I had the pleasure of interviewing Tony Reynolds, a VFW, is a former programmer for the Office of Finance at Nationwide Insurance. Reynolds founded A KickIn Crowd, which is a crowdfunding portal currently in use by the Reynoldsburg eStem Academy.Reynolds, a certified IBM Blockchain developer, recently founded FreshOut Global Blockchain, a “seed to store” safety trust validation platform, and RePlay Token, and ERC20 compliant token using the Singlular DTV tokit system. (http://www.replaytoken.com)
Thank you so much for doing this with us! Can you share with us the story of what first introduced you into this business or helped you get interested in the business?
I am from Ohio, where there is a major opioid epidemic. Ohio is among the top five states with the highest rates of opioid-related overdose deaths. In 2016, there were 3,613 opioid-related overdose deaths in Ohio — a rate of 32.9 deaths per 100,000 persons and more than double the national rate of 13.3 deaths per 100,000.
I had just successfully launched RePlay Token (http://www.replaytoken.com) an ERC20 compliant gaming token and became an certified IBM Blockchain developer.
I realized Blockchain can be used to create an immutable record for monitoring cannabis supply chain. It will certify the quality and safety of the product and eliminate the dark market.
Can you share the most interesting story that happened to you since you began leading your company?
I have been approached by numerous “weed” or “cannabis” companies about my project since I talked about it in a forum post, since deleted.
I was AMAZED at how many companies want my Blockchain.
Can you share a story about the funniest mistake you made when you were first starting? Can you tell us what lesson you learned from that?
I had my project up, was furiously writing the code for my underlying FreshOut Global Blockchain, and the power went out! OMG, I thought I had lost all of the data and would have to restart from scratch.
Fortunately, I had accidentally been working on a renamed version of the project, which I forgot I had created! LOL
I learned to save and store copies of important data often.
Are you working on any exciting projects now?
Yes, re-purposing my cryptocurrency, the RePlay token because the way it was originally created made it like a securities. It is now SEC compliant, but I’m updating everything to reflect that.
I’m working with FIVERR on a BLOCKCHAIN Conference in Columbus, Ohio. Hope to include SUNDOWN RUNDOWN, which is one of the leading investor pools in the area.
None of us are able to achieve success without some help along the way. Is there a particular person who you are grateful towards who helped get you to where you are? Can you share a story?
I believe there have been a lot of people who have contributed to my success. I believe that a lot of my teachers along the way, Mrs. Schezpanik, Mr. Kevin Ryan, Mr. Ryan football, Mr. Ryan math, and others.
This industry is young dynamic and creative. Do you use any clever and innovative marketing strategies that you think large legacy companies should consider adopting?
I think companies need to remain close to their consumer. It might mean getting out and doing experiential marketing.
Can you share 3 things that most excite you about the Cannabis industry? Can you share 3 things that most concern you?
1) Open to opportunity for anyone. Great ideas can still surface and anyone can participate. Women, minorities, anyone can get involved.
2) It’s medicinal impact can now be truly studied without fear of prosecution in most states.
3) Although it’s only legal in 10 states, it employees 100,000–150,000 people.
4) Bonus: According to Inc, Cannabis tax revenue has doubled alcohol in Colorado, $109 million versus $44.5 million.
1) Confusing Government regulation via Federal and State
2) Banking Laws
3) Tainted Crop/Harvest supply will lead to deaths
Aside from your particular vertical, which other cannabis ancillary industries to you think have very strong potential in the next few years? Can you explain why?
1) Security systems for the grow facilities will be a ancillary market. It is because security will need to be tight around the product to protect the valuable crops.
2) Technology services: From services like ours at FreshOut Global, to medical cannabis delivery services.(ie Grub Hub of Cannabis) Technology services will be necessary to manage the massive growth.
3) Legal Services: For all of the different federal and state regulations, legal services will be necessary.
4) Manufacturing supplies, such as packaging and bottling. Those kinds of supplies will be necessary to get the product into the store shelves efficiently.
5) Real Estate is an obvious one. Real estate is necessary for growing operations and for the retail locations.
What advice would you give to other CEOs or founders to help their employees to thrive?
Now is not the time to scrimp on advice and funding. If you don’t know something find someone who does. Raise as much money as possible as quickly as possible to get into the game clean.
You are a person of great influence. If you could inspire a movement that would bring the most amount of good to the most amount of people, what would that be? You never know what your idea can trigger.
Movement: Reducing Healthcare costs by utilizing Blockchain solutions.
What is the best way our readers can follow you on social media?
This was very inspiring. Thank you so much for joining us!
Jilea Hemmings is the CEO & Co-Founder of Leaf Tyme. She is running a series on Leaders In The Cannabis Industry.