CannaInsider - Interviews with the Business Leaders of The Legal Cannabis, Marijuana, CBD Industry
Ep 339 - GrowGeneration: Consolidating The Market For Cannabis Grower's Supplies
Manage episode 287992788 series 2391501
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
[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