Standard Wellness: 10 Key Things You Must Know

Overview

Standard Wellness, established in 2017, is a noteworthy name in the medical cannabis industry in the United States. As a vertically integrated medical cannabis company, it has carved a niche for itself by focusing on the cultivation, processing, and dispensing of medical cannabis products. With headquarters in Gibsonburg, Ohio, and expansions into states like Utah, Missouri, and Maryland, the company is committed to enhancing the quality of life for its patients through the provision of high-quality, consistent cannabis products. Readers will discover intriguing details about the company's operations, products, and future prospects in this comprehensive overview.

1. Founding and Growth

Standard Wellness was founded in 2017, marking its entry into Ohio as one of the premier medical marijuana brands. The company quickly gained recognition as the first vertically integrated medical marijuana company in the state, meaning it manages cultivation, processing, and retail under one umbrella. This integration allows for rigorous quality control across all stages of production, ensuring top-notch medicinal cannabis products.

2. Product Range

The company prides itself on a wide array of products designed to cater to diverse patient needs. Its offerings include cannabis flowers, vaporizer cartridges, concentrates, edibles, and topicals. By addressing both novice and experienced cannabis users, Standard Wellness aims to empower patients with quality products that aid in alternative medicine use, thereby enhancing their quality of life.

3. Expansion into Other States

Standard Wellness is not confined to Ohio. It has expanded its operations to Utah and Missouri, with licenses for cultivation and manufacturing. This expansion underscores the company's strategic vision to serve a growing market of medical cannabis users across multiple states. Such growth is pivotal for maintaining its competitive edge and reaching a larger patient base.

4. The Forest: Retail Brand

Through its sister company, The Forest Sandusky, LLC, Standard Wellness operates multiple dispensaries in Ohio. These retail outlets are integral to its mission of providing easy access to high-quality medical cannabis. The Forest acts as more than a dispensary; it is a part of the community and contributes to destigmatizing cannabis use through patient education and engagement.

5. Commitment to Quality

Standard Wellness places significant emphasis on quality assurance. The company ensures that its cultivation and processing practices adhere to high standards. This commitment to quality is not only about meeting industry regulations but also about delivering consistent and effective medical solutions to its patients.

6. Recent Developments

Standard Wellness continues to innovate and expand. Recently, it acquired the Cannabist pharmacy in Utah, strengthening its footprint in that state. The acquisition allows the company to operate fully integrated operations in Utah, which includes cultivation, processing, and dispensing. This move represents a strategic strengthening of its business model while enhancing service delivery to its customers.

7. Strategic Partnerships

Partnerships are crucial to Standard Wellness’s success. An example is its collaboration with Grön, a leading producer of cannabis-infused edibles. By distributing Grön’s products in Ohio, Standard Wellness is diversifying its product offerings and providing more options to its consumers, which is aligned with its mission of improving patient lives.

8. Leadership and Vision

Under the leadership of CEO Jared Maloof, Standard Wellness has sustained growth by adopting a patient-centric approach to cannabis. The leadership team’s vision for the company is to broaden its impact by expanding into new markets and continuously innovating its product line. This strategic foresight has positioned Standard Wellness as a leading player in the medical cannabis sector.

9. Challenges and Regulations

Operating in the cannabis industry presents unique challenges, particularly due to the regulatory landscape. Standard Wellness navigates complex state regulations that vary significantly by location. The company is proactive in compliance, ensuring that all its operations meet legal requirements, which is crucial for its sustainability and growth.

10. Future Prospects

Looking ahead, Standard Wellness aims to expand its retail footprint across more states. There are plans to open additional dispensaries to meet the growing demand for medical cannabis. Furthermore, the potential federal legalization of cannabis could unlock new opportunities, reduce costs, and streamline operations, enhancing the company’s strategic growth initiatives.

Conclusion

Standard Wellness exemplifies the dynamic evolution of the cannabis industry with its comprehensive approach to cultivation, processing, and retailing. By focusing on quality and patient care, it sets a standard for medical cannabis companies. The future looks promising as it continues to expand its reach and influence in more states, fulfilling its mission of improving quality of life through safe and easy access to cannabis.