From Pot to Popular

Navigating the cannabis industry without outside investment is challenging, but Cristy Aranguiz, CEO of Cannabis and Glass, has built a thriving business just that way. In this episode, Cristy shares how her and her partner Tate launched their first dispensary with just $10,000, scaled a business while maintaining full ownership, and prioritized affordability for consumers in a competitive market. She also shares how her Cuban-American upbringing shaped her entrepreneurial drive, the challenges of breaking into the industry as a Latina CEO, and her advocacy work with the National Hispanic Cannabis Council. Cristy discusses her approach to hiring, company culture, and why she believes social equity programs need to be restructured to create real opportunities for underrepresented entrepreneurs.

With more states beginning to open legal cannabis markets, the needs of dispensaries are shifting, and technology providers have struggled to keep up. Evolving consumer demands and regulations require retailers to stay agile and efficient, and ineffective software can hamper a business's scalability and long-term growth. In this episode, Kyle Sherman, Founder and CEO of Flowhub, discusses the cannatech company’s new intuitive, flexible, and performant solution — Flowhub Maui — focused on helping cannabis retailers increase profits, operate more efficiently, and create superior customer experiences. Kyle also talks about his journey to launching Flowhub, the company’s efforts to support federal legalization and how social equity programs move the industry forward.

The pace of innovation and change in the cannabis industry is relentless, so remaining eager and adaptable is key to ensuring success. As regulations evolve at the state and federal levels, opportunities have arisen for operators to attract new customers, educate both experienced and inexperienced consumers on cannabis, and provide memorable and elevated experiences through consumption lounges. With lounges set to open in Nevada this year, operators are looking to create safe, clean atmospheres for guests to enjoy cannabis in a fun and engaging setting. In this episode, Brandon Wiegand, chief operating officer at Thrive Cannabis Marketplace, discusses the future of cannabis consumption lounges, the delicate balance between catering to tourists vs. locals, and how lounges can differentiate themselves in the market. Brandon also talks about the challenges of competing against a robust illicit market, what growth looks like for Thrive, and why there are benefits to waiting for federal legalization.

Midterm elections are drawing closer while voters are preparing for ballot initiatives on cannabis in Maryland, Arkansas, North Dakota, South Dakota, Missouri and Oklahoma. The upcoming votes may carry large implications when forecasting the future for the legalization of cannabis in the United States. What’s the next move for U.S. policymakers if cannabis becomes legal in 25 states? In this episode, Brian Vicente, Founding Partner of Vicente Sederberg LLP, discusses lessons learned from his time writing the legislation that brought cannabis legalization to Colorado in 2012 and explains how his firm grew to be one of the largest in cannabis law. He also offers insights on this year’s November ballot initiatives and tells us why the opening of adult-use stores in New York is a major milestone for cannabis policy worldwide.

With every passing moment, emerging industry innovators are looking for new ways to penetrate the market and create new distribution channels. As the cannabis space continues to develop, new businesses continue to pop up, but how exactly does a 150-year-old brand adapt and identify a path to success? In this episode, Scott Grossman, corporate development vice president for Turning Point Brands, reflects on his early experiences in the cannabis reform space, emphasizes the importance of brand building and discusses the evolution of the iconic Zig-Zag brand. He also offers insight regarding his transition from a more behind-the-scenes role in business investment to a public corporate development role with Turning Point Brands. Along the way, Rosie and Scott talk about what excites them in different cannabis markets across the U.S.