CannaBiz Success Show

“We’re trying to create an alternative to opiates to help give relief to patients when they’re in pain.” – Albert Gutierrez   The finer details of this episode: Importance of cannabis research and its role in the industry.Challenges and successes in cannabis product development and research.Need for standardized products and certifications in the cannabis industry.Discussion on the complexities of cannabis consumption methods and their effects.Importance of consumer education regarding product safety and quality.Challenges faced by the cannabis industry, including regulation and market saturation.Future potential of cannabis research and its impact on medical applications.  Episode resources: Book a free consultation with Guillermo: https://anderscpa.com/virtual-cfo-cannabis/If you’d like to be a guest on the show: cannabizsuccessshow@anderscpa.comLove our content? Sign up for our newsletter: https://www.summitcpa.net/summit-cannabis-newsletterConnect with Albert here: https://www.linkedin.com/in/gutierrezalbert/; https://www.budmary.com/    Timestamps:  Introduction to the Cannabis Success Show (00:00:00) Overview of the podcast's mission to help cannabis company owners scale their businesses.   Welcome Back and Guest Introduction (00:00:25) Guillermo Rodriguez introduces Albert Gutierrez and highlights the focus on cannabis research.   Discussion on Cannabis Research (00:01:22) Brett Adams praises the innovative research work at MedPharm, emphasizing its medicinal potential.   Research License and Alzheimer's Focus (00:02:16) Guillermo mentions MedPharm' research license and their exciting work on Alzheimer's research.   Guest Background and Journey (00:04:10) Albert Gutierrez shares his journey from tech to cannabis, founding MedPharm.   Founding MedPharm and Research Goals (00:05:21) Albert discusses the vision behind MedPharm, focusing on research and understanding cannabinoids.   Challenges in the Cannabis Industry (00:07:21) Albert reflects on the difficulties faced while starting a cannabis company.   Research Framework Development (00:09:26) Albert describes drafting a bill in Colorado to create a research framework for cannabis.   Achievements in Research Licensing (00:10:22) MedPharm secures the first research license in Colorado, enhancing their research capabilities.   Focus on Neuropharmacology (00:10:22) Albert elaborates on their research into cannabis's effects on Alzheimer's and other brain conditions.   Consumer Education and Research Impact (00:12:36) Albert discusses the positive consumer feedback and the impact of research on education.   Research on Cannabinoids and Caregivers (00:13:41) Albert shares insights on the benefits of cannabis for Alzheimer's patients and their caregivers.   Importance of Delivery Methods (00:17:25) Albert explains the significance of different cannabis consumption methods for medicinal purposes.   Timestamps and Topics from the Cannabis Success Show   Creating Alternatives to Opiates (00:20:22) Discussion on developing cannabis products as alternatives to opiates for pain relief.   Legitimacy of the Cannabis Industry (00:21:12) Reflections on the industry's growth and the need for respect and legitimacy.   Challenges at the Flower Expo (00:22:26) Insights on the venue choice for the expo and discussions on industry legitimacy.   Cannabis as a Tax Piggy Bank (00:22:48) The cannabis industry’s heavy tax burden and its contributions to state and federal revenue.   Fragmentation in the Cannabis Industry (00:24:10) Concerns over the fragmentation of the industry and the importance of collaboration among businesses.   Research and Development in Cannabis (00:25:00) Discussion on the importance of research and the challenges faced in the cannabis space.   Cost of DEA Research Compliance (00:26:08) Details on the expenses associated with obtaining DEA approval for research facilities.   Investment in Team and Culture (00:27:59) Emphasis on creating a positive work culture and the potential for team recognition.   Impact of Rescheduling on Research (00:30:10) Exploration of how rescheduling cannabis could affect research and legitimacy.   Political Implications of Rescheduling (00:33:16) Discussion on the political motivations behind cannabis rescheduling and its real-world effects.   Navigating Non-Regulated Markets (00:37:33) Advice for consumers in markets without regulations on how to safely access cannabis products.   Understanding Cannabinoid Content (00:40:24) Albert discusses the importance of cannabinoid content for consumers seeking specific effects like sleep or pain relief.   Risks in Non-Regulated Markets (00:41:44) Guillermo highlights the risks of purchasing cannabis in non-regulated markets and the lack of consumer education.   Evolving Consumer Education (00:42:11) Albert emphasizes the growing trend of companies providing better consumer education and experiences in cannabis retail.   Challenges in the Michigan Market (00:43:59) Albert shares insights on the rapid decline of cannabis companies in Michigan due to corruption and oversupply.   Impact of Licensing on Competition (00:45:19) Brett discusses the oversaturation of licenses in Michigan, leading to fierce price competition among cannabis businesses.   Consumer Education Needs (00:46:05) Brett expresses the need for better consumer education to ensure safe and responsible cannabis consumption.   Future of Specialized Dosage Forms (00:49:27) Albert predicts a shift towards specialized dosage forms in cannabis, targeting specific health needs and conditions.   Research and Development in Cannabis (00:51:16) Albert discusses the importance of accelerated research to create effective cannabis products for various diseases.   Connecting with Consumers (00:52:17) Guillermo emphasizes the need for sharing personal stories to promote understanding and acceptance of cannabis use.   Finding MedPharm and Their Brands (00:53:08) Albert shares where to find MedPharm' products and discusses their various brands and social equity initiatives.