The Year of Expanding Footprints: The 2017 CBE 200 PPRs

When we published the first CBE 100 Producers, Processors, and Retailers (PPR) list in 2015, we named the story “The Year of the Operator”. At that time, the list reflected the revenue and employee counts of the largest licensee operators in Arizona, California, Colorado, Connecticut, District of Columbia, Maine, Michigan, New Jersey, New Mexico, Oregon, Rhode Island and Washington. CBE focused on operators in those states that had multiple retail locations.

In 2016, as new medical marijuana state licensees got up and running, this year’s list included operators from five (5) new states: Illinois, Nevada, New York, Minnesota, and Vermont (it would have been six but we couldn’t get Massachusetts licensees to go on record). The 2017 CBE 200 PPRs represent somewhere in the vicinity of $1.75 billion (that is Billions with a capital B!) in revenues, which would represent about 25% of ArcView’s $6.7 billion dollar estimate in regulated marijuana revenue that was generated in 2016.

What stood out to CBE as we were putting this year’s list together was the large number of operators with multiple production and retail licenses, as well as the expanding state licensees and distribution that processor brands like Bhang Corporation, Dixie Brands, Kiva, Incredibles, Organa Labs, and Wana Brands, to name a few, have achieved in the last year. Of the top 20 companies on this year’s list, 10 are in multiple states.

Thanks to its transparent state I502 regulatory disclosure requirement, Washington leads this year’s list with 77 ranked companies. Other licensees that made the list have locations in:

• Arizona: 33
• California: 8
• Colorado: 31
• Connecticut: 2
• District of Columbia: 3
• Illinois: 7
• Maine: 2
• Minnesota: 1
• Nevada: 21
• New Jersey: 1
• New Mexico: 3
• New York: 2
• Oregon: 9
• Rhode Island: 2
• Vermont: 1

We expect the list of represented states with licensees to grow next year as smaller markets like Alaska and Hawaii ramp up, and Massachusetts finally gets its act together so that its operators begin sharing data. With large population states in newly legalized markets like Florida, Maryland, Ohio, Pennsylvania and Michigan adding a state regulatory structure the list will grow… And let’s not forget California which has only been minimally represented on the first two CBE PPR lists, since the state has yet to implement statewide regulations and licensing for either medical marijuana or the recently passed ballot initiative for adult-use. Don’t hold your breath to see the full impact California companies will have on this list next year, it could be a couple of years before state and locally licensed entities replace the gray market providers in the state.

In regards to sharing data, CBE contacted all of the companies listed and had several valuable sources who made this year’s list possible with their local and state market knowledge. It has been our hope from the start that cannabis licensees, the majority of which are privately held, would transparently participate in this project to identify the largest revenue and job producers by state (and tax payers for that purpose), and share basic benchmarks and best practices to help their pioneering peers and the industry act in a transparent and responsible way. Unfortunately, that has not been the case; nevertheless, we salute and thank all of the licensees that have openly shared their information to make the 2017 CBE 200 PPRs list possible. We also thank the many contributors and sources that spent many hours shaking the trees with yours truly to come up with the data the list supplies.

Some companies on this year’s list (as was the case last year) shared their data but wanted it kept off the record, so CBE honored those requests once again. In these instances, we used the information to slot their companies correctly. In other cases, we relied on the above mentioned contributors and researchers in individual states and markets to provide their best guess as to the size of individual entities and their headcounts and revenues.

As stated before, the CBE PPR list, as well as the 2016 CBE Ancillary Business 100 list, were conceived to help drive capital (and the institutional money that has by-and-large been on the sidelines to date due to Federal prohibition) to the real cannabis industry revenue and job producers. We will continue to dig deep so we can share this information with our readers every year. Like all lists, this one isn’t perfect, so please reach out to CBE if we excluded your business and share your story and information so we can do the same with our readers.

And finally, for the second year in a row, CBE would like to congratulate John Lord and the dedicated team of professionals at LivWell Enlightened Health that have once again topped the CBE PPR list, this year cracking $100 million dollar revenue ceiling as they continued their expansion in Colorado last year. We expect to see their footprint grow in year’s to come (they are one of the top license holders in the state of Colorado and have gone on the record about entering new markets). The leadership they have demonstrated not only running the largest legally licensed cannabis revenue operation (arguably in the world), but also by giving back to the communities that they serve. This bodes well for the Cannabis Industry as it continues its impressive march to full acceptance nationally and internationally; and we hope the end of Federal prohibition is in the not too distant future.

Rank	Company	Status	HQ	Ownership/ Management Team	Employees	2016 Revenues ($000)	2015 Revenues ($000)	% Change	Category
1	LivWell Enlightened Health	Private	Denver, CO	John Lord	500+	100,000	80,000	25%	Producer, Processor, Retailer
2	Organa Brands	Private	Denver, CO, AZ, CA, CT, ME, MA, NV, NM, OR, and Jamaica	Ralph Morgan, Jeremy Heidl, Chris McElvany, & Chris Driessen	120	NA	NA	NA	Producer, Processor
3	Native Roots	Private	Denver, CO	Peter Knoebel, Josh Ginsberg, & Rhett Jordan	600+	NA	NA	NA	Producer, Processor, Retailer
4	The Green Solution	Private	Denver, CO and Illinois	Kyle & Eric Speidell	300+	NA	NA	NA	Producer, Processor, Retailer
5	Dynamic Growth LLC aka Sweet Leaf Marijuana	Private	CO, NV, and OR	Christian Johnson, Anthony Sauro, & Matthew Aikens	400+	NA	28,000	NA	Producer, Processor, Retailer
6	La Mota/La Mota Farms	Private	Portland, OR	Aaron Mitchell, Rosa Cazares	110	NA	NA	NA	Producer, Retailer
7	Bhang Chocolates Company	Private	Miami, FL	Scott Van Rixel & Richard Sellers	175	NA	NA	NA	Processor
8	Dixie Brands	Private	Denver, CO	Tripp Keber, Chuck Smith, & Joe Hodas	110	NA	NA	NA	Processor
9	Harborside	Private	Oakland, CA	Steve & Andrew DeAngelo	185	36,000	30,000	20%	Retailer
10	SPARC	Private	San Francisco, CA	Eric Pierson & Robert Jacob	160	30,000	25,426	18%	Producer, Retailer
11	Buddy Boy Brands	Private	Denver, CO	John Fritzel	100+	26,000	22,000	18%	Producer, Processor, Retailer
12	The Clinic and The Lab	Private	Denver, CO; Chicago, IL; Las Vegas, NV	John Max Cohen, Alex Andre, & Scott Thorn	150+	25,000	15,000	66%	Producer, Processor, Retailer
13	Rocky Mountain High and Garden State Dispensary	Private	Denver, CO and Woodbridge, NJ	David & Michael Weisser	250+	NA	NA	NA	Producer, Processor, Retailer
14	Terra Tech aka Blum Oakland and Blum Las Vegas	TRTC	Newport Beach, CA	Derek Petersen	100+	22,500	15,000	50%	Producer, Processor, Retailer
15	Capital City Care, Columbia Care, PatriotCare, SWC	Private	AZ, DC, IL, MA, NY, MD, PR	Michael Abbott & Nick Vita	250+	NA	NA	NA	Producer, Processor, Retailer
16	Good Chemistry	Private	Denver, CO and Las Vegas, NV	Matthew Huron	130	NA	NA	NA	Producer, Processor, Retailer
17	Main Street Marijuana	Private	Vancouver, WA	Ramsey & Adam Hamide	36	22,305	15,765	41%	Retailer
18	Northwest Cannabis Solutions	Private	Olympia, WA	Leo Gontmakher	150	21,050	5,955	253%	Producer, Processor
19	Nectar Cannabis	Private	Portland, Oregon	Jeremy Pratt	NA	NA	NA	NA	Producer, Retailer
20	Have A Heart	Private	Seattle, WA	Ryan Kunkel	123	20,720	2,615	693%	Retailer
21	Lightshade	Private	Denver, CO	John Fritzel, Steve Brooks, & Tom Van Alsburg	100+	20,000	16,000	25%	Producer, Processor, Retailer
22	Nature's Medicine	Private	Phoenix, AZ	Mark Steinmentz	70	20,000	19,200	4%	Producer, Processor, Retailer
23	Apothecarium	Private	San Francisco, CA	Ryan Hudson	75	NA	NA	NA	Producer, Processor, Retailer
24	Terrapin Care Station	Private	Boulder, CO	Chris Woods	100	NA	NA	NA	Producer, Retailer
25	Grow Op Farms	Private	Spokane, WA	Rob & Katrina McKinley	100	19,580	8,295	136%	Producer, Processor
26	Berkeley Patients Group	Private	Oakland, CA	Tim Schick	78	19,000	17,500	9%	Retailer
27	Medicine Man	Private	Denver, CO	Andy & Pete Williams, Sally Vander Veer	72	18,000	18,000	0	Producer, Processor, Retailer
28	Wellness Connection of Maine	Private	Portland, ME	Patricia Rosi	85	18,000	15,000	20%	Producer, Processor, Retailer
29	Mindful	Private	Denver, CO	Meg Sanders	103	NA	15,000	NA	Producer, Processor, Retailer
30	Maggie's Farm	Private	Colorado Springs, CO	Bill Conkling	6 retail Locations	NA	NA	NA	Producer, Retailer
31	Uncle Ike's	Private	Seattle, WA	Ian Eisenberg	110	15,855	13,645	16%	Processor, Retailer
32	Euflora	Private	Denver, CO	Jamie Perino & Pepe Breton	75	15,000	12,000	25%	Producer, Retailer
33	GFarmaLabs	Private	Anaheim, CA	Ata, Nicole, & Christina Gonzalez	150	15,000	11,700	28%	Producer, Processor
34	Tru Cannabis	Private	Denver, CO and Portland, OR	Justin Staley, Bruce Nassau, Larry Nassau, David Hamilton, & David Benlolo	85	15,000	10,000	50%	Producer, Processor, Retailer
35	Potco Wholesale	Private	Denver, CO	James Lowe, John Fritzel, & Adam Cohen	50+	14,000	9,000	55%	Producer, Processor, Retailer
36	TruMed Dispensary	Private	Phoenix, AZ	Jon Pilkington & Mike Anton	40	13,000	1,0000	30%	Producer, Processor, Retailer
37	PP Wellness Center	Private	Glendale, AZ	Paul Perez & Branden Orr	60	11,500	9,000	28%	Producer, Processor, Retailer
38	The Evergreen Market	Private	Renton, WA	Jeff Anderson, Eric Gaston, & Arne Nelson	55	11,310	2,715	317%	Retailer
39	Clear Choice Cannabis	Private	Tacoma, WA	Adam Schmidt	43	11,175	5,420	106%	Retailer
40	The Herbery	Private	Vancouver, WA	Jim Mullen & Rick Zahler	40	11,090	5,790	92%	Retailer
41	Colorado Harvest Company	Private	Boulder, CO	Tim Cullen	78	11,000	6,700	64%	Producer, Retailer
42	Cinder	Private	Spokane, WA	Justin Peterson	22	10,765	7,305	47%	Retailer
43	Greenside Recreational	Private	Des Moines, WA	David Ahl & Seth Simpson	35	10,535	7,245	45%	Retailer
44	Bud Hut	Private	Comano Island, WA	NA	NA	10,515	4,715	123%	Retailer
45	Medically Correct/incredibles	Private	Denver, CO	Bob Eschino & Rick Scarpello	95	10,500	9,000	167%	Producer, Processor
46	Monarch Wellness Centers Inc	Private	Scottsdale, AZ	Dustin Johnson	35	10,500	9,600	9%	Producer, Processor, Retailer
47	Thomas C. Slater Compassion Center	Private	Providence, RI	Gerald McGraw	60+	10,500	6,500	62%	Producer, Processor, Retailer
48	The Bud Hut	Private	Everett, WA	Scott Hensride	33+	10,435	4,715	122%	Retailer
49	Arizona Natural Selections	Private	Peoria and Scottsdale, AZ	JP Holyoak	45	10,000	NA	NA	Producer, Processor, Retailer
50	Cheeba Chews	Private	Denver, CO	James Howler	65	10,000	4,500	122%	Processor

Rank	Company	Status	HQ	Ownership/ Management Team	Employees	2016 Revenues ($000)	2015 Revenues ($000)	% Change	Category
51	FGS, Inc. Patients Choice & Live Green Cannabis	Private	Denver, CO	Brook Gehring	80	10,000	10,000	0	Producer, Processor, Retailer
52	Good Meds	Private	Denver, CO	John Knapp	55-70	10,000	6,500	54%	Producer, Processor, Retailer
53	Kiva Confections	Private	Bay Area, CA	Scott Palmer	60	NA	NA	0	Processor
54	Choice Organics	Private	Fort Collins, CO	Brian Freeman	44	9,700	7,700	26%	Producer, Processor, Retailer
55	Strawberry Fields	Private	Colorado Springs, CO	Mike & Richard Kwesell	NA	NA	NA	NA	Producer, Processor, Retailer
56	420 Carpenter	Private	Lacey, WA	Chad Champagne	44	9,500	3,500	171%	Retailer
57	The Gallery	Private	Tacoma, WA	Ted Wetherbee	54	9,155	3,659	151%	Retailer
58	Kush Mart	Private	Everett, WA	Slava & Dmitry Ioffe	NA	9,110	5,085	79%	Retailer
59	The Holistic Center	Private	Phoenix, AZ	Cindy & Bill Abbott	20	9,000	NA	NA	Producer, Processor, Retailer
60	Satori	Private	Spokane, WA	Justin & Estee Wilson	13	8,675	4,955	75%	Retailer
61	The Giving Tree Wellness	Private	Mesa, AZ	Dr. Gina Berman & Lilach Mazor Power	25	8,500	NA	NA	Producer, Processor, Retailer
62	Issaquah Cannabis Company	Private	Issaquah, WA	Clifford Gehrett	20	8,260	4,365	89%	Retailer
63	Green Light	Private	Spokane, WA	Sonny Langdon	17	8,100	5,650	43%	Retailer
64	Shango	Private	Portland, OR and Las Vegas, NV	Brandon Rexroad, Shane McKee, and Ashley Hollo	80+	$8,000	$2,600	208%	Producer, Processor, Retailer
65	Harvest of Arizona	Private	Tempe and Scottsdale, AZ	Steve White	45	8,000	NA	NA	Producer, Processor, Retailer
66	Kaleafa Cannabis Company	Private	Oak Harbor, WA and Portland, OR	Julie and John Widmer	70	8,000	3,500	128%	Retailer
67	Wana Brands	Private	Boulder, CO	Nancy Whiteman, John Whiteman, & Sean Best	90+	NA	NA	NA	Producer, Processor
68	Bloom Dispensary AZ	Private	Phoenix, AZ	Ed Judice	NA	7,500	7,200	4%	Producer, Processor, Retailer
69	Reynold Greenleaf & Associates, LLC (R. Greenleaf Organics, Inc.; Medzen Services, Inc.; G & G Genetics, Inc.; Elemental Kitchen & Laboratories)	Private	Albequerque, NM	Willie Ford	63	7,500	5,485	37%	Producer, Processor, Retailer
70	Sativa Sisters	Private	Spokane, WA	Don Henrichs	14	7,310	5,255	39%	Retailer
71	Dockside Cannabis	Private	Seattle, WA	Aaron Varney	46	7225	3,905	85%	Retailer
72	Health For Life Inc	Private	Mesa, AZ	Beth Stavola	50	7,200	NA	NA	Producer, Processor, Retailer
73	Purple Heart Patient Center	Private	Oakland, CA	Keith Stephenson	25	7,200	7,185	0	Retailer
74	The Ganja Goddess	Private	Seattle, WA	Tara Wells	25	7,150	3,880	84%	Retailer
75	Artizen Cannabis Company	Private	Tacoma, WA	George Jordan	65	7,110	3,670	94%	Producer, Processor
78	Highway 7 Dispensary	Private	Tacoma, WA	Ramel William	23	7,080	3,045	132%	Retailer
77	Herb's House	Private	Seattle, WA	Sharon Jacobson & David Sloan	19	7,020	3,110	126%	Retailer
78	Arizona Cannabis Society Inc	Private	El Mirage, AZ	Damon & Dana Nutt	25	7,000	NA	NA	Producer, Processor, Retailer
79	Chalice Farms	Private	Portland, OR	William Simpson	73	7,000	8,000	-13%	Producer, Processor, Retailer
80	Higher Leaf Boutique	Private	Kirkland, WA	NA	NA	7,000	NA	NA	Retailer
81	Belmar Bellevue Marijuana	Private	Bellevue, WA	Boris Leviach	30	6,960	2,435	186%	Retailer
82	The Stashbox	Private	Auburn, WA	James Blankenship	13	6,930	3,805	82%	Retailer
83	Green-Theory	Private	Bellevue, WA	John & Debbie Bacon	25	6,635	5,040	32%	Retailer
84	BMF WASHINGTON	Private	Vancouver, BC	Peter Saladino	45	6,575	5,355	23%	Producer, Processor
85	Cowlitz County Cannabis Cultivation (Dab dudes/Hi-Guys)	Private	Longview, WA	Cameron & Blake Svenson	25	6,500	610	962%	Producer, Processor
86	New Vansterdam	Private	Vancouver, WA	Brian Budz	50	6,445	11,120	-42%	Retailer
87	World of Weed	Private	Tacoma, WA	Alden Linn	25	6,440	870	639%	Retailer
88	Cresco Labs	Private	Chicago, IL	Charlie Bachtell	50	NA	NA	NA	Producer, Processor
89	Arizona Organix	Private	Glendale, AZ	Bill & Ben Myers	30	6,000	NA	NA	Producer, Processor, Retailer
90	Encanto Green Cross Dispensary	Private	Phoenix, AZ	Grant Brothers	35	6,000	NA	NA	Producer, Processor, Retailer
91	Herbal Wellness Center	Private	Phoenix, AZ	Thai Nguyen	40	6,000	5,400	11%	Producer, Processor, Retailer
92	Treehouse Club	Private	Spokane Valley, WA	Steve Burks	15	6,000	2,590	132%	Retailer
93	The Farm	Private	Boulder, CO	Jan Cole, Devin Lyles	100	NA	NA	NA	Producer, Retailer
94	Green Man Cannabis	Private	Denver, CO	Christian Hagesth	33	NA	NA	NA	Producer, Retailer
95	Herbal Nation Bothell	Private	Bothell, WA	Roger Malaky	12	5,830	3,720	57%	Retailer
96	Stash	Private	Seattle, WA	Patrick & Shea Hynes	25	5,770	870	563%	Retailer
97	Mister Bill's of Buckley	Private	Buckley, WA	Doug West	20	5,730	2,890	98%	Retailer
98	2020 Solutions	Private	Bellingham, WA	Troy Lozano	20	5,640	4,225	33%	Retailer
99	Local Roots	Private	Bothell, WA	John Stefani	60	5,550	1,975	181%	Retailer
100	PharmCannis & PharmaCann	Private	Oak Park, IL	Teddy Scott & Jeremy Unruh	NA	NA	NA	NA	Producer, Processor, Retailer

Rank	Company	Status	HQ	Ownership/ Management Team	Employees	2016 Revenues ($000)	2015 Revenues ($000)	% Change	Category
101	Cascade Kropz	Private	Arlington, WA	Brad & Lisa Kihm	9	5,545	4,085	36%	Retailer
102	Catalina Hills Botanical Care Inc	Private	Oro Valley, AZ	Nolan Ryan	20	5,500	3,000	83%	Producer, Processor, Retailer
103	Connecticut Pharmaceutical Solutions, LLC	Private	Portland, CT	Thomas Schultz	20	5,500	2,000	175%	Producer
104	Green Pharmacy	Private	Flagstaff, AZ	Arvin Saloum	25	5,500	NA	NA	Producer, Processor, Retailer
105	Yavapai Herbal Services Inc	Private	Cottonwood, AZ and Prescott Valley, AZ	Sean Warraich	25	5,500	NA	NA	Producer, Processor, Retailer
106	Minerva Canna Group	Private	Albequerque, NM	Eric Briones	47	5,400	4,300	26%	Producer, Processor, Retailer
107	Urban Bud	Private	Tacoma, WA	Chandra Hall & Errol Franada	16	5,085	530	856%	Retailer
108	All Greens Inc	Private	Surprise, AZ	Jimmy Pham	15	5,000	NA	NA	Producer, Processor, Retailer
109	Arizona Natural Remedies Inc	Private	Phoenix, AZ	Gordon Hamilton	15	5,000	NA	NA	Producer, Processor, Retailer
110	Oregon's Finest	Private	Portland, OR	Tyson Haworth, Troy Moore, & Mark Seid	35+	5,000	3,500	43%	Retailer
111	Phoenix Relief Center Inc	Private	Phoenix, AZ	Gino Lucadamo	25	5,000	NA	NA	Producer, Processor, Retailer
112	Swell Farmacy	Private	Youngtown, AZ	Jim Caufman	25	5,000	NA	NA	Producer, Processor, Retailer
113	Thames Valley Alternative Relief	Private	Uncasville, CT	Laurie Zrenda & Meredith Elmer	12	5,000	2,120	136%	Retailer
114	The Slow Burn	Private	Union Gap, WA	Ken Weaver	10	4,930	2,865	72%	Retailer
115	Green Lady	Private	Olympia, WA	Mike Redman	20	4,910	3,705	33%	Retailer
116	Emerald Haze	Private	Renton, WA	Jim Buchanan	25	4,855	1,955	148%	Retailer
117	Nobel Farms	Private	Tacoma, WA	Mark Rowland	45	4,815	2,115	128%	Producer, Processor
118	The Novel Tree	Private	Bellevue, WA	Allie & Chris McAboy	23	4,780	3,650	31%	Retailer
119	Spinning Heads	Private	Tacoma, WA	Chris Kealey, Brent Gravley, and Natasha Combs	45	4,740	2,115	124%	Producer, Processor
120	Arborside	Private	Ann Arbor, MI	Rhory Gould	15	4,700	3,500	34%	Retailer
121	Emerald Leaves	Private	Tacoma, WA	Leroy Dunn	15	4,655	1,935	141%	Retailer
122	Ocean Greens	Private	Seattle, WA	Oltion Hyseni	15	4,485	5,235	-14%	Retailer
123	The Green Nugget	Private	Spokane, WA	Scott O'Neil	10+	4,450	1,235	261%	Retailer
124	Dank	Private	Denver, CO	Greg Gamet, Justin Jones, & Jay Griffin	30	4,400	4,400	0	Producer, Processor, Retailer
125	Mahatma Concentrates	Private	Denver, CO	Shannon Wilson	32	4,400	2,700	63%	Edibles and Infused Product Manufacturers
126	Seattle Tonics	Private	Seattle, WA	Richard Min	10+	4,300	1,845	133%	Retailer
127	Pot Zone	Private	Port Orchard, WA	Randy Jones	17	4,215	2,630	60%	Retailer
128	High Society	Private	Everett, WA	Neary Ouch	9	4,160	2,725	53%	Retailer
129	Lucid Cannabis Co.	Private	Washington	Johanna Grider	28	4,160	2,135	95%	Retailer
130	Crimson Wave	Private	Covington, WA	Ben Bentitou	10+	4,085	1,210	237%	Retailer
131	Altitude	Private	Prosser, WA	Tim Thompson	12	4,000	3,070	30%	Retailer
132	Earth's Healing Inc	Private	Tucson, AZ	Vicky Bucci	20	4,000	NA	NA	Producer, Processor, Retailer
133	Leaf Life Casa Grande	Private	Casa Grande, AZ	Shawn Falconbridge	27	4,000	NA	NA	Producer, Processor, Retailer
134	PARC Dispensary	Private	Phoenix, AZ	Jeff Schaeffer	20	4,000	NA	NA	Producer, Processor, Retailer
135	White Mountain Health Center Inc	Private	Sun City, AZ	Daryl "Butch" Williams	25	4,000	NA	NA	Producer, Processor, Retailer
136	Essence Dispensary	Private	Las Vegas, NV	Armen Yemenidjian	NA	4,000	NA	NA	Producer, Processor, Retailer
137	Vireo Health (MN, NY, MD)	Private	Minneapolis, MN	Dr. Kyle Kingsley & Ari Hoffnung	NA	NA	NA	NA	Producer, Processor, Retailer
138	Avitas	Private	Arlington, WA	Jason Smits & Adam Smith	15	3,985	2,225	80%	Producer, Processor
139	New Mexicann Natural Medicine	Private	Santa Fe, NM	Carlos Gonzalez	43	3,900	3,500	11%	Producer, Processor, Retailer
140	Rainier Wellness Center	Private	Tacoma, WA	Alex Rodrigues	19	3,890	1,225	218%	Retailer
141	Rainier On Pine (Xandes)	Private	Tacoma, WA	Jason Ortega	NA	3,850	4,370	-12%	Retailer
142	Botanica Seattle	Private	Seattle, WA	Tim Moxey	30	3,830	1,925	99%	Producer, Processor
143	Nimbin Pot Shop	Private	Seattle, WA	Jas Sangha	23	3,805	1,330	186%	Retailer
144	Evergreen Organics	Private	Las Vegas, NV	Jerry Velerde	50	3,800	NA	NA	Producer, Processor
145	Zoots (Db3)	Private	Seattle, WA	Patrick Devlin	NA	3,785	4,235	11%	Producer, Processor
146	Herbn-Elements	Private	Seattle, WA	David & Andrea Sligar	20	3,765	1,905	98%	Retailer
147	West Seattle Cannabis Company	Private	Seattle, WA	Andrew Cornwall, Sean Miller, and Jon Sherman	10	3,640	430	743%	Retailer
148	Xtracted Labs	Private	Seattle, WA	NA	NA	3,620	877	313%	Producer, Processor
149	Love's Oven	Private	Denver, CO	Peggy Moore	40	3,600	2,800	286%	Edibles and Infused Product Manufacturers
150	Nature's Wonder Inc.	Private	Apache Junction, AZ	Kim & Dwayne Thompson	15	3,500	NA	NA	Producer, Processor, Retailer

Rank	Company	Status	HQ	Ownership/ Management Team	Employees	2016 Revenues ($000)	2015 Revenues ($000)	% Change	Category
151	Purplemed Inc	Private	Tucson, AZ	Murphy Cattrell	35	3500	NA	NA	Producer, Processor, Retailer
152	Om of Medicine	Private	Ann Arbor, MI	Mark Passerini	12	NA	NA	NA	Retailer
153	Southern Vermont Wellness	Private	Burlington, VT	Shayne Lynn	50	NA	NA	100%	Producer, Processor, Retailer
154	Green Fire Production	Private	Arlington, WA	Keith Holton	25	3,465	2,000	73%	Producer, Processor
155	Hashtag Cannabis	Private	Seattle, WA	Logan Bowers	10	3,460	2,320	49%	Retailer
156	Cannabis City	Private	Seattle, WA	James Lathrop	15	3,455	4,723	-27%	Retailer
157	EVERGREEN HERBAL	Private	Seattle, WA	Marco Hoffman	40	3,430	1,020	237%	Producer, Processor
158	Station 420	Private	Union Gap, WA	Adam Markus	20	3,405	1,640	107%	Retailer
159	Mary Mart	Private	Tacoma, WA	Damien McDivitt	14	3,365	2,170	55%	Retailer
160	L'Eagle Services	Private	Denver, CO	John & Amie Andre	40	NA	NA	32%	Producer, Processor, Retailer
161	Cascade Herb Company	Private	Bellingham, WA	Charles Justin West	8	3,295	1,850	78%	Retailer
162	Sunflower Meds	Private	Mesa, AZ	NA	20	3,250	NA	NA	Producer, Processor, Retailer
163	VCC Brands	Private	Oakland, CA	Kenny Morrison	30	3,250	7,000	-53%	Processor
163	High End Marketplace	Private	Vancouver, WA	Morgan Hutchinson	15	3,200	3,005	7%	Retailer
165	National Holistic Healing Center	Private	Washington, DC	Chanda Macias	10	3,200	50	630%	Retailer
166	Nevada Medical Marijuana	Private	Las Vegas, NV	Randy Black, Sr. & Van McConnon	32	3,100	NA	NA	Producer, Processor, Retailer
167	The Clone Zone	Private	Arlington, WA	Brian Lade	18	3,085	2,715	13%	Producer, Processor
168	American Mary	Private	Wallingford, WA	Donnie Douglas	10	3,020	530	470%	Retailer
169	Black Market	Private	Salem, OR	Jacob Fannon & Sean Bryant	11	3,000	NA	NA	Producer, Processor
170	Botanica Tuscon	Private	Tucson, AZ	Bryan Hill	20	3,000	NA	NA	Producer, Processor, Retailer
171	Canuvo	Private	Biddeford, ME	Sage Peterson	30	3,000	2,400	25%	Producer, Processor, Retailer
172	HanaMeds	Private	Kingman, AZ	Al Abrahms	20	3,000	NA	NA	Producer, Processor, Retailer
173	Greenleaf Compassionate Care Center	Private	Portsmouth, RI	Seth Bock	30+	3,000	1,650	82%	Producer, Processor, Retailer
174	Highway 420	Private	Bremerton, WA	Annette Atkinson	12	3,000	3,200	6%	Retailer
175	Kind Meds Inc	Private	Mesa, AZ	Jason Chaciaon	4	3,000	NA	NA	Producer, Processor, Retailer
176	Reef Dispensaries (Tryke)	Private	Las Vegas, NV	Matthew Morgan	NA	3,000	NA	NA	Producer, Processor, Retailer
177	Mary Jane	Private	Kirkland, WA	Sierra Conley	12+	2,880	530	441%	Retailer
178	Buddy Boy Farms	Private	Spokane, WA	Kenneth "DJ" Parker & Steve Walser	20	2,870	2,080	38%	Producer, Processor
179	Speedweed	Private	Los Angelas, CA	AJ & Jen Gentile	46	2,600	4,000	-35%	Producer, Processor, Retailer
180	Life Gardens	Private	Kittitas, WA	Mark Ziegler	30	2,555	2,270	13%	Producer, Processor
181	PureGreen	Private	Portland, OR	Matt & Meghan Walstatter	12	2,000	1,600	25%	Producer, Processor, Retailer
182	The Source (Henderson Organic Remedies LLC)	Private	Las Vegas, NV	Andrew Jolley	NA	2,000	NA	NA	Retailer
183	INYO	Private	Las Vegas, NV	Chris Olsen & David Goldwater	NA	2,000	NA	NA	Retailer
184	Silver State Relief	Private	Las Vegas, NV	Aron Swan	NA	2,000	NA	NA	Retailer
185	The Dispensary	Private	Las Vegas, NV	NA	NA	2,000	NA	NA	Retailer
186	Metropolitan Wellness Center	Private	Washington, DC	Corey Barnette & Mike Cuthriell	10	1,850	1,500	23%	Producer, Processor
187	Euphoria Wellness	Private	Las Vegas, NV	Joe Lamarca	NA	1,800	NA	NA	Retailer
188	Deep Roots Harvest Medical	Private	Mesquite, NV	Ryan Breeden	NA	1,800	NA	NA	Producer, Processor
189	Silver State Trading	Private	Sparks, NV	John Sutton	NA	1,800	NA	NA	Producer, Processor
190	THRIVE Cannabis Marketplace	Private	Las Vegas, NV	Mitch Britten	NA	1,800	NA	NA	Retailer
191	LV ReLeaf	Private	Las Vegas, NV	Ed Bernstein	NA	1,800	NA	NA	Retailer
192	The Apothecary Shoppe	Private	Las Vegas, NV	Dr. Nick Spirtos	NA	1,800	NA	NA	Retailer
193	Dispensary 33	Private	Chicago, IL	Zachary Zises, Kristie Zises, & Paul Lee	6	1650	NA	NA	Retailer
194	Windy City Cannabis	Private	Chicago, IL	Steve Wiseman	NA	1650	NA	NA	Retailer
195	Greenhouse Group	Private	Chicago, IL	Matt Darin	NA	1650	NA	NA	Retailer
196	Medizin	Private	Las Vegas, NV	Robert Groesbeck & Larry Scheffler	NA	1,500	NA	NA	Retailer
197	Body & Mind (BaM)	Private	Las Vegas, NV	Robert Hasland	NA	1,500	NA	NA	Producer, Processor
198	Green Life Production	Private	Pahrump, NV	Steve Cantwell	22	1,500	NA	NA	Producer, Processor
199	Monkey Grass Farms	Private	Wenatchee, WA	Eric, Katey, & Rachel Cooper	23	1,297	1,147	13%	Producer
200	District Growers	Private	Washington, DC	Corey Barnette	8	875	550	60%	Retailer