Kaya Cast – Details, episodes & analysis

Welcome back to another informative episode of the Kaya Cast Podcast, the go-to resource for cannabis dispensaries aiming to expand their influence and success in the industry. In this episode, we dive further in with Wesley Hein, a seasoned cannabis executive and head of Corporate Development and M&A at Mammoth Distribution. 

Discover the unique dynamics of the hemp market and its evolving role relative to the broader cannabis industry. Wesley provides an insider’s perspective on how, despite being fundamentally a cannabis company, the developments in the hemp sector are influencing strategies and perceptions in the markets where Mammoth operates, including California, New York, and Illinois.

Delve into the complex relationship between cannabis and its cousin hemp, as Wesley explains the regulatory landscapes, market challenges, and the unintended consequences of hemp’s rapid growth. He shares critical insights on how the hemp industry is navigating through its 'wild west' phase much like the early days of cannabis, and the implications this has on regulation and market stability.

Moreover, Wesley peels back the layers on the burgeoning sector of cannabis-infused beverages. He discusses the surprising boost in beverage sales against the backdrop of hemp’s influence and how savvy branding and distribution strategies are overcoming stigma and logistical hurdles. 

In a market faced with both skepticism and opportunity, learn about the potential pathway for hemp in California and the broader implications for cannabis operators and manufacturers looking to innovate while adhering to shifting regulatory demands.

Whether you're an industry veteran or a newcomer navigating the complexities of the cannabis business, this episode offers valuable perspectives on managing growth amidst chaos, capitalizing on emerging market segments, and strategizing for future expansions.

Stay tuned to the end for Wesley’s outlook on where he sees hemp and cannabis beverages heading, and what this could mean for dispensary owners looking to diversify their product offerings.

As always, thank you for joining us on the Kaya Cast Podcast. Don’t forget to subscribe to stay updated on the latest trends and strategies that can help propel your cannabis business forward. Until next time, keep growing and thriving in the cannabis industry.
 
Find out more about Mammoth Distribution at:
https://www.linkedin.com/company/mammothdistribution/
https://www.linkedin.com/in/wesleyhein/

Highlights:
00:00 Introduction to KayaCast and Guest Wesley Hein
00:30 Current State of the Hemp Market
03:03 Hemp's Impact on the Cannabis Industry
06:02 Challenges and Opportunities in Hemp and Cannabis
07:27 Regulatory Landscape and Future Predictions
16:58 The Potential of Cannabis Beverages
19:30 Conclusion and Farewell
 
#KayaCastPodcast #CannabisDispensaries #IndustryInsights #CorporateDevelopment #MergersAndAcquisitions #HempMarket #CannabisIndustry #CaliforniaCannabis #NewYorkCannabis #IllinoisCannabis #RegulatoryLandscapes #MarketChallenges #HempGrowth #WildWestPhase #CannabisBeverages #BeverageSales #BrandingStrategies #DistributionStrategies #Stigma #LogisticalHurdles #MarketStability #CaliforniaHemp #CannabisInnovation #RegulatoryDemands #IndustryPerspectives #DispensaryOwners #ProductDiversification #StayTuned #CannabisGrowth #KayaCommunity #CannabisNews #IndustryUpdates #CannabisBusiness #GrowAndThrive.

In this insightful episode of the Kaya Cast Podcast, we sit down with Jessica Martin, the dynamic COO of The Higher Path, a standout cannabis dispensary nestled in the bustling market of California. With over a decade of experience in the evolving cannabis industry, Jessica shares how her business has not only survived but thrived amidst intense competition, rigorous regulations, and the persistent challenge of the illicit market.

Join us as we delve into the strategies that have propelled The Higher Path to success, including exceptional community engagement, strategic brand positioning, and a unique focus on creating an inviting and memorable customer experience. Jessica reveals how these efforts have helped forge a powerful connection with both local customers and tourists alike, turning their dispensary into a must-visit location in Hollywood.

We also explore the significant shifts in industry challenges over the years, from gaining acceptance in the early days to competing with unregulated shops and adapting to ever-changing regulations. Moreover, Jessica provides a rare glimpse into the hiring strategies that ensure they not only choose the right team members but also foster continual growth and job satisfaction, contributing to the dispensary's vibrant workplace culture and high staff retention rates.

Learn from Jessica’s valuable perspectives on leadership in the cannabis industry, the importance of community involvement, and how a thoughtful approach to business operations can lead to enduring success. Whether you’re a veteran in the cannabis business or just starting out, this episode is packed with actionable insights to help you navigate the complexities of the cannabis market.

Tune in now to discover how to make your mark in one of the most competitive industries today!

 Stay tuned for more episodes where we bring together industry leaders and experts in the cannabis space.
 
 
Find out more about The Higher Path at:
https://www.linkedin.com/company/the-higher-path-la/
https://thehigherpath.com/
https://www.instagram.com/thehigherpathshop/?hl=en

#kayacast #podcast #realestate #higherpath #cannabisindustry #businesstips

In today’s episode, we dive deep with Ryan D'Wolff Munro, a seasoned expert known for his remarkable work at Dutchie and his vast experience in the restaurant, brewery, and cannabis industries.

Ryan shares invaluable insights on the crucial early stages of business, focusing on effective time management, strategic hiring, and financial literacy. He emphasizes the importance of understanding your balance sheet and being actively involved in financial planning to steer your cannabis venture toward sustainable growth. 

Further, Ryan opens up about the art of selecting the right team, particularly the pivotal role of a General Manager, and how to ensure their values align with your business vision. He sheds light on his personal preferences when hiring a GM, including the necessity of integrity, financial acumen, and the ability to manage both people and projects effectively.

Whether you're a new entrepreneur in the cannabis space or looking to refine your business approach, this episode is packed with advice to help you navigate the complexities of the industry and lead your business toward success.

Don’t miss this opportunity to learn from one of the giants in the industry and gain the edge you need to make your cannabis business thrive. Tune into this episode of Kaya Cast and transform the way you manage, operate, and scale your business in the competitive cannabis landscape.

Available on Spotify, Apple Podcasts, and wherever you get your podcasts.

---

For more resources and to connect with industry leaders, visit the Kaya Cast Podcast website. Stay tuned for more insightful episodes!
 
Find out more about Ryan and Dutchie at:
https://www.linkedin.com/in/ryanmunro/
https://dutchie.com/
https://www.instagram.com/wearedutchie/?hl=en
https://www.linkedin.com/company/getdutchie/

Chapters:
0:00 - Episode Highlight
0:24 - Intro
1:00 - Where should entrepreneurs really, really think about allocating their time that impacts the business the most? 
5:03 - Who would you look for in a GM? What characteristics of that person would you look for?
10:59 - When you're recruiting for that particular person, do you generally actively recruit or passively recruit?
13:28 - Are KPIs a good measure of success anymore?
19:22 - Storytelling is the Best Way to Connect
21:24 - How long until you realize this person isn't the best fit
23:21 - Common mistakes for entrepreneurs
25:10 - How far should entrepreneurs set out their goals when they first start?
27:04 - How many goals should somebody set when they start a business?
28:52 - Marrying Resources with Strategy
31:42 - How do you make ambitious goals more achievable?
35:56 - How to assess if goals are on the right track?
39:11 - What's new with Dutchie?
41:53 - Outro

#kayacast #cannabis #operations #generalmanager #hiring #podcast #cannabisindustry #businesstips

Dianna Tarbell is the General Manager and Myan Adams is the Sales Manager for Seven Leaf which is the first 100% indigenous-owned and –operated Cannabis producer to receive a Health Canada license.

In this episode, we discuss the story of building Seven Leaf which is an indigenous owned and operated cannabis producer. Our guests discuss the challenges facing First Nations professionals looking to enter the cannabis industry and how Seven Leaf positioned their company to be one of the first producers operating on Indigenous land.

Seven Leaf’s motto is “happy people grow happy plants!” and this is foundational in every aspect of the business. They are building a company that honours the generations that have come before, and invests in the future of the generations to come.

Find out more about Seven Leaf here:

• Seven Leaf Website
• Facebook
• Instagram
• Twitter
• Dianna Tarbell
• Myan Adams

Tom and Maria discuss some of the most important insights from our recent cannabis industry seminars that we hosted in Albuquerque, New Mexico and Portland, Maine.

We joined with our partners across the country to share growth techniques to successfully launch and grow a dispensary. It was fantastic to connect with cannabis retailers and hear their stories.

This week’s episode features the “Greatest Hits” from our cannabis industry seminar that we hosted in Albuquerque, New Mexico and Portland, Maine.

Designed to help you navigate the process of opening a cannabis dispensary with best practices of over 3000 dispensaries and how they succeeded.

Gary Cohen, CEO of Cova

Gary Cohen is the CEO of the most trusted award-winning POS brand in North America. He has met with nearly 2000 dispensary operators from coast to coast and leveraged expert knowledge to provide cannabis retailers the support they need to get a license, pass inspection, launch a store, and improve operations. Gary frequently leads seminars on retail technology, compliance, business operations, and cannabis banking laws at some of the industry’s largest events including NCIA and MJBizCon.

https://www.covasoftware.com/

Naomi Granger, Founder of NACATS Pros, CPA, MBA

Naomi Granger is the only CPA to have been featured in The Wall Street Journal for her unique approach to helping accounting professionals expand their practice to support the legal Cannabis industry. She’s provided her support, consulting, and business development skills to over 600 accounting professionals across the United States.

Naomi entered the cannabis industry in 2017 and went from start-up to exceeding $3 million in revenue in just over two years. She’ll guide you to your own solid revenue gains in the highly regulated Cannabis industry with a strong foothold in the market.

https://nacatpros.org/

Tommy Truong, CEO of KayaPush

Tommy Truong (CPA) is the co-founder and CEO of KayaPush. With over $1 Billion of payroll processed last year, Kayapush helps dispensaries scale through an easy people management platform. Tommy has helped thousands of business owners grow their companies through simplifying workforce management.

https://www.kayapush.com/

Christine Gervais, CFO Cultivate Consulting

Christine has been a licensed CPA since 2010 using her skills to help small businesses grow and achieve their fullest potential.

With a Master’s degree in accounting, in addition to years of experience both in public accounting as well as serving as the CFO for large private organizations, Christine has the knowledge base to provide comprehensive accounting and consulting services to Cultivate’s clients.  Most notably, Christine is also a nationally recognized speaker and 280(e) expert, providing cannabis tax education not only to her clients but to other accountants.

http://www.cultivateconsulting.co/

Kirk Morrison, Co-Founder Budsense

Kirk is one of the founding partners of BudSense and has a background in product development, marketing, sales and management consulting. Kirk has been involved in the creation of a number of technology products in the retail sector and has been working with cannabis retailers since the earliest days of federal legalization in Canada.

https://www.mybudsense.com/

Neal Chaudhary is the founder of Red Pill Labs and Irie Systems.

Neil is a consultant with cannabis retailers on best practices, strategies, and finding unique solutions for businesses. To use innovative techniques and technology to make their systems and their retail operations grow.

He is here to help solve those complex business problems all cannabis retailers face. We also talked about Bob Marley, Red Hot Chili Peppers and how to help your budtenders deliver exceptional service.

Be sure to check out Neal and Red Pill Labs

• Red Pill Labs
• Irie Systems
• Red Pill Labs Linkedin
• Irie Systems Linkedin
• Neal Chaudhary

Ernest Toney is the founder of BIPOCANN, and leads the strategic efforts to improve equitable representation for BIPOC (Black, Indigenous, and People of Colour) entrepreneurs and business owners in the cannabis industry’s state-legal markets.

Ernest Toney shares practical insights for BIPOC people who are looking to enter the industry and businesses that are looking to connect with those individuals. He also gives insights into strategies for the cannabis industry to become a more social equitable industry.

It starts with business owners and cannabis retailers changing their mindset and promoting black owned businesses. It's exciting to hear some of the momentum and changes that are happening within the industry.

Be sure to check out BIPOCANN

• Ernest Toney Linkedin
• BIPOCANN
• Facebook
• Twitter
• Instagram

As a dispensary owner, you need different technology and softwares to help you with all your daily operations, like your sales and your inventory management, and even your security.

Cannabis Technology helps you manage your people and streamline operations, which saves you time and money.

Today, we want to talk about the top six dispensary technologies that you need to run a growing cannabis store.

Our top 6 Cannabis Technologies are:

1. A compliant POS System
2. Website, E-commerce, and product menus
3. Integrated payroll software
4. Security system
5. Inventory management software
6. Employee management system.

Haley Glover is the Senior Security Consultant at Sapphire Risk Advisory Group and has over a decade of experience in the security industry.

Haley shares her insights into everything SECURITY and CANNABIS. From setting up security when you first apply for your application to ongoing security training with your employees and really working as a team to make sure that your cannabis retail location is secure.

Cannabis security risks also include cybersecurity and internal theft protection cameras. She goes through all of it today on the show, and we're so excited to talk to Haley and really just learn from their expertise in this field.

If you wanna find out more about Sapphire and the work they're doing, or maybe you want Sapphire to come and help you as you either launch or grow your dispensary visit:

• Website
• Facebook
• Instagram
• Linkedin
• YouTube
• Twitter
• Haley Glover