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The Playbook With David Meltzer

How Web 3.0 is Impacting The Cannabis Industry | Interview With Weedmaps CEO, Chris Beals

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.61.9K Ratings

🗓️ 20 April 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Chris Beals, CEO of Weedmaps, shares his thoughts on what enabled the company to go public with a Nasdaq listing, as well as what makes rapper and activist Killer Mike the perfect host for their four-part docuseries Tumbleweeds that celebrates the impact and evolution of cannabis culture across the United States. Beals and host of #ThePlaybook, David Meltzer, sit down to chat about a range of subjects including the new wave of acceptance and legitimacy that the cannabis industry is experiencing, the opportunities that Web 3.0 offers the cannabis industry, and the best way for a business leader to truly understand their customer base. Tweet me your takeaway from today’s episode @davidmeltzer Email Me! [email protected] Sign up for my Free Weekly Training https://free.dmeltzer.com/friday-training-1 Text Me! (949) 298-2905 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

every state's choosing its own adventure for how to regulate and there's no central marketplace.

0:04.4

There's no software that's actually built for the sector and I thought,

0:08.8

man, this could really be something. Fast forward from 2015 to the day and now, you know,

0:13.5

Weed Maps is in this fantastic position. It's really cool to see.

0:18.6

This is the flavor. I am so excited. I have Chris Beals. He's the CEO of Weed Maps.

0:24.5

Talk about having a vision. You know, I, Chris, I ran Lee Steinberg Sports Entertainment

0:30.8

in Newport Beach, the most notable sports agency and my resume look like the other 25,000 resumes

0:38.4

to Lee, except for one thing. I really developed skills and knowledge in the technology field and

0:43.7

I just finished a symposium here at Tulane Law School about how to apply your skills and knowledge

0:50.5

to the industry that you want to work in and you are at the forefront of that. The vision that

0:56.0

you have had to had since 2015 to understand the cannabis industry and to see the opportunities

1:04.6

and do exist there. We were just talking about who and how, you know, come into New Orleans.

1:09.5

They have Caesars on on the, you know, the arena and when I was here, you couldn't even combine

1:15.2

gambling and sports, let alone cannabis and sports. Both are at the forefront and they're begging for

1:22.4

the dollars. How have you seen that evolution and when did you realize that you were onto something

1:28.7

as far as being a visionary and being able to get over all the resistance that existed in 2015?

1:36.0

Yeah. I mean, look, I just have to say this that it finally feels and then Cheryl say this

1:41.7

again a year from now or two years from now, but it feels like we're sort of cresting a new wave

1:46.1

of acceptance, legitimacy, people realizing that there's a there there. You know, that is weird

1:52.6

when for an industry that did roughly 25 billion last year in the U.S. that people are like, oh,

1:57.4

I think there might be something to that, you know, a little late, but no, look, when I first

2:05.1

came across the cannabis sector and weed maps in 2015, I just thought, wow, this is this is insane.

...

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