How 2 Engineers Are Dominating the Cannabis Industry l Nabis Jun and Vince

It is with great privilege that we bring to you the inspiring story of two exceptional young founders who have redefined the landscape of cannabis distribution. Allow us to introduce Jun and Vince, the visionary minds propelling Nabis, the world's largest wholesale platform and distributor for cannabis products.
With problem-solving at the core of their engineering backgrounds, Jun and Vince made a bold choice to venture beyond their comfort zones. As distributors of cannabis products, they took it upon themselves to personally deliver these goods, unearthing the real issues within the industry. Remarkably, they now handle the delivery of a staggering 20% of all cannabis products in California.
As you delve deeper into their narrative, you'll uncover the profound transformation brought about by Jun and Vince. They've not only broadened their horizons but have also spearheaded a new era in cannabis distribution. Prepare to be inspired by the extraordinary journey of these two trailblazing individuals, and the significant impact they've made on the world of cannabis.
EO stands for Entrepreneurship & Opportunities. We're looking for more inspiring stories of entrepreneurs all over the world, so don't hesitate to contact us! :)
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Subtitles for this video were created using [XL8.ai](xl8.ai/) machine translation.

[@entreprenuership_opportunities]

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[@703NOVA]

Wild.. I went to Middle school with Vincent and sat next to him in Band Class. Congrats on the success Vincent.

[@antuan3586]

A Chinese dude and a Korean dude running the weed block is wild to me

[@mdmaila8483]

🤣😂

[@trueseeker262]

Well the Chinese was the first record history for medicine use. The Korean have Chinese blood.

[@stupidguy97]

High IQ + industriousness => win

[@zelda8697]

No wild really..it's making money.

[@donguy8413]

It's Harold n Kumar all over again 😮😮

[@Alexibawendi]

I appreciate how inclusive your content is for all investors. No matter the age. the financial situation, or the financial knowledge. everyone can find a piece of information that will help them or provide food for thought. Good job

[@dalelane1948]

yeah, mass produced Cannabis is scur on the Cannabis industry and will ultimately ruin the true forms of this precious medicine. I don't think helping it's propagation by these type of people who self-admittedly doesn't know the culture and obviously doesn't understand the medicine. But hey, you will get your foie gras factory pumped 7 weeks varieties very efficiently so BIG PHARMA can totally control it.

[@Niaaal]

He speaks excellently

[@dannacht6827]

Theyre a distributor not really a cannabis company

[@yudh0802]

An engineering mindset can solve everything.

[@traviswright3757]

As long as they don't have to work on anything they engineered.

[@motokisano9827]

Yes. He doesn't smoke!!

[@stupidguy97]

@travis you smoked too much weed brother

[@kap1526]

​@@stupidguy97username checks out

[@Yangmang]

Its true but he also made emphasis on how important soft skills are. Knowing how to sell can be the big differentiator.

[@Bulziibileg]

really appreciate how articulate and intelligent he is.... shoot i wish i could talk like that

[@resa574]

He talks very simply and directly. He’s definitely smart because he talks about complex ideas very simply

[@tylerbaldwin1633]

Sorry the cannabis industry needs less large corporations taking money from us small farmers. I will always support the black market and small mom and pop growers.

[@Ken-levelup]

Let the little guy enjoy the ☀️ 🌲 cannabis you became a beast and they didn't see it . I hear 25 billion I want in. Need recreational marijuana in Pennsylvania

[@stupidguy97]

You smoked too much weed

[@kangaroomax8198]

Large corporations are great. I'd much rather buy from a dealer than some loser druggy on a street corner that over charges me and is late 90% of the time

[@HarryANuis-gi9hz]

@@kangaroomax8198they are referring to legacy people who kept the industry alive for the last like 60+ years. Not some druggy on a corner maybe learn a bit about the cannabis industry before making comments like that. These guys are fine but they wouldn’t have their business if there wasn’t legacy people in the industry.

[@quinncodes]

They’re a logistics and delivery company for cannabis, they don’t grow the weeds. Having a platform and reliable distribution are good for small companies

[@muhammadibrahimabdullahi3840]

Thanks you so much for sharing your achievement of your dream. You have a very good mindset of creating company, you give me a courage to in approved my achievement sir.

[@sriramananthakrishnan138]

Soooo basically a "legal" silkroad with control over the distribution channels (amazon model) rather than using the US mail. Did I miss anything ? It looks like a glorified cannabis dropshipping company with custom software to make it a startup. Please correct me if I am wrong.

[@adohsh5425]

You don't have to reinvent the wheel to make a successful company; they saw a problem with a straightforward solution and capitalized on it. Please correct me if I am wrong.

[@tonysnow.7231]

How did they get a bank to work with them in the first place? Correct me if I’m wrong but isn’t the no federal insurance for banks who deal with cannabis companies no ne will do it?@@adohsh5425

[@user-rh6zc2pk5d]

I am incorrect when I am wrong. Please correct me if I am wrong.

[@tvadict1000]

No, they are a logistics and a SAAS company. "Dropshipping" btw they said they fulfill retail meaning they deliver products to recreational dispensaries. Drop shipping is when a small retailer (that typically sells in small quantities to the general public) receives a single large order for a product. These guys are the movers, not the retailer or the supplier.

[@geneherald8169]

they're Amazon for weed right? Just want to make sure I'm understanding

[@Elizabeth-hv4po]

No think more Costco this is wholesale

[@googleuser-ly2ek]

Hell no.. lmao! They are in 1 state and probably just southern area. You can see their revenue last year was 10.9mil. They may not even be profitable yet. You can find that out if you care.. In Orange County alone people spent 157mill on weed.. so this is clickbait video. I will never remember these guys.. they ain’t no business geniuses. It’s all timing..

[@fggamesoft4949]

I like when they work more not helping and more in picking up people to do better things.

[@batsuperman2387]

These guys definitely never get high of their own supply.

[@jl_117]

😂😂

[@lisalove6327]

Facebook and PayPal alumni are taking over

[@sutats]

1:53 I believe most people feel that way about their abilities and the lack of utility of them in their role. But most don't take action to move into a situation where they are best used.

[@afcdesignteam]

14 years in the cannabis business, multiple licensed operations. Never heard of this company or these guys lol

[@backyardwrenches2283]

It’s all smoke and mirrors. California economy is struggling.

[@googleuser-ly2ek]

I know right..lol. The title of this making them look stupid too. I would NOT let that slide…shows some egos may be at play and that’s a RED FLAG to me if I was an investor.

[@bhoyt4530]

I also have 14-15 years in the cannabis industry and have never heard of these guys.

[@dalelane1948]

Good, mass produced Cannabis is scur on the Cannabis industry and will ultimately ruin the true forms of this precious medicine. I don't think helping it's propagation by these type of people who self-admittedly doesn't know the culture and obviously doesn't understand the medicine. But hey, you will get your foie gras factory pumped 7 weeks varieties very efficiently so BIG PHARMA can totally control it.

[@JaeJae95]

He did say 20% of california, not the entire market

[@42ndWolfPack]

Crazy a weed mogul is Korean xD

[@Great_PatBingsoo]

Very true lol

[@Gabrielsang96]

Thanks for sharing

[@ezrhino100]

Korean solving a problem with a substance that is completely forbidden and illegal in Korea.

[@gecn9685]

Very smart guy

[@loveislouderrrrr]

This is so unethical. For people to now make millions in revenue when millions of people went to jail for this exact thing. Insane.

[@shawnndixon5254]

that's why most states have equity programs for people with a history of criminal offenses regarding cannabis.

[@이경훈-w5x1v]

Inspiring ❤

[@Ken-levelup]

I can raise the earth 🌎🌍 think biggest 10X

[@Ken-levelup]

Do you except the challenge?

[@Ken-levelup]

#kenlevelup

[@Ken-levelup]

Try to surf this 🌊🌊🌊🌊🌊🌊🌊👋😂🎉

[@larrydestiny2184]

Inspire to be a drug dealer? 😂

[@_nimrod92]

so practically there a 3pl for cannabis industry?

[@rafaelvigelandzoon5063]

They have big money behind them they are smart guys but how much ownership do they have.

[@davidrobinson4756]

Inspiring

[@Teocis]

이런 한국 대마초 사업가분께 받은 햄프 재료들고 작년 5월 실리콘밸리 갔다왔는데. 저 분을 미리 알았다면 허탕치지 않았을텐데. 그나마 친환경 투자자와 미팅하고 온게 다행이려나...하지만 아쉽다

[@griffajay]

how long is this dude's visa?? think about it...with the market and product and the state...follow the $$$'s cali

[@falkar11]

You don't have to be from a particular background to dominate. You just have to be Asian

[@rickc.3552]

Just be a Harvard engineer bro, so easy for everyone else.

[@googleuser-ly2ek]

Let’s get this straight, this company ain’t dominating anything with a measly 10.9 mil in REVENUE in 2023. AND the market is redhot..

[@JaeJae95]

Maybe if you did a little more research than just 1 google search you would find out that those numbers are from 2021 and in 2023 they are now rank 1340 on inc. 5000. for fastest growing companies 😅

[@Alex-tx1gl]

wheres ur company with 10.9m rev?

[@giansaetti]

Aloha Nabis. How are you? I am wondering if you happen to need any help from my end here in Hawaii?

[@Adamtherealboss]

How do they not get raided compared to other situations? This is going to be an even worse monopoly after de-scheduling.

[@iraniansuperhacker4382]

the vast majority of weed in california isnt "legal" these guys dont have as big as a market share as people think and its not sustainable if weed laws in California are changed. Its not possible to grow quality weed and get it to customers at scale so legal weed in cali is dry garbage thats barely worth smoking. I dont think these guys are really legit this sounds like some business smoke and mirrors shit and no wonder why the weed is shit they have it sitting in boxes on shelf's in a warehouse. They dont even seem to understand their own industry.

[@SteveyDVee]

My dream ❤

[@charlesomonmaxwell]

Interesting

[@haminyadam]

태용님 한글 자막이...

[@minecraftalix6286]

2:08 seeing what waves are out there, then surfing the wave. 3:18- 3:31found out a problem, figured it was a big enough problem to solve in this specific market

[@monte_vidz6993]

Who sells the stuff here? Let’s connect and make some sales.

[@brianyi6569]

Hi my name is joon seop yi too

[@farawaymerchants9027]

Somebody’s gotta do it

[@shawnndixon5254]

no, you can literally just grow your own and say fuck cooperate greed.

[@Meolbwa7474]

Is he allowed to enter SKorea? I believe korean citizens are sent to jail even though they participated in cannabis activity overseas. Our man is basically the top dog of distribution of weed. That sounds like a lot of legal work to work around if he plans to enter korea any time soon..

[@evil3dsponge580]

somehow I felt like I am watching the 2023 version of "Narcos"

[@zhengpaul1456]

nice, what if ai make a trypophobic museum, would anyone go and see it there?

[@allahomitu]

After millions of Black Men in jail for weed

[@Bicyleday2005]

Oh yes make my medicine a monopoly great

[@maggiejetson7904]

That's 2 mob bosses in the making.

[@김광현-h9t]

그린타잔?

[@joec8942]

Asian chads

[@JH-bb8in]

He’s a professional drug dealer I see 😂

[@WNL2013]

Black ppl who feel outdone : WAKE THE F*C UP

[@kevo8630]

Fuckk ya yall hiring?

[@lisalove6327]

SCALE it OUT😊

[@PapaPerk360]

Let’s federally legalize it U.S.A. !!!!!

[@sebastianpirzada2170]

What herbl wanted to be

[@petervan7372]

2 asian hitech drug cartels

[@jnj-b6k]

LOL

[@imstanley34]

They can have it hahahah no one wants legal weed wit the crzy tax’s 😭😭

[@shawnndixon5254]

fr

[@codersexpo1580]

I want to see canines reclassified and stop paying 70% earnings to the government in the form of taxation, permitting fees, etc…you think they government will give up on that cash cow…lol…I guess we wait and see

[@rajatrashinkar]

1

[@mastergator9641]

Oh they’re like a version of leaftrade

[@mrgod5139]

Finally he became a druglord 😊

[@69trading76]

you looking for help

[@tonysnow.7231]

Did anyone hear anything about the healing of there soul from cannabis? I keep hear how not it did or has did it save the real active anything?

[@darrenstory9705]

Funniest part is when Jun states "It takes 10 years to build a great company" Uh ... really? Read Jim Collins books, Great by Choice, & Good to Great. Of the tens of thousands companies his team analyzed, less than 25 ever achieved greatness. Just thinking, if you guys do that in 10 years that would be something no one else has done.. Of course, there's a first time for everything. But maybe if you truly are interested in building a great company, which is entirely different than an exit, you may want to expand your horizon by a few decades.

[@JunSLee]

That’s a fair point Darren! I think I was quoting a commonly used YC mantra that it takes “at least” 10 years to build a great business. What I mean to convey is that it takes a long time to building something great, and 10 years was more of a figure of speech to indicate some significant amount of time. I thought it was an important point to get across so people don’t view these stories as another case of “overnight success.” Looking forward to meeting you face to face sometime soon 🙂

[@darrenstory9705]

​@@JunSLee Likewise :) Anything worth doing, is better done slow!

[@stupidguy97]

Brother, I think you smoked too much weed. Your thoughts are incoherent.

[@Norway-Tours]

At ti ti ti 😁

[@bkcalvine]

Level: Asian

[@nulnoh219]

The stigma of cannabis consumption is still there given the fact that you guys can't find stock footage of said consumption to include in this video. 😂

[@CRYPTONINJASAMURAI]

he def had plastic surgry

[@shawnndixon5254]

any object can become the center of cooperate greed if it has value huh? people like this would just as quickly farm moong dal as they would cannabis if it was lucrative enough. no one has pride or even interest in their own products these days, disgusting.

[@m3vm3]

Hes dressed like a Watch Dogs 2 cult leader

[@mattmcmahon8311]

This is a giant scam or seems like it

[@googleuser-ly2ek]

Clickbait

[@freakmitbrille]

YEAHH sure can you access diffrent parts of your brain... shizo is not nice!!! money blabla bla some one needs money here...

[@RasX144]

You guys solved no real problem and would be the last people I would get behind and support! Know your place and find something else to do. U may find down the line you end up with nothing but a bumpy ride and a pocket full of memories! We need legacy operators first and for most.

[@GuyMichaely]

Wtf lol

[@Skunkhunt_42]

Blaze up cowboy and remember that casting such spells can bounce back. There's a dozen ways I can see how to make money off just this one distributor.

[@kangaroomax8198]

The amount of jealousy and butthurt in these comments are hilarious

[@richchadbro]

bro mad cuz nobody buying his homegrown weed in a reused plastic grocery bag anymore

[@RasX144]

Jealousy! Lol no if you don’t understand don’t worry about it. Keep supporting your big box no flavor vibes. We will never see eye to eye

[@TC-fx4hm]

I thought legalization of cannabis was solely for the less fortunate, to have two engineers running a company seem to defeat the purposes. I think California has it wrong. It should be two individuals from underserve community now taking weed to the public instead of the shady street corner. Shameful Cali.

[@darceysinclair8929]

these guys r destroying humanity

[@FERNIENAVARRETE]

Stop growing mids!!

[@shawnndixon5254]

they only move the mids, just do as i do and grow your own fire.

[@justmyopinion7620]

Be out of business if Amazon starts doing it

[@corail53]

No bank will touch them in the US. This industry is also on a massive decline because inventories are way oversaturated because it is a very easy crop to grow, legalization is bad for businesses like this because it has low barrier to entry, no moat and people can just grow their own. Canadian companies got slaughtered after full legalization because of this and the US will be the same. Their best bet will be to sell off the company to big tobacco who will steamroll the industry upon legalization.

[@shawnndixon5254]

exactly, the government not only knew that there was going to be a lot of potential but they also knew if they didnt throttle the market it would flood itself and become stagnant. like you said it already happened in places like Canada and even happened on a smaller scale in the state of Oregon a year after they legalized. If I was the government i would let the market snuff itself out until my best friend Monsanto is ready to take over and patent everything. its sad to see pure greed destroying what could have been a good thing, and its never a cannabis user who ruins its the straight edge Harvard graduates who need to ruin a perfectly good market.

[@710Life]

you run 20% of the legal market you claim its a 20B market yet you claim only 1bil sold PHONY plus you company is very low rated

[@zecheng5807]

not a problem worth solving

[@richchadbro]

nothing is worth solving if there's money in it

[@shop_online]

Too much talking

[@hypster814]

This dude doesn't even smoke, he doesn't care about the plant. We don't really need people like this handling our market. He looks at things purely with numbers and dollars. You are not championing a cause, you found a niche to make (keep, you and your brother were obviously born rich) you rich. Snooze.

[@bentucky4324]

This is not the attitude to have. They found a problem that no one wanted to deal with and with the help of their engineering background they found a solution to make it simple for all cannabis entrepreneurs and enjoyers. The reason you, me, and everyone has safe, convenient, and quick access to quality cannabis is due to their systems.

[@ayesa1118]

because everyone who loves weed to much is to 'creative' to be bothered solving the complex problems 🤷‍♂

[@krishendo9433]

it's only a problem cos of the current legal system... this would not be an issue otherwise... weed is incredibly easy to grow in most climates.@@bentucky4324

[@krishendo9433]

again.... complicated problems that only exist cos of some fucked up legal system that makes it some kind of issue to grow an easily growable plant... really not an issue if oyu don't hafvee a mafioso corporate run government trying to make monopolies out of good natural easily accessible things...@@ayesa1118

[@hypster814]

I was a dispensary manager and before I was promoted to making routes/manifests, packaging orders according to legal guidelines, and being held responsible by the largest MMTC in the southeast US, I was delivering the medicine myself as a dispensary associate. This is not a problem in legal dispensary markets - delivery is commonplace, convenient, and safe. I was corporate weed. These guys are corporate weed. I hate corporate weed. @@bentucky4324

[@GlobalMindSync]

Creating a company to sell the company and eventually it’ll go out of business like the rest of the companies here

[@shawnndixon5254]

its just more cooperate greed which never helped anyone.

[@bassbird]

lol.. minor player at best.

[@juandoe4934]

These guys are not running anything in cannabis 😂😂😂😂 Just another Distro company.

[@stupidguy97]

According to the title they run 20% of the market

[@juandoe4934]

@@stupidguy97 laughable for sure.

[@richchadbro]

thats the best part of it all. they created a system to have it run as smooth as your brain.

[@juandoe4934]

@@richchadbro you probably think you’re funny in real life 😂😂😂 Lame. Ask anyone in CA cannabis if a distro sets the tone of the market….or any market.

[@aoh4905]

​@@juandoe4934the point is they are making money....

[@huhugrub]

deport them

[@akronakron4352]

Weed can also activate someone's Schizofrenia without them even knowimg they have it. That also makes them discover a part of their brain they didn't know they had. But, Hey! Nobody wants to associate weed with bad things 😂

[@shawnndixon5254]

As a pothead you have to be stupid not to notice something happening in your own body. CHS and predisposed diseases like bipolar disorder and schizophrenia can develop after regular cannabis use thank you captain obvious. The objective term there was predisposed, if its not overuse of cannabis any trauma can stimulate a disease that resides in your genetics rather than in the chemistry of the plant itself. its not a bad plant never has been, just because some people have abused and others have adverse reactions to its habitual usage doesn't mean we should negate its healing powers, therapeutic uses, and over all societal disposition as a source of recreation.

[@Tonybologne805]

If you over 25 and your weed isn’t coming in a ziplock bag congratulations you played yourself

[@BigFaceTwenny]

I prefer turkey bags

[@RONIN1111]

No wonder why the bud sucks now… engineers are growing not farmers

[@shawnndixon5254]

fr

[@Ken-levelup]

I want to work with you @kenlevelup

[@haoyujiang381]

Man studied applied math (hard as fuck) and comp science at once. Wtf

[@TenzDenz]

Yup. Fuck rejections, fuck failures, stick to your vision that's a success already.

[@richardbutler8292]

2:06 SEEING WHAT WAVES ARE OUT THERE AND DECIDING TO SURF THAT WAVE

[@gogoneykov123bg]

main takeaway

[@bedit2064]

Engineers will dominate the world

[@livedeliciously]

Engineers already are. So much of the luxuries of the modern world are designed/built by engineers.

[@googleuser-ly2ek]

…from Europe and Japan.

[@williamvn2928]

Fun fact: 30% of Fortune 500’s CEOs have a engineering degree😅

[@corail53]

Engineers have no idea how to sell products. They are generally really bad at running businesses and generally lack the creative fluidity that entails b2b, b2c sales funnels, and marketing.

[@corail53]

@@williamvn2928 And look - none of them are using it.

[@MrStephenmindo]

That black americans are not dominating this industry is a seriously missed opportunity. I mean how?

[@BigFaceTwenny]

I started selling herb at 12 and growing at 15. I've spent decades in the business. When it comes to cultivation, apart from the few dready dudes I've met in the hills, I rarely came across any Black cultivators. I have met loads of Latinos, Hmong, Chinese, Bulgarians, Europeans, and lots of other growers of different backgrounds. Have definitely worked with lots of Black Cannabis enthusiasts, just very few who were producers.

[@teakanji9864]

Legal drug dealers haha love to see it

[@DouEditz]

Everything wrong with the industry buy it off the street and support your local drug dealer

[@dertobi5851]

How many stoned dudes are sitting at home and are thinking : the same idea i had also. But im to lazy.

[@jasond82]

That Asian money laundering

[@userwheretogo]

Nabis nice name derived from cannabis