David Hua, CEO of cannabis software platform Meadow, explains upcoming regulatory shifts in California cultivation limits during a discussion on industry scaling.
“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 licenses to stack.
But once twenty-twenty-three hits, unlimited size grows can happen.
In California.”
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More from David Hua
AssertionSupported
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.”
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AssertionSupported
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…”
David HuaOct 11, 2018▶ 32:41Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends · Y Combinator
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 …”
David HuaOct 11, 2018▶ 47:56Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends · Y Combinator
AssertionNot 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.”
David HuaOct 11, 2018▶ 4:41Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends · Y Combinator
AssertionNot checkable as stated
Hua: Baby boomers are the fastest-growing cannabis customer demographic
“The fastest demographic we're seeing is actually the baby boomers.”
David HuaOct 11, 2018▶ 10:07Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends · Y Combinator
AssertionNot checkable as stated
Hua: Baby boomers are using cannabis to replace prescription drugs
“You know, they're replacing a lot of their prescription drugs.”
David HuaOct 11, 2018▶ 10:15Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends · Y Combinator
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