The Dime Built for Consolidation, Guided by Icahn-Like Discipline, and Poised for Cannabis’ Next Iteration, ft Jared Maloof
Setbacks early on can reshape everything.
They can alter your future strategy, shift your appetite for risk, and — if you’re patient — quietly set you up for success while others chase growth at any cost.
As with any company, “figuring it out” is part of the job. And sometimes, that figuring it out happens faster than you’d ever hope.
The challenges you face early in your cannabis journey become the lens you see the world through — for better or worse. Those lessons, combined with the financial discipline from previous chapters of life, shape your decision-making, your culture, and your tolerance for this chaotic industry.
And as cannabis braces for consolidation and a $6B debt wall, that slow, methodical approach might prove to be the ultimate advantage.
This week we sit down with Jared Maloof, CEO of Standard Wellness, to discuss:
• How early mistakes built long-term discipline
• Why focused, prudent capital deployment became Standard’s superpower
• The playbook across Utah, Ohio, and beyond
• Conversations with Carl Icahn
Chapters
00:00 Introduction to the Cannabis Journey
02:55 Transitioning into the Cannabis Industry
06:10 Challenges in the Early Days
09:07 Expanding into New Markets
11:58 Navigating Regulatory Differences
15:06 Operational Efficiencies and Vertical Integration
17:55 The Future of Cannabis Expansion
25:52 Navigating the Licensing Landscape
27:40 Market Dynamics and Qualifying Conditions
29:12 Interstate Commerce Considerations
31:43 The Impact of Hemp on the Cannabis Market
34:25 Consumer Perception and Market Competition
38:20 The Future of Cannabis Beverages
40:16 Opportunities Amidst Industry Challenges
44:20 Leveraging AI in Cannabis Operations
46:15 The Importance of Uplifting for Industry Growth
Summary
In this episode, Bryan Fields and Kellen Finney engage with Jared Maloof, CEO of Standard Wellness, to explore the evolving landscape of the cannabis industry. Jared shares his journey from finance to cannabis, detailing the challenges faced in Ohio's market, the strategic decisions made for expansion into states like Utah, and the complexities of operating in a highly regulated environment. The conversation also touches on the impact of external factors, the role of AI in operations, and the future prospects of the cannabis market.
Guest Links:
https://www.linkedin.com/company/standard-wellness-company/
https://www.standardwellness.com/
https://www.linkedin.com/in/jaredmaloof/
Our Links
Extraction Teams: Want to cut costs and get more out of every run? Unlock hidden revenue by extracting more from the same input—with Newton Insights.
At Eighth Revolution (8th Rev), we provide services from capital to cannabinoid and everything in between in the cannabinoid industry.
The Dime is a top 5% most shared global podcast
The Dime is a top 10 Cannabis Podcast
The Dime has a New Website. Shhhh its not finished.
🎥 YouTube: The Dime
📸 Instagram: The Dime
https://www.newton-insights.com/
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.