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Kaya Cast

Kaya Cast

Kaya Push

The Kaya Cast podcast is a weekly show where we interview thought leaders in the cannabis industry about their experience and expertise of working with cannabis. The aim of the show is to help cannabis retailers do what they love and share their stories.

125 - What NY Cannabis Will Look Like in 2025
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  • 125 - What NY Cannabis Will Look Like in 2025

    Welcome to a pivotal episode of the Kaya Cast Podcast, where we delve deep into New York's cannabis marketplace amidst its complex regulatory and business environment. Today's guest, Katie Neer of KND Group, brings an insider’s perspective to the ongoing challenges and opportunities within the state.

    In this episode, we'll explore the recent decision deeming padlocks unconstitutional and the repercussions this has on both legal and illicit cannabis markets in New York. Katie shares her insights on regulatory confusion, policing efforts, and the impact of election outcomes on cannabis policy.

    We also touch on the potential growth of New York’s legal cannabis market, projected to be worth about $6 billion, and discuss strategic measures needed to realize this vision. Katie discusses the nuances of Registered Organizations (ROs) in the state, leadership changes at the Office of Cannabis Management (OCM), and policy suggestions to enhance New York’s approach towards medical cannabis and private rights of action against illicit operations.

    Join us as we unpack these critical issues with Katie Neer, whose expertise in shaping policy through collaboration with regulators offers invaluable lessons for cannabis businesses aiming to navigate and influence policy landscapes effectively.

    Whether you're a dispensary owner, a policy maker, or simply a cannabis enthusiast, this episode offers a thorough understanding of the complexities and pivotal changes shaping one of the most dynamic cannabis markets in the U.S.

    Tune in to gain actionable insights and stay ahead in the ever-evolving world of cannabis business regulations.

    Remember to follow, like, or subscribe to Kaya Cast on your favorite podcast platform to keep up with the latest discussions and strategies for scaling and thriving in the cannabis industry.

    Highlights:
    00:00 Introduction and Overview
    00:11 Guest Introduction: Katie NIR from KND Group
    00:44 Discussion on New York's Illicit Cannabis Market
    02:36 Challenges and Nuances in Enforcement
    06:01 Policy and Legislative Updates
    12:26 Medical Cannabis Program in New York
    17:10 State of Registered Organizations (ROs)
    30:40 Current Market Overview and Future Outlook
    35:24 Rescheduling and Its Impact on the Industry
    37:25 Conclusion and Contact Information
     
    Find out more about KND Group at:
    https://www.kndgroupllc.com/
    https://www.linkedin.com/in/katie-neer-1b425414/
     
    #KayaCastPodcast #NewYorkCannabisMarket #RegulatoryChallenges #BusinessOpportunities #KNDGroup #InsiderPerspective #PolicingEfforts #ElectionOutcomes #CannabisPolicy #LegalMarketGrowth #RegisteredOrganizations #OfficeofCannabisManagement #PrivateRightsOfAction #CollaborationWithRegulators #PolicyLandscapes #CannabisBusinesses #DispensaryOwners #PolicyMakers #CannabisEnthusiasts #ActionableInsights #EverEvolvingIndustry #StayAhead #CannabisRegulations #KayaCastCommunity #Follow #Like #Subscribe #PodcastPlatform #ScalingAndThriving #CannabisIndustry

    Tue, 12 Nov 2024
  • 124 - Health Benefits for Cannabis Employees: Can You Really Afford It?

    Welcome back to another episode of the KayaCast Podcast, your go-to audio hub for all things cannabis business. Today, we're thrilled to have Craig Scurato from Kind Benefits join us to delve deep into the realm of employee health benefits, specifically tailored for the unique needs and challenges of cannabis dispensaries.

    Navigating health benefits in the cannabis industry can be daunting. With thin margins and fluctuating cash flows, providing comprehensive healthcare to employees can seem like an unattainable luxury for many dispensary owners. Craig brings a wealth of experience and innovative solutions that help dispensaries offer competitive health benefits without breaking the bank.

    In this episode, you'll discover:
    - The challenges cannabis businesses face with traditional health insurance.
    - Innovative tax incentive wellness programs that can be implemented from day one.
    - How voluntary benefits plans can lead to savings and boost employee health and morale.
    - The magic of hospital indemnity programs and their tax advantages specifically beneficial to the cannabis sector.
    - Strategies for leveraging the Affordable Care Act to provide cost-effective health benefits.

    Craig also walks us through the financial mechanics of these programs, illustrating how dispensaries can leverage government subsidies and tax breaks to provide essential health services without the hefty price tag. He sheds light on personalized benefits programs, which allow employees to choose benefits that truly meet their needs, enhancing job satisfaction and retention.

    Whether you’re just starting out or looking to enhance your existing employee benefits, this conversation with Craig is packed with actionable insights and creative strategies to help you build a healthier, happier workplace.

    For those thinking about taking the next step, we encourage reaching out to Craig via his LinkedIn or visiting kindbenefits.co for more tailored advice and services. Don’t forget, providing robust health benefits is not only possible on a budget, but it could be a key differentiator in the competitive cannabis industry.

    Make sure to like, subscribe, and drop a comment on your podcast app. It helps us reach more listeners like you who are dedicated to growing and scaling their cannabis businesses. Until next time, keep growing and stay green!

    Highlights
    00:00 Introduction to KayaCast
    00:11 Challenges of Offering Employee Health Benefits
    00:19 Introducing Craig from Kind Benefits
    01:13 Tax Incentive Wellness Programs
    02:05 Cost and Participation Details
    05:58 Affordable Care Act and Employee Benefits
    08:49 Personalized Benefits Approach
    09:41 Navigating the Health Exchange
    18:49 Considerations for Using a PEO
    25:29 Final Thoughts and Contact Information

    Thanks for tuning into KayaCast, the premier podcast for cannabis business insights. Visit our website to join our newsletter and stay ahead with expert tips and industry news, all dedicated to helping your dispensary thrive.
     
    Find out more about Kind Benefits at:
    https://www.kindbenefits.co/
    https://www.linkedin.com/in/craigscurato/
    https://www.instagram.com/kind_benefits/
    https://x.com/kindbenefits?s=21&t=Zbj0yLLxz5QFNMphiMjOdg
    https://www.facebook.com/BranchBenefits

    #KayaCastPodcast #CannabisBusiness #EmployeeHealthBenefits #KindBenefits #CraigScurato #TaxIncentives #WellnessPrograms #VoluntaryBenefits #HospitalIndemnityPrograms #AffordableCareAct #PersonalizedBenefits #HealthcareSolutions #PEO #CannabisIndustry #HealthcareOnABudget #GrowAndScale #StayGreen #KayaCommunity #StayInformed #ExpertTips #IndustryNews #DispensarySuccess

    Tue, 05 Nov 2024
  • 123 - Turn Your Dispensary into a Market Game Changer

    Welcome to a highly insightful episode of the Kaya Cast Podcast, where we delve deep into the intricacies of cannabis retail strategy. We're thrilled to host Richard McLean, the head of retail at Vibe by California, a leader in the competitive cannabis market of California.

    In this episode, Richard shares his rich experience in both cannabis and traditional retail, offering unparalleled insights into inventory management, vendor relationships, market adaptation, and much more. Discover the unique challenges of cannabis retail, from handling perishable inventory with strategic purchasing to understanding the nuanced demands of different regional markets.

    Richard explains the importance of building strong relationships with vendors to navigate the fluctuations of the cannabis market and reveals tactics for leveraging promotional items and rebates to enhance customer offerings. He also discusses the critical differences in consumer behavior across various store locations, emphasizing the need to tailor retail strategies to specific community needs.

    For those looking to expand, Richard offers sage advice on opening a second location and the importance of understanding local market dynamics and regulations. He shares his personal experiences and practical strategies for ensuring the success and profitability of new retail outlets.

    Whether you're a new retailer crafting your initial inventory strategy or an established player considering expansion, this episode is packed with valuable strategies and real-world insights to help you succeed in the dynamic world of cannabis retail.

    Don't miss this invaluable conversation geared towards helping cannabis dispensaries thrive. Tune in now and equip yourself with the knowledge to propel your cannabis retail business forward!

    Highlights:
    00:00 Introduction to KayaCast
    00:21 Guest Introduction: Richard McLean
    00:54 Understanding Cannabis Retail Strategy
    03:48 Inventory Management in Cannabis Retail
    05:28 Leveraging Supplier Relationships
    06:14 Adapting to Market Changes
    16:12 Customer Feedback and Engagement
    18:26 Expanding to a Second Location
    21:08 Navigating Local Cannabis Regulations
    22:43 Opening a Second Location: Best Practices
    25:09 Hiring and Training for Success
    27:14 Managing Multiple Stores: Key Strategies
    28:58 Customer Experience and Sales Techniques
    33:08 Effective Employee Training Programs
    37:23 Ensuring Accountability and Performance
    41:00 Conclusion and Final Thoughts
     
    Find out more about Vibe by California at:
    https://www.vibebycalifornia.com/
    https://www.linkedin.com/company/vibebycalifornia/
    https://www.instagram.com/vibebycalifornia_/
     
    #KayaCast #CannabisRetail #RetailStrategy #VibeByCalifornia #InventoryManagement #VendorRelationships #MarketAdaptation #PerishableInventory #PromotionalItems #Rebates #ConsumerBehavior #LocalMarkets #CommunityNeeds #Expansion #SecondLocation #MarketDynamics #Regulations #Success #Profitability #Dispensaries #Thriving #RealWorldInsights #ValuableStrategies #Knowledge #CannabisBusiness #CustomerFeedback #Engagement #Hiring #Training #MultipleStores #CustomerExperience #SalesTechniques #EmployeeTraining #Accountability #Performance

    Tue, 29 Oct 2024
  • 122 - Changing Consumption Trends: Here's What to Know

    Welcome to a new episode of the Kaya Cast Podcast, where we explore the dynamic world of the cannabis industry. In today’s episode, we have the pleasure of speaking with Amanda Reiman, Chief Knowledge Officer of New Frontier Data, a leader in consumer cannabis data since 2015. Join us as we dive deep into the evolving consumer trends shaping both emerging and mature cannabis markets and discuss strategies for competing with the enduring gray market in states like New York and California.

    Amanda provides us with an insightful look into the shift toward non-smoked methods of cannabis consumption and the developing sophistication among consumers, moving beyond just choosing between Indica and Sativa to understanding terpene profiles, potency levels, and the unique effects of minor cannabinoids like CBN. We also discuss the impact of new technologies such as nanoemulsification on the edibles market, potentially revolutionizing consumer experiences by offering faster onset times and a more manageable high.

    Further into our conversation, Amanda shares strategies for cannabis retailers to attract and increase their customer base and basket size using targeted data-driven approaches. Learn about the importance of understanding your customer demographics and preferences, and how to leverage this information to tailor offerings that meet specific consumer needs.

    We also explore the broader implications of regulatory changes on the cannabis beverage market and the future potential of consumption lounges as community-focused, safe spaces for consumption. Lastly, Amanda gives us a sneak peek into her educational project, My Personal Plants, and sheds light on the importance of fostering an informed and healthy relationship with cannabis.

    Whether you’re a cannabis business owner, industry professional, or just a curious listener, this episode offers valuable perspectives on the future of cannabis consumption and how businesses can adapt and thrive in this ever-changing landscape.

    Available on Spotify, Apple Podcasts, and wherever you get your podcasts.

    Learn more about New Frontier Data here:
    https://newfrontierdata.com/
    https://www.instagram.com/newfrontierdata/
    https://www.linkedin.com/company/newfrontierdata/

    Find out more about Amanda here:
    https://www.linkedin.com/in/amanda-reiman-phd-msw/
    https://www.mypersonalplants.com/

    Highlights:
    00:00 Introduction and Welcome
    00:05 Consumer Behavior in Emerging vs. Mature Markets
    00:38 Shift Towards Non-Smoked Methods of Consumption
    01:58 Sophistication and Changing Demographics in Cannabis Consumption
    03:35 Challenges for Legal Retailers in Emerging Markets
    07:38 The Role of Nanoemulsification in Edibles
    12:22 Leveraging Data to Attract More Customers
    20:12 Educating on Cannabis for Sleep
    20:50 Barriers to Medical Cannabis Adoption
    22:33 Cannabis Beverage Industry Insights
    23:58 The Future of Consumption Lounges
    25:33 Historical Context of Social Consumption
    27:38 Health Risks and Safety in Consumption Lounges
    30:25 Leveraging Data for Retail Success
    36:55 My Personal Plants: A Balanced Approach to Cannabis
    42:18 Conclusion and Contact Information

    #KayaCastPodcast #CannabisIndustry #NewFrontierData #ConsumerTrends #GrayMarket #EmergingMarkets #MatureMarkets #NonSmokedCannabis #TerpeneProfiles #PotencyLevels #MinorCannabinoids #CBN #Nanoemulsification #EdiblesMarket #DataDrivenApproaches #CustomerDemographics #TargetedOfferings #RegulatoryChanges #CannabisBeverageMarket #ConsumptionLounges #CommunitySpaces #EducationalProject #MyPersonalPlants #InformedCannabisConsumption #Spotify #ApplePodcasts #PodcastListeners #CannabisBusinessOwners #IndustryProfessionals #CannabisEducation #FosteringHealthyRelationships #NewEpisode #AmandaReiman #ChiefKnowledgeOfficer #RetailSuccess #HealthRisks #Safety #FutureofCannabisConsumption #ContactInformation.

    Tue, 22 Oct 2024
  • 121 - Attracting Investors: Strategies from a Top Cannabis Player

    In this episode of Kaya Cast, we delve deep into the mind of a top cannabis industry investor, Scott Grossman, the strategic force behind Turning Point Brands. With a rich background in investment banking and extensive experience in both private and public equity, Scott brings unparalleled insights into what really catches an investor's eye in the burgeoning cannabis market.

    What You'll Learn:
    - Investment Strategies: Scott outlines his approach to evaluating cannabis businesses, emphasizing the importance of a solid team and a clear understanding of the market problem the business intends to solve.
    - Essential Business Qualities: Discover the key attributes Scott believes are vital for a business to attract investment, including direct experience, operational understanding, and a compelling value proposition.
    - Advice for Entrepreneurs: Scott provides actionable advice for cannabis entrepreneurs on what to consider when approaching investors, how to demonstrate potential for scalability and defendability in the market.
    - Navigating Challenges: Learn about the nuances of investment in the volatile cannabis industry and how businesses can position themselves to be more attractive for investment.
    - Insider Insights: Gain insights from Scott’s robust experience on mistakes to avoid and strategies to employ when seeking funds to ensure your business not only survives but thrives in competitive markets.

    This episode is a goldmine for any cannabis entrepreneur aiming to understand the investor’s perspective deeply. Scott not only shares what attracts investment but also discusses common pitfalls and the resilience required to succeed. Whether you're preparing for your initial pitch or looking to expand, Scott’s expert advice could potentially pivot your business strategy towards greater success.

    Make sure to tune in to this insightful conversation full of actionable strategies that could help elevate your cannabis business to the next level!

    Available on: Apple Podcasts, Spotify, and wherever else you love to listen. 

    Subscribe to Kaya Cast Podcast for more insights on growing and scaling your cannabis business successfully.
     
    Highlights
    00:00 Introduction to KayaCast
    00:20 Meet Scott Grossman: Investment Insights
    00:59 Key Factors for Investment: The Team
    05:06 Retail Experience and Unique Value Propositions
    09:29 Top Qualities for Entrepreneurs
    14:32 The Importance of Resiliency
    17:35 Raising Capital: Strategy and Execution
    20:33 Building Prototypes and Demonstrating Value
    23:30 Understanding Your Customer Base
    24:04 Raising Capital: Key Considerations
    27:01 Building a Cannabis Brand
    29:16 Finding Investors in the Cannabis Industry
    35:50 Crafting the Perfect Elevator Pitch
    37:04 Evaluating Investors and Metrics
    43:25 Personal Investment Insights
    45:30 Final Thoughts and Contact Information

    Find out more about Turning Point Brands, Inc at:
    https://www.turningpointbrands.com/home/default.aspx
    https://www.linkedin.com/company/turning-point-brands-inc./

    #kayacast

    Tue, 15 Oct 2024
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