Shango is officially one of the CBE Top 100 Producers, Processors and Retailers of 2015. This second annual list of the most influential and fastest growing cannabis companies in America is published by cannabisbusinessexecutive.com (CBE), a premier news and information resource for Cannabis Industry owners, partners and leaders.
“We are thrilled to be included in the 2015 CBE Top 100,” said Brandon Rexroad, Shango’s Founder and Executive Vice President of Operations. “This is an important recognition of our hard work and progress over the last year. It’s also a powerful message to the Industry and the investment community that Shango is doing it right and headed in the right direction.”
CBE develops its list using company financial and best practices reports, interviews with company vendors, business partners and industry operators, and other information from various public sources. One of the primary goals of the list is to help private, individual and institutional investors identify credible, reputable, high-performing companies in America’s fastest-growing industry.
In 2015, retail cannabis sales grew to $4.8 billion, a 50% increase over the 2014 total. Retail revenues are now expected to exceed $25 billion by 2020. And the flow of investment capital into the Cannabis Industry increased 33% in 2015 to more than $400 million.
“Being on the list is more than just an honor and a huge opportunity,” Rexroad said. “It challenges us to keep growing and improving, to keep moving onward and upward towards number one.”