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

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