How to Build an $875 Million Legal Cannabis Empire

Mitch Kahn is the Founder and CEO of Grassroots Cannabis. The company is a multi-state operator in the booming cannabis sector. They operate retail stores, grow cannabis products of their own, and produce branded products that they sell to other retailers across the country. 

Grassroots Cannabis is headquartered in Chicago, Illinois, which is one of the newest growth markets for the cannabis sector and recreational adult-use marijuana.

Here’s a glimpse of what you’ll learn: 

  • [00:44] Ian introduces his guest, Mitch Kahn
  • [01:44] Mitch’s journey from being a lawyer to working in the legal marijuana business
  • [04:51] Mitch shares the reaction he got from family and friends when he discussed going into the cannabis industry
  • [07:53] Mitch shares his perspective on the possibility of having a federal law in the US legalizing the use of cannabis
  • [13:44] Mitch discusses how referendums on the legalization of marijuana will affect his business
  • [15:40] Mitch talks about how Grassroots Cannabis started and how much they’ve grown since
  • [17:14 MItch discusses some of the biggest challenges that he faced in the process of growing his company
  • [20:53] Mitch explains why he and his partners have decided to keep their company private
  • [24:22] Mitch goes into detail about their company merger with Curaleaf Holdings and their decision to scale up
  • [31:50] Mitch discusses how Grassroots Cannabis is performing in the stock market
  • [34:10] Mitch shares his plans once the merger with Curaleaf Holdings is completed
  • [35:56] Mitch talks about what’s in store for Curaleaf Holdings
  • [39:34] How people can connect with Curaleaf Holdings and Grassroots Cannabis

In this episode…

The cannabis industry is growing. It may have seen a few setbacks in the past but with the growing number of states passing legislation in favor of its legalization, it has become a lucrative industry to be a part of. Mitch Kahn of Grassroots Cannabis saw this early on and decided to invest in the industry at a time when it was still considered taboo by a lot of people. But that leap of faith and the decision to trust his instincts brought him and his company to where it is today.

Mitch Kahn is the current CEO of Grassroots Cannabis, a cannabis company that’s making a mark in the industry and is helping a lot of people learn more and appreciate the benefits of using cannabis for health purposes.

In this episode of the Daily Profit Show, Ian is joined by Mitch Kahn where they talk about Mitch’s decision to defy the initial resistance that he and his partners faced when they decided to put up their business and how all those struggles culminated into their eventual success. Tune in as they talk about how scaling up plays a role in maintaining a strong hold in a fast-growing industry, their decision to merge with Curaleaf Holdings, and how the legalization of cannabis in the US can affect their business. Stay tuned.

Resources Mentioned on this episode

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