Profiting From Pot

Rodawg creates luxury & child proof containers to cash in on cannabis.
3:00 | 01/08/14

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Transcript for Profiting From Pot
Smoking pot now legal in Colorado and Washington at least for recreational purposes. And no surprise here investors an -- advertisers want their cut and they are rushing. To cash in on Canada's a multi billion dollar business companies like start -- road dog. Which is making childproof packages for marijuana we have the founder and CEO Josh Gordon he's the brains behind the operation and he says. He just wants to class up and -- and make road on the great use of marijuana it's nice heavy Josh. Thanks for Elizabeth and so Harry did become the -- use of pot. -- -- -- So lofty goal but I'm really word we're all -- as providing a quality product. Safe using all FDA material FDA approved materials. Child resistant packaging. -- we we know really took a look at the industry and we're not satisfied with you know them standard plastic. How you carry -- around. These are people walk in the stores and they're walking out with a lot of the times like -- at a plastic baggy. You have some your products here but there's a sort of 2.0 generation of the products on your website we have some pictures of that. But how does your product going to be child proof to what -- it childbirth. So it childproof. According to the consumer product safety control board is has two pass an exhaustive testing process. Usually kids under the ages of five. I believe it's about 90% of those kids can not get into the package. Interestingly enough about 85% of senior citizens. Have to be able to get into that package. Now -- to and a four year old and I just telling you where have they tried to I didn't yeah did you do that Bentsen does not qualify as you know actual approval by the -- -- -- -- -- -- -- -- end. They cannot get into a packages OK so so basically what you're doing here is creating the packages. To make pot transportable. Well you know what it is is you know when you walk into a liquor store and you -- nice -- cognac it's well branded comes in a nice glass bottle sometimes even felt case. When you walk into marijuana establishment you should really -- that -- same experience and have the child resistant. Closures incorporated. You know -- sure a safe offerings and you know that's that's really what the whole company is premised on -- providing aesthetically pleasing -- rentable packaging solutions that. You know exceed all of the -- requirements in the legal states. When you think about the great who smuggled out. Gray Davis did that the Smart thing by marketing -- -- they were not just selling the packaging but they were selling the vodka in it. But were selling the vodka -- kinds of the packaging. Do you see yourself ever actually getting into the physical -- business and why are you there yet. It's a good question and -- get that many times. You know currently our focus is is strictly on the packaging. Less risk less risk only recently did recreational marijuana become -- illegal and those two states. It's it's something we have our eyes on something that I and don't want to rule out as you know being you know future opportunity for us but. You know right now we've got -- our hands full just you know making sure that. -- we could help you know other marijuana companies really build a brand road what is -- name me. It really delegates it's it's kind of funny actually mean it really just stand. Them. Back in growing up all all of our friends used to call each of the road dog is. Just a pet name when we. You know -- -- fool around and whatnot and when we needed to come up with a name for our RLC. We Saturday road outfits. Let me -- -- I'm literally made up name it's not part of like you wouldn't find in the urban dictionary a little on the sort of connection to -- -- something like that it. Exactly and and we we really liked it because because it's made up. It gives us the opportunity to you know to branded herself as opposed to taking a name that's already in existence and have this preconceived notion that. You know whatever that name is now with its don't condemn her for instance -- you're thinking a dog buried dirty -- Have something -- mind -- Google created Google out of thin air apple I mean we haven't an impression of what an apple was but Google is -- perfect example exam was no Google. So ultimately what -- what your company to be an -- in terms of where a lot of people are thinking right now it's interesting as -- see a lot of for example small business owners who might be making a product it has nothing to do with pot but all of a sudden they're saying maybe -- need to find a way to get into the pot game because. Like the interest that it is a multi billion dollar business. Sure sure so you know wanting that we didn't talk about we we talked about how we -- this packaging offering them notes we're really trying to. Help introduced you know professionalism and class into the the medical marijuana and now the don't use marijuana industry. -- we also this lifestyle brand of products accessories apparel. Position for that discerning -- -- as opposed to this stereotypical -- if you will discerning socialite not externally as various players. Not not he had stern Williamsburg but has you know little edge to them in. And we really see that there's just this underserved demographics you know you're. It would really the majority and think of people you know -- mainstream clientele you professionals are doctors lawyers. You know businessman. There's marijuana has not -- -- -- catered to those you know people as of yet and we really want to. Introduce a much more fashions the you know appropriate way of of offering you know products. An addition to a. And -- expensively. Which is our enemy -- doesn't -- but that's. It's your business -- Josh wrote I think you so much for coming meeting with us today on real thanks again for -- have a great I'm happy here.

This transcript has been automatically generated and may not be 100% accurate.

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