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Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends
David Hua

Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends

Oct 11, 2018

Key Takeaways


David Hua is CEO and cofounder of Meadow - https://getmeadow.com/. Meadow makes retail and delivery software for dispensaries. They were part of the Winter 2015 batch. You can check them out at GetMeadow.com. David’s on Twitter - https://twitter.com/hua

Vincent Ning is CEO and cofounder of Nabis - https://getnabis.com/. Nabis is a cannabis services group. They offer distribution, logistics, sales, and marketing. You can check them out at GetNabis.com. Vincent's on Twitter - https://twitter.com/vcning

The YC podcast is hosted by Craig Cannon - https://twitter.com/craigcannon

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Topics

00:00 - What David brought with him

5:10 - Microdosing

6:10 - What are people buying?

10:00 - Customer demographics

11:22 - CBD

14:20 - Changing vocabulary around cannabis

16:35 - What is Meadow?

17:00 - What is Nabis?

17:15 - Why did they choose to not do cannabis product manufacturing?

22:00 - Fundraising as a cannabis company

25:30 - Why is there not one dominant cannabis company?

29:15 - Legalization across Canada

31:00 - Banking as a cannabis company

35:35 - Taxes

37:00 - Price sensitivity

39:35 - Brand loyalty

42:45 - What will the market look like in 5-10 years?

49:30 - Cannabis media

51:45 - Psychedelics

56:00 - Exonerations and social equity programs

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