Episode
#333 - Chris Walsh - How Does The Cannabis Industry Work?
1:03:24
Published: Sat Jun 12 2021
Description
Chris Walsh is the CEO and President of Marijuana Business Daily and an industry trend analyst. People are claiming that cannabis will be the next gold rush industry. After it grew by nearly 50% in 2020, that seems even more likely. Chris knows everything about the world of weed, so we get the inside scoop on this rapidly growing industry. Expect to learn how weed is somehow illegal federally but legal at the state level, why THC suppositories are a thing, whether there will be a psychedelics industry, what to expect from the next few years of legalisation and much more... Sponsors: Get 20% discount & Free Shipping on awesome vegan meals at https://vibrantvegan.co.uk/modernwisdom (use code MODERNWISDOM) Get 20% discount on all pillows at https://thehybridpillow.com (use code: MW20) Extra Stuff: Check out Chris' Website - https://mjbizdaily.com/ Get my free Ultimate Life Hacks List to 10x your daily productivity → https://chriswillx.com/lifehacks/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/ModernWisdomPodcast Email: https://www.chriswillx.com/contact
Chapters
The Hybrid Pillow is a new type of pillow that combines softness with orthopedic support to alleviate pressure buildup and ensure spinal alignment.
00:00 - 04:56 (04:56)
Summary
The Hybrid Pillow is a new type of pillow that combines softness with orthopedic support to alleviate pressure buildup and ensure spinal alignment. Get a discount on your purchase and a guaranteed better night's sleep at thehybridpillow.com using the code MW20.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
Tackling the cannabis industry as a businessperson takes time and effort due to the complex global differences in regulation and culture.
04:56 - 11:37 (06:40)
Summary
Tackling the cannabis industry as a businessperson takes time and effort due to the complex global differences in regulation and culture. Establishing personal connections with partners is vital for success.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
The federal government's decision under Obama to look the other way on cannabis helped pave the road for the industry's growth, but now the resistance to changing laws has slowed progress.
11:38 - 16:52 (05:14)
Summary
The federal government's decision under Obama to look the other way on cannabis helped pave the road for the industry's growth, but now the resistance to changing laws has slowed progress.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
The speaker shares their surprise at the rapid and unexpected changes in marijuana legalization around the world, from the southern United States to Europe and South America.
16:52 - 20:46 (03:53)
Summary
The speaker shares their surprise at the rapid and unexpected changes in marijuana legalization around the world, from the southern United States to Europe and South America.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
As the cannabis industry becomes more mainstream, it is pushing out those who were once heavily involved in the counterculture like Cheech and Chong, leaving less business opportunities for those without the necessary skills.
20:46 - 29:48 (09:02)
Summary
As the cannabis industry becomes more mainstream, it is pushing out those who were once heavily involved in the counterculture like Cheech and Chong, leaving less business opportunities for those without the necessary skills.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
As the coffee industry evolves, people want to feel comfortable in a welcoming environment.
29:48 - 35:15 (05:27)
Summary
As the coffee industry evolves, people want to feel comfortable in a welcoming environment. There is a shift towards larger coffee shops, but also potential for smaller, artisan blends to cater to coffee aficionados who value unique blends.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
The cannabis industry has experienced a growth in sales of up to $20 billion in retail sales.
35:16 - 41:33 (06:17)
Summary
The cannabis industry has experienced a growth in sales of up to $20 billion in retail sales. The industry was previously stigmatized but today, dispensaries have become high-end retail stores with unique features such as drone performances.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
As more states legalize marijuana for both medical and recreational purposes, the question arises of whether the two components will merge into a single cannabis industry or remain separate entities.
41:33 - 45:31 (03:58)
Summary
As more states legalize marijuana for both medical and recreational purposes, the question arises of whether the two components will merge into a single cannabis industry or remain separate entities. However, with different regulations and requirements, achieving homogeneity across the country may take many years.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
There may be potential for investment in the psychedelics industry, but it differs from the cannabis industry due to the potency of the drug, requiring a strategic approach by companies looking to enter the market.
45:31 - 51:54 (06:22)
Summary
There may be potential for investment in the psychedelics industry, but it differs from the cannabis industry due to the potency of the drug, requiring a strategic approach by companies looking to enter the market.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
The therapeutic use of psychedelics may potentially become legalized in the future, but it is unlikely to reach the stage of recreational use like weed.
51:55 - 56:21 (04:26)
Summary
The therapeutic use of psychedelics may potentially become legalized in the future, but it is unlikely to reach the stage of recreational use like weed. The importance of set and setting are crucial to the effectiveness of psychedelics in therapy.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
A discussion on the varying levels of acceptance towards cannabis in different countries, and how it is represented in the media.
56:21 - 1:02:11 (05:50)
Summary
A discussion on the varying levels of acceptance towards cannabis in different countries, and how it is represented in the media.
Episode#333 - Chris Walsh - How Does The Cannabis Industry Work?
PodcastModern Wisdom
Chris Walsh talks about his podcast, Seed to CEO, which provides insights and lessons for success in the cannabis industry.
1:02:12 - 1:03:23 (01:11)
Summary
Chris Walsh talks about his podcast, Seed to CEO, which provides insights and lessons for success in the cannabis industry. Visit mjbizdaily.com to listen to the podcast and stay updated on the industry.