Loudlab owner1/11/2024 ![]() When looking into new markets, Pyramid as a company must look at what laws surround that market as well as population. In these types of markets, someone like us, an independently owned company, can’t enter, at least not on a level that makes much sense. They have lobbied to change laws so there will not be truly “free” markets. Big business has come in and taken a lot of the little guys out. If you look at the landscape of the US and the currently legal cannabis states, a lot of them are not very friendly to independently owned businesses. We chose Michigan because of the way it is modeled. Right now, Colorado has stabilized while Michigan is in that first beginning stage where it’s still a very healthy market that is continuing to grow, and we have not seen a plateau yet. What we could see from the data is that on a yearly basis you have an intense up and down swing as the market starts to mature and what you can really see is that the legal markets are stable for about 2 years and then they have a massive dip when more people get to the market which lasts for about 1-2 years. ![]() The pattern that happened in Colorado set us up to move into additional states and we took a lot of lessons away from our early experiences. Colorado’s demand is healthy for both vapes and concentrates. We are thankful that we survived the slaughter that happened here and now we are a part of what is currently a thriving, stable market. However, with so much competition right out of the gate it quickly became a race to the bottom. When it became recreationally legal in 2014, many brands decided to move to Colorado for the new opportunities. It was the epicenter of the market and there was no way to get into the industry without being in Colorado. Q: What states do you operate in, and why? JB:Ĭoley is from Colorado and I moved from Texas. We wanted to move from the retail side of things to bring more respectability and get involved with the R&D side of things to eventually introduce new products. We also noticed a lack of professionalism, so we wanted to help legitimize the industry in Colorado and we have seen a great deal of brand recognition. Other beginning struggles we had were keeping products on the shelf to maintain happy customers because the vape market was just getting started. At the time, O.Pen was really one of the only options available. There were very limited options, and it was hard to find strain specificity, variety, or quality. At the time, we were both working as budtenders together and we saw a large gap in the market for vape pens. My business partner Coley Walsh and I started the company in 2015. Questions and Answers Q: How did Pyramid get started? Jake Berry: With the rapid growth in the cannabis space, Pyramid is poised to move into additional markets throughout the United States. He made his mark on the Colorado cannabis market and in 2018 made his first expansion into a new market, Michigan. Facing the unprecedented challenges of COVID-19's new normal, Jake finalized the launch of Pyramid's Michigan expansion in 2020. Jake has continued success launching other brands under the Loud Labs umbrella which include Pyramid, Doinks, and his most recent innovative edible brand, Zoobies. Update: This post was updated to include a more accurate description of Loudlabs.Jake founded Pyramid in 2015 after working in the retail space and noticing a glaring lack of quality and branding in the Vape/Concentrate category. Loudlabs also claims to have footage depicting Hastings' car running a light only minutes before the accident, but it's impossible to glean from the video whether that statement is factual. Later, Jim Romenesko reported that police had verified it was indeed Hastings who had driven his Mercedes-Benz into a tree near the intersection of Melrose and Highland avenues, setting the car on fire. coroner's office has yet to declare that the body taken from this crash was Hastings, but Buzzfeed, Hastings' employer, confirmed that the 33-year-old died in a car accident in L.A. Journalist Michael Hastings Killed in Car Accident at 33īuzzFeed reporter and Rolling Stone contributing editor Michael Hastings died in a car accident… ![]() A photographer from freelance photography/videography outfit Loudlabs alleges to have been on the scene immediately after journalist Michael Hastings died in a fiery car crash early yesterday morning.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |