How Chip Baker got into the business of marijuana

Chip Baker, Royal Gold, Bootstrapping, eCommerce, Legal, Physical Product, Sell Your Business

Before I tell you about today’s guest, I want to tell you that I was watching the election results and saw that marijuana was legalized in California.

I didn’t sit back and say, “Great, now I can smoke.” I said, “Great. I wonder who is building a business that is going to profit from this?”

That’s how my mind works. Well, today I have a guest that is someone in this space.

In an email to me he said, “For the last 15 years, I have been involved in the manufacturing, distribution, and retail sales of picks and shovels to the ganja and cannabis industry.”

In this interview we’ll talk about the companies he founded.

Chip Baker is the founder of Royal Gold, which he sold.

Chip Baker

Royal Gold

Chip Baker is the founder of Royal Gold, the original coco soil company.

Andrew: Hey, everyone. My name is Andrew Warner. I am the founder of Mixergy.com. It is the place where I interview entrepreneurs about how they built their business. I do it for an audience of super ambitious entrepreneurs who listen, who pick up a few ideas, who then build incredible companies and often come back to do interviews about how they built these incredible companies.

Today I’ve got a listener with me. But before I tell you about him, I’ve got to tell you that when I was watching the election results and saw that marijuana was legalized in California, I didn’t sit back and say, “Oh, great, I’m going to get to smoke.” I said, “Oh, great. I wonder who’s building a business that’s going to profit from this. I wonder how much money is going to get made because of this. I wonder what is going on in the business of marijuana.” That’s just the way I work. That’s the way my mind goes....

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