Dive into Kaya Cast each week for candid conversations with the visionaries shaping the cannabis landscape. We sit down with industry trailblazers to uncover their hard-earned insights and incredible experiences—arming retail entrepreneurs with the know-how and motivation to build a cannabis business they'll love.
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Dive into Kaya Cast each week for candid conversations with the visionaries shaping the cannabis landscape. We sit down with industry trailblazers to uncover their hard-earned insights and incredible experiences—arming retail entrepreneurs with the know-how and motivation to build a cannabis business they'll love.
From Struggle to Success: Lessons for Growing Dispensaries | Part 1
Kaya Cast
48 minutes
2 months ago
From Struggle to Success: Lessons for Growing Dispensaries | Part 1
In this insightful episode of Kaya Cast Podcast, host Tommy Truong sits down with Ernest Toney, founder of BIPOCann, to explore the journey of building a cannabis-focused business that champions social equity licensees. Ernest shares his transition from working with major cannabis trade shows to launching BIPOCann during the pandemic, driven by a passion to support underrepresented entrepreneurs navigating the complex cannabis industry. They dive deep into the unique challenges startup and scaling cannabis businesses face—especially those related to licensing, financing, marketing, and managing unexpected regulatory hurdles. Ernest offers valuable advice on goal setting, prioritizing impact-driven work, and building strong community support to achieve sustainable growth. Plus, hear about BIPOCann’s successful mentorship accelerator programs and impactful stories of businesses securing funding and winning pitch competitions. Whether you’re just launching or looking to scale your cannabis venture, this episode is packed with practical insights to help dispensaries and cannabis brands thrive in a dynamic market. Tune in and learn how to position your cannabis business for long-term success!
Find out more about BIPOCann at: https://bipocann.com/ https://www.linkedin.com/in/ernestltoney/ https://www.linkedin.com/company/bipocann/
00:00 Introduction and Welcome 00:15 Ernest's Background and Journey into Cannabis Industry 02:48 Challenges and Opportunities in the Cannabis Industry 04:54 The Evolution of BIPOCANN 06:40 Supporting Social Equity License Holders 09:01 Helping Startups vs. Scale-ups 13:58 Common Challenges for New Cannabis Entrepreneurs 22:08 Strategic Planning and Goal Setting 40:47 Access to Capital and Funding 46:20 Conclusion and Next Episode Teaser
Dive into Kaya Cast each week for candid conversations with the visionaries shaping the cannabis landscape. We sit down with industry trailblazers to uncover their hard-earned insights and incredible experiences—arming retail entrepreneurs with the know-how and motivation to build a cannabis business they'll love.
