A RESULTS-DRIVEN COMPANY FOR AN EQUITABLE CANNABIS MARKETPLACE
Summary
Growing Talent is a cannabis technology company with a passion for social equity
Proprietary operating system built on a highly integrated tech stack
Secured almost $2M in capital to secure properties and build supply chain, and grow diverse teams
Over $800K MRR with over $10M in sales since 2018 for a retail partner
7 cannabis licenses in Los Angeles, Oakland, and San Francisco
As seen in…
WHY WE EXIST
The cannabis industry is booming but many businesses are struggling due to poor infrastructure. Moreover, dispensaries owned by people of color are failing to launch in areas where cannabis markets are legal and lucrative due to a lack of resources such as capital, real estate, and technology. Less than 1 in 5 of dispensary owners are people of color.
As more and more states legalize cannabis, there is a huge opportunity to cultivate and train entrepreneurs of color, especially those affected by the war on drugs, so they can begin to sell, manage, analyze, and expand their businesses under a nationally recognized brand.
World-Class, Professionally Managed Cannabis Dispensaries
Growing Talent’s equity incubator is a turnkey solution to starting a Good Tree dispensary driven by a state of the art operating system. Our intensive training and software guide minority business owners through the entire process from concept to opening their doors similar to franchising opportunities by America’s most successful companies including Chick-fil-A, Edward Jones, and McDonald’s.
Equity partners become proficient in our operating system deemed “Systems as a Service” which is highly competitive with other cannabis SaaS platforms in that we provide a single solution for various business operations and compliance workflows while others only focus on one or the other.
We've applied our expertise to delivery services which can easily be mirrored in dispensaries. This system assists equity applicants and entrepreneurs in nearly every functional area of business, including but not limited to:
Point of sale
Inventory tracking
Delivery logistics
Hiring, onboarding, and time-tracking
Accounting, payroll, and tax preparation
Compliance management
Security
We also have a trained pharmacist on our executive team with over 15 years of medication therapy management, accreditation preparedness, operations development.
Through social equity, we’re able to provide our technology and mentorship at a fraction of the cost to people of color who otherwise wouldn’t have the means to do so.
TRACTION
Our retail partner, Good Tree, is a digitally native vertical brand powering cannabis delivery through our technology and systems. Since its launch in 2018, Good Tree has grown in reputation, talent, and resources.
By the numbers:
Over $200K MRR with $3.5M in total revenue since inception
Over 22,000 deliveries with an average delivery time of ~60 minutes (industry average is 90 minutes at best)
Serviced over 8,500 customers in key markets including Long Beach, Los Angeles, Oakland, and San Francisco
Established relationships with cultivators in Emerald Triangle (Humboldt, Mendocino, and Trinity Counties)
Licenses and Real Estate
los angeles
3 licenses for manufacturing, distribution, and retail non-storefront delivery
7,000 sq ft manufacturing, distribution, retail delivery facility less than 30 minutes from Staples Center in downtown Los Angeles
oakland
1 license for retail non-storefront delivery
1,900 sq ft retail delivery-only shop minutes from Oakland Coliseum (Verified Social Equity Incubator)
Incubating licensed distributor equity partner providing free rent and technical assistance
san francisco
3 licenses for manufacturing, distribution, and retail storefront dispensary
4,000 sq ft manufacturing, distribution, and retail dispensary minutes from Chase Center in popular SoMa district (Verified Social Equity Applicant)
How Growing Talent has helped:
Pitch deck development that has generated ~$500K to date in funding
Package design and manufacturing for branded products
Access to a pharmacist with over 15 years of adult and pediatric care experience
Technical support with point of sale, logistics, accounting, compliance, human resources, and more
Inbound and outbound marketing strategies with expertise in paid advertising
Licensing and permitting processes in Long Beach, Los Angeles, Oakland, and San Francisco resulting in 7 cannabis licenses throughout the supply chain
Hiring and onboarding processes as well as opportunities to increase employee retention and decrease turnover resulting in a consistent staff count of 30 drivers and dispatchers other more
“The fact is that marijuana laws are not applied and enforced in the same way for all people. So for example, African Americans use marijuana at roughly the same rate as whites but are approximately four times more likely to be arrested for possession. That’s just not fair.”
National Good Tree Dispensaries Owned and Funded by the Community
Community re-investment + Generational wealth. Technology has the power to mobilize and restore communities. We aim to expand upon our world-class technology and create new opportunities for minority business leaders to launch and own franchises in their communities. We’ll expand to different states and grow our company to focus on real estate, debt-based lending, and innovation.
