How do you scale a cannabis business? What strategies should companies employ? These pivotal questions set the stage at the recent Benzinga Cannabis Capital Conference in Florida, where industry leaders gathered to share their insights amid the sector's dynamic challenges.
Moderated by Barbara Webb, a tax partner at MGO, the panel featured John Levine CEO of MariMed (OTC: MRMD), Seth Yakatan, co-founder of investment firm Katan Associates and Alex Gray, co-founder and CSO of Good Day Farm.
Strategic Expansion And Capital Challenges
John Levine discussed MariMed’s targeted growth strategy, emphasizing the importance of strategic expansion through vertical integration across several states, in addition to the active pursuit of mergers and acquisitions.
"Our focus is to continue our strategic plan of expanding in each of the states that we're in till we're fully vertical in each of those states, maxing out the number of licenses in each of them," Levine said.
This ambitious expansion strategy is critical in a competitive landscape where scale …
