
T.U.T — The Unwritten Teachings
How Missouri Became the 5th Largest Cannabis Market in America with Kevin Riggs, Co-founder & CEO at BeLeaf Medical
In this episode, I speak with Kevin Riggs, co-founder, partner, and CEO of BeLeaf Medical Co., one of Missouri's first vertically integrated cannabis companies and the organization behind the Swade dispensary brand. Riggs's background is in engineering rather than cannabis; he built and ran a civil engineering firm before his interest in concussion research and pain management led him into the plant sciences. He was named a St. Louis Business Journal 40 Under 40 honoree, and his career has since spanned politics, engineering, and now one of the most heavily regulated industries in the country. What stands out in this conversation is how much of BeLeaf's origin traces back to a picnic table shared among three partners with no established roadmap to follow.Our conversation covers what is required to build a vertically integrated cannabis company from seed to sale, including the banking restrictions, zoning obstacles, and regulatory uncertainty that defined the industry's early years. Riggs details Missouri's seed-to-sale tracking requirements, the tax code provisions that treat cannabis operators similarly to unlicensed drug traffickers, and the deliberate culture work required to scale from a handful of founders to five hundred employees without losing what made the company function in the first place. He also shares the piece of advice that has stayed with him longer than anything he has read in a business book: there is no playbook, and the people who succeed are simply the ones who continue showing up.Connect with the HostTwittertwitter.com/ItsRajTutLinkedInhttps://www.linkedin.com/in/rajtut/Instagraminstagram.com/ItsRajTutTikTokhttps://www.tiktok.com/@itsrajtutConnect with the GuestLinkedInhttps://www.linkedin.com/in/kevin-e-riggs-p-e-9b71101/Websitehttps://beleafmedical.com/Companyhttps://swadecannabis.com/Timestamps00:00Cold open — the mentor who told him "you owe me this"01:06Introducing Kevin Riggs and BeLeaf Medical02:05Growing up in St. Charles between sports and music05:32Jim McMahon, Junior Seau, and the concussion research that led him to cannabis07:24Founding BeLeaf Medical around a picnic table14:27What Missouri's cannabis landscape looked like before legalization16:21The 2018 Farm Bill loophole and the fight over Amendments 2 and 324:02The real barriers pioneers faced: banking, zoning, and vendors31:33What vertical integration actually looks like, seed to sale34:26Inside Metrc: how every plant gets tracked and traced37:16Why cannabis is one of the highest-taxed industries in the country40:05Building and defending culture across 500 employees50:42Kevin's role today: boardroom vs. the dispensary floor57:01What actually drove BeLeaf's growth and turnaround65:47The best business advice he never found in a bookThis podcast is brought to you by Storyboard Living.If you're looking to sell us a 40+ unit multifamily property in the St. Louis region, or another part of MO/IL, please email deals@storyboardliving.comConnect with us at our Website: https://storyboardliving.com/LinkedIn profile: https://www.linkedin.com/company/storyboard-living/

