Up until a few months ago, the cannabis industry was primarily fueled by brick-and-mortar retail sales. Although relying on physical foot traffic was arguably not the most modern approach to drive sales, retailers and brands were often encumbered by strict delivery or online marketing regulations and needed physical storefronts to educate customers about their products and services. These industry idiosyncrasies were upended nearly overnight when COVID-19 forced dispensaries across the country to move their operations online. By now, most retailers have successfully transitioned to e-commerce platforms and are embracing new tech-driven solutions to engage with potential customers. By forcing retailers and brands to move online, the pandemic has fortuitously pressured the industry to face key obstacles to growth head-on and find inventive ways to boost sales.
Category: Articles
Warren Bobrow=WB: Please tell me about your company. What makes Select so valid in a marketplace filled with worthy contenders? What brought you to the cannabis business? What did you do originally?
WB: Please tell me who you are? Where you are from, and where you are now? What is your favorite part of working with the plant?
Warren Bobrow=WB: Please tell me where you are in the world? Are you both from California? Why Cannabis instead of something like becoming a doctor or lawyer. What did you do prior? Any professional training in mixology?
Jake Bullock and Luke Anderson= JB & LA: Jake grew up in Colorado and Luke is from Massachusetts but we met for the first time in San Francisco when they started work on the same day at Bain & Company. Before Cann, Jake worked in investment banking, management consulting and private equity primarily with consumer brands. Prior to Cann, Luke was a high school math teacher with Teach For America and a management consultant where he helped large CPG companies launch new brands.
Teddy Scott is the CEO of Ethos Cannabis and former CEO of PharmaCann.
Ethos is a burgeoning multi-state company developing a vertically integrated, retail-focused platform in the Mid-Atlantic and East Coast markets of the U.S. This platform serves mainstream consumers while focussing primarily on the health and wellness market through medical research relationships with Thomas Jefferson University in Philadelphia through their flagship dispensary there and other medical academic institute partnerships being developed in other states.
Warren Bobrow=WB: Please tell me where you are from? Where are you now? What did you want to be when you (grew) up? Do you have a mentor? Who is that?
If you don’t know Sara Rotman yet, you will soon. She is an outspoken advocate for the legal cannabis industry and is launching a new brand, Wellfounded Botanicals, in California this summer. Together with her husband, Rotman owns an outdoor cannabis organic farm that has been described as the gold standard by state compliance officers, community leaders and fellow farmers alike. In addition to day-to-day farming, Rotman has become a local and statewide advocate for the cannabis industry.
In the cannabis industry, nearly every business decision faces stringent regulatory oversight, and non-compliance can result in hefty fines or even a revoked license. But the challenge of tracking new rules and regulations is a significant burden in both time and manpower. Consider that each state develops its own commissions and set of operating standards, while cities and towns also create their own guidelines regarding transactions, auditing and documentation. The result is literally thousands of variations on the rules and regulations that govern the cannabis industry.
Truly Green Plastic™ is an environmentally encouraging solution to packaging cannabis in traditional non-disposable, plastic bags. This product comes from cannabis biomass and it is biodegradable. I couldn’t help but be intrigued by it. There is so much waste in packaging cannabis for sale. Truly Green Plastic™ offers an alternative that is good for the earth.
Warren Bobrow=WB: Where are you from? Where do you live now? How did you discover the business you are in now? What is your professional background?
I have enjoyed the good fortune to taste quite a few of fumé’s fine flowers (from their brand named LAKEGRADE) and they do not disappoint. Chock-full of juicy, cannabis goodness their high quality, LAKEGRADE line of Cannabis from fumé is packed full of beneficial terpenes and deeply conversational effects that really comforts my glaucoma. Each hand-tended cultivar that LAKEGRADE produces is a journey to a place that is unfamiliar, yet comforting and intrinsically benevolent.
I love what they do.