Raising Cannabis Capital 0083: MarijuanaDoctors.com

Raymond Correa COO of MarijuanaDoctors.com joins Dan Humiston on this MJBulls episode of "Raising Cannabis Capital" to talk about their ten year old company that helps cannabis patients find doctors in their area that will prescribe their medicine. 

Produced By MJBulls Media

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Dan Humiston:
Today's show and the following message are brought to you by Travett Hill cannabis investors expect big returns from the companies that they invest in. Unfortunately not all cannabis investments succeed. Travett hills management team works with investors to help turnaround or in some cases purchased their underperforming portfolio companies to learn more. Go to Trevetthill.com.

Ray Corera:
There's three ways to find a doctor on our site. You can either click the drop down and pick the city that you want to find someone and you can put your zip code zip code base or you could just search the whole state by going to find a doctor and clicking on whatever state that it is.

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

Dan Humiston:
I'm Dan Humiston. And on today's show how this 10 year old Cannabis Company is helping unite patients with the medical marijuana. Doctors in their area.

Dan Humiston:
Today in the Raising Cannabis Capital series we are joined by Ray Corera CEO all of marijuana Drs. Ray welcome to the MJBulls Podcast. How you do it again.

Ray Corera:
Pleasure to be here and be able to tell our story.

Dan Humiston:
Well we're glad to have you. You know it's great to be able to say the majority of the states in America allow some form of medical marijuana and the more madam is pushing the remaining states it won't be long before almost every state has laws in place. But while this is great news you know patients are still running into challenges getting their Madison and one of the biggest obstacles patients are running into is locating a doctor who will prescribe their medicine. You know most outsiders this makes no sense. Can you try to explain to our listeners why it's hard for patients in medically legal cannabis states to find a doctor or write a prescription.

Ray Corera:
Absolutely. So one of the biggest challenges that the market is facing right now is that complex Internet laws and prejudicial algorithms make it really tough for hemp provider to engage with their patients right they have to follow rules and regulations social media and internet law. And that creates a major void to fill and that's why marijuana doctors was created. We built this company really to bridge the gap between patients and physicians and give patients the ability to learn about what's involved in the journey that they have to go on in order to get through medical cannabis recommendation on our site. We have every law in every state how to get your car what qualifies. And we have a number of resources that will explain to patients for whatever condition or ailment they have. How medical marijuana works and how it could be used in conjunction with their treatment. That all being said one of the other major problems for providers is that this in traditional advertising is expensive Great And Small doctor practice. It's very tough for them to spend 10 20 30 thousand dollars in advertising for three 30 second ads on television or on the radio. And traditionally if you and I were building a business we would want to write a lot of content for organic FCO which is going to get you up to ranks since one of the things that we've done operating for the last 10 years. Well that could be very costly. We get our clients on the first page of Google pretty much in every state is to Colorado overnight.

Dan Humiston:
I can see where you're talking about because we've had a lot of guests on our show that talk about the challenges everybody has in advertising in this industry and how most traditional outlets are blocked from use. So you fill that void. You also make it possible for the small practitioner to get their message out and you get them moved up to the first page of Google which is next then passable if you're a doctor I'm on your Web site right now. And if you have an opportunity you got to go to this Web site it's like the once one stop shop you know holy cow has got essentially every bit of information you could price we need about the different states maybe you can take a minute. Walk me through how it works on your website.

Ray Corera:
So first things first. The number one and number two search term for patients looking for a possession is marijuana. Dr. cannabis doctor and the city under a state. So if you you told me you were in Buffalo and you tested it out yourself and you typed in Buffalo marijuana. Dr. cannabis Doctor Well you what you see as a result is a link or two normally ahead of even the Department of Health which is even tougher to rail rank the Department of Health continental website. It takes you right to our site and we'll show you all the doctors that are in Buffalo for example. There's three ways to find a doctor on our site. You can either click on the dropdown and pick the city that you want to find someone and you could put your zip code because it has zip code based or you could just search the whole state by going to find a doctor and clicking on whatever state that it is. And again we provide the transparency of pricing the hours of operation like you said just to find a doctor.

Dan Humiston:
You go into Google and you type in cannabis marijuana or marijuana doctors in your information perhaps right up. You know that's a game changer right there. One of the things that you said earlier that I find fascinating is that you this for 10 years legally in the cannabis business for 10 years. You got to be one of the few companies that can really say that you know what.

Ray Corera:
We're really proud about the fact that we've been operating so long in the industry and we can start producing revenues to about three years ago. And we've grown in just about three years by close to 400 percent. And a lot of that's a tribute to basically putting together the right network. We did a lot of testing all kinds of are indeed what we're really focused on is is really increasing that user experience to make it as a marketplace for all the providers and patients to interact. And really for patients to be able to make an informed decision so really. The authoritative source in the industry providing that information and we want to continue to do it build out to now work and really provide the consumer or patient with an overall experience that is second to none.

Dan Humiston:
I'm really excited to let all of our listeners know about a brand new podcast that Mjbulls media is launching on Sunday March 17 Hemp Barons is a weekly show that features the hemp companies and products that are using this amazing plant to change the world. Please check out Hemp Barons on Sunday March 17th on a tune scratcher Spotify or wherever you get your part cash from.

Dan Humiston:
You know in addition to being around for 10 years which is unique in itself.

The other thing you just said just a minute ago was that you guys are profitable a lot of the companies in the industry right now are new. They haven't achieved profitability yet you have but you have such a daunting task ahead of you. I don't know how you could pass. We grow at the rate you need to grow of cash flow since that rolls into you're raising money.

Ray Corera:
So with an average of four salespeople last year we did about two point five million in revenue. We think we can get to within five years company doing close to 55 million in revenue. But we we're going to do that is very simple. We are rolling out our dispensary section. We're going to scale our sales force. Right now I have seven salespeople we're good grow that by another 10. We also to spend a good amount of money in our deals and a lot of money on marketing and PR. We feel that with the infusion of capital we will replicate what we've done already and our numbers are really going to grow exponentially. We preferably are looking for his strategic investors that can add value. And we're talking pretty closely with a couple of companies before you can send out our deck. We've have a lot of interest so far. So I suspect that we will we will get this round done pretty quickly and then we can really focus on growing the core business.

Dan Humiston:
I think you're in a really position herself well considering the fact that you've been around for 10 years you have a solid business model already which is profitable. You've done all the foundational work. Company is up and running is a proven model. And now let's take it to the next level. That's going to be great. Can we get we'll have all marijuana doctor's information on the MJBulls website. And like I said it's this one's going to go fast so everybody's interested eight with the recommended move quickly on this one. Ray thanks for being on the show and more important thanks for the work that you guys are doing. It's super important to patients to have access to this medicine. Thanks for making sure they can happen.

Ray Corera:
Dan I think this is something that we're really proud of what we built. We know that I've had patients come up to me from drive four hours or more at a conference just proceed. Thank you. I think success is really defined by the beneficial footprint that one leaves on society. And I can tell you firsthand from employees to the patients we serve to the doctors we work with. It's really gratifying to see this all come together and now that the industry's evolving so quickly we're really prepared to capitalize on it.

Ray Corera:
So I definitely thank you and your interest in talking and with our company and all the nice things that you said about us. We really appreciate that. And we we're going to keep staying centered on the patient creating that experience really second to none.

Dan Humiston:
Keep it up and keep us posted as things go too. Okay.

Ray Corera:
Thank you so much. You have a great weekend. Look forward to talking again.

Dan Humiston:
Just a quick reminder that you can become an MJ MJBulls member for just four dollars and ninety nine cents per month and enjoy exclusive access to companies pet stacks and the MJBulls cannabis capital directory. Join today at MJ MJBulls.com.

Dan Humiston:
Thanks for listening to the MJBulls Podcast. To learn more about today's guest 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.

Dan Humiston:
You've been listening to the MJBulls Podcast.

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