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Today's Twitter Spaces Interview is with Nick Tennant of Precision Extraction runs of one of the largest cannabis extraction consulting firms and can connect you with a marijuana expert, cannabis expert, medical marijuana expert, or manufacturing contact if you're a MMJ business looking to grow.
https://precisionextraction.com/
Rob: Nick has a huge operation going in terms of its influence in helping companies that are trying to get into the extraction space so they can create marijuana
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products with a consistent amount of dosing and is really doing a lot in the space for marijuana, making it more easy for companies that want to jump in to do so with a certain level of expertise and experience.
Nick: Thanks for having me. It's a pleasure to be here.
Rob: I think one of the most interesting areas that people outside of blockchain had been requesting an interview on or some sort of a primer on has been marijuana. I was telling you before the show that there's a lot of overlap, like VC funds that are in blockchain are also heavily.
A lot of times. Medical marijuana here in Southern California, like getting either distribution or processing or manufacturing. How did you come into first blockchain and then marijuana in terms of as a career.
Nick: Sure. So I've been in blockchain since 2016, and I guess you would kind of characterize me always as a technology enthusiast, right? Like any sort of disruptive technology I've always gravitate towards. And I just try to understand. As much as I can about why it's disruptive, why the technology is going to change the future state of the world and kind of run through scenarios in my head about, if this, then this and how will this progress and proceed.
And what's the, the likely paths and the likely outcomes. And I think when you run through. That thought process, it leads you to understand the future state of the world. And blockchain was one of those things that obviously, with Bitcoin back then with the financial system set up the way that it is, and we can go into all that long-winded conversation of course, there, but just really saw the future state of the world being integrated with blockchain and being integrated with decentralized technologies and, and Independent currency, right?
Like this parallel monetary system that's being built next to this old system that has many flaws of course, and live through the, the 2017 boom, watch the Ethereum go from seven bucks all the way up to, 1400 or thereabouts and all the way back down and made some good trades and bad trades.
And the whole time I was still running.our company in the cannabis space. And so trying to. Follow both paths. We went, obviously went into the crypto winter there 2018, 2019, but I was still building everything in the cannabis space. And I'm not full time in crypto I'm full-time in cannabis, but still follow the technology, invest in and really have my ear to the ground and what's happening.
Rob: You're so right. Like there's a lot of carryover in both spaces where you've seen a huge shift. I worked in private equity for about a year. And the guy that actually led my tech department went to go work for canopy and he kind of helped usher. Some huge investments into marijuana right.
About the same time that a lot of blockchain projects were scaling. And I wonder from your point of view, it seems like during the early stages of blockchain, you had, people that were coming in as a hobbyist or the seriousness, wasn't quite there, sands a few projects here and there.
And then the perception, at least in Southern California, that like with marijuana, That the seriousness wasn't quite there, like real scientists wouldn't get into it. And then as the legalization came and bigger and bigger scientists and influencers and celebrities got in like the series.
Started to make a real shift. Did you see that shift in your own life, like interacting with other kinds of marijuana companies and scaling things? Yeah,
Nick: definitely. I mean, I think that there's a parallel path here because what you have to understand is that they both came from a taboo sort of social interpretation, right?
Like blockchain or Bitcoin being used on silk road, cannabis being an illicit drug. Right. They both have. The social interpretations of being taboo or negative or, or whatever it was. And so naturally the paths were somewhat similar, at least from like a socioeconomic economic perspective and the way that people interpreted them.
So really, in the early days of cannabis, You were worried how far you could stick your arm out because it might get chopped off. And I think that a lot of the same held true in the early days of blockchain, right? I mean like the Mt. Gox hack and all these crazy things that happen. But as the infrastructure started developing.
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about 1 year ago
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