We Raised Millions and Still Failed: The Collapse of Trade Roots | Carl Giannone

2025-08-15

He helped build Massachusetts' first vertically integrated social equity cannabis company, raised millions, won awards... and still had to shut the doors. Carl Giannone holds nothing back as he joins Jason to unpack the brutal reality of the cannabis market crash, the dirty secret of "remediated" weed, and the unspoken NDA that ultimately caused Trade Roots to collapse. Chapters: 00:00 The Harsh Reality of Closing Trade Roots 02:43 Building Massachusett's First Vertical Social Equity Brand 08:38] Raising Millions During the "Green Rush" 13:04 Crashing Prices & The Oversaturation Crisis 20:24 Distillate Loopholes and Interstate Commerce Rumors 30:26 The Unspoken NDA That Closed Trade Roots 34:04 Hard Lessons for Cannabis Entrepreneurs 41:48 Debating the Dispensary License Cap 54:44 Going Viral on LinkedIn as a Survival Mechanism 01:06:31 The Ugly Truth About Cannabis Remediation 01:18:03 What's Next: The Institute of Cannabis Science 01:25:29 Unintended Consequences of New Regulations 01:37:13 Surviving Hostile Competition & Corporate Cannabis 🚨 Disclaimer: This episode discusses real business and adult-use industry challenges. For listeners 21 and older. Please follow your local guidelines and consume responsibly. šŸ”” Subscribe for more episodes from the High Functioning Podcast