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Benzinga
Benzinga
Business
Nicolás Jose Rodriguez

EXCLUSIVE: Data-Driven Marijuana, Michigan's Cloud Cannabis And The First-Mover Advantage

Cloud Cannabis is a vertically integrated business that has had an incredible run since opening its first dispensary in June 2020, even while launching during the pandemic. The firm experienced over 31,000% in retail revenue growth in its first year of business (Q3 2020 to Q2 2021) and 211% from Q3 2021 to Q2 2022.

Completely self-funded, Cloud experienced a 234% increase in wholesale revenue growth from Q1 2021 to Q2 2022 and is on the road to becoming one of the largest employers in Michigan. Growing from 25 employees in 2020 to almost 300 today, Cloud’s team has served over 1.5M customers to date.

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