4.9 • 675 Ratings
🗓️ 25 June 2019
⏱️ 35 minutes
🧾️ Download transcript
In this episode of the Real Estate Investing For Cash Flow Podcast, Kevin brings in Andy Poticha. Andy is involved in the unique and independent niche of designing and building cannabis facilities across the country. His team has designed and built twenty different cannabis specific projects.
Kevin and Andy dive into the topic of the cannabis industry and the unique nuances involving it. Andy shares how he got into the business and how this venture differs from the others. He also addresses certain challenges due to cannabis’ reputation and shares some insights about the industry’s rapid growth and what the future holds for his company’s niche in the business.
QUOTES:
“The judgement of the success of a project for us is solely based on the unqualified recommendation from our clients.”
“We didn’t at the time ever think we were ever going to be a national business and lo and behold, new industry, new direction.”
“Right now, medicinal cannabis is legal in thirty-three states and recreational cannabis is legal in ten.”
“The reality of it is, our approach to this part of the business is really no different than anything else that we had done..”
“We function so that our clients can go off and do what they do best, which is to continue to grow their business and acquire more licenses and so on. And we, with their input, can handle all of navigating the minefields of the construction part of it.”
HIGHLIGHTS
6:17 Andy’s background and how he grew his company
14:45 The current state of the Cannabis industry
17:05 Andy talks about entering the niche and managing growth
24:54 Challenges along the way
29:05 Opportunities and getting into the space
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0:00.0 | You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it. |
0:09.4 | But you're tired of all the so-called gurus who are all talk and no substance. |
0:15.2 | Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen. |
0:21.7 | This is the Real Estate Investing for Cash Flow podcast. |
0:25.2 | Now, here's Kevin Bup. |
0:31.7 | Hey guys, Kevin Bup here. |
0:33.2 | I want to welcome me to another episode of the Real Estate Investing for Cash Flow podcast. |
0:37.3 | Our mission is to |
0:37.8 | help you build and maintain massive amounts of cash flow through income producing real estate investments. |
0:43.5 | Our guest for this week's show is Cannabis Facility Design and Construction Expert, Andy Potisha. |
0:48.9 | On today's show, we're going to be discussing the booming business of cannabis. I mean, you literally |
0:54.0 | can't go a day without a |
0:55.6 | major headline, either touting one of the thousands of medicinal benefits that cannabis offers |
1:01.2 | or of the huge opportunity that exists from the business side of things. Well, with that, |
1:07.0 | Andy has been specializing in the design and construction of cannabis facilities for the |
1:11.2 | last five years, and today has been involved in the design and build of 20 different |
1:16.0 | cannabis-specific projects. So I'm very excited to have a candid conversation with Andy about |
1:21.6 | a variety of topics revolving around the new world of cannabis, and I'm absolutely confident |
1:26.1 | that you guys are going to find a huge amount of value in our time together. |
1:29.7 | And so with that, just a few items I want to run through real quick before we get onto the show with Andy. |
1:34.0 | First and foremost, if this is the first time that you're tuning into the show, I just want to thank you for joining us here. |
1:38.6 | And if you're one of the many millions of listeners now that who make listening to the show part of their weekly ritual, then I just want to welcome you back and thank each and every one of you for the time that |
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