Green Thumb to sell adult-use cannabis in Minnesota

Executive Summary

• Green Thumb Industries Inc.'s Rise Dispensaries will commence adult-use cannabis sales at five Minnesota retail locations starting September 17, marking a significant expansion into the recreational market in the state.
• The launch includes a ribbon-cutting ceremony and community engagement initiatives, with profits from the first day of sales donated to local non-profits (Balanced Veterans Network and Metro Meals on Wheels) and the Annunciation Hope & Healing Fund.
• Additional locations in Baxter, St. Paul, and St. Cloud are scheduled to launch adult-use sales in the near future, with St. Cloud expected to begin the week of October 6.

Key Details

• Launch Date: Adult-use sales begin Wednesday, September 17, at 9 a.m.
• Initial Locations (5):
  • Rise Dispensary Brooklyn Park: 8016 Brooklyn Blvd., Brooklyn Park, Minn., 55445
  • Rise Dispensary Eagan: 1340 Town Center Dr., Eagan, Minn., 55123
  • Rise Dispensary Mankato: 201 Sioux Rd., Suite 100, Mankato, Minn., 56001
  • Rise Dispensary New Hope: 7700 N, Suite A, 42nd Ave., New Hope, Minn., 55427
  • Rise Dispensary Willmar: 1413 1st St. S, Willmar, Minn., 56201
• Upcoming Locations:
  • Launching Soon (Dates/Times TBD): Rise Dispensary Baxter (14091 Baxter Dr., Suite 108, Baxter, Minn., 56425) and Rise Dispensary St. Paul (2239 Ford Pkwy, St. Paul, Minn., 55116).
  • Expected Week of Oct. 6: Rise Dispensary St. Cloud (3800 3rd St. N, St. Cloud, Minn., 56303-4031).
• Community Initiatives:
  • First-day profits from each dispensary donated to Balanced Veterans Network and Metro Meals on Wheels.
  • Additional donation to the Annunciation Hope & Healing Fund through the Minneapolis Foundation to support community members affected by recent tragedy.
• Product Portfolio: Customers can access Green Thumb’s branded products including Rythm flower, Beboe gummies, Dogwalkers prerolls, Good Green pre-rolls, and &Shine vapes and gummies.
• Operational Context: Green Thumb operates a state-of-the-art manufacturing facility in Cottage Grove and currently has eight Rise Dispensaries across Minnesota. The company has 20 manufacturing facilities and 108 retail stores across 14 U.S. markets.

Notable Quotes

• "We are excited to celebrate this historic day in Minnesota with the launch of adult-use cannabis sales," said Green Thumb president Anthony Georgiadis. "Our team is looking forward to introducing more Minnesotans to our industry-leading brands, including Rythm, Beboe and Dogwalkers, while continuing to prioritize medical patients with the trusted service they expect from Rise, including exclusive curbside pick-up and priority parking at select locations."
• "Balanced Veterans Network is honoured to join forces with Rise Dispensaries in Minnesota to bring life-changing resources to our veteran community," said Balanced Veterans Network chief of operations C.J. Cowgill. "Together, we're breaking access barriers by offering no-cost medical cannabis referrals and mindful cannabis use education."
• "At Meals on Wheels, we believe no senior should have to choose between paying bills and putting food on the table due to fixed incomes," said Metro Meals on Wheels executive director Patrick Rowan. "As an organization that relies on community donations to ensure we can continue meeting our growing need, we are thrilled to partner with Rise Dispensaries in Minnesota to help support seniors in our community."