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Dustin Eide

CEO and founderCanPay

Issaquah, WA

Skills

Payments

About

After spending many years in the payments industry, Dustin Eide saw an opportunity to build the first legitimate debit payment platform for the cannabis industry when Colorado and Washington legalized their Adult Use marijuana industries in 2014. He founded CanPay in 2016 and the company now serves more than 1,000 participating cannabis businesses, including 10 of the 13 largest publicly traded MSOs, and hundreds of thousands of consumer members across more than 30 state markets.

Published content

Unlocking Team Potential: 13 Strategies for Managers

expert panel

Take your team to the next level with these expert-approved motivation strategies. Great managers know that bringing out the best in their teams requires more than just setting expectations. Your employees have to feel motivated, supported and empowered to excel — and that all starts with the work environment. Whether through fostering open communication or aligning employee strengths with responsibilities, the right strategies can unlock your team’s full potential. Read on for advice from Rolling Stone Culture Council business leaders about effective management approaches that drive performance and boost morale.

Boost Retention and Sales: Seven Ways to Measure Your Messaging's Impact

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If you want to retain more customers, take the time to listen to their opinions. When you’re trying to build a brand, it’s all about getting your messaging right. What type of reputation do you want to build for your business? What do customers need to know about your brand and the services or product you provide? How do you stand up to your competition? These are all important questions business leaders can ask themselves to help ensure the messages they are communicating to current and potential customers align with their mission and goals.  And while it’s vital to spend time generating ideas for and actually crafting these messages, it’s equally important to measure the impact of these messages. What do customers think of the messages you’re putting out? What actions (if any) do they feel persuaded to take? Without answers to these questions, business leaders likely won’t be as effective in their communications, meaning they could be missing the mark without even realizing it. In the culture space, connecting with your audience in the right way is key. Here, seven leaders from Rolling Stone Culture Council discuss some of the ways in which businesses can measure the impact of their messaging, and how doing so not only helps them improve customer retention but sales as well.

10 Expert Strategies for Building Hype Around Your Next Event or Launch

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Is your audience excited about what your company is doing? When it comes to planning an event or product launch, there are a lot of moving parts. Logistics around planning the occasion itself, getting the word out and ensuring you have all the resources you need for it to go smoothly can be a complex puzzle to solve — but one of the most important aspects of planning is getting people excited. Building “hype” around your big event or announcement is key to generating customer interest and buy-in for what you’re offering. Without it, you may not achieve the end result you were after. Building excitement isn’t always easy, so to help, the members of Rolling Stone Culture Council offer 10 of their best tips — including insights into what’s worked well for them — for generating hype around a company event, product launch, piece of news and more below.

Managing the Stress of Business Success: 14 Strategies from Entrepreneurs

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Here's how to manage stress and burnout even when you're thriving. Success in business often comes at a cost to the people who achieve it. Long hours, high stakes and relentless pressure can take a toll on even the most driven entrepreneurs and leaders. Because burnout and stress can significantly impact decision-making, team dynamics and the future of your business, it's important to proactively address these feelings and manage them effectively. To help you do this, the members of Rolling Stone Culture Council share their tried-and-true tips for dealing with the stress that can come with success.

11 Lessons Any Leader Should Learn From a Failed Business

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No business is ever a total failure if you’ve learned something from it. It’s a sad reality that many businesses will fail — in fact, around 18 percent of businesses tend to fail within their first year of operation. However, a failing business doesn’t have to be a total loss for an entrepreneur. There are often many valuable lessons to be learned from a failed business — whether it’s your own or another brand’s. The key is figuring out what those lessons are and how you can apply them to your next business venture. As leaders in the culture space, the members of Rolling Stone Culture Council have seen many businesses come and go. Below, they share the notable lessons they've learned from the failure of a business and how that has impacted how they lead now.

12 Tips for Building a Diverse, Inclusive Peer Network

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Discover how you can foster a diverse and inclusive network of peers to drive inspiration and growth. In the culture space, diverse perspectives are more than a "nice to have" — they’re essential for fostering continuous innovation that resonates with your audience. Building an inclusive network of peers can guarantee access to a wide range of ideas, experiences and viewpoints to enrich your work and inspire growth. However, creating such a network doesn't happen without intentionality and effort. To help, the members of Rolling Stone Culture Council share their expert tips on developing a diverse network to help broaden your perspectives and impact.

Company details

CanPay

Company bio

CanPay offers a payment solution for the state regulated cannabis industry and other emerging markets. CanPay started with one goal – to bring traditional and legitimate electronic payment solutions to highly-regulated industries. We’ve spent years learning about the unique challenges that face consumers and retailers in these industries and used that experience to design CanPay as the stable payment solution they can rely on. With over 20 years of industry experience, the CanPay team of payments professionals is building a proprietary network of consumers, retailers, financial institutions, and specialized technology providers that make payments at regulated businesses just like payments everywhere else.

Industry

Technology

Area of focus

Mobile Payments
Financial Services

Company size

11 - 50