How 2 Engineers Are Dominating the Cannabis Industry l Nabis Jun and Vince
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- Опубліковано 24 жов 2023
- It is with great privilege that we bring to you the inspiring story of two exceptional young founders who have redefined the landscape of cannabis distribution. Allow us to introduce Jun and Vince, the visionary minds propelling Nabis, the world's largest wholesale platform and distributor for cannabis products.
With problem-solving at the core of their engineering backgrounds, Jun and Vince made a bold choice to venture beyond their comfort zones. As distributors of cannabis products, they took it upon themselves to personally deliver these goods, unearthing the real issues within the industry. Remarkably, they now handle the delivery of a staggering 20% of all cannabis products in California.
As you delve deeper into their narrative, you'll uncover the profound transformation brought about by Jun and Vince. They've not only broadened their horizons but have also spearheaded a new era in cannabis distribution. Prepare to be inspired by the extraordinary journey of these two trailblazing individuals, and the significant impact they've made on the world of cannabis.
EO stands for Entrepreneurship & Opportunities. We're looking for more inspiring stories of entrepreneurs all over the world, so don't hesitate to contact us! :)
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Wild.. I went to Middle school with Vincent and sat next to him in Band Class. Congrats on the success Vincent.
A Chinese dude and a Korean dude running the weed block is wild to me
🤣😂
Well the Chinese was the first record history for medicine use. The Korean have Chinese blood.
High IQ + industriousness => win
No wild really..it's making money.
It's Harold n Kumar all over again 😮😮
I appreciate how inclusive your content is for all investors. No matter the age. the financial situation, or the financial knowledge. everyone can find a piece of information that will help them or provide food for thought. Good job
yeah, mass produced Cannabis is scur on the Cannabis industry and will ultimately ruin the true forms of this precious medicine. I don't think helping it's propagation by these type of people who self-admittedly doesn't know the culture and obviously doesn't understand the medicine. But hey, you will get your foie gras factory pumped 7 weeks varieties very efficiently so BIG PHARMA can totally control it.
He speaks excellently
An engineering mindset can solve everything.
As long as they don't have to work on anything they engineered.
Yes. He doesn't smoke!!
@travis you smoked too much weed brother
@@stupidguy97username checks out
Its true but he also made emphasis on how important soft skills are. Knowing how to sell can be the big differentiator.
really appreciate how articulate and intelligent he is.... shoot i wish i could talk like that
He talks very simply and directly. He’s definitely smart because he talks about complex ideas very simply
I like when they work more not helping and more in picking up people to do better things.
Theyre a distributor not really a cannabis company
Inspiring
Thanks you so much for sharing your achievement of your dream. You have a very good mindset of creating company, you give me a courage to in approved my achievement sir.
2:06 SEEING WHAT WAVES ARE OUT THERE AND DECIDING TO SURF THAT WAVE
main takeaway
Thanks for sharing
Very smart guy
Engineers will dominate the world
Engineers already are. So much of the luxuries of the modern world are designed/built by engineers.
…from Europe and Japan.
Fun fact: 30% of Fortune 500’s CEOs have a engineering degree😅
Engineers have no idea how to sell products. They are generally really bad at running businesses and generally lack the creative fluidity that entails b2b, b2c sales funnels, and marketing.
@@williamvn2928 And look - none of them are using it.
Thank you
Soooo basically a "legal" silkroad with control over the distribution channels (amazon model) rather than using the US mail. Did I miss anything ?
It looks like a glorified cannabis dropshipping company with custom software to make it a startup. Please correct me if I am wrong.
You don't have to reinvent the wheel to make a successful company; they saw a problem with a straightforward solution and capitalized on it. Please correct me if I am wrong.
How did they get a bank to work with them in the first place? Correct me if I’m wrong but isn’t the no federal insurance for banks who deal with cannabis companies no ne will do it?@@adohsh5425
I am incorrect when I am wrong. Please correct me if I am wrong.
No, they are a logistics and a SAAS company. "Dropshipping" btw they said they fulfill retail meaning they deliver products to recreational dispensaries. Drop shipping is when a small retailer (that typically sells in small quantities to the general public) receives a single large order for a product. These guys are the movers, not the retailer or the supplier.
Inspiring ❤
I can raise the earth 🌎🌍 think biggest 10X
Do you except the challenge?
#kenlevelup
Try to surf this 🌊🌊🌊🌊🌊🌊🌊👋😂🎉
Inspire to be a drug dealer? 😂
they're Amazon for weed right? Just want to make sure I'm understanding
No think more Costco this is wholesale
Hell no.. lmao! They are in 1 state and probably just southern area. You can see their revenue last year was 10.9mil. They may not even be profitable yet. You can find that out if you care.. In Orange County alone people spent 157mill on weed.. so this is clickbait video. I will never remember these guys.. they ain’t no business geniuses. It’s all timing..
14 years in the cannabis business, multiple licensed operations. Never heard of this company or these guys lol
It’s all smoke and mirrors. California economy is struggling.
I know right..lol. The title of this making them look stupid too. I would NOT let that slide…shows some egos may be at play and that’s a RED FLAG to me if I was an investor.
I also have 14-15 years in the cannabis industry and have never heard of these guys.
Good, mass produced Cannabis is scur on the Cannabis industry and will ultimately ruin the true forms of this precious medicine. I don't think helping it's propagation by these type of people who self-admittedly doesn't know the culture and obviously doesn't understand the medicine. But hey, you will get your foie gras factory pumped 7 weeks varieties very efficiently so BIG PHARMA can totally control it.
He did say 20% of california, not the entire market
Sorry the cannabis industry needs less large corporations taking money from us small farmers. I will always support the black market and small mom and pop growers.
Let the little guy enjoy the ☀️ 🌲 cannabis you became a beast and they didn't see it . I hear 25 billion I want in. Need recreational marijuana in Pennsylvania
You smoked too much weed
Large corporations are great. I'd much rather buy from a dealer than some loser druggy on a street corner that over charges me and is late 90% of the time
@@kangaroomax8198they are referring to legacy people who kept the industry alive for the last like 60+ years. Not some druggy on a corner maybe learn a bit about the cannabis industry before making comments like that. These guys are fine but they wouldn’t have their business if there wasn’t legacy people in the industry.
They’re a logistics and delivery company for cannabis, they don’t grow the weeds. Having a platform and reliable distribution are good for small companies
1:53 I believe most people feel that way about their abilities and the lack of utility of them in their role. But most don't take action to move into a situation where they are best used.
so practically there a 3pl for cannabis industry?
Facebook and PayPal alumni are taking over
Yup. Fuck rejections, fuck failures, stick to your vision that's a success already.
태용님 한글 자막이...
이런 한국 대마초 사업가분께 받은 햄프 재료들고 작년 5월 실리콘밸리 갔다왔는데. 저 분을 미리 알았다면 허탕치지 않았을텐데. 그나마 친환경 투자자와 미팅하고 온게 다행이려나...하지만 아쉽다
2:08 seeing what waves are out there, then surfing the wave. 3:18- 3:31found out a problem, figured it was a big enough problem to solve in this specific market
These guys definitely never get high of their own supply.
😂😂
My dream ❤
You don't have to be from a particular background to dominate. You just have to be Asian
Crazy a weed mogul is Korean xD
Very true lol
how long is this dude's visa?? think about it...with the market and product and the state...follow the $$$'s cali
Just be a Harvard engineer bro, so easy for everyone else.
Korean solving a problem with a substance that is completely forbidden and illegal in Korea.
Interesting
Somebody’s gotta do it
Let’s get this straight, this company ain’t dominating anything with a measly 10.9 mil in REVENUE in 2023. AND the market is redhot..
Maybe if you did a little more research than just 1 google search you would find out that those numbers are from 2021 and in 2023 they are now rank 1340 on inc. 5000. for fastest growing companies 😅
wheres ur company with 10.9m rev?
Hi my name is joon seop yi too
How do they not get raided compared to other situations? This is going to be an even worse monopoly after de-scheduling.
the vast majority of weed in california isnt "legal" these guys dont have as big as a market share as people think and its not sustainable if weed laws in California are changed. Its not possible to grow quality weed and get it to customers at scale so legal weed in cali is dry garbage thats barely worth smoking. I dont think these guys are really legit this sounds like some business smoke and mirrors shit and no wonder why the weed is shit they have it sitting in boxes on shelf's in a warehouse. They dont even seem to understand their own industry.
That's 2 mob bosses in the making.
Nabis nice name derived from cannabis
그린타잔?
nice, what if ai make a trypophobic museum, would anyone go and see it there?
Man studied applied math (hard as fuck) and comp science at once. Wtf
1
This is so unethical. For people to now make millions in revenue when millions of people went to jail for this exact thing. Insane.
Who sells the stuff here? Let’s connect and make some sales.
They have big money behind them they are smart guys but how much ownership do they have.
somehow I felt like I am watching the 2023 version of "Narcos"
Is he allowed to enter SKorea? I believe korean citizens are sent to jail even though they participated in cannabis activity overseas. Our man is basically the top dog of distribution of weed. That sounds like a lot of legal work to work around if he plans to enter korea any time soon..
After millions of Black Men in jail for weed
Oh yes make my medicine a monopoly great
SCALE it OUT😊
That black americans are not dominating this industry is a seriously missed opportunity. I mean how?
I started selling herb at 12 and growing at 15. I've spent decades in the business. When it comes to cultivation, apart from the few dready dudes I've met in the hills, I rarely came across any Black cultivators. I have met loads of Latinos, Hmong, Chinese, Bulgarians, Europeans, and lots of other growers of different backgrounds. Have definitely worked with lots of Black Cannabis enthusiasts, just very few who were producers.
What herbl wanted to be
Let’s federally legalize it U.S.A. !!!!!
Fuckk ya yall hiring?
How many stoned dudes are sitting at home and are thinking : the same idea i had also. But im to lazy.
At ti ti ti 😁
You don't have to be an engineer to get people high AF and make money from their self indulgence
These people are no different than drug dealers. You can claim that it's all legal. But these people profit from a drug gateway substance. You think weed doesn't lead to other crap? It does.
yeah but being one helps
@@elijahgtpif we weren't " meant" to consume cannabis.......then let me ask you a legit question....why would God or whom you MIGHT pray design the human body with an endocannabinoid system??????? Take allllll the time you need to answer.😊
They are the supply company, not the growers, not the sellers. It's logistics and data, and for you to make such a company you need some engineering knowledge otherwise it will fail, or you have to have money and invest or outsource the tech
@@elijahgtp Everything leads to something else that is literally reality? You ok my dude?
Black ppl who feel outdone : WAKE THE F*C UP
Funniest part is when Jun states "It takes 10 years to build a great company"
Uh ... really?
Read Jim Collins books, Great by Choice, & Good to Great.
Of the tens of thousands companies his team analyzed, less than 25 ever achieved greatness.
Just thinking, if you guys do that in 10 years that would be something no one else has done.. Of course, there's a first time for everything. But maybe if you truly are interested in building a great company, which is entirely different than an exit, you may want to expand your horizon by a few decades.
That’s a fair point Darren! I think I was quoting a commonly used YC mantra that it takes “at least” 10 years to build a great business.
What I mean to convey is that it takes a long time to building something great, and 10 years was more of a figure of speech to indicate some significant amount of time. I thought it was an important point to get across so people don’t view these stories as another case of “overnight success.”
Looking forward to meeting you face to face sometime soon 🙂
@@JunSLee Likewise :) Anything worth doing, is better done slow!
Brother, I think you smoked too much weed. Your thoughts are incoherent.
2 asian hitech drug cartels
LOL
He’s a professional drug dealer I see 😂
They can have it hahahah no one wants legal weed wit the crzy tax’s 😭😭
Did anyone hear anything about the healing of there soul from cannabis? I keep hear how not it did or has did it save the real active anything?
Level: Asian
Finally he became a druglord 😊
The stigma of cannabis consumption is still there given the fact that you guys can't find stock footage of said consumption to include in this video. 😂
Weed can also activate someone's Schizofrenia without them even knowimg they have it. That also makes them discover a part of their brain they didn't know they had. But, Hey! Nobody wants to associate weed with bad things 😂
he def had plastic surgry
That Asian money laundering
you looking for help
You guys solved no real problem and would be the last people I would get behind and support! Know your place and find something else to do. U may find down the line you end up with nothing but a bumpy ride and a pocket full of memories! We need legacy operators first and for most.
Wtf lol
Blaze up cowboy and remember that casting such spells can bounce back. There's a dozen ways I can see how to make money off just this one distributor.
The amount of jealousy and butthurt in these comments are hilarious
bro mad cuz nobody buying his homegrown weed in a reused plastic grocery bag anymore
Jealousy! Lol no if you don’t understand don’t worry about it. Keep supporting your big box no flavor vibes. We will never see eye to eye
Hes dressed like a Watch Dogs 2 cult leader
Be out of business if Amazon starts doing it
Legal drug dealers haha love to see it
Clickbait
Creating a company to sell the company and eventually it’ll go out of business like the rest of the companies here
This market is so unethical and the people getting involved with selling cannabis to the public are crazy
Stop growing mids!!
Everything wrong with the industry buy it off the street and support your local drug dealer
Oh they’re like a version of leaftrade
lol.. minor player at best.
This is a giant scam or seems like it
YEAHH sure can you access diffrent parts of your brain... shizo is not nice!!! money blabla bla some one needs money here...
not a problem worth solving
nothing is worth solving if there's money in it
If you over 25 and your weed isn’t coming in a ziplock bag congratulations you played yourself
I prefer turkey bags
This is the type of guy that thinks he’s better than others. Imma sell it to them but I don’t consume it myself. Chinese -.-
These guys are not running anything in cannabis 😂😂😂😂
Just another Distro company.
According to the title they run 20% of the market
@@stupidguy97 laughable for sure.
thats the best part of it all. they created a system to have it run as smooth as your brain.
@@richchadbro you probably think you’re funny in real life 😂😂😂
Lame.
Ask anyone in CA cannabis if a distro sets the tone of the market….or any market.
@@juandoe4934the point is they are making money....
I thought legalization of cannabis was solely for the less fortunate, to have two engineers running a company seem to defeat the purposes. I think California has it wrong. It should be two individuals from underserve community now taking weed to the public instead of the shady street corner. Shameful Cali.
deport them
these guys r destroying humanity
Too much talking
you run 20% of the legal market you claim its a 20B market yet you claim only 1bil sold PHONY plus you company is very low rated
This dude doesn't even smoke, he doesn't care about the plant. We don't really need people like this handling our market. He looks at things purely with numbers and dollars. You are not championing a cause, you found a niche to make (keep, you and your brother were obviously born rich) you rich. Snooze.
This is not the attitude to have.
They found a problem that no one wanted to deal with and with the help of their engineering background they found a solution to make it simple for all cannabis entrepreneurs and enjoyers.
The reason you, me, and everyone has safe, convenient, and quick access to quality cannabis is due to their systems.
because everyone who loves weed to much is to 'creative' to be bothered solving the complex problems 🤷♂
it's only a problem cos of the current legal system... this would not be an issue otherwise... weed is incredibly easy to grow in most climates.@@bentucky4324
again.... complicated problems that only exist cos of some fucked up legal system that makes it some kind of issue to grow an easily growable plant... really not an issue if oyu don't hafvee a mafioso corporate run government trying to make monopolies out of good natural easily accessible things...@@ayesa1118
I was a dispensary manager and before I was promoted to making routes/manifests, packaging orders according to legal guidelines, and being held responsible by the largest MMTC in the southeast US, I was delivering the medicine myself as a dispensary associate. This is not a problem in legal dispensary markets - delivery is commonplace, convenient, and safe. I was corporate weed. These guys are corporate weed. I hate corporate weed. @@bentucky4324
I personally don't think cannabis unavailability to addicts is a problem worth solving. Addicts are basically wasting their money and time for addiction. So I may admire business strategy of above 2 engineers, but I feel that making Canabbis access easy for people is just not good for society.
Agreed. They are just glorifying drug dealers.
meh who cares, make that bread.
i’d do what they’re doing too if i could make 8-9figs
would be bad decision to pass it up
Cannabis isn't addictive if used responsibility.
Making alcohol accessible to people isn't good for society or health and also Tobacco companies. Please add guns to the list too.
The oldest traditional methods for growing and cultivating cannabis still can be the most efficient, well yielding and super high-quality product. Considering the super strains of decades ago, it seems the old techniques have become a lost art.
No bank will touch them in the US. This industry is also on a massive decline because inventories are way oversaturated because it is a very easy crop to grow, legalization is bad for businesses like this because it has low barrier to entry, no moat and people can just grow their own. Canadian companies got slaughtered after full legalization because of this and the US will be the same. Their best bet will be to sell off the company to big tobacco who will steamroll the industry upon legalization.
No wonder why the bud sucks now… engineers are growing not farmers