The Cannabis Accounting Podcast

EP 208: What US Operators Get Wrong About Going International


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Cannabis is moving toward a true global market where every country plays to its strengths. Where the industry will be in another ten years should be quite awesome — and anyone who's been in it long enough knows the difference between hype and a real shift.


In this episode of the Cannabis Accounting Podcast, host Raymond Guns sits down with Chris Day, co-founder of the Global Cannabis Network Collective (GCNC), to break down what's really happening in the global cannabis industry — and why US operators who ignore it are setting themselves up to lose.


Chris has spent 30+ years helping businesses grow in industries that move fast and break rules. He was recruited into cannabis by MJBizCon, and six years ago he and Jillian Redish launched GCNC to connect operators across countries that were all solving the same problems in silence. Today GCNC has boots on the ground in 25 countries across 5 continents. Chris bases himself out of Mexico, hops between Latin America and Europe, and spends his days mapping how cannabis actually moves around the world.


Chris breaks down:


🌍 The real global map: Africa is rising fast — South Africa, Lesotho, Botswana, Morocco, Kenya. Brazil has almost 300 million people and a trade show that draws 70,000 attendees. Most US operators have no idea any of this exists.


🚫 Why US operators are getting left behind: Chris met a "long-time cannabis industry veteran" last year who didn't know there was an international market. That kind of tunnel vision is going to hurt when Canadian LPs, Colombian producers, and African cultivators start showing up in American supply chains.


🏦 The banking cowardice problem: Big US banks treat cannabis clients as risk with no upside. Chris explains why smaller community banks and credit unions have the real opportunity here — and why most of them are still too scared to take it.


🇩🇪 ICBC Berlin and what to actually watch: Germany gets the headlines, but France, Italy, Czech Republic, Poland, and Greece are where the real growth stories are quietly building. Chris explains how to read the European market like an insider.


💡 Why vertical integration is dumb: Heinz doesn't grow its own tomatoes. Cannabis operators trying to do everything themselves are fighting a losing battle. New global markets are launching without vertical integration on purpose — and that's a lesson US operators need to learn fast.


The US cannabis industry has spent a decade stuck in state-by-state silos. The rest of the world didn't wait. Chris has a clear message: you can keep operating like your state is the whole market, or you can start paying attention to the global industry that's already been built without you.


Subscribe for honest conversations about the business, legal, and financial side of cannabis every week. 🌱


👉 Connect with Chris Day: https://www.linkedin.com/in/chrisday/

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