Marijuana suppliers, including KushCo Holdings, have seen their sales significantly increase now that three more U.S. states legalized marijuana in some form in November, and Canada`s recreational cannabis market opened nationwide in October.
Founded in 2010, KushCo has sold more than 1 billion units and regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe reports New Cannabis Ventures.
KushCo is just one of a diverse group of businesses under the umbrella of its parent company, KushCo Holdings, Inc. Other businesses include Kush Supply Co., a dynamic sales platform that is the nations largest and most respected distributor of packaging, supplies, and accessories.
Also included is Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector, Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures, and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions.
KushCo sees rapid sales acceleration
On January 8, 2019, KushCo Holdings updated its investors on its progress, reporting that sales had accelerated rapidly during the last quarter, showing a 186 percent increase in year-over-year revenues to $25.3 million, setting a new record for the companys operational history.
KushCo`s significant sales growth last quarter is directly attributed to marijuana legalization efforts, as well as the company`s strategy that allowed it to enter new markets, including chemical solvents for extracting marijuana`s chemical cannabinoids, and marijuana marketing, says the Motley Fool.
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