I, for whatever reason, I was re I got involved in computers back in 1980, you know, which was pretty early. I was just a kid and I was just fascinated by them. I got super involved in the inter inter in the internet and new media in the mid to [00:46:00] late nineties.

[00:46:00] I was involved in online games in the nineties. I was, I got, I got attracted to burning man in 19 97, 98. I went for the first time I got super interested in, um, I was writing about virtual currencies and studying money banking and gold from 2004 on, I was studying virtual currencies before there was even such a thing as a crypto currency.

[00:46:26] So when I first encountered cryptocurrencies, I was floored. That was around 2010, 2011, and I’d been speaking and writing about it. So the answer is I’m just wired that way. I’m attracted to things that are new and that represent massive change in how we’re gonna live and do business on a global scale.

[00:46:44] Uh, it’s nothing that I ever tried to, to develop. I just, it’s just how I, you know, how I came out

[00:46:51]Bryan Fields: since you’ve been in the cannabis industry, what did you get? Right. And most importantly, what did you get wrong?

[00:46:56]Leslie Bocskor: Wow, great, great, great [00:47:00] question. And one that most people don’t ask, cuz you learn more from your mistakes than you do your successes.

[00:47:06] So let’s talk about what I got wrong. First. What I got wrong.

[00:47:21] Some of my, okay, I got wrong in self-regulation. I was sure that by this time the cannabis industry and the hemp industry would’ve followed the alcohol industry after the drop of prohibition. And they would’ve realized how important self-regulation was like alcohol did within a year of the drop of prohibition.

[00:47:44] The alcohol industry had been investing a ton of money into self-regulation cuz they realized if the industry doesn’t self regulate government is gonna come in and regulate and they’re not gonna be nearly as good at it as if they self regulate won’t be as good for business. Won’t be as good for the [00:48:00] consumers.

[00:48:00] Won’t be good for anybody. Well, the, I was sure I was speaking about this in 2000. 14. I started talking about, oh, self-regulation is imminent and it’s critical. And we still haven’t been able to see it happen. And I was way off. I was certain we would have have self-regulatory bodies that would be making it easier for, for government regulators.

[00:48:23] Would’ve made a bunch of things easier and it just hasn’t happened. And I don’t know why. And there’s all sorts of, um, there’s all sorts of consequences of this. Why do you

[00:48:31]Bryan Fields: think it hasn’t happened?

[00:48:35]Leslie Bocskor: I think it has to do with, and this is another thing I, I think it has to do with the flows of capital and the, that, you know, historically capital free market, where, where there was a, a ton of loose money out there. There was like, look historically low interest rates, a lot of capital out there for many years now, [00:49:00] the cannabis industry, legal cannabis industry, and even the he legal hemp industry.

[00:49:04] Even federally legal in a federally legal industry has had a challenge as it regards getting traditional lending and access to capital because of the stigmas and because of the artifacts of prohibition. And so that’s my friend, Rick ick, the former, uh, associate editor of high times. And he always said, the artifacts of prohibition are gonna follow us for years to come.

[00:49:25] And he was right. And so the answer is it’s those artifacts of prohibition following us that have limited capital capital’s limit has then affected so much decision making, particularly around having the free capital to invest in, in the, in a self-regulatory body. So you have to have enough money in your enterprise to donate a quarter million dollars a year for a period for the bigger businesses, 10, 20, $30,000 a year for smaller [00:50:00] businesses to these.

[00:50:02] Uh, uh, self-regulatory um, ideas and nobody really wanted to write the check. And it’s not that the entrepreneurs are greedy it’s that they don’t have access to capital the way other industries do. And it affects so much of your decision making and that’s one of the things. And so I definitely got that wrong.

[00:50:21] Um, and then some of the things that I got right. Well, I, what I also got wrong. I expected that by this year we would see the descheduling of cannabis. Now I’ll claim force mature for that. I never anticipated, you know, governmental, uh, gridlock on the scale that we’ve seen, um, in the last, you know, six years.

[00:50:43] And I also didn’t anticipate a global pandemic, which greatly influenced the policy. If you could have forecasted

[00:50:50]Bryan Fields: that, my God, you could have really ,

[00:50:52]Leslie Bocskor: could’ve really changed some lives. I know would’ve been, it would’ve saved some lives and it would’ve just been made the world easier to navigate the [00:51:00] last few years it’s been challenging.

[00:51:01] So I got that wrong. What did I, you know, some of the things that I got, right, I got right. The need for self-regulation. I got right. I got right. The, um, a couple of the trends in the industry that were going to start to see the importance of brands that were going to start to see. I, I had been saying for years that, um, We need to get to micro dosing rather than macro dosing.

[00:51:25] I was saying, you know, there’s 75 milligram edibles. Yeah. There are some people out there that are gonna use those, but it’s gonna be the three milligram edibles and the five milligram edibles that are gonna be the ones that really end up being where the market is. And I’ve been predicting back, going back to 2014, I’ve predicted a couple of other things that we still haven’t seen happen, but we will see happen.

[00:51:44] So I, I think I’ll be right on blends. We’re gonna start to see in the legal cans industry, we’re gonna start to see blends hemp cigarettes. That’s something I’ve also been saying is gonna become something for a while and we’re starting to see happen now. And I think is gonna become massive for so many [00:52:00] reasons, uh, harm reduction, um, a, a natural place for people to use as an exit from the use of tobacco, uh, to eliminate addiction, to nicotine, and as a way to get some of the terpenes and cannabinoids into your body.

[00:52:12] Um, the, some of the things that I got right were, um, How policy was going to manifest on a state to state basis. And that each state was essentially creating a ring fence where it was going to be its own market. And that, that was going to favor small operators and that large operators were going to have challenges around that, which they still do.

[00:52:31] So you start to, you can still see small regional operators get very big, even while the MSOs are out there. They’re not able to really come in and shut down. The small operators, small operators can compete effectively against an MSO because they have a better understanding of how to navigate their own local, uh, regulatory framework and influence it.

[00:52:52] And so the MSOs trying to manage the regulatory framework of California and Nevada and Oregon and Washington and [00:53:00] Illinois and New Jersey and New York. I mean, that’s a, that is a catastrophic burden to try to, to, to manage at this point. And we haven’t gotten to the point where they can achieve the economies and scale.

[00:53:10] So it still is, is, uh, um, really favoring the smaller state based operator. And there’s, I mean, there’s probably a couple of other things I’ve gotten wrong and right. But those are some of the ones that I like. I appreciate

[00:53:23]Bryan Fields: you sharing that. What is one tiny nugget about you, Leslie? That the Leslie hive wouldn’t know.

[00:53:32]Leslie Bocskor: Um,

[00:53:37] great question again. Uh, probably

[00:53:44] that I played dig do I played, Thery do as a musical instrument. I started playing decades ago and I still do to this day. Amazing. I have one, I have one here in the office. There’s one over in the corner. I have one there.

[00:53:59]Bryan Fields: It’s not the, [00:54:00] since you’ve been in the Candi industry, what has been the biggest misconception about what, since you’ve been in the industry, what has been a misconception where you thought one thing and it was completely different.

[00:54:15]Leslie Bocskor: Hmm.

[00:54:19] Oh, it was my, not my learning about policy. Uh, I thought that politicians speak English and they don’t, it is English actually. I’m sorry. I thought they spoke the same language as me. Yeah, it’s English. But what the words mean from a policy perspective, the way that they make their decisions? I, I completely misunderstood it.

[00:54:42] And again, my, my Joe SME mentor and friend, it was his and, and a number of other people, Congressman BAU and others that I’ve had the, the, you know, good fortune to work with the treasurer of Nevada, Zach Kona, and the governor of Nevada, and so many other people along the way, [00:55:00] uh, that have gotten me to understand that the political environment in the United States makes the navigation of policy.

[00:55:09] Uh, So completely different from the navigation of business decisions that you would not be able to think that the same language describes both. And yet it does. So people who speak about policy will use English words, but they don’t have the same meanings in the context when they talk about them, that, that it does for business and things.

[00:55:30] A normal question,

[00:55:32]Bryan Fields: before we do predictions, we ask all of our guests, if you could sum up your experience in a main takeaway or lesson, learn to pass onto the next generation, what would it be

[00:55:45]Leslie Bocskor: slow is smooth. Smooth is fast, slow down, take your time and be diligent. And the major lesson that I’ve learned is the importance of taking your time to [00:56:00] know who you’re working with. And when they tell you who they are, believe them and, and be, and don’t and, and be completely comfortable saying. We can, we’ll be friends it’s best for us to, to look into, uh, working, working separately

[00:56:17]Bryan Fields: well said, all right, prediction time, Leslie it’s 2032, what sector or part of the world does hem impact the most

[00:56:29]Leslie Bocskor: 2032 plastics plastics.

[00:56:31] That’s gonna be like, so we’re talking about nine years from now. Yeah, it’s gonna begin. It’s gonna, so I, I say it’s gonna be paper first paper fiber, then plastics is sort of in that order or fiber paper, and then plastics, plastics will take the longest, but we’ll have the biggest impact.

[00:56:50]Kellan Finney: I think the chemical feed stock industry, right?

[00:56:53] The commodity chemical feed stock industry that, I mean, terpenes, there’s a ton of potential for terpenes to be used in [00:57:00] novel plastics. Right? I mean the amount of chemicals that come off of the. In cannabis extracts, right? There’s over 400 different chemical components in an extract. And we’re typically only selling one or two.

[00:57:12] Right? I think that the, the opportunity for the commodity chemical industry is

[00:57:18]Leslie Bocskor: massive, great call the ingredients industry. Yeah. The ingredient, massive industry for food. And for so many things, I, I think that that’s a great comment.

[00:57:29]Bryan Fields: Ellen’s done some pretty cool research. There. It is a eye opening when you see some of the numbers mm-hmm um, for me, I, I wanted plastic and, and paper also is good, but you took those off the board.

[00:57:39] So I’m gonna have to go with the housing market cuz uh, I still feel like they can make a big disruption if we can start building some houses and, and kind of get away from cutting down the trees. I think we can make a big difference. And I think the climate aspect and everyone’s screaming, climate can like, we need to help the climate.

[00:57:55] Well, what are we really doing? So if we can start by doing step ones, which seems like a, [00:58:00] an easy way to get started, you know, that would be the route that I would hope that, that we would.

[00:58:05]Leslie Bocskor: I love. I love that. And I’m still thinking about Kell’s comment about the ingredients industry. You’re the, that’s the first time I’ve heard anybody.

[00:58:12] I mean, I’ve been looking at the ingredients industry. There’s a huge ingredients company. They say that they influence a billion lives every day. Um, it’s a company out of, I think Kansas or maybe Iowa. I’m sorry, what McCormicks maybe? Uh, no, it’s a, it’s a family name and I don’t remember it’s a private business.

[00:58:30] And, uh, I remember talking to them and they were interested in, in the hem plant and the cannabis plant to start adding it to their ingredients business. And, um, That really got me thinking, because it’s such a sleeper that people would normally just go by and it’s such a huge part of how commerce exists in the world today.

[00:58:54] PE there are businesses that do nothing but make different ingredients for industry. Yeah. And that is a, [00:59:00] that’s a massive

[00:59:00]Kellan Finney: one. Yeah. That’s a, I mean like the cosmetics industry, right. That’s just, it’s insane. How big, like those,

[00:59:06]Leslie Bocskor: those feature are, who, who knew the fracking industry uses hemp, hemp, uh, uh, uh, hemp based, uh, components as an ingredient.

[00:59:14] Yep.

[00:59:16]Bryan Fields: So Leslie, for our listeners, they wanna get touched. They wanna learn more. Where can they find you?

[00:59:22]Leslie Bocskor: Uh, they can go to, um, my Twitter account, Leslie box score on Twitter. They can find, um, there is a, uh, page on. Facebook Leslie box score. They can find me Leslie box score on LinkedIn. They can go to the electron partners website and they can go obviously to the indoor harvest website, indoor harvest.com, electric partners.com.

[00:59:45] So really those places, electron partners.com, indoor harvest.com, Twitter, LinkedIn, and Facebook are the places to find me. I’m pretty easy to find.

[00:59:54]Bryan Fields: We’ll link those all up on the show notes. Thanks so much for taking the time.

[00:59:57]Leslie Bocskor: It’s this has been a great conversation. [01:00:00] I hope I have a reason to come back.

[01:00:01] Yeah, we’ll have to have you back. Sure. I really enjoyed it. This has been fantastic.

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Editors’ Note: This is the transcript version of the podcast. Please note that due to time and audio constraints, transcription may not be perfect. We encourage you to listen to the podcast, embedded below if you need any clarification. We hope you enjoy!

This week we are joined by Chris Piazza Co-Founder of Cannadevices  to discuss : 

  • How to identify quality glass
  • How they are helping artists
  • Dispelling the myth of the double blown glass
  • and so much more 

About Canna Devices 

CannaDevices was founded by Robert Bank and Chris Piazza to service the fast growing cannabis industry in the United States.  Both local glassblowers of the Chicago suburbs they have had a working partnership for over two decades supporting the local industry of glass blowing and their communities.Experience of over thirty years in glass blowing, retail and the cannabis industry allows us to understand and meet your needs with precision. Moving into today, CannaDevices has become the premier Glass Service Provider in Illinois Dispensaries and growing throughout the country.

At Eighth Revolution (8th Rev) we provide services from capital to cannabinoid and everything in between in the cannabinoid industry.

8th Revolution Cannabinoid Playbook is an Industry-leading report covering the entire cannabis supply chain 

The Dime is a top 50 Cannabis Podcast 

 Contact us directly at [email protected] Bryan Fields: @bryanfields24 Kellan Finney: @Kellan_Finney 


[00:00:00]Bryan Fields: What’s up guys. Welcome back to the episode of the dime I’m Brian Fields. And with me as always is Kellen Finney. And this week we’ve got a very special guest, Chris Piazza co-founder of Canada devices. Chris, thanks for taking the time. How are you doing today?

[00:00:14]Chris Piazza: Oh, not too bad, Brian. Thanks for having me

[00:00:16]Bryan Fields: excited to dive in Kaelin.

[00:00:17]Kellan Finney: How are you? I’m doing really well, you know, looking forward to holding down the west coast and especially looking forward to chatting about the ancillary equipment needed to consume cannabis. You know,

[00:00:27]Bryan Fields: I’m doing well and justice for the record state. Chris is an east coaster. So the record is state-funded on that.

[00:00:34] So Chris, for our listeners that aren’t familiar about, you, can you share a little background about you and how you got into the Canada?

[00:00:40]Chris Piazza: No problem. No problem. So, uh, you know, I started out in, uh, 2008 as a glass floor. I, um, actually learned the trade myself and, uh, you know, did a little bit of traveling around.

[00:00:52] Living in my car. Uh, I’ve just lived in that free life, you know, uh, as a, as a starving artist, pretty much. And, um, moved [00:01:00] back to the east coast, I guess, in Chicago, um, you know, Midwest, east coast, whatever. I just gotta throw it out there. So, uh, moved back to Chicago where my family was and, um, got situated a little bit more, uh, you know, sort of planted some roots.

[00:01:16] Started blowing glass. Uh, with my business partner, he had a, a chain of, um, head shops in the area. We had like a little school going, I got into the scientific glass world. So I did some work with like the DOD and things like that went back off on my own. Um, and then my, uh, My partner, uh, Bob bank, he came to me with an idea, um, to start to build a distribution company for dispensary’s.

[00:01:43] Um, I’d been working in the head shop, smoke shop space for most of my career. And then, uh, we saw this opportunity that there was so much import, uh, Not super high quality glass and dispensary’s, and I have, uh, a [00:02:00] pretty strong network of glassblowers. So we built this company, Canada vices, and the, it started out with a mission to, for one, provide quality products to dispensary’s, but also take care of artists and have they have true full-time opportunity and work.

[00:02:19] Because up until this point, there hadn’t been anybody. And able to provide solid, consistent work as a distributor, it’s sort of intermixed, some distributors did better than others, but, uh, for the most part, as an artist, I never was able to find a distributor that could keep me, keep me working. Um, and so that was our, our main thing artists before.

[00:02:40] Um, now we’re getting into some other products as well, but yeah, so I’ve been in the cannabis space since 2008, um, in other industries that I guess isn’t that long, but in this industry, it’s crazy how many people are like, oh three months. It’s like, wow, cool. Like, I’m glad you’re here. And I know it’s more than three months cause you probably were partaking before you got into it.

[00:02:58] But, um, you know, [00:03:00] uh, yeah, that’s sort of my journey. I’m

[00:03:03]Bryan Fields: fascinated by how you got into glass blowing. Was it something that you did as a child, the ranger interested, certain artists. Qualities and the kind of led you on the path, like take us how one finds that

[00:03:12]Chris Piazza: journey. Well, so, uh, like I just said, a lot of people partake before they get into the industry.

[00:03:19] So I was like 14 and this kid came back from a fish show and, uh, it was, uh, I don’t know, trench coats means something different today than they used to, uh, this get out of trenchcoat though. And he had a whole bunch of pipes and he just started showing all these things off and I was. What is this? So I bought a pipe and, you know, we ditched first period and we went, um, out in the woods and we were just smoking.

[00:03:44] And, uh, I remember it, you know, I obviously, you know, got it. First. I, I passed around and it came back to me and like the light hit it. And I’m just looking at this, I’m getting tingles, just thinking about it. I was like, you know, there’s like four of us sitting around. I saw this piece, it lit up in the sun.[00:04:00]

[00:04:00] I looked around and said, I’m going to fucking make these, excuse me. I don’t know if that’s all right. That’s cool. But I want to make these, this is what I want to do. Everybody’s are all yeah, yeah, yeah, yeah, whatever. Um, then, you know, yeah, it was like a 22 or so. 21 out in Colorado. And before Facebook there were forums and I found a glass forum.

[00:04:24] I put up a post, I said, Hey, I’m, I’m finishing up doing seasonal work at copper mountain, looking for an apprenticeship and, uh, got down. And within 24 hours, I found an apprenticeship and Rowan glass. I always like to throw out some love to him. It’s at R O N E glass, uh, on Instagram. He’s amazing artists.

[00:04:44] He took me under his wing and, um, Yeah, that’s how I got started,

[00:04:48]Kellan Finney: but I mean, with glassblowing, there’s a ton of different items that you can make. Right. Um, but you kind of ended up settling on, on smoking devices. So was it [00:05:00] just kind of that pairing the passion of cannabis and the glass blowing together?

[00:05:04] And it just created that that opportunity is that kind of the, the whole story associated with Y uh, spoken devices where your, your specialty

[00:05:12] okay.

[00:05:13]Chris Piazza: Pretty much, you know, I I’d, I’d been involved, um, in the cannabis industry and different ways, um, you know, sourcing, supplying type of situations. And then, uh, so it was just sort of like a, like a nice transition from there, you know?

[00:05:30] Um, it, it, it was where I, yeah, the industry has always been. I kind of felt my place was what’s the

[00:05:38]Kellan Finney: biggest difference from a glass for like perspective in terms of glowing blowing glass for like spoken devices. Versus you mentioned earlier, you kind of dabbled in the scientific glassblowing sector as well.

[00:05:48] So what are the, some of the differences associated with those two methods?

[00:05:53]Chris Piazza: So actually there’s not as much as you would think. So in, from pipes to, uh, [00:06:00] scientific, those are generally speaking of a bore of silicate blend of some sort, which is a hard glass. Um, the glass. Most pipes came from the scientific glass, uh, raw material.

[00:06:15] Now, when you’re talking about vases and all sorts of other things, like things you’ll, I’m in Vegas right now at the G4 conference. And I’m seeing like the truly exhibits and stuff like that, that’s all what’s called soft glass. And so that’s a totally different animal. That’s like, uh, how I describe it as like oil painting versus like painting with a pencil or, you know, drawing with a pencil.

[00:06:34] Um, but as far as scientific glass, it’s actually very.

[00:06:40]Bryan Fields: I want to stay on like the learning curve associated with that. Right? So your first day of blowing glass, is that something where like it’s a week learning curve, it takes a month or something like you’ve got skills just based on your artistic and you can kind of hit the ground running day one, take us through what the.

[00:06:55]Chris Piazza: Um, so I really went through like the Miyagi school of glass [00:07:00] and that’s how I’ve always taught to like, um, definitely there’s, there’s a level, like I can see someone on their first day if they are going to have an easier time or a harder time to learn it. Right. I think anybody can do anything, you know, and you might not be able to shoot a basketball, like, like Kobe Bryant, Coby, or something like that.

[00:07:21] But like at least. you could Don’t play a pick-up game. Right. So like, I don’t think that, um, there’s like a, you can or can’t, but there’s definitely some level that you can see naturally, um, from the beginning. But yeah, I went through the Miyagi school, man. I, I, I had to put like two rods together. And just put them together.

[00:07:42] And then I had to make marbles and I had to make a jar of marbles and my teacher would pull them out. And if they didn’t roll nice, then they’d throw those out. He’d say, Hey, your jar is not filled because these aren’t marbles, they don’t roll. And then, you know, it was that type of thing. And so back when I started, there was no YouTube.

[00:07:58] You know, training and all this [00:08:00] other stuff. I mean, these kids, these days, it’s crazy. They’re making rigs after six months and that school, some of them are actually nice, but most of them have no fundamental understanding of how glass works and, you know, um, it, it, I don’t know now I just sound like an old, old guy, but, uh, this.

[00:08:20]Bryan Fields: I mean, most people haven’t had their marbles rolled out and said, do it again. Right. Or tune of watching YouTube over and over again. So I’m sure the learning curve, while it probably is steep, but it’s probably super helpful to have, you know, like an established teacher, like you’re saying. So is it, is it easy when you’re looking at glass now to tell the differences between one, let’s say that’s high end versus low end, is it like a noticeable for your eye?

[00:08:41] And can you kind of share some of those, those, those tricks that you had noticed.

[00:08:46]Chris Piazza: Uh, it’s uh, I can, I can try. Um, I can definitely see, you know, I, I can see an important piece from a mile away. Um, they always look basically the same. They, they just, they just look off like, there’s [00:09:00] something just off about it.

[00:09:03] Um, colors are melted in a lack of much color, things like that. Um, as far as a quality piece, like a nice. If you’re looking at like the weld. So the attachment of the mouthpiece and the can, if there’s like extra thickness or if you look at it in the light and there’s any sort of weirdness there, it’s a bad description.

[00:09:27] But if you just, if you pick up a bunch, you’ll see like certain ones have like. Look, it’s glass show should be melted and blended together perfectly. And a quality, a quality weld. There’s no thicknesses. There’s no anything else it’s just clear and you can look right through it. So stuff like that is what I look for.

[00:09:47] And so

[00:09:47]Kellan Finney: you guys, you have a ton of different artists, artists that you work with. Um, you mentioned that, is there a certain vetting process that you have to kind of, that they go through so that they can actually be part of your network? And, and can you walk us through it that, that he processed. [00:10:00]

[00:10:00]Chris Piazza: Oh, no, that’s a great question.

[00:10:01] Um, yeah, so currently we have 65 artists that work for us. Full-time, um, they’re all over the country and, um, we’re shooting to be at a hundred by the end of the year and 300 by 2025. Um, these are full-timers. They literally, we asked them how much do you want. And they tell us a number and we just buy it from them.

[00:10:22] Um, so it’s a pretty cool little setup. They get to pick their own, uh, their own income and everything, as far as the vetting process goes, you know, we, so we have, we have everybody send us samples and then we look at the samples and we compare them to what we have. And if they’re good, Um, I, if they’re not in, they need a little bit of work, then I can step in and help make suggestions and things like that.

[00:10:46] We’re actually building out a full, um, the, the, the bigger we get, the more busy I am, and I’m not at the warehouse or at the studio very often anymore. But what we’re trying to [00:11:00] do is to build out an actual education sort of platform for guys, that guys and gals that, uh, ended up joining the. And so then they’re going to be able to have a whole education platform that, uh, I can present to them, uh, as they get on.

[00:11:15] But yeah, we, we make sure that everything’s to the spec that we need it to be. We have them send in samples. We always pay for the samples. I used to hate it as an artist. Oh, send me some samples, blah, blah, blah. It’s like, dude, I can’t eat. Like I can’t send you a hundred dollars worth of. Like, you know, um, I just can’t do that.

[00:11:33] So we make sure to pay our artists, even for the samples. Um, and we get them onboarded from there. Do they

[00:11:39]Bryan Fields: have creative freedom, freedom to do the designs that they think are best or they get input from you? Because I would assume someone like you who’s established has probably a keen eye for what’s probably going to sell and what’s going to work.

[00:11:49] So how does that process work?

[00:11:51]Chris Piazza: Well, I, I appreciate that little spin you put on that. You know, uh, visit. So essentially this is my product line that I’ve had [00:12:00] for whatever 10 years or so. Um, so what we say is we need that. We need our artists to make our products, um, and then that awards them time to be creative on.

[00:12:16] Right. So when we ask them, how much do you want, how much do you want to make? If they’re like, oh, you know, I’d like to make some creative stuff too. It’s like, okay. So just tell us what you can make in four days. And then you got three days to do whatever you want. Um, and if you are having, if you’re hard up and you need a seven days worth of work for the next few, few weeks or whatever, that’s fine too.

[00:12:37] Um, so yeah, our, our product line is, is, uh, is pretty much everything between my partner. It’s our catalog products. Um, and they need to stay within that range. Did they ever

[00:12:49]Bryan Fields: submit like designs and say, Hey Chris, I think this is really awesome. I think this will sell. And then you have to take a look. Is that part of the creative process at all?

[00:12:57]Chris Piazza: So as of right now, it’s not, uh, the [00:13:00] reason for it is, uh, you know, over here on the east coast. I’m just kidding, but we’re, we’re. We’re really targeted and all these dispensaries, which are a lot larger. Um, we don’t really work with many mom and pop dispensary’s at this point. Most of them are, you know, 3, 5, 10, a hundred locations or, you know, in that range.

[00:13:21] So what’s hard for us is if John Smith has this awesome piece, how many can he actually make? And when I get an order, if it hits. 10 or 20, you know what I mean? Um, so that’s why we have to be real strict as far as how we’re, uh, what, why we’re not, while we’re not able to be super open to these other products, it’s sort of where we’ve, we’ve needed to as a business.

[00:13:50] Expand our product offering. And so that’s where we’ve started to add non glass products, to be able to have something new, um, you know, [00:14:00] grinders, we can source in a very large volume, which is no problem to serve a hundred locations. Right. Um, bringing on a new style of glass from a unique glass boards, uh, a very tricky thing.

[00:14:11] We are in 2023, going to be launching. Like a heady line, essentially, we’re going to call it something different because corporate doesn’t understand, honey. Um, but it’s going to be something where it’s like $500 and up, and then in that case, we will have very limited supply when they’re gone. They’re gone that type of thing.

[00:14:32] Um, but not in the production side.

[00:14:35]Kellan Finney: Do you, I want to stay on the artist aspect. Do you guys have certain artists that like a, these 10 are really, really good at making this specific type of rig and that’s what they focus on and these 10 make this type of rig. And what is that process in terms of like categorizing the artists into those specific categories?

[00:14:51]Chris Piazza: Oh, dude, that was a very intuitive, uh, question right there. Yeah. We like our, like our Fritz spoon, for instance, for our Fred hand pipe, we have [00:15:00] 20. People about 18 to 20 people that make it, um, really it’s sort of a two part thing. One is, Hey, is the quality there? And then we turn it back to the artists and we say, okay, so you can do these byproducts.

[00:15:15] Which ones do you make the most amount of money doing? And if they say it’s going to be product one, two, and three, then they’re going to be put into the first tier of that product. So we really want to make it so the artist gets to decide. As long as their quality is there, then it’s whatever you want to make.

[00:15:31] And so sometimes they’re like, you know what? I’m getting burnt out on that. Can I make this one, even though they don’t make much money on it, they’ll still want to change it up. Totally cool. Um, but mainly it’s, it’s about the artists and certain tour, like certain people that have certain porches, which they’re faster at making certain things, things like that.

[00:15:51] And so, um, we really wanna make sure. Tailored to them.

[00:15:55]Bryan Fields: How did you get in front of the big Ms. Sows? And then what’s that pitch like with the glass [00:16:00] in order to kind of have them stock?

[00:16:03]Chris Piazza: Oh, man. It is, uh, the game is definitely who, you know, um, it’s, it’s a, it’s a good old boys network for sure. Um, so my partner, he was a director of wholesale for one of the large RSOs.

[00:16:19] And so he was. Basically, uh, illegal, uh, legal weed dealer, um, wholesaling to other other dispensary’s. And it just was a pretty natural fit. And his boss at the time was cool with him selling glass on the side. So he was just totally connected to all the right people. And it was just a here’s your weed?

[00:16:42] Would you like glass and. Got us plugged in. We really, we get introduced to purchasers from like the executive level down, rather than having to go into a store and try to talk a bud tender, to talk to a manager, to talk to whatever. Um, so we’ve been very fortunate [00:17:00] in that. And then sort of once we got in, uh, Because it’s such a small network work.

[00:17:06] Everybody knew, you know, those big companies. I mean, in Chicago, we have, I believe it’s four MSOE that all have offices on one block in the city. And so all of them go to lunch together. They’re all friends like, yeah, it’s competition, but like their employees they’re their friends. They don’t care that we always, um, so it, it was a pretty unique there as far as the pitch goes, it’s like, If you want, if you have quality cannabis on your body glass, simple as that.

[00:17:37]Bryan Fields: Wow. When you’re stocking those products, right. Is the dispensary or the bud tender kind of influencing the purchasing manager? Like how does the relationship between all the different dynamics? Right? Because if the bud tender is speaking to the customers, but the purchasing managers kind of like one step removed, it’s kind of interesting dynamic of like each person likes something slightly different.

[00:17:56] So how does the conversation go from selecting the inventory? [00:18:00]

[00:18:01]Chris Piazza: You know, we definitely look a lot more at price point than style. Um, just, you know, the, the corporate side, you know, this is the, you know, the big guy taboo thing to talk about in when it comes to cannabis is the corporate cannabis. But a lot of times we’re looking at price points and then from price point, we can then, okay, Hey, the $15 price points doing strong, let’s try another skew in the $15 price point.

[00:18:28] That sort of thing. Um, budtenders are. Yeah, like you said, they’re the gateway I’m here at the G4 conferences, the budtender awards. Um, you know, I want to be here supporting them and, uh, they’re, they’re, they’re the most important piece of the whole puzzle. Right. And, uh, purchasing managers, they are removed, but they do a lot of communication with their budtenders and, uh, yeah, it’s, uh, there’s just a lot of community.

[00:18:56]Kellan Finney: Is it a one size fits all kind of situation where [00:19:00] the St. Juan MSO has Spencer’s across the country. And they’re just like, all right, every dispensary has this same, same skew, or is it almost like customized based on like geographical region at all?

[00:19:11]Chris Piazza: I, it depends on the company. Some companies, um, we have one company that, uh, They’re going after like the McDonald’s model where, how, how long will it help?

[00:19:22] Can we shave 10 seconds off of a customer to get them through, to, um, you know, through the line or whatever, through the drive-through they’re doing stuff that’s similar to that. So they had 15 skews then they’ve said, no, let’s go down to eight, but double the volume. And so, and then. There their customers or patients aren’t looking around at different pipes.

[00:19:45] Right. Smart. So you have that, right? Exactly. Um, there’s that going on? It’s honestly, all of the above is the answer. Some places like to have the same thing everywhere. Some places like at, based off of how the layout in the dispensary [00:20:00] is. Um, and then some of the state regulations, Florida, um, if you have.

[00:20:06] Two pipes. One is blue and one is clear. They both need to be approved separately. The, the department of health, they’re the same damn thing. They’re both glass, they’re both the same shape. There’s nothing different except for the color, but they need to be separately approved. So Florida dispensary’s, don’t want to be messing around with a whole bunch of different approval stuff.

[00:20:30] Right. So, um, very, very different on, on the legal side, for sure.

[00:20:36]Bryan Fields: Is that on your team to know the differences in all those rules and rags, or is it. Spencer to help that, because I can imagine with all the different states, you have all different challenges, which makes you know, your role a little harder in that.

[00:20:49]Chris Piazza: Yes, both. Perfect. It’s all across the board. Um, yeah, we’re we [00:21:00] need to do our own internal so that we can, um, choose to where we, where we market and where we put our attention. Um, we are very fortunate to be with these large RSOs where, when Florida, uh, about six months ago, they, uh, it was actually September of last year.

[00:21:16] That’s when they opened. Allowing glass to be sold in dispensary’s and our partners told us on Friday, the news came out on Saturday. Right. So a lot of it is relying on, on the big episodes. I mean, they have legal teams that are yeah, probably same amount of as. Mike, my company,

[00:21:38]Bryan Fields: the football team, football teams, long of

[00:21:40]Chris Piazza: players.

[00:21:44] building

[00:21:45]Bryan Fields: what’s the lead time from, let’s say inception idea to finish product for some of those products.

[00:21:51]Chris Piazza: We do our best to warehouse, uh, ahead of time. So we’re trying to forecast, um, forecast manufacturing to [00:22:00] have as close as just-in-time inventory for our customers as we can. Um, it’s definitely. I think there’s certain products that, uh, are in such high demand and very tricky to make.

[00:22:12] So that creates bottlenecks for us. But, um, we’re at about a three to five day ship period for general orders. We also, um, actually have one over there. We also do like custom branded class, so private label, and we can make like hitters, spoons, uh, nectar straws, theme, rollers, chillums all with like the company’s logo on them.

[00:22:38] Initial order of those take about six weeks. And then afterwards it’s about a two week lead time. Cause we bring in all the decals in house, but, uh, that’s, that’s been a big one for us there. Um, for actually. These hitters that have a ceramic decal that’s baked into the glass. So it’s not like a vinyl sticker or anything like that.

[00:22:57] And they’re durable. They’re. [00:23:00] Because even with a lighter, the ceramic doesn’t melt, I mean, a lighter is not that hot. So, uh, it’s a, it’s a great promotional item, but yeah, the lead time starts out a little bit longer, so it depends on what product. Um, yeah,

[00:23:15]Kellan Finney: so it does kind of, uh, those kind of products and say you have artists across all country and they have dispensaries across all countries.

[00:23:22] You already saw, I’ll make it ship it to a central location. And then you guys distributed. Is that kind of the business model associated with it?

[00:23:28]Chris Piazza: Yeah. Yeah. All it comes to Chicago and it goes back out from there. You know, we, you should be you, you, uh, we can have our artists ship direct. Um, it,

[00:23:40]Kellan Finney: I can only imagine

[00:23:44] good stories and

[00:23:45]Bryan Fields: you’re like, Charlie, what is this Charlie?

[00:23:50]Chris Piazza: We had Christmas paper in July in the box, in the bottom of the box, like where did this come from?

[00:23:58]Bryan Fields: I respected, right. He’s a big fan of the [00:24:00] season. Just didn’t want it to end.

[00:24:04]Chris Piazza: Love it.

[00:24:05]Bryan Fields: So, Chris, I heard you on another podcast and you shared a tidbit about what you look for in a bowl between the carb hole and the actual size of the bowl to kind of tell the difference if it’s made well, can you kinda expand on that? And maybe some backstory. Cool.

[00:24:19]Chris Piazza: Yeah, no problem. Um, this goes back to the, the Miyagi school of glass that I went through.

[00:24:24] Um, you know, a pipe is a pipe is a pipe, but you can have one that’s nicer than another. Right. And so, um, really what I, what I was referencing there is his bowl hole. So the part that’s in here to the carb on the side, the bowl hole needs to be smaller than the card. If you’ve ever used a pipe that never seemed to Clear It just, it always was Chalked like, and it just, it just won’t, it would never, it would never clear it’s because your bowl hole was bigger than your carb hole. And if, if you think about the logic, it just makes [00:25:00] sense. That means that the point of least resistance is coming through the bowl. So more air is traveling through there where there’s a burn plant.

[00:25:07] That’s, that’s continuing to, you know, um, continuing to burn. You need that carb hole to be bigger than. Brings in the fresh air and then clears it up.

[00:25:17]Bryan Fields: I’m glad you shared that because I didn’t know that. I’m curious to know if Kellan knows that and then I take it one step further. Like when you go to these smoke shops, I wonder how many of these bowls have it incorrectly?

[00:25:27] Do you have any sort of guests.

[00:25:30]Kellan Finney: A lot, cause I just went spin shopping, and I didn’t know that exact like ratio thing, but I’ve always been a person who doesn’t like a large bowl, just cause like you get Scooby snacks and stuff. Right. But it’s, it’s wild because that is, there is a ton of glass out there when I was just looking at it like a head shop last week, actually.

[00:25:48] And literally there’s a ton of glass out there with just massive bowls. I was looking at it and I was like, No, that’s too big of a hole in there. You know what I mean? Like I’m literally going to have to have like a plug or something in there to stop her up the hole so I can actually [00:26:00] load a bowl. I

[00:26:01]Bryan Fields: can only imagine how many people are going to hear this and immediately go grab their bowl and start looking me.

[00:26:06] This is why it doesn’t work. Right? Like uncle David, you finally figured out what the problem was. The sizing is completely off. So what is one fact or concept about glass blowing that would shock a cannabis.

[00:26:22]Chris Piazza: Well, I’m going to pause for pause for intenseness. You ready? There’s no such thing as double blown.

[00:26:30] You guys ever heard that phrase before? Yes, no such thing. No, such thing. Is it just good mark? It was okay. Brian’s a little uncomfortable. I just

[00:26:41]Bryan Fields: think like I’m thinking now, like, was I sold the hat? What was I sold?

[00:26:48]Chris Piazza: So there was a, as the story goes, it was some head shop out in California that just started saying this I’ve double blown, triple blown card, do a full blown blah, blah, blah, all this stuff.

[00:26:58] So. [00:27:00] What, how, when you start with a pipe, you start with broad material, the thickness of the raw material gauges, how thick the pipes going to be later on now you can take a thin wall then a long piece and condense it down so that it becomes thick. Or you can start with a really thick. And shape a pipe from it.

[00:27:26] The closest thing to double blown is if you see pipes that are there, they’re full colored. There’s a bunch of lines in them. How that’s done is there’s a clear tube on the inside and then color rods, glass rods that are color on the outside, and then an outside layer of clear and that’s all melted together, but it’s still.

[00:27:50] Wall of glass. So yeah, that phrase is just not true. There is no such thing. And then I asked, what is double block? Like, what is double [00:28:00] block? What would it even mean? Like I blow it out once and then I blow it out again. Like it does. So when you think about it, it doesn’t make sense to, but yeah, so that’s the, hopefully nobody’s that uncomfortable.

[00:28:13] It’s a

[00:28:13]Bryan Fields: good, it’s a good marketing phrase, right? There’s probably a few people are removing items from their shelves.

[00:28:19]Chris Piazza: It’s not going to work

[00:28:20]Bryan Fields: anymore. What is, what is scientific glass?

[00:28:25]Chris Piazza: So I was doing, uh, x-ray tubes for, um, for GE and then I did some work for the DOD. Um, essentially it is. The, I was making the tubes that go, when you go to the dentist and you get like the, uh, the x-rays on your teeth, there’s a ball that does that.

[00:28:47] And I had to make those because they’re made on a lathe of bite human, who I by a person. And so, um, I could get super technical, but basically, uh, extremely [00:29:00] fine, detailed spacing, all this stuff. Angles need to be perfectly right. That was the stuff that I was doing in the scientific world. Yeah. Um, I was

[00:29:11]Bryan Fields: unfamiliar with that.

[00:29:12] Kevin, were you aware of those?

[00:29:13]Kellan Finney: Yeah. Besides that side to the class. It’s like, well, a lot of glass wearing came from like the science world and like most chemists when they were trained to be a chemist 50 years ago, they were trained blow glass. And so like being a chemist or a scientist, you would learn to blow glass because in order to do all these crazy scientific experiments, the number one media, it’s all done in his class because it’s inert.

[00:29:36] And so like blowing glass and doing science has been hand in hand. So. At the beginning of time. And I mean, it’s one of the most, uh, it still is probably the most, um, hands-on, um, trait, right? Because you can’t automate class boy from a scientific perspective, at least, uh, at least to my knowledge still to this day, it’s all like every, like if everyone in the industry that’s an operator right now.[00:30:00]

[00:30:00] Round bottom flask, that’s on a white, still a white distillation system, like a Pope or a VTS or whatever. All of those are. Hand-blown all of the glass columns that do the distillation are all. Hand-blown the amount of scientific glass that permeate like glass and cannabis, especially nowadays with how much standard, uh, science is going on.

[00:30:19] And all of that is they just go hand in hand. It permeates the industry

[00:30:23]Chris Piazza: so much. You’re spot on. That was an, that was an I w I want to change my answer to what he said

[00:30:33]Bryan Fields: was the chemist and him writing.

[00:30:39]Chris Piazza: We could have talked a little bit more about the electrons and everything else.

[00:30:44]Kellan Finney: We can still do that nerd out hall if you want.

[00:30:49]Chris Piazza: It was pretty cool. Yeah. That was what we were doing. So we were shooting. Like it was an electrical charge that would show. From one side and then it would reflect off of a titanium disk [00:31:00] and it would knock off one of the electrons.

[00:31:01] And that’s how you create the, uh, um, the x-ray from like, yeah, I don’t know. It’s been a long time since I’ve gone down this rabbit hole,

[00:31:11]Kellan Finney: the how, like how the temperature of the glass and all that stuff affects like how the light travels through it. It’s insane. How, like the amount of attention to detail assigned to the class requires is phenomenal.

[00:31:21] Right? Mad respect for anyone that can do it.

[00:31:25]Chris Piazza: In my opinion, I’ll shoot you a picture of, uh, of one. When I get back into town, I would love that.

[00:31:31]Kellan Finney: Thank you,

[00:31:33]Bryan Fields: Chris. Since you’ve been in the cabinet industry, what has been the biggest misconduct?

[00:31:39]Chris Piazza: Huh that it’s bad for you.

[00:31:46] Um, yeah. You know that, uh, I think that’s, I mean, I don’t know what else to say. That would be the one that my dad he’s a he’s 76 and for the longest time he was so against it. But when I start to [00:32:00] hear it, Changed his mind. It’s, that’s pretty cool. You know? Um, and, uh, I don’t know, just thinking a lot about that.

[00:32:08]Bryan Fields: Yeah. That’s really well said for, we do predictions. We ask all of our guests, if you could sum up your experience in a main takeaway or lesson learned to pass on to the next generation, what would it be?

[00:32:20]Chris Piazza: Hmm, we have a, if you have a good idea, sometimes timing is more important than the idea. So don’t let.

[00:32:30]Bryan Fields: Nice. We haven’t had that one. That’s a, that’s a really good, yeah. All right. Prediction time, Chris. It’s 2030. What percentage of cannabis? Flower consumers will own the glass piece.

[00:32:45]Chris Piazza: Whoa.

[00:32:48] 75.

[00:32:51]Kellan Finney: Kelly a Honda. I think, I mean, I just think that consuming cannabis goes hand in hand with owning glass and they may, [00:33:00] they may not use the glass every, every day. They might prefer vaporizing it or like using a volcano or something like that. But they’ll, they’ll, they’ll definitely own a glass piece. I mean, it’s just as part of cannabis consumption and.

[00:33:14] Sorry,

[00:33:15]Chris Piazza: go ahead. Can you send us your resume by, by chance

[00:33:21]Kellan Finney: you got it? I don’t know if

[00:33:23]Bryan Fields: I’d say a hundred, right? Like of course a hundred is, is never the one that would take, but I was going to say probably four out of five, right? I think around 80% of people will have that. I think it’s just a cleaner experience plus it’s fast, but I think that there’s some people who consume.

[00:33:37] Who enjoy the process of just the rolling experience. And I think you never going to take that away from them, but I think they might have a glass piece of the same aspect for those times where they don’t want to roll it. So I think for sure, as we continue to progress forward and becomes, you know, a way more traditional mechanism, I think it will become very popular.

[00:33:56]Kellan Finney: One more question. This is, I don’t know why we didn’t ask this book [00:34:00] sooner. I’ve always been curious about the ball jar manufacturing. Method, how complex is it? Is it really like bat crazy that they’re like, what makes ball jars? Cause like ballparks, every one of the whole industry uses ball charts, but, and ball, I mean, they started an aerospace company because their glass manufacturing capabilities.

[00:34:18] Is there something special about that in terms of how they manufacture their targets?

[00:34:21]Chris Piazza: Honestly, I wish I could give you more. I that’s one that I don’t know a ton about. So I don’t, I like to speak on things that I know I don’t like to, you know, so, um, Yeah, no. I mean

[00:34:32]Kellan Finney: like, cause like ball jars and Curt guards, there’s only those two brands.

[00:34:35] And I mean, like I cannot even imagine how much money ball makes from the industry. Just, I mean, like everyone uses ball jars,

[00:34:45]Chris Piazza: I would say Majesta. So I just, I wouldn’t speak on it, but I would, I would assume that it had something to do more about the ceiling side than it had to do about the glass itself.

[00:34:55] Yeah.

[00:34:55]Kellan Finney: I mean, Who is like every single jar is within like two or three grams of each other when you [00:35:00] tear them. So it’s a very accurate manufacturing process that they have dialed down for sure.

[00:35:05]Chris Piazza: Nice. Nice. All right. That was my last question.

[00:35:08]Bryan Fields: That’s something that never kind of, uh, popped in my head. So I’m glad you got a chance to share that.

[00:35:14] So Chris, for our listeners, they want to get in touch. They want to learn more. Where can they find you in your.

[00:35:19]Chris Piazza: So Canon devices.com, C a N N a D E V I C S. Um, that’s the best place. There’s a little, a contact form. If there’s any questions or any of that, um, you know, uh, Instagram, Canon devices, and then, uh, I’m on LinkedIn.

[00:35:37] Chris Piazza. I believe it’s crispy. AZA. I L um, yeah, just change my profile picture. So I’ll actually look like this a little bit more nice short hair hold on. Was like along like, yeah, but, um, LinkedIn is a good place for it and, uh, yeah, that’s about it. Cool. We’ll link it all up

[00:35:56]Bryan Fields: in the show notes. Thanks for taking the time, Chris.

[00:35:58]Chris Piazza: Awesome. Well, thank you guys for the [00:36:00] opportunity. Absolutely.

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This week we are joined by Socrates Rosenfeld CEO and Founder of Jane Technologies, Inc. to discuss: 

  • How Jane is optimizing Dispensary Experience 
  • Personalizing Cannabis as Spotify does for music 
  • How 1$ invested in Jane returns 7$ for the brand 

Jane Technologies, Inc.’s digital ordering and delivery programs connect cannabis brands to the on-demand world. Our platform allows customers to place orders directly into the dispensary through all order origination points – from a dispensary’s own website, a brand’s own website, third-party marketplaces, and iheartjane.com. Jane also provides dispensaries and brands with analytics and advertising services. We believe in the cannabis industry’s ability to bring well-being, health, and love into this world, and it is our mission to bring confidence to the cannabis shopping experience.

https://www.iheartjane.com/
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At Eighth Revolution (8th Rev) we provide services from capital to cannabinoid and everything in between in the cannabinoid industry.

8th Revolution Cannabinoid Playbook is an Industry-leading report covering the entire cannabis supply chain 

The Dime is a top 50 Cannabis Podcast 

 Contact us directly at [email protected] Bryan Fields: @bryanfields24 Kellan Finney: @Kellan_Finney 


[00:00:00]Bryan Fields: What’s up guys. Welcome back to the episode of the dime I’m Brian Fields. I’m with me as always as ke Finney. And this week we’ve got a very special guest Socrates Rosenfeld, CEO, and co-founder of Jane technologies. So thanks for taking the time, how you doing

[00:00:14]Socrates Rosenfeld: today? Doing well, brother. Great to great to be on with you and Brian Kellen, then

[00:00:18]Bryan Fields: glad to connect.

[00:00:19] And four of the record, your

[00:00:21]Socrates Rosenfeld: location, sunny Santa Cruz, California. This warm day today. You guys are feeling on the east coast though now.

[00:00:29]Bryan Fields: Yeah. Shout out to ke for another west coasters in a hat, but I think the scale still remains on the east coast. So can we get a little background about you for our listeners were unfamiliar?

[00:00:39]Socrates Rosenfeld: Sure. I grew up in, in Boston. So east coast roots now live in Santa Cruz. I was in the army for a while. From 18 to 30. I was I flew helicopters in the army. Got out of the service, went back home to Boston to go to grad school. And it was the first time I actually consumed cannabis. It helped me really come back home, fully, [00:01:00] find my balance, connect with my loved ones and ultimately set me on a path to heal from my time in the military.

[00:01:04] And then, we all have healing to do growing up, et cetera. Became very passionate about the plant. During my time at grad school at MIT. I graduated, met my co-founders there along with my brother. Who’s an engineer. And we all shared a real passion for the plant and what it was doing.

[00:01:20] Not only for myself, but other veterans and people that we knew. The more research we did, the more we discovered that this plant was actually helping people. And shifted out to Silicon valley, did some consulting for for tech companies all the while, thinking about how could we help this industry that was just starting out in 20 15, 20 16.

[00:01:39] And our big push was was making, shopping online for cannabis as good, or if not better than shopping online for anything else in this world. And then we decided to go and do it and Launched a product in 20 17th of April. And haven’t looked back since man, it’s been a trip of the lifetime truly.

[00:01:55] And now, about 180 employees, we power about 3000 [00:02:00] operators in the industry and continuing the mission to provide access to a plant that helps a lot of people,

[00:02:05]Bryan Fields: any hesitation to take your background and credentials from where you were, and then move into the

[00:02:13]Socrates Rosenfeld: cannabis space, there was an initial what am I doing with my life kind of deal?

[00:02:17] I went to, these quote unquote prestigious universities. I was consulting for this company, this firm called McKinsey. And I, number one, I wanna start my own company, which was crazy. Cause I’m, I’m not an engineer. I. Consultant was the closest thing I got to business. And then on top of that to do it in a federally illegal industry, and at the time it was pretty, not scary, but it was uncertain of Hey, am I gonna go to jail for this?

[00:02:43] But really what drove me, Brian was the truth. And when you taste the truth, when you feel it, and I felt it with cannabis, if this helped. And the more I people I talked to who used this plant as a medicine, it helped them out a, after that it, everything was [00:03:00] simple and it said, cool, this is where I want to go.

[00:03:02] And we’ll see what happens with my career. We’ll see what happens, with the Le legality of this. But. At the end of the day what matters is pursuing the truth, in my opinion. And for me, the truth was, Hey, this plant helps people. And I wanted to do some part in helping have this plant reach the mainstream and that, that passion hasn’t stopped.

[00:03:24] And in fact, it’s I have a lot of team members here at HQ for an offsite onsite and they share that exact same passion people who I have never even actually. They’re here signed up for that same mission. So it’s fun. And yeah, I don’t think about it too much anymore. It’s all about the mission now and pursue it.

[00:03:39] Pursuit of the.

[00:03:40]Kellan Finney: I’m a, I wanna dive a little bit into kind of the inception of the idea was that originated from kind of some of the stigma that’s associated with actually going to a dispensary and walking in there to actually go pick out the cannabis where you’re thinking like, Hey, we create this platform where you can from the comfort of your own house, go through, explore all the products and then [00:04:00] like help curb that cultural stigma associated with getting your feet wet with

[00:04:03]Socrates Rosenfeld: cannabis.

[00:04:04] You, I was first exposed to cannabis in California, where it was, it mainstream. Yeah. Relatively mainstream. That was a consideration ke really what it was though was I was I was a sorry consultant. And I say that, tongue in cheek a little bit. Yeah. Flying out Monday morning, sometimes Sunday afternoons, which cuz you know, why not?

[00:04:28] To go to some meeting and I’m out, in the hotel I get back on Thursday night and man, I had no time. So everything was like, cool, I got a book of flight. I’m gonna do that for my phone. I gotta find a place to stay. Cool. I’m gonna get on Airbnb. I need to buy like a, set of headphones.

[00:04:46] Cool. I’m going on Amazon, right? Or I gotta get a meal for my team. Cool. I’m going on door dash. Everything I was doing as a consumer. Gave me this sense of purchasing power, right? I could [00:05:00] search for stuff broader, specific. I could re get, read like real reviews from people who stayed at the Airbnb house.

[00:05:07] Like how helpful is that? I could read reviews from people who were like using their, the same headphones that I was gonna purchase and hear here there real verified. You could get recommendations from algorithms that knew exactly who I was and how I shopped. And I could, you could compare by price.

[00:05:24] You could decide what delivery time you wanted. All those things. I was like, my God, this is so convenient. And then I would come home on the weekends and I would try to purchase cannabis online. And it was like, I was back in 1990. With MapQuest and asked GEs, it was pretty archaic.

[00:05:40] And and no fault to the industry. It just, it was it, the regulations didn’t allow for it. And now we timed it. We get lucky with timing that states like Colorado and Oregon and Washington, California started opening up. And we made this bet, this hypothesis that the people.

[00:05:59][00:06:00] In 20 22, 20 23 and beyond would expect, not want, but expect a online shopping experience that replicated that of any other platform that you use to buy anything online. And we set forth to do that. Easier said than done. I’ll say because, and I won’t nerd out with you guys just yet, but like the data’s really dirty and the integrations we’re lacking.

[00:06:23] And thank God for the team that we have, particularly my brother who came outta MIT and you had to connect systems, and that was the issue that had played the industry for a long time, while was like, you had this software system and this software system and that one, nothing was connected.

[00:06:40] And that’s why you as a consumer, you couldn’t really have the seamless experience. We, think of Jane as that connective tissue that brings all these disparate systems together on a single platform to allow consumers to find any product that they want to search. However, they want to compare by price, to read, verify reviews, to get the curated personalized recommendations.

[00:06:59][00:07:00] And we’re just getting started, man. But yeah, that’s how it got started. It’s more about convenience, but now that you say that Kell as, as well was. Now we have, people like my mother who were very intimidated walking into a dispensary and now can do the research, read about how consumers re relate to a certain product, find out her delivery times, read about the store and then place an order which is really exciting to see.

[00:07:24] It’s great. And it’s, I will I’ll ramble just for a little bit longer is in researching the other software platforms out there. And I’m not trying to throw shade, but it and I won’t name any specifically, but usually it’s the tech platform and I’m not talking about cannabis specific.

[00:07:40] I’m talking about outside of cannabis. It’s usually you see the tech platform, quote, unquote win, and everybody else loses the restaurants, lose the brands lose. So on and so forth. And we made a promise to ourselves that we love and respect this plant too much [00:08:00] to gouge retailers and brands or undercut them or withhold data or all that, in my opinion, bad business practice.

[00:08:09] We said, Hey let’s get rid of that. Let’s take care of our our partners here. And then we’ll see what happens. But really what we want to do is continue to get big, continue to gain more market share, but do it in a way that we can prove to the world technology and analog can actually work together rather than technology eating the analog business and getting rid of the analog business, IE ghost kitchens, right?

[00:08:33] It’s not, that’s not helping restaurants out and that’s not what we are ever gonna do, cuz we want to take care of this plant and the best way we know how to do it is take care of the retailers and brands who.

[00:08:42]Bryan Fields: Before we dive into, I heard Jane, I wanna stay with the original business plan, given your background.

[00:08:47] I’m sure it was detailed and tactful. And unfortunately in cannabis, there are obstacles everywhere. So yeah, when you first got started is the company the way you had foresaw it halfway pivoted in which direction and what obstacle led you in those moments of taking [00:09:00] that hard.

[00:09:00]Socrates Rosenfeld: Pivot.

[00:09:01] That’s a great question. And it’s a great, yeah, it’s just building on what I, what we were talking about just now we were anchored by the door dashes and the the Amazons of the world where we thought, the only place where consumers can go to shop is at this, these aggregated marketplaces.

[00:09:18] But what we quickly realized was that if we wanted to be good partners to our stores, We actually had to make the shopping experience at the specific stores online ecosystem, as good in my opinion should be better than our marketplace. Cause we really wanted to take care of them, ultimately cuz quite frankly, number one, we thought it was the right thing to do with our thesis and our vision of kind of bringing the supply side into our marketplace.

[00:09:46] But number two that’s where cannabis. That’s where people find their cannabis is at their local. I’m sure you guys have it telling you’re out in Colorado. Yeah. Brian coming to you soon, man. Yes, hopefully. Hopefully. Yeah, hopefully. But you got a local guy I’m sure. There’s a cell.

[00:09:59][00:10:00] There’s a, Hey, I’m connected to my seller. It’s like a grocery store. You go local. Like I have my local new leaf here in Santa Cruz that I know the aisles and I know all that stuff. So we initially, when we launched, we didn’t have any software. To help the first party ecosystem for that store, their website.

[00:10:18] And now we really, I wouldn’t call it a pivot, but we reshifted our focus to say, Hey, let’s go be the digital infrastructure for these retailers and brands. So now we have things like in-store kiosks and headless eCommerce, and we’re doing some very interesting things with digital merchandising for the brands.

[00:10:36] That will always be the case. And that was a wonderful learning for us. We felt very lucky to have that learning up front, say, Hey, you’re not just building a marketplace for Jane you’re building software to enable thousands and thousands of retailers. And I’m grateful that we heard that lesson loud and clear and That was very early on.

[00:10:53] So that was I think a pretty pivotal moment in, in the company’s evolution.

[00:10:56]Bryan Fields: Yeah. And I appreciate you sharing that. So let’s dive into some of the specifics. Can you [00:11:00] give us from a high level perspective, the value that Jane brings to the cannabis industry?

[00:11:07]Socrates Rosenfeld: That’s good question. I should probably have some stock answer lined up. I don’t it’s better that you don’t yeah. Yeah. I agree with you. So let’s break it down. For stores retailers, right? What we provide for them is an automated e-commerce system where they can take on average, a store has about 700 skews that sits on their, that sit on their dispensary store shelves.

[00:11:28] We’ll take all that merchandise. We’ll cleanse it. Meaning we’ll standardize the taxonomy. Here’s the serving size. Here’s the category. Here’s a lineage, et cetera. We’ll put content around it, photos, descriptions directly from the brands, and then we’ll load that up. This is all happening in real time.

[00:11:44] We’ll load that up onto a menu for their website. And we’ll also take their merchandise and we’ll push it to Leafly. We’ll push it to different points of online order origination, our own app, et cetera. And these stores don’t have to do anything about it. So that’s our kind of core value [00:12:00] prop to the.

[00:12:01] In addition to that, we can tell them exactly how their products move and perform, not a brand, not a category, but a specific individual skew. We could say, Hey, people buy these SKUs this often, water mill and flavored fill in the blank, gummy brand their price sensitivity. They’re willing to spend X amount for this.

[00:12:21] If people who buy this also buy this product. So you might wanna bundle that stuff. We’re trying to take data. That, has you need a McKenzie consultant to break down and automatically transform that into actionable insights for these stores to take action on for brands, we allow the brands to automate their content.

[00:12:42] So they’ll update their new photo or description of their new product. And that will permeate across 3000 store menus automatically. So they don’t have to send a store like, Hey, use our new photo, use our new logo, use this asset. It’ll be automatic. In addition to that, what we allow for them to do is digitally merchandise, [00:13:00] their products, meaning.

[00:13:02] You were walked down like a grocery store, snack aisle, and like lace potato chips at eye level. Every time that’s a shelving slotting fee. They call it. Now we can digitize. So we can take all the brands out here and we can push them up to the top of the menu or eye level for Brian.

[00:13:20] Because we know Bryan is gluten free and he loves edibles and he shops edibles 14 times whatever a year. Guess what, when Brian sees a menu, we’ll take that. Yeah. At a zero on that. We’ll we’ll take that brand who wants to advertise to people like Bryan and we’ll push that up to good.

[00:13:37] You. Decision points across the buying behavior. That’s wonderful for the brand drives conversion way up over 400% increase in conversion. It returns a in on their investment on average about we think not, we think we know on average it’s $7 for every dollar spent on our program.

[00:13:56] We’ll give them back $7 in the form of a sale. You wanna say that one more [00:14:00] time? Yeah. So $1 invested into the program. On average, spits back $7 back to the brand in the form of a sale. So this is a, you could call in arbitrage and we can actually prove this out with our data, because we can watch how customers shop and we’re like, Hey, we showed them this product and they actually bought it.

[00:14:18] And to be very clear, it’s not I don’t I don’t really consume extracts live resin and things like that. So I’ll never see an advertisement for live rosin but Kelly, who might be. Really into dabs when he sees a menu, that’s what will show. So we’re trying to get more and more curated.

[00:14:36] Our goal is to be more personalized than Spotify is for your music. So that’s the goal. We had a long way to go, but good. Early start there. And then lastly, for the consumer, what we’re able to do is exactly what we talked about. We give them purchasing power. We give them education. We give them verified reviews.

[00:14:51] We have over. Million verified reviews from customers all over the country. Talking about specific products that you’re looking at. We’re gonna have [00:15:00] personalization and a curated playlist of products specific just for you. There’s gonna be some very interesting things that we’re gonna bring to market here over the next year or two, in terms of just connecting consumers with the brands that they.

[00:15:12] And the stores that they love and that’s all we’re trying to do. Think of Jane again, just being that invisible tissue, that’s connecting the store with the customer and the customer with the brand, et cetera, et cetera. Tho those are the value props or at least the core value propositions that, that we bring to the industry.

[00:15:27] And again, we’re just getting started, man. So it’s a lot of.

[00:15:30]Bryan Fields: Personalized experience I think is gonna be so invaluable because for me, I’m an edible purchaser, right? So I can imagine what Juan or wild would be willing to pay because I’m there to purchase edibles. I am here to purchase edibles and if they can be positioned first and they have like maybe a slight sale, boom, it’s gonna go in the card and I’m a hundred percent gonna do that.

[00:15:48] And then we talk about like brand loyalty and how it’s still so new, establishing that current presence and locking down those early consumers. People make those decisions. They find a product they like, and they likely will continue [00:16:00] to try those products in the future. So I can’t even imagine, how that conversation with them go on.

[00:16:04] As we’re talking about trying to establish, brand, staying power over the future.

[00:16:08]Socrates Rosenfeld: E exactly. And you go back to that grocery store aisle that, that shelf doesn’t move and that shelf is fixed. And so you only have one brand that can occupy that space. And let’s say I walk down the aisle and I hate potato chips.

[00:16:22] Which is a lie who doesn’t like potato chips, but let’s say you look popcorn or pretzels. Man, I can’t find my popcorn or pretzels because it’s not at eye level. It’s not as convenient for me. The store doesn’t get the sale. The brand just wasted money advertising. The digital world, the shelves aren’t fixed and the shelves are infinite and the shelves can move up and down.

[00:16:42] And now we can have little brands say, Hey, I’m a beverage company. And I just want to target this niche of customers, right? Or, Hey, I’m a woman’s health company. I wanna target the specific niche that, that woman’s health company is not gonna pay the dollars to be the top shelf of a [00:17:00] physical storefront, across thousands of stores.

[00:17:02] It’s very expensive that’s only why you see Budweiser and Coors light and all those occupying that, that shelf space. We’re trying to democratize that. And we’re trying to. That’s how to democratize. Here’s another buzzword. We’re trying to optimize that so that we can optimize the ROI for that brand.

[00:17:20] We can optimize the conversion for the store and we can optimize the experience for the customer. So it’s not just fixed and you don’t just see the Budweiser of cannabis at eye level everywhere you go. That’s all we’re trying to do. And we think we think we, we have the right infrastructure, the right.

[00:17:34] Kind of data cleanliness to be able to do this. And we’re proving this out to the market. It’s really exciting then. I think the

[00:17:39]Kellan Finney: other thing is your software travels, right? So say I’m a big brand in Nevada and I’m looking to expand in a new market, like New Jersey instead of having to go put boots on the ground and get into all leads, dispensaries, and play that kind of shelf space game.

[00:17:53] They already have a relationship with you. They give your team a call and it’s pretty seamless. Correct?

[00:17:57]Socrates Rosenfeld: Bingo.

[00:17:59]Bryan Fields: One of, one of [00:18:00] the challenges that we’ve heard is that walking into a dispensary, the bud tender consumer relationship is so paramount, obviously shopping online. There’s no bud tender. So how does your team help alleviate those challenges for consumer who thinks they know what they want, but it just really has no

[00:18:16]Socrates Rosenfeld: idea.

[00:18:17] Yes. Great question. So a few things on that. Number one, the bud tenderers are. Not all bud tenderers, but most bud tenderers are pretty, it’s a pretty special role. If you think about it ever go I don’t drink anymore. But it’d be not too dissimilar to go. And it’s different cuz alcohol, in my opinion is not in medicine, but it like no one’s going to a bartender and be like, Hey man, I’m having trouble sleeping.

[00:18:39] Can you help me? They might, it just not, might be the right way to do it. Yeah. Yeah. You might get to sleep. You’re not gonna have a great time waking up, but but here you have a bud tender. That’s like working retail, which if you’ve ever worked, retail is not easy. Plus you have to have product knowledge to help a consumer decide on their wellbeing, [00:19:00] right?

[00:19:00] Not Hey, does this shirt look good on me? It’s Hey, I I have arthritis. What’s the product that’s gonna help relieve my pain and make me feel okay. And we’re talking like surface of there’s more heavier conditions. So a button needs to be prepped with that. So what we wanna do is take our software and actually empower bud tenderers to make really smart recommendations based on data.

[00:19:24] So there’s no reason why. If Brian, you walk into the store and I’m a bud tenderer, I’m using Jane’s software and you check in, I can be like, cool. Here’s Brian’s shopping history. Here’s his favorite brands. And now Jane’s gonna help me create this curated list of products that I can inform and educate Brian with.

[00:19:45] That’s pretty powerful. So by no means, are we thinking, Hey, let’s get let’s technology should replace the bartender. We think the technology should augment and empower the bud tenderer and make even smarter personalized recommendations. If you’re going pure online, [00:20:00] man, I, you guys use Spotify.

[00:20:04] Love Spotify. We love Spotify, not just cuz we play our favorite Kendrick Lamar song. But when I play Kendrick and I say, Hey, make me a radio station off this. Or I like it and now they’re gonna build playlists off this. That’s why we keep coming back and cannabis.

[00:20:21] And I’ve said this before, so apologize if I repeat myself, but I I I don’t know. I dig this analogy. Cannabis is less like alcohol, more like music, if you and I drink a Coors light, we’re just gonna, I don’t have, I have zero tolerance. So I, if I drink half a can of course, light, I wouldn’t be able to drive, but we feel the same way.

[00:20:38] But if you consume Santa Cruz veterans Alliance, grown kosher cush really rich, and me and I consume it. Now we’re gonna react to it differently. And so I want to have as a consumer, that real personalization to say, yo, I love this product. Or actually, no, it did not help me go. So gimme anxiety, show me something else.

[00:20:59] That’s what we’re [00:21:00] trying to build. And we think we can, we are best positioned to do that. Cuz we’ve seen eh, 50, 60, 70 million orders go through our system and we can connect those dots. And so let us build these playlists for you. And that will be coming here very soon. Not only just for.

[00:21:16] Marketplace. But now put it in the hands of the bud. Tenderer Hey, and put it on the actual stores online menu. We think that’s pretty cool. And we’re excited to bring that to market here soon. I think that’s

[00:21:26]Bryan Fields: underrated in the importance that’s needed for mass adoption because yeah. You speak to people here.

[00:21:30] At least around me, they’ve had previous experiences with cannabis. A lot of them have had bad experiences because they got anxious. Yeah. And then even unaware that there are other products out. That aren’t gonna do that. They just assume this is what cannabis is, because this is their experience. And they’re almost hesitant to consider trying again, without that fear, because they had such a poor experience.

[00:21:49] So if we can get there, it would be such an unlocker for mass amount of people. And I always go back to my mom who calls it is this scary pot. It’s like mom, like I hope not

[00:21:58]Socrates Rosenfeld: like nobody wants to see, oh man. Is [00:22:00] that is that Ben’s. That’s Ben’s

[00:22:01]Bryan Fields: aunt. Yeah. That’s oh shout out to Ben.

[00:22:04]Socrates Rosenfeld: shout out to Ben. Shout out to Ben’s aunt, your mom, but that’s it. She doesn’t listen. she doesn’t

[00:22:11]Bryan Fields: listen, but thanks for that. All right. What is one challenge operating in the cannabis space that would shock or surprise the outside industry? Ooh,

[00:22:26]Socrates Rosenfeld: I, man, it shocked me. I entered this space in 2015, no idea what I was doing. And I was so blessed to be able to meet guys like Dennis Perone and Steve DeAngelo and Val down here in, in Santa Cruz, veterans Alliance. And the reason why I feel very lucky to have done that is there was a they were.

[00:22:51] They were the founders of this legal industry. They were the ones getting arrested. They were the ones getting beat up by cops. They were the ones getting ostracized by society [00:23:00] to fight like Dennis Perone was a Vietnam veteran who fought for the right, for his folks who were essentially dying of aids to give them some relief on their way in, into the next chapter.

[00:23:13] And he won 30 years. No, like you go into any store right now and you’re like, Hey, who’s Dennis Parone. They don’t even know. So what was surprising to me was how quickly and yes, cannabis is a CPG item and I get it. We gotta package this up for the mainstream. I get it. But let’s not forget that what, we’re not selling cheeseburgers.

[00:23:36] We’re not selling Pepsi Cola. This is a plant and it’s a plant that helps a lot of people. It’s a medicine, it’s been a medicine for millennia. Like we, I, we don’t have to get on our high horse and do this, cuz there’s no way, this is gonna make it into the mainstream, but I think there’s a way to get it into the mainstream without losing our sense of spirit, the spirit of the industry, the spirit of the [00:24:00] plant and those who know no.

[00:24:02] And we. We remain committed to that at Jane to make sure that we do not forget what we are selling and why we’re here. Cause if you lose sight of that, man, you turn out like every other industry and it’s just gonna Whit down to how cheap can we make this product and push it onto people when the plant won’t let that happen, in my opinion.

[00:24:25] And so those that realize that and protect the integrity of the. Are the ones we wanna partner with, but I’ve been surprised that people just don’t care about that or just not knowledgeable about it. And I hope they do educate themselves before they take a step into this industry, cuz it’s a special industry and we don’t wanna lose that in

[00:24:43]Bryan Fields: the military.

[00:24:43] You are trained to minimize uncertainty in cannabis. Everything is uncertain. How do you balance both sides?

[00:24:52]Socrates Rosenfeld: Let go. I’ve been I’ve I’ve dabbled in psychedelics. And if you’ve ever been on a psychedelic trip, a real, [00:25:00] like a real one, you realize that shit gets very uncertain. You’re like, whoa, I and SAR, swearing, but your mom’s not listening anyway, so it’s okay. Yeah, we it’s. But the more you dwell on the uncertainty and obsess about it and try to make the UNC certain you’re gonna go crazy. And the more you let go of the uncertainty, cuz uncertainty is just assumptions for the future.

[00:25:24] What is this? What if that, what about this? What about that? If you’re doing that cool. There’s a time and place for that. Like, all right guys, we’re gonna put together a plan. Cool. Now let’s live in the future and game plan. But not have it buzz in the back of your head 24 7. So I, and it’s a practice man.

[00:25:41] Some days are better than others where I’ve just learned to just not believe what’s in my head with all the uncertainty in the, what is, and just be here on this podcast with you on my next meeting, be there, right? If I’m talking about product, let me be there. Cuz too much in this world is Hey, what about this in the future?

[00:25:59] And that [00:26:00] yeah, plant medicine has taught me to let go. And that’s how I’ve been dealing with uncertainty. Not turn away, not ignore it, but embrace it. Be like, yeah, cool. I have no, I people ask me all the time. What how’s Jane gonna turn out? I will actually say, sorry man, for rambling, but this is what I do.

[00:26:15] No. They taught me this at business school and I thought it was. I’m gonna say it. I thought it was dumb. Okay. They said every entrepreneur needs to know what their exit is before they get in the game.

[00:26:30] Okay. That’s crazy to me. That’s yeah, cool. I’m gonna do this podcast. This is exactly how I’m gonna end. This is how it’s gonna wrap up. How boring is that? We’re gonna start a company to IPO. What about the in between that’s where the that’s where the beauty is. So in my opinion is don’t worry about the exit, worry about the mission.

[00:26:50] What do you want to do for this world? Focus on that and be able to dance with the lefts and the rights and the ups and the downs to get there. That’s the [00:27:00] dance. It’s never a straight line, right? We’ve all seen that weird graphic on Reddit. It’s the. And letting go is a practice. Let go.

[00:27:08] So that’s what I’ve been trying to practice. And again, some days are better than others, but yeah, letting go, man is is fun, scary and exciting. And, but it’s certainly not boring. And if I told you my sister just had a baby shout out to Marcella my nephew. Congratulations. Thanks man. It was the easiest job I ever had to do.

[00:27:25] , you’re an uncle, I’m an uncle. It’s a great position to play on the team. Really? My, my brother, who’s an uncle too. He says it’s like being the guy like eighth on the bench for the golden state warriors. You get the you’re in the game. Maybe you play a couple minutes, but that’s it. And you’re good.

[00:27:41] But anyways, if I asked Al Hey, What’s how’s it gonna turn out for Marcello? What a ridiculous question. That’s the, that’s what life is all about is the uncertain dance of it all. So play with it, enjoy it. And don’t let it overwhelm you. And then when it starts to do that, just let [00:28:00] go and be here.

[00:28:01] Cause it’s a beautiful place to be most of the time. Yeah, that’s my soapbox. Sorry man. But that’s how I deal with. Before we do

[00:28:06]Bryan Fields: predictions, we ask all of our guests, if you could sum up your experience in a main takeaway or lesson, learn to pass onto the next generation, what would

[00:28:13]Socrates Rosenfeld: it be?

[00:28:15] The journey is the reward and the journey is inward. And yeah, that’s it.

[00:28:22]Bryan Fields: All right. Prediction time. So five years from now, what do you see? Cannabis eCommerce landscape looking

[00:28:30]Socrates Rosenfeld: every single store has the ability to create a custom online experience as easily as they do as directed to consumer sellers have with Shopify. There is a very large aggregated app that is welcoming new mainstream customers into the industry and pushing them down to the local retail. Brands will have a direct relationship with individual consumers and we will be able [00:29:00] to leverage that relationship.

[00:29:01] I’ll say. And one thing I hope doesn’t change is this the flower? I hope it stays good and better. And we’re not just chasing THC, but we can actually come back to our roots and create really nice full bodied flower that I. That I’ve been enjoying here in Santa Cruz, California for a very long time.

[00:29:21] Yeah, that’s where I think it is sorry that was cop out answer, but that’s fine.

[00:29:25]Kellan Finney: I think it’s gonna look almost identical to your standard shopping experience now. I know stock mentioned getting earbuds on Amazon or ordering food on door dash. I think that you will be able to potentially order items from a door dash or an Uber eats.

[00:29:39] And I think Amazon will probably get involved with the last mile as far as shipping it. And you’ll see this kind of

[00:29:45]Socrates Rosenfeld: I think.

[00:29:48] Kind

[00:29:48]Kellan Finney: of almost like a fork in the road where there’ll be consumers that prefer shopping from specific dispensaries and those kind of items. Almost like your seven elevens, if you will.

[00:29:57] And then you’ll see this whole [00:30:00] new wholesale market that gets formed, where you see distribution hubs, like an Amazon warehouse that hold a ton of inventory just for that last mile. And so I think that’s the direction it’s gonna go. And I’m excited for it, honestly. What do you think

[00:30:15]Bryan Fields: Brian?

[00:30:15] I’m stoked for personalized recommendations. I can’t wait for when I can go on and have someone say, Hey, you love this THC, C B D low dose edible. Try this one. And I am so stoked about that because now I walk into dispensary. I’m completely overwhelmed. I know I’ve gotta buy every single thing I can because it’s a little harder for me back home.

[00:30:34] But when I find those products that I love I grip onto them and then I go into another dispensary and then they have we don’t have that. We have something like this, but it’s not that same type of personalized recommendation. So once we can get there, I’m just beyond stoked about just the availability of a wider range of products.

[00:30:49] And then the recommendations that come with the beautiful engine of having a clean data set that can revive those insights.

[00:30:57]Socrates Rosenfeld: Yeah. Brian, we’ll sign you up for the beta. [00:31:00] That’s it’s coming. Let me know

[00:31:00]Bryan Fields: I’m in. I’m in. I will. Cool. So for those listeners, they wanna get in touch. They wanna learn more about iHeart Jane, where can they find you guys

[00:31:07]Socrates Rosenfeld: hit us up on on Instagram at underscore iHeart, Jane, trying to get rid of that underscore and then hit us up at info at iHeart jane.com.

[00:31:15] We love hearing from everyone what we can be doing better. What you guys love, where you wanna see the product, or just to say. Hey just let us know. We love hearing from everyone. Cool. We’ll link it all up in the show notes. Thanks for taking the time. Thanks so much, guys. Really love your show.

[00:31:30] Appreciate it. You doing what you’re doing? Appreciate it. Thank you.

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The cannabinoid industry continues its march towards consolidation with two of the biggest players combining forces; Cresco Labs (OTCMKTS: CRLBF) agreed to purchase Columbia Care (OTCMKTS: CCHWF) for $2 billion in stock creating the largest US cannabis company by sales, dethroning Trulieve (OTCMKTS: TCNNF). The acquisition also gives Cresco access to key positions in 7 of the top 10 potential cannabis markets.

This also positions the new entity for significant success as it will no longer be directly competing in the emerging markets of New York and New Jersey. Acquisitions and mergers will continue to dominate cannabis industry headlines; however, we believe the only real catalyst for the industry will come from federal policy changes.

Bryan Fields, Eighth Revolution

Editors’ Note: This is an excerpt from our Monthly Playbook. If you would like to read the full monthly playbook and join the thousands of others you can sign up below.

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The Fyllo Regulatory Database creates unparalleled visibility at every level of government, with access to more than 4,300 sources in 1,450+ jurisdictions across the country. Today’s leading MSOs, SSOs and law firms rely on Fyllo to accelerate research, track licensing opportunities and make better decisions. To learn more or schedule a demo, please visit hellofyllo.com.

Recently, New York released plans that aim to make the state’s cannabis industry more equitable. Governor Kathy Hochul explained that the first adult-use retail licenses in the state will go to those with prior cannabis-related offenses. The program is called the Seeding Opportunity Initiative. The initiative includes conditional adult-use dispensary licenses for social-equity applicants and those conditional licenses for hemp farmers, in addition to the $200 million social equity investment program outlined by Hochul’s 2023 Executive Budget. However, the 2022 potential start date is unexpected, as it was previously indicated that adult-use licenses would not be awarded until at least the spring of 2023.

Editors’ Note: This is an excerpt from our Monthly Playbook. If you would like to read the full monthly playbook and join the thousands of others you can sign up below.

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