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Keegan Peterson

๐Ÿ‘ค Speaker
117 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

Absolutely.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

Thank you for having me today.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

Cannabis is a fascinating industry right now.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

It's a fascinating experiment.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

And it's a great place for the technology industry to really play a big part in solving some of these issues.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

It's federally illegal and it's state legal.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

And that provides a pretty interesting environment with a lot of challenges.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

And folks like myself are creating software technologies to help bridge that gap.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

For the longest time, almost a year, I self-financed it.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

And then we've now raised $3 million of traditional funds from VCs and folks like that.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

We are an interesting vehicle in the cannabis industry.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

It's been hard to get traditional investment vehicles to come in.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

However, our business model is so familiar outside of the cannabis industry that we were that vehicle that made a lot of traditional conservative investors come and take a plunge into this industry.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

So we've been very fortunate to have some funds and VCs that come on.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

So cannabis touching businesses either grow the plant, they sell the plant or they extract the plant.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

So they take the plant, put it into a machine that presses it into oil and they bake that into cookies or into vaporizers, things like that.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

So those are businesses that are actually touching the plant.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

And those are the businesses that we service.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

Marijuana, weed, cannabis.

SaaS Interviews with CEOs, Startups, Founders
735: Sell Cannabis? He's Raised $3m To Be Your Payroll Management System

Marijuana and weed has had a negative stigma from the past, from the war on drugs.

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