Raising Cannabis Capital 0072: Smart Scale

"Raising Cannabis Capital" series Josh Lee, founder, inventor and CEO of Smart Scale Co. the manufacture of Stashaweigh a waterproof, smell proof, smart cannabis container with an integrated digital scale, that's linked to a Bluetooth-connected app.  Josh talks to Dan Humiston about how he came up with his why-didn't-I think-of-that idea and the complicated process of getting it to market.

Produced By MJBulls Media

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Dan Humiston:
Today's show is brought to you by 3C comprehensive cannabis consulting helps clients design build and optimize their cannabis business from initial assessment and planning through operational and ongoing management. To learn more about how their services are tailored to meet the unique goals and objectives of each of their clients. Go to 3C cannabis dot com and for a limited time 3C is giving all MJBulls listeners an additional 10 percent off their fees just for mentioning that you heard it on the show go to 3C cannabis dot com.

Josh Lee:
And when I got home I thought Jeez that looks like that doesn't look what I've paid for and I just look to my my stash container and said to myself Why can't that be a scale that made me really want I buy my much my medical flour I can put it in and know exactly how much weight is right or if it's having.

Dan Humiston:
From Buminit media it's the MJ bulls podcast a show about Raising Cannabis Capital.

Dan Humiston:
I'm Dan Humiston. And on today's show how receiving less than he paid for at a dispensary prompted this cannabis entrepreneur to invent a soon to be must have device.

Dan Humiston:
Today on the Raising Cannabis Capital series we're joined by Josh Lee the founder inventor and CEO of smart scale. Josh thanks for being on the MJBulls Podcast.

Josh Lee:
Dan thanks for having me. I appreciate your time. Thank you.

Dan Humiston:
Yeah I mean this product I just wanted a video of it and for our listeners is you can enjoy this. I'm going to let Josh tell you how he came up with this idea but it is like what it does when I think of it ideas. So Josh stash away kind of described to our customer or listeners what it is.

Josh Lee:
Well we decided to take a stash container to the future and put in a integrated IO T scale that has a Bluetooth connection to manage everything in that stash container with your phone either IAW or an Android app. So Id say internals digital scale inside of a five inch by two inch gas container.

Dan Humiston:
And what prompted you to come up with this idea.

Josh Lee:
The original prompt was is a medical cannabis patient. I thought I was shorted and it wasn't a fun experience and I didn't have a scale because I don't like to carry a scale because if you get pulled over the connotations are you're a drug dealer. Why do you have a scale. And when I got home I thought Jeez that looks light that doesn't look what I've paid for. And I just looked at my stash container and said to myself Why can't that be a scale that immediately when I buy my medical flower I can put it in and know exactly how much weight is right or if it's heavy. It's like I'm going to be a little upset it's heavy I'm going to keep going back to that same dispensary.

Dan Humiston:
I said that was just like why didn't I think of that idea. It's such it's such a good idea. And it's waterproof and it's it's in a cylinder so it's pretty sturdy and there's no odor to water and smell proof.

Josh Lee:
It was very important to engineer it to as a patient I want to build it's not indestructible but it's engineered to be pretty solid so you can put it in your purse she can put in your pants you can take it with you and be able to see as you're dosing with it.

Dan Humiston:
Yeah it's took quite a few revisions on this product to get towards that right now.

Josh Lee:
Yeah we worked 18 months on our prototype to get it working because it was a circuit board from scratch and with an eye OS and Android app it's there's a lot of little intricacies that come up and it's like my engineer says it's been a complex invention something very small like this has been hard. Hardware is hard in itself and a lot of these Bluetooth technology IOW apps talking to this Bluetooth you know my wife's stats say that I can turn it off and on from 40 feet away out of my house and that's new stuff new technology. So it did take us a while to be able to learn from mistakes and change things up and get the circuit board dialed into where it can be a highly accurate digital scale.

Dan Humiston:
You can do a lot more with your phone than just turn it off and on. It tells you a lot maybe maybe share with our listeners some of the information that this will show up on your phone.

Josh Lee:
Yeah. That is a good question. As a patient it's not just that I buy it and as a what I paid for. Or is it heavy. It's also how my using it in the cab playing I put in seven grams I go home to the dispenser a kilogram out roller joint and it's going to track that gram now and say OK you have you start at six seven grams you dose twice a gram you now have six grams last in it it'll show you at that time and that date that that Gram was pulled out. So as a medical patient it's very important for us to get this data and say how are people dosing with medical cannabis flour. What times of the day and what type of strain so sour D so could have different patterns in New York than in Los Angeles. We want to see that data say hey Josh buy seven grams. He went home and he medicated a gram every three hours. This strain but a gram or two hours this strain. A lot of people a lot of uncertainty new patients to say how do I use this flour at what times and how much we want to be able to track that. And your phone app does all that.

Dan Humiston:
He's so cool. This is so cool. Thank you.

Dan Humiston:
Want to take a minute to tell everyone about an exciting free opportunity that one of our former guests good harvest company is offering retail operators in cannabis brand managers in the adult use market. Good Harvest Company is preparing to launch a platform which uses customers buying and shopping behaviors to help brands effectively reach their customers. And for a limited time. Good Harvest Company will offer participating companies free access to their data in return for their feedback. To learn more. Good a good harvest.CO

Dan Humiston:
talk about how you're gonna get this product now it's available to the customers now is that correct.

Josh Lee:
No not yet for sale We're finalizing our manufacturing and we should be a sale within 60 to 90 days.

Dan Humiston:
Okay. And you're gonna do the sale. This is the part that I think is just so cool. You're gonna use Amazon to sell this.

Josh Lee:
Yeah it'll be available on Amazon.

Josh Lee:
You know Amazon has done a great job for small businesses like ours to say we can fulfill it. We can ship it out for a year and we can deal with warranties we'll be our intermediary. This major platform we built so we're gonna have more Amazon as well as our own website. But Amazon will be a big seller for us.

Dan Humiston:
I mean just think about that is we have a cannabis product that's going to be sold worldwide by Amazon. Yes my amazon. It's an ancillary product you know we'll give you that but still it's going to be sold on Amazon. Yeah. That's so cool. That is so cool. So you're launching in 60 to 90 days. How are you funding this.

Josh Lee:
We raised some angel funding to get our prototype built and now we're looking for our next star seed round. We're looking to raise a half million dollar seed round to be able to take us to the market refines a few iterations that we have and build our team out a little more.

Dan Humiston:
And if people are interested in learning more about your seed round how should they get in touch with you.

Josh Lee:
Josh it stashed away dot.com would be the easiest way. Okay that's by email and we're looking for smart money that you know you hear a lot of money being thrown around but we want some money that will help us grow and help us scale. No pun intended.

Dan Humiston:
Yes. So people that want to be roll up their sleeves and work right along with you on this is that the type of investor you're looking for.

Dan Humiston:
Yeah. Manufacturing help is always good. Distribution help is always good. Those investors that understand this space understand electronics and manufacturing would be really helpful for us.

Dan Humiston:
Well we've been speaking with Josh Lee who is the founder inventor the idea man and the CEO of smart scale and their product. We would talk and a lot about your product stash away. I'm going to have all of Josh's information in all of smart scales information on the MJBulls Web site. So if anybody wants wants more information wants to get in touch with Josh you can just check on our website. But Josh said when we first started talking this is that why didn't I think of that idea. It was such a good idea. I'm really excited you were on the show to share it with us.

Josh Lee:
Thank you. Dan I really appreciate what you do to help small businesses like ours and this industry as a whole. Thank you very much.

Dan Humiston:
My pleasure. This is fun. I hope to speak to you again soon.

Josh Lee:
Yeah I'll talk to you soon. Dan thanks again. All right.

Dan Humiston:
Let me take a second to think Trevett Hill for sponsoring today's show. Cannabis investors expect big returns from the companies that they invest in. Unfortunately not all cannabis investments succeed. Trevett Hill management team works with investors to help turnaround or in some cases purchased their underperforming portfolio companies to learn more go to Trevett Hill dot com.

Dan Humiston:
Thanks for listening to the MJBulls Podcast. To learn more about today's guests or to become a guest. Visit our Web site at MJBulls.com. Today's show is produced by Buminit media with original music composed by Jamie Humiston hemp Dan Humiston and you've been listening to the MJBulls Podcast.

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