Ning: Compliance forced dispensaries to video-record destroying millions in cannabis
Vincent Ning · Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends · Y Combinator · Oct 11, 2018 · at 41:23
Vincent Ning, co-founder of Nabis, describes the physical destruction of non-compliant inventory triggered by California's Phase 2 testing regulations.
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“Well, because for compliance, you have to record yourself disposing of the product, whether you burn it or smash it or whatever. There's videos of dispensaries just like as evidence, just like damaging all their products and just basically having this huge demolition day of like millions of dollars worth of product.”
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