Ep 339 - GrowGeneration: Consolidating The Market For Cannabis Grower's Supplies

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How do you take the fragmented cannabis retail supply business and consolidate it to provide both commercial and home-growers with everything they want under one roof?

Here to help us answer that is Michael Salaman, president and co-founder of GrowGeneration.

Learn more at https://growgeneration.com

Key Takeaways:

[00:50] An inside look at GrowGeneration, the nation's largest chain of specialty hydroponic and organic garden centers

[1:33] Michael’s background and how he got into the cannabis space

[6:48] How GrowGeneration decides which states and cities to place their grow stores

[15:10] The difference in purchasing patterns between average customers and MSOs (multi-state operators)

[20:13] How GrowGeneration has created a resilient supply chain that can withstand market disruptions

[26:26] The fastest-evolving product categories at GrowGeneration and why Michael believes they're gaining traction

[32:24] How former Home Depot CEO Bob Nardelli has helped GrowGeneration as a strategic advisor

[34:48] What cannabis banking could mean for the industry over the next few years

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