Assertion Supported
Hua: Legalization pushed medical cannabis patients into the illicit market
“The irony of legalization is that there's a lot of medical patients have gone and turned to the illicit market for their products.”
Assertion Supported
Hua: Proposed rules allow cannabis delivery into locally banned California cities
“And in that this iteration, there was a proposed reg on allowing delivery operators to deliver anywhere into the state, even in prohibited areas, which is in contention with the chiefs of police, the league of cities that California definitely prides itself on…”
Opinion
Hua: Canadian cannabis public markets resemble the dot-com bubble
“It's feeling very frothy right now if you look at the Canadian markets.
but there's, because there's only so limited access to invest, that capital flow keeps coming.
It very much feels like the internet
Dot com like bubble that was getting created.
And sure …”
Assertion Not checkable as stated
Hua: New cannabis consumers prefer low-dose edibles over high-potency dabs
“These are like gourmet, low dose, and that's what kind of the new consumer is going after. They're not trying to get blitzed on a dab.”
Assertion Not checkable as stated
Hua: Baby boomers are the fastest-growing cannabis customer demographic
“The fastest demographic we're seeing is actually the baby boomers.”
Assertion Not checkable as stated
Hua: Baby boomers are using cannabis to replace prescription drugs
“You know, they're replacing a lot of their prescription drugs.”
Assertion Not checkable as stated
Hua: Hemp CBD lacks the entourage effect of multi-cannabinoid formulations
“And with CBD especially if you just take it from hemp derived, the problem is there, you don't have this, what they call the entourage effect. And What that pretty much means is each of the cannabinoids kind of help each other with the fact. And so that's why …”
Assertion Not checkable as stated
Hua: 90% of California cannabis dispensaries are mom-and-pop shops
“I mean, 90% of the shops are mom and pop right now in California.”
Prediction Partly held up
Hua: California adult-use sales will hit $3B while medical collapses
“Last year we probably did three billion dollars in medical sales. This year we'll probably do as much of that in adult use sales and medical will be a fraction of that. Maybe, you know, half a billion if we get there.”
Assertion Supported
Hua: 67% of California lacks local regulations, blocking state cannabis permits
“33% of the state that has some form of local laws, and then 67% of the state that has no laws whatsoever. And because of that, you have this disconnect between state law where you can get your permits, but you can't get a permit unless you get your local permi…”
Prediction Not checkable as stated
Hua: Spain and Germany will become major global cannabis players
“I think you're also going to see a lot more exporting globally.
you're already seeing contracts being made with Canada and other countries.
I think you're going to see a rise in Spain and Germany.
they're going to be coming out and being bigger players”
Assertion Contradicted
Hua: San Francisco requires a 30% social equity workforce for cannabis
“Within San Francisco. You're gonna need to hire 30% of your workforce from social equity people. You also, as a dispensary, may need to have a certain amount or certain percentage of your shelf space of products created and manufactured by people from social e…”
Insight
Hua: Cannabis-induced anxiety is usually caused by excessive dosing
“And most people, you know, when they get too paranoid or they get a little bit like anxious, they just did way too much. They have to just, they're just way sensitive. So dial it back, keep dialing it back until you can then add a little bit more.”
Assertion Supported
Hua: Meadow was the first cannabis startup to go through YC
“Which I think is an unfair advantage, but we were the first company to go through.”
Disclosure
Hua: Meadow raised $2.5M on a $12M cap after YC
“Raised two and a half on 12. And so we came out of YC. It took, you know, we didn't close it up all after demo day. It took probably around nine months.”
Assertion Supported
Hua: California will remove the one-acre cannabis cultivation cap in 2023
“There is something that happens in twenty-twenty-three with the laws that allow that removes a one-acre cap.
you know, right now, if you're growing, you have a one-acre cap that you can grow in.
However, people have been doing stacking, so they get a bunch of…”
Opinion
Hua: Evaluating cannabis terpenes is comparable to wine tasting
“I figured we would be able to smell a lot of different flowers so you can get the terpene profiles. I think it's kind of like when you do wine tastings. So I think that's important.”
