This is one of the most common startup ideas. It doesn’t work. Been tried dozens of times. But seems to have an unlimited supply of greater fools who will invest.
You're right! Lots of people have tried this before. The main source of failure historically has been regulation.
We took the approach of addressing the elephant in the room first. We spent 3 years to crack the regulation case and we got federal approval to make sure we have the potential to get this market to its full potential.