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VN
Vincent Ning
10/11/18
@ Y Combinator
The cannabis industry is seeing a shift towards products that are ratio-based or effects-based, rather than just strain-based, to appeal to a broader audience.
Video
YC
Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends
@ Y Combinator
10/11/18
Related Takeaways
DH
David Hua
10/11/18
@ Y Combinator
The cannabis consumer experience has evolved significantly, with a variety of products now available on the market.
YC
Y Combinator Cast
10/11/18
@ Y Combinator
The cannabis industry needs to educate consumers about the origins and production of cannabis products to enhance their value perception.
DH
David Hua
10/11/18
@ Y Combinator
The cannabis market is becoming more expensive, but consumers benefit from a wider selection and product testing due to legalization.
DH
David Hua
10/11/18
@ Y Combinator
Brand loyalty exists in the cannabis market, but many consumers are also open to trying new products based on recommendations from budtenders.
VN
Vincent Ning
10/11/18
@ Y Combinator
In the cannabis market, the most common products purchased are flour and pre-rolls, as they represent the base understanding of cannabis for consumers.
VN
Vincent Ning
10/11/18
@ Y Combinator
The fastest-growing demographic in cannabis consumption is actually baby boomers, who are increasingly replacing prescription drugs with cannabis.
DH
David Hua
10/11/18
@ Y Combinator
Many medical cannabis patients have turned back to the illicit market due to price imbalances between legal and illegal products.
DH
David Hua
10/11/18
@ Y Combinator
California's cannabis market is fragmented, with no dominant brands due to regulatory hurdles and the need for local permits, which creates a disconnect in the industry.
YC
Y Combinator Cast
10/11/18
@ Y Combinator
Social equity programs are emerging to help disenfranchised individuals enter the cannabis industry, with some companies incentivized to support those affected by past cannabis laws.