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Investor Ideas Potcasts #633, Cannabis News and Stocks on the Move - Interview with CEO of CONBUD and CONBODY


Delta, Kelowna, BC - June 3, 2022 ( Newswire), a global news source covering leading sectors including marijuana and hemp stocks and its potcast site release today's podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.

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Investor Ideas Potcasts #633, Cannabis News and Stocks on the Move - Interview with CEO of CONBUD and CONBODY


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Today's podcast overview/transcript:

In today's podcast, Investorideas interviews Coss Marte, CEO and Founder of CONBUD and CONBODY, where we discussed Marte's incarceration and how he developed CONBODY, how he plans to bring CONBUD to New York as well as the difficulties in starting a legal cannabis operation in New York.

Discussing how CONBODY led to CONBUD, Marte commented, “It's been a long journey. I got into CONBUD because I saw how unfair the industry has been with rich white business owners taking over the industry, while people like myself who have actually been affected by the war on drugs, specifically cannabis, can't take advantage of it. New York State is creating a bold move by stating that the first 200 to 300 licenses will be going to people like myself.”

When asked about his hopes for CONBUD Marte commented, “I feel so hopeful that I meet these qualifications. It's a lot to start a business from the ground up. I feel like I can really give people a second chance, who have been in my position, and really hire people who have come out of the prison system to come work for me. It's not going to be easy but let's see if we can get it. We have solidified our first location now, and we are looking for another two, since the State has said we can open up three at one go.”

When asked what the biggest difference has been when it comes to hiring from within the Prison system, Marte said,  “What they bring to the table is loyalty, hunger and really wanting to be part of it. My retention rate for employment has been at least 4 years and I've been able to hire over 50 people coming out of the prison system. Anybody who's working with me wants to stay with us, and they may not have the technical skills or educational skills at the moment but they will work their butt off. We've built an incredible relationship with the parole office, where we can have a communication line open to prevent these b.s. technical violations that mess people's lives up.”

Marte continued, “On the Parole side they don't test for marijuana anymore. Back in the day when I was on parole, every time I went into the parole office someone was getting violated for dirty urine, and I was going every week. It's great to see that they're being progressive and they've taken that away from violating people. They're growing with the movement. On the federal side I think it's still so messed up that people are still getting incarcerated for marijuana while other people are becoming multi-millionaires for taking advantage of the industry.”

When asked about the illicit operations in New York and how he sees the legal market unfolding Marte commented, “I trust that the system will work. They've been sending a lot of cease and desist letters, and I feel like if you got one of those letters, it's going to be really difficult to transfer over to legal work after they gave you a warning. I'm trusting the process and that New York city is going to do the right thing.”

Coss Marte recently spoke at TedxBerkeley 2022 where he went into much more detail on what it's like to hire from prison the system and the potential of untapped talent and how this impacts his strategy for CONBUD.

Marte went on to discuss some of the crossover potential between CONBODY and CONBUD in the future, expectations for CONBUD and when he expects New York to come online, as well as the future of the industry in general.

To find out more information about CONBODY click here.

To find out more information about CONBUD click here.

Investor ideas reminds all listeners to read our disclaimers and disclosures on the website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.

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About - News that Inspires Big Investing Ideas publishes breaking stock news, third party stock research , guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea's original branded content includes podcasts and columns: Crypto Corner, Play by Play sports and stock news, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast, Cleantech and Climate Change, Exploring Mining, Betting on Gaming Stocks Podcast and the AI Eye Podcast.

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