Green Thumb Industries

Green Thumb Industries was founded in 2014 by Ben Klover.{{Cite book |last=Ahrens |first=Dan |url=https://www.google.com/books/edition/Investing_in_Cannabis/v2KuEAAAQBAJ?hl=en&gbpv=1&dq=%22Green+Thumb+Industries%22&pg=PA125&printsec=frontcover |title=Investing in Cannabis: The Next Great Investment Opportunity |date=2023-04-04 |publisher=John Wiley & Sons |isbn=978-1-394-17133-0 |language=en}}{{Cite web |last=Clifford |first=Tyler |date=2021-03-10 |title=As Green Thumb opens its first California cannabis store, CEO says, 'This is a long-term game' |url=https://www.cnbc.com/2021/03/10/green-thumb-opens-first-california-weed-store-in-long-term-game-ceo-says.html |access-date=2025-04-08 |website=CNBC |language=en}} The company started with one dispensary in Mundelein, Illinois.{{Cite web |last=Yakowicz |first=Will |title=The Making Of New York’s $150 Million ‘Cannabis Campus’ |url=https://www.forbes.com/sites/willyakowicz/2021/09/26/green-thumb-industries-the-making-of-new-yorks-150-million-cannabis-campus-ben-kovler-interview-gti/ |access-date=2025-04-09 |website=Forbes |language=en |archive-date=2025-03-01 |archive-url=https://web.archive.org/web/20250301142028/https://www.forbes.com/sites/willyakowicz/2021/09/26/green-thumb-industries-the-making-of-new-yorks-150-million-cannabis-campus-ben-kovler-interview-gti/ |url-status=live }} Early investors in Green Thumb include: Leon Cooperman; Emily Paxhia; Ari Levy, of Levy Restaurants; and Peter Kadens, who served as CEO until 2018.

In June 2018, Green Thumb was listed on the Canadian Securities Exchange with the trading symbol GTII. At the time, Green Thumb had 350 employees across seven manufacturing facilities and 50 retail stores in seven states. By the end of the first day, the stock price closed at {{CAD|8.95}}, up 74 cents from opening.{{Cite web |date=2018-07-25 |title=US marijuana companies go public in Canada |url=https://chicago.suntimes.com/2018/7/25/18394574/us-marijuana-companies-go-public-in-canada |access-date=2025-04-09 |website=Chicago Sun-Times |language=en}}{{Cite web |last=Bernard-Kuhn |first=Lisa |date=2018-06-13 |title=Green Thumb Industries makes trading debut in Canada |url=https://mjbizdaily.com/green-thumb-industries-trading-debut-canada/ |access-date=2025-04-09 |website=MJBizDaily |language=en-US |archive-date=2025-04-09 |archive-url=https://web.archive.org/web/20250409100113/https://mjbizdaily.com/green-thumb-industries-trading-debut-canada/ |url-status=live }} The Canadian Securities Exchange had become a natural home for American cannabis industry companies like Greem Thumb due to marijuana's federally illegal status in the United States.{{Cite web |date=2018-07-25 |title=U.S. marijuana companies go public in Canada |url=https://www.pbs.org/newshour/nation/u-s-marijuana-companies-go-public-in-canada |access-date=2025-04-09 |website=PBS News |language=en-us}}

In March 2021, Green Thumb was put under federal investigation for possible "pay-to-play" violations. Green Thumb had hired lobbyists and consultants and donated to pro-cannabis PACs throughout the company's existence.{{Cite web |date=2021-03-29 |title=Chicago-based marijuana giant part of federal pay-to-play investigation |url=https://www.chicagotribune.com/2021/03/29/chicago-based-marijuana-giant-part-of-federal-pay-to-play-investigation/ |access-date=2025-04-09 |website=Chicago Tribune |language=en-US |archive-date=2024-06-06 |archive-url=https://web.archive.org/web/20240606082230/https://www.chicagotribune.com/2021/03/29/chicago-based-marijuana-giant-part-of-federal-pay-to-play-investigation/ |url-status=live }}

In August 2021, Green Thumb bought {{cvt|38|acre}} of land in Warwick, New York, for the construction of a cannabis cultivation and processing plant. The land is on the former site of the Mid-Orange Correctional Facility and now forms a new business park. Fellow cannabis industry companies urbanXtracts, PharmaCann, and Citiva Medical also have a presence nearby.{{Cite web |last=McKenna |first=Chris |title=Marijuana company buys Warwick land to build 450,000-square-foot production plant |url=https://www.recordonline.com/story/news/local/2021/08/13/marijuana-maker-green-thumb-industries-bought-warwick-land-plant/8105463002/ |access-date=2025-04-09 |website=Times Herald-Record |language=en-US |archive-date=2025-04-09 |archive-url=https://web.archive.org/web/20250409100113/https://www.recordonline.com/story/news/local/2021/08/13/marijuana-maker-green-thumb-industries-bought-warwick-land-plant/8105463002/ |url-status=live }}{{Cite web |last=Bellamy |first=Lana |date=Nov 11, 2024 |title=How Warwick turned a shuttered prison into a thriving business park |url=https://www.timesunion.com/hudsonvalley/news/article/closed-prison-development-warwick-business-park-19770965.php |url-status=live |access-date=2025-04-09 |archive-date=2025-04-09 |archive-url=https://web.archive.org/web/20250409100113/https://www.timesunion.com/hudsonvalley/news/article/closed-prison-development-warwick-business-park-19770965.php }} A groundbreaking ceremony was held on September 9th.{{Cite web |last=Gavan |first=Roger |title=Green Thumb Industries breaks ground at former Mid-Orange Correctional Facility |url=https://www.warwickadvertiser.com/news/local-news/green-thumb-industries-breaks-ground-at-former-mid-orange-correctional-facility-DI1785360 |access-date=2025-04-09 |website=www.warwickadvertiser.com |language=en-US |archive-date=2025-04-09 |archive-url=https://web.archive.org/web/20250409100114/https://www.warwickadvertiser.com/news/local-news/green-thumb-industries-breaks-ground-at-former-mid-orange-correctional-facility-DI1785360 |url-status=live }}

In July 2023, Green Thumb was sued by fellow Chicago based cannabis company Cresco Labs for poaching employees. The lawsuit alleged that Matt Ingram, Greem Thumb's senior vice president of operations, had been reaching out to recruit Cresco employees, despite knowledge of their 12-month non-compete clause. Christopher Tonge, former director of technical services at Cresco Labs, had been one of those employees who was recruited by Ingram, allegedly breaking his non-compete contract.{{Cite web |date=2023-07-21 |title=Chicago weed giant Cresco Labs claims in suit that competitor GTI poached a top-level employee |url=https://chicago.suntimes.com/business/2023/7/20/23802564/chicago-weed-giants-locked-in-legal-fight-with-cresco-labs-claiming-gti-poached-a-valued-worker |access-date=2025-04-09 |website=Chicago Sun-Times |language=en |archive-date=2025-04-09 |archive-url=https://web.archive.org/web/20250409100113/https://chicago.suntimes.com/business/2023/7/20/23802564/chicago-weed-giants-locked-in-legal-fight-with-cresco-labs-claiming-gti-poached-a-valued-worker |url-status=live }}{{Cite web |date=2023-07-24 |title=Cannabis Conflict in Chicago: Cresco Labs Sues Green Thumb |url=https://www.cannabisbusinesstimes.com/us-states/illinois/news/15687526/cannabis-conflict-in-chicago-cresco-labs-sues-green-thumb |access-date=2025-04-09 |website=Cannabis Business Times |language=en-us |archive-date=2025-04-09 |archive-url=https://web.archive.org/web/20250409100115/https://www.cannabisbusinesstimes.com/us-states/illinois/news/15687526/cannabis-conflict-in-chicago-cresco-labs-sues-green-thumb |url-status=live }}

In November 2023, Green Thumb's incredibles brand partnered with Magnolia Bakery to produce a new limited range of cannabis edibles.{{Cite web |last=Valinsky |first=Jordan |date=2023-11-01 |title=Magnolia Bakery is turning its most iconic desserts into cannabis edibles {{!}} CNN Business |url=https://edition.cnn.com/2023/11/01/business/magnolia-bakery-edibles/index.html#:~:text=The%20limited-edition%20bars,%20which,that%20produces%20a%20%E2%80%9Chigh.%E2%80%9D |access-date=2025-04-09 |website=CNN |language=en |archive-date=2023-11-29 |archive-url=https://web.archive.org/web/20231129133523/https://edition.cnn.com/2023/11/01/business/magnolia-bakery-edibles/index.html#:~:text=The%20limited-edition%20bars,%20which,that%20produces%20a%20%E2%80%9Chigh.%E2%80%9D |url-status=live }} In January 2025, Green Thumb Industries and Chicago music venue The Salt Shed announced a two-year partnership to sell THC products on-site, including RYTHM branded marijuana, incredibles branded gummies and chocolates, Beboe branded gummies, and Señorita branded THC Margaritas.{{Cite web |date=2025-01-24 |title=Green Thumb Industries brings cannabis to the Salt Shed with on-site retail shop |url=https://chicago.suntimes.com/music/2025/01/24/green-thumb-industries-rise-cannabis-to-the-salt-shed-with-onsite-retail-shop |access-date=2025-04-08 |website=Chicago Sun-Times |language=en |archive-date=2025-02-10 |archive-url=https://web.archive.org/web/20250210014700/https://chicago.suntimes.com/music/2025/01/24/green-thumb-industries-rise-cannabis-to-the-salt-shed-with-onsite-retail-shop |url-status=live }}{{Cite web |date=2025-01-10 |title=Green Thumb Industries Partners With Chicago Music Venue to Bring THC Products to Concerts |url=https://www.cannabisbusinesstimes.com/dispensary/news/15711785/green-thumb-industries-partners-with-chicago-music-venue-to-bring-thc-products-to-concerts |access-date=2025-04-08 |website=Cannabis Business Times |language=en-us |archive-date=2025-01-19 |archive-url=https://web.archive.org/web/20250119032449/https://www.cannabisbusinesstimes.com/dispensary/news/15711785/green-thumb-industries-partners-with-chicago-music-venue-to-bring-thc-products-to-concerts |url-status=live }}

File:RISE dispensary in Maryland.jpg, Maryland]]

Green Thumb Industries has a number of different brands under which is produces and distributes cannabis products, including: RYTHM, Dogwalkers, incredibles, Beboe, Good Green, Doctor Solomon’s, and Shine.{{Cite web |title=Overview |url=https://www.gtigrows.com/brands/overview/ |access-date=2025-04-08 |website=Green Thumb Industries |language=en-US |archive-date=2025-01-18 |archive-url=https://web.archive.org/web/20250118024042/https://www.gtigrows.com/brands/overview/ |url-status=live }} Doctor Solomon’s topped a 2023 Chicago Reader poll for best topical cannabinoid.{{Cite web |last=Reader |first=Chicago |date=2024-02-21 |title=Best of Chicago 2023: Cannabis poll winners |url=https://chicagoreader.com/best-of-chicago/cannabis-poll-winners-2023/ |access-date=2025-04-08 |website=Chicago Reader |language=en-US |archive-date=2024-09-12 |archive-url=https://web.archive.org/web/20240912152455/https://chicagoreader.com/best-of-chicago/cannabis-poll-winners-2023/ |url-status=live }} RISE is GTI's brand of dispensaries which has locations across 14 states.{{Cite web |title=RISE |url=https://www.gtigrows.com/retail/rise/ |access-date=2025-04-08 |website=Green Thumb Industries |language=en-US |archive-date=2024-11-29 |archive-url=https://web.archive.org/web/20241129050922/https://www.gtigrows.com/retail/rise/ |url-status=live }}{{Cite news |title=About RISE Dispensary {{!}} RISE Cannabis |url=https://risecannabis.com/about-us/ |archive-url=https://web.archive.org/web/20250121225554/https://risecannabis.com/about-us/ |archive-date=2025-01-21 |access-date=2025-04-08 |work=RISE Dispensaries |language=en-US |url-status=live }}{{better source needed|date=April 2025}}

• List of largest cannabis companies by revenue

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Category:2014 establishments in Illinois

Category:Cannabis companies of the United States

Category:Companies based in Chicago

Category:Companies established in 2014