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The Meb Faber Show - Better Investing

Chase Nobles - I Think Other Ag Industries Are Going To Be Playing Catch Up With What We’ve Learned Through Hemp and Cannabis | #162

The Meb Faber Show - Better Investing

The Idea Farm

Management, Investing, Business

4.8978 Ratings

🗓️ 26 June 2019

⏱️ 50 minutes

🧾️ Download transcript

Summary

In episode 162, we welcome our guest, Chase Nobles. Chase kicks off the episode with some background, meeting his business partner, and how he went on to become the co-founder of Kush.com. He then gets into starting Kush Tourism as a resource for cannabis tourists during the early days of cannabis legalization in the state of Washington, showing them facilities, the industry, and educating them about cannabis and the business behind it. Next, Chase discusses the phase of the business where he and his co-founder realized the value of their business was the network they built. That spurred the idea for a wholesale marketplace. That evolution of the business ultimately led to raising funds and meeting angel investor, Jason Calacanis. Chase goes on to describe the platform, and how it has grown into the marketplace we know today as Kush.com. Meb then asks Chase to discuss the near-term hurdles for growth. Chase explains the backlog of applicants for the platform they are currently working through, and the work it takes to process them, as an example. As the conversation winds down, Meb asks about challenges in the industry. Chase talks about the issues with payment processing, and the hope that things will change in order to ease the burden on that front. All this and more, including Chase’s perspective of the greatest challenges of being a CEO, in episode 162. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Mebb Fabor Show, where the focus is on helping you grow and preserve your wealth.

0:12.7

Join us as we discuss the craft of investing

0:15.6

and uncover new and profitable ideas,

0:18.4

all to help you grow wealthier and wiser.

0:20.8

Better investing starts here.

0:23.0

Mepp Faber is the co-founder and chief investment officer at Cambria Investment Management.

0:31.0

Due to industry regulations, he will not discuss any of Cambria's funds on this

0:35.5

podcast.

0:36.8

All opinions expressed by podcast participants are solely their own opinions and do not

0:41.0

reflect the opinion of Cambria Investment Management or its

0:43.6

affiliates. For more information visit cambria Investments.com.

0:49.4

Welcome podcast listeners we got an awesome show for you today our guest is the co-founder and co-ceeo of cush.com

0:57.2

A managed marketplace dedicated to helping the legal hemp and cannabis industries thrive through a carefully curated network of vetted buyers and sellers.

1:05.4

Welcome the show, Chase Nobles. Hey Meb, how are you? I'm awesome man, so you're base right now out of Seattle,

1:12.1

but you've spent a little time growing up in East Coast

1:16.3

and also some time in Colorado.

1:19.9

Was Colorado undergrad grad school?

1:22.0

What were you doing there?

1:23.0

I actually spent a couple of years at the Air Force Academy. That was kind of the genesis of moving to Colorado. I moved there right out of high school.

1:31.0

We were recruited to be on the gymnastics team there.

1:33.5

Ended up after a little over two years deciding the Air Force Academy and the Air Force

1:37.7

in general just wasn't the best fit. So I dropped out, took a semester off, started kayaking on kind of a semi-professional level, and then

...

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