GrowGeneration Corp., the largest specialty retail hydroponic and organic gardening chain of stores, selling to both the commercial and home cannabis markets, with currently 22 locations, today announced it has acquired the assets of Reno Hydroponics. As an established leader in their market, Reno Hydroponics has been operating for over 10 years. The Reno store will be GrowGeneration’s 23rd location and its 2nd in Nevada.
Darren Lampert, Co-Founder and CEO, said, “Reno becomes GrowGen’s 2nd location in Nevada and the company’s 23rd store. As a recreational legal market, Reno is a prime area for GrowGen, with an increasing number of dispensaries and cultivators. We continue to enter markets, where the cultivation laws are conducive to growing, and where GrowGen can strategically locate its operations, in areas where there are a high concentration of growers. Our growth plan is working”
Reno Market Overview:
- There are roughly 50 Legal Cannabis Establishments within 100 square miles of Reno. They include dispensaries, cultivation facilities, and product testing labs
- Cannabis sales in Nevada totaled around $500M+ over the past year and the state has collected more than $70M in tax revenue
Date: February 18, 2019
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
Source: Cision