Remedy (medical dispensary) in Maryland with has two locations – Baltimore and flagship store in Columbia. The Columbia location is moving to a bigger footprint (10,000 sq feet) and opens to the public December 1.
They have begun partnerships with large name-brand cannabis companies, such as: Cookies, GTI, SunMed, Trulieve, Curio Wellness, and Holistic Industries to create “stores within a store” much like branded beauty counters in traditional department stores.
“In 2022, retail is all about experience. We have a unique market in Maryland with only approximately 17 cultivators/growers. The retail outlets are selling a lot of the same products. This leads to price compression happening more quickly than non-limited license markets. We see our ‘Nordstroms’—’store-within-a-store’ model as a way to counteract this phenomenon,” said Remedy Co-Founder, Mitch Trellis.
“By creating a place where brands can meet patients where they are. Patients get a chance to experience the brand. Both parties benefit and form meaningful connections. Patients can understand the value proposition (equation) certain products offer, and producers get a chance to educate on key differentiators and connect with the patients.”
Mitch Trellis, co-founder, co-CEO, and medical cannabis patient, is an entrepreneur with varied experience in commodities trading, hedge fund analyst, business consulting, retail and restaurants and hedge funds. His passion for the medicinal benefits of cannabis paired with his business acumen and aversion to risk, played a large role in applying for one of the very first cannabis licenses awarded in the state of Maryland. Teaming up with his lifelong friend and healthcare wellness executive, co- founder Blaize Connelly-Duggan balanced.
Brandon Barksdale, co-CEO, has been in the cannabis industry for nearly a decade. Working in the advisory and consulting capacity, he was most recently Director of CohnReznick’s Commercial Advisory Practice, a national professional consultancy in advisory, assurance, and tax services for growth focused business. While there he provided strategic direction to leading cannabis organizations through the complexities of operational, technical, and financial regulations, implementation and growth. His guidance throughout the business lifecycle, from start-up to scaling to maturity and expansion, aided companies from single state cannabis operators to the large public MSOs. He served as CEO of Dalwhinnie family of companies in 2021.
Guests:
Mitch Trellis, Co-founder/ CEO at REMEDY
https://www.linkedin.com/in/mitchelltrellis/
Brandon Barksdale, Co-Chief Executive Officer, REMEDY
https://www.linkedin.com/in/bbarksdale
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 1074 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
&
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
source
