Green Thumb Industries opens its 39th RISE store with the Lakewood Ohio store.
Green Thumb Industries (GTI) (CSE: GTII), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced it will open its 39th location, Rise Lakewood, on December 31. This is the fourth Rise™ store in Ohio, Lakewood's first cannabis retail store, and the fifth store GTI will open in December.
We are thrilled to open the first of our two retail locations in Lakewood and to help more Ohioans improve well-being through cannabis while creating jobs at our stores and manufacturing facility. GTI Founder and Chief Executive Officer Ben Kovler
Kovler went on to say that "this is our 39th store in the nation and the 20th we've opened this year – the high end of our previous guidance of 35 to 40 open stores by year-end and 15 to 20 new store openings in 2019."
GTI opened Rise™ stores in Cleveland, Toledo and Lorain earlier this year and has licenses to open up to five cannabis stores in the state, including a second location in Lakewood on Detroit Avenue. The company was awarded Ohio cultivation and processing licenses earlier this year and will produce GTI's branded cannabis products, including brands Rythm and incredibles, in a facility located in Toledo.
"I look forward to seeing all the good this dispensary will do for the community," said State Representative Juanita Brent. "Cannabis has proven to be an effective method to help people who are addicted to opioids and it is time to stop criminalizing a plant."
Lakewood is located seven miles outside of Cleveland, the second largest city in Ohio. The number of registered patients in Ohio has reached 74,768 as of November 2019. In an analysis conducted in July 2018, more than 3.5 million Ohioans have qualifying medical conditions. Estimates expect nearly 200,000 to 300,000 patients will eventually participate in the Ohio medical marijuana program.
To learn more about GTI visit their company HQ here.
Disclaimer: Past performance is not an indicator of future performance.
Get the Latest Marijuana News &
Content in your Inbox!
All your support helps The Green Fund keep writing content for all you
marijuana enthusiasts and potential pot stock investors