Why The Way We Socialize Is Changing & How To Evolve Ft. Jake Bullock, Co-Founder & CEO Of Cann
Episode
46 min
Read time
2 min
Topics
Productivity, Startups, Fundraising & VC
AI-Generated Summary
Key Takeaways
- ✓Product Potency Strategy: Cann uses two milligrams THC per serving, matching the body's one-hour metabolism rate similar to beer or wine, avoiding the anxiety and paranoia from traditional 100-milligram cannabis products sold in dispensaries.
- ✓Customer Discovery Pivot: Initial target was young millennials, but Brentwood moms became killer customers because parents with toddlers cannot function hungover at 5am wakeups, creating demand for buzz without next-day consequences in the parenting demographic.
- ✓Retail Launch Approach: Secured MedMen, California's largest dispensary chain, as first customer by going directly to major retailers instead of building through small stores first, then personally delivered products via Instagram DMs to create early brand momentum and gather feedback.
- ✓Fundraising Environment Shift: Early growth phase prioritized revenue doubling annually with easy capital access, but interest rate changes forced pivot to profitability focus with 30-40% growth, requiring fundamental unit economics fixes rather than growth-at-all-costs mentality for survival.
What It Covers
Jake Bullock, CEO of Cann, explains building a THC beverage brand from zero to millions in revenue, navigating cannabis regulations, creating product categories, and designing low-dose social drinks as alcohol alternatives.
Key Questions Answered
- •Product Potency Strategy: Cann uses two milligrams THC per serving, matching the body's one-hour metabolism rate similar to beer or wine, avoiding the anxiety and paranoia from traditional 100-milligram cannabis products sold in dispensaries.
- •Customer Discovery Pivot: Initial target was young millennials, but Brentwood moms became killer customers because parents with toddlers cannot function hungover at 5am wakeups, creating demand for buzz without next-day consequences in the parenting demographic.
- •Retail Launch Approach: Secured MedMen, California's largest dispensary chain, as first customer by going directly to major retailers instead of building through small stores first, then personally delivered products via Instagram DMs to create early brand momentum and gather feedback.
- •Fundraising Environment Shift: Early growth phase prioritized revenue doubling annually with easy capital access, but interest rate changes forced pivot to profitability focus with 30-40% growth, requiring fundamental unit economics fixes rather than growth-at-all-costs mentality for survival.
Notable Moment
Gwyneth Paltrow became the first celebrity investor after revealing she had been the cofounder's teenage babysitter in New York City, joking about whether they had previously met in a different context during their Santa Monica pitch meeting.
Episode Transcript
The following podcast is a Dear Media production. She's a lifestyle blogger extraordinaire. Fantastic. And he's a serial entrepreneur. A very smart cookie. And now, Lauren Everts and Michael Bostick are bringing you along for the ride. Get ready for some major realness. Welcome to the Skinny Confidential, him and her. Hello, everybody. Welcome back to another episode of the Skinny Confidential, him and her show. Today, we have Jake Bullock on the podcast. He is the cofounder and CEO of CAN, the THC infused beverage company revolutionizing the way people socialize. Cannes offers a range of micro dose beverages that serve as alcohol alternatives made with simple all natural ingredients. This episode is all about carving out your own category, your own niche, creating a brand from the ground up, understanding a little bit more about what's going on with alcohol alternatives. We also talk about alternative health practices, Dry January, the future of social drinking, and how to build a business from scratch, like I said. Jake and his team have built an incredible company and an incredible brand and there's a ton of lessons in here for any aspiring entrepreneurs, brand builders, marketers, and anyone looking to build a brand that stands out. With that, Jake, welcome to the Skinny Confidential, Him and Her Show. This is the Skinny Confidential, Him and Her. So grandmas are drinking THC infused beverages. They are. It's pretty amazing. I mean, we started the company for, like, cool millennials that are young and wanna be social, go out, you know, close down the dance floor, but be in a workout class the next morning. And we kinda designed it around that thinking that's who would love the products. And we very quickly found out that we were wrong about that. We first learned this from Brentwood moms. There were, like, women that were going into MedMen where we launched and buying out the entire store of of Cannes. And I told you I was shipping it from LA to Austin when you guys first started. What year was that that you started? So we launched in the 2019. Yeah. Because it I remember it was like a thing. If you knew about it in LA, it was like people were like, where do I get a can? Like, where where are they? And you yeah. I think you had, like, a driver would show up or you'd have to go to a dispensary. Yes. And it was, like, a rare item to find. Yeah. Because we launched in the dispensaries, there was also, like, delivery services. It was really hard to get. And they the model is a pretty challenging model, the dispensary model. Often, they're out of stock. They didn't really care about beverages, and especially ours because it's so mild. It's not gonna get anyone high. Most people go into dispensaries to find products that get them high. And so we were kind of an afterthought. And as a …
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