Amanda Ostrowitz is a regulatory attorney and entrepreneur who’s identified a need for a user- friendly, scalable platform to research regulations and laws in the cannabis industry. Amanda founded RegsTechnology and its current product, CannaRegs, as a tool to aid attorneys, business people, and governments with localized tracking of regulatory issues. Although RegsTechnology has its origins in covering the dynamics of cannabis regulation, Amanda has created an innovative framework that can be applied more broadly to other emerging, hyper- localized regulatory issues.
Prior to conceiving, developing and founding RegsTechnology, Amanda worked as a bank examiner in the Denver branch of the Federal Reserve Bank of Kansas City. Amanda is a New England native who moved to Colorado in 2004 to attend Colorado College where she earned a B.A. in Economics and went on to receive her Juris Doctor from the University of Denver Sturm College of Law in 2013.
Green Market Report Executive Spotlight Q&A:
Full Name: Amanda Sara Ostrowitz
Title: Chief Executive Officer and Founder
Company: RegsTechnology (CannaRegs)
Years at current company: 5
Education profile: Juris Doctor from University of Denver Strum College of Law May 2013, Bachelor of Arts with major in Economics from Colorado College May 2008
Most successful professional accomplishment before cannabis:
Prior to cannabis, my most successful professional achievement was my time working at the Federal Reserve bank. Something I am specifically proud of, was helping with the implementation of Dodd-Frank related regulations that resulted from the 2008 economic meltdown.
Company Mission: CannaRegs is the first industry sector launched on the RegsTechnology subscription-based regulatory data platform. Our mission is to track and aggregate state and local laws governing highly regulated industries, enabling professionals to identify applicable rules, track ongoing legal developments, and make informed business decisions.
Company’s most successful achievement:
CannaRegs is the first platform ever to comprehensively track local law and regulation. Others have covered state and federal, however our platform was built to track 40,000 local governments and then organize the information into intelligent single industry portals. We are officially the only company in existence that holds this data set.
Has the company raised any capital (yes or no): Yes
If so, how much?: Just over $2 million.
Any plans on raising capital in the future?
Yes, As we continue to expand our platform in cannabis and scale into other highly regulated hyper-local industries (e.g. autonomous vehicles, micromobility, app-based ride share, mobile telecom, renewable energy), we anticipate a very substantial capital raise.
Most important company 5 year goal: Our biggest goal in the next 5 years will be to successfully exit. We are still in the building and growth stages but we’ve already received significant interest and we are positioning ourselves for an exit in the next 3-5 years. That said, things can change in an instant.