Interview For DOPE Magazine
The GaryVee Audio Experience
Gary Vaynerchuk
4.8 • 18.3K Ratings
🗓️ 6 October 2018
⏱️ 22 minutes
🧾️ Download transcript
Summary
The cannabis industry has massive potential because, as I see it, it's primarily build up of young people and entrepreneurs. Frankly, I'd go as far to as that the cannabis industry is going to make a huge impact in the marketing field because of the upfront restrictions they will face regarding being unable to use Facebook and Instagram ads.
Transcript
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| 0:00.0 | This is the Gary V. Audio Experience. |
| 0:04.0 | I love starting with the macro and then going into the micro. |
| 0:16.0 | You know, my college friends are going to laugh their asses off that I'm on the cover of your magazine |
| 0:22.0 | because literally their four year quest in college was to get me to smoke a blunt with them. |
| 0:28.0 | This is unbelievably deja vu for me. |
| 0:34.0 | I grew up not drinking beer or wine or alcohol yet I became an unbelievable expert at 15, 17, 19, 21, 23 on the consumer of that product. |
| 0:48.0 | It's unbelievable to me in the macro that it's so obvious that the cannabis industry is heading in an incredibly interesting consumer place over the next half century. |
| 1:02.0 | I'm not in a rush to make predictions or know everything just yet because this is a real marathon for me. |
| 1:10.0 | I'm 42 years old and I think that some of my most intriguing thoughts or observations or accomplishments within the industry literally may happen in 30 or 40 years. |
| 1:22.0 | So Gary, are both of your folks so last? |
| 1:24.0 | Yeah, they are. They're pretty young actually. They're 64 and 62 so they're young. |
| 1:29.0 | What will they think about you being on the cover of a cannabis magazine? |
| 1:33.0 | My mom was super propagandaed out by Nancy Reagan so she was super hardcore like say no to drugs and so I think I look I think my parents know first of all the great thing about my parents is and I just spent a week with them because of vacation. |
| 1:51.0 | They're very thoughtful meaning like I genuinely believe with my heart and soul that cannabis is a far better thing for so many human beings than a lot of the things that are legal in the United States right on a federal level. |
| 2:07.0 | And so my parents are thoughtful that way they they get my mom can get caught up in the stigma of it my I think right now if you actually like lie detector test me here's what I would say my mom would be like hmm and my dad would be like he's a genius that's going to work out. |
| 2:25.0 | Which is really interesting because that would be literally the opposite of almost everything else my mom is my greatest cheerleader and think some a genius but I definitely think I'm telling you Nancy Reagan got her. |
| 2:38.0 | Well, when you see raising one smart lady, can I imagine this advantage you did it well that's for sure no question. |
| 2:44.0 | So at some point before 2012 you had the realization that corporate America was slow to pick up on content for out of return. |
| 2:53.0 | And the cannabis making a similar fake. |
| 2:58.0 | No, actually I think cannabis from my observation early on is really good at it because you have such young entrepreneurs who are native to that communication. |
| 3:10.0 | I think the platforms Facebook Google and such don't let them advertise in all the ways they wish they could but actually I think the cannabis industry is going to be the teacher of innovation to a lot of I view the cannabis industry the way you proctor and gamble and Coca Cola consumer package goods. |
| 3:31.0 | I think that from you know obviously depending on what happens at a federal state level but I think they're going to innovate and show the I mean I'm very comfortable making this prediction in 2040 cannabis companies are going to be the ones influencing the way diapers and tires and soda and shampoo is being sold. |
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