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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

So I think the industry is now focusing on the word cannabis because that still has a positive light in a lot of people's minds.

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

How do we make money?

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

So we sell a service to our clients and we help them pay their employees, pay their taxes, and they pay a recurring fee by the amount of employees that they have.

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

So we take on a lot of the responsibility of making sure their taxes are paid correctly and calculated correctly.

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

Intuit's like an advanced Excel.

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

So we take on that liability for them and make sure that they're doing it correctly.

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

Yeah.

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

So it's not only the PR aspect, but they're backed by big national banks and those banks can't touch cannabis cash and they need those banks to run payroll through.

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

So because of that hurdle, they cannot service this clientele, which leaves a big opportunity.

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

And right now we're the only national reaching payroll HR technology in this industry.

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

Yes.

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

We have quite a lot.

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

The number that we share is we're in 17 legal cannabis states right now.

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

The business owner.

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

We're selling directly to the business owners.

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

I launched it two years ago.

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

A friend of mine owned a dispensary and been dropped by seven different payroll HR vendors.

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

And this is my background.

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

I've been doing this for seven years in the traditional big box retail space.

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

And he said, hey, you've got to figure this out for me.