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standardwellness.com

Founded Year

2017

Stage

Debt - III | Alive

Total Raised

$8.58M

Last Raised

$180K | 7 mos ago

About Standard Wellness Company

Standard Wellness Company is an Ohio-based medical marijuana dispensary.

Standard Wellness Company Headquarter Location

105 Commerce Drive

Gibsonburg, Ohio, 43431,

United States

216-262-4445

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Expert Collections containing Standard Wellness Company

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Standard Wellness Company is included in 1 Expert Collection, including Cannabis.

C

Cannabis

3,834 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.

Latest Standard Wellness Company News

SLANG Worldwide Brings Portfolio of Cannabis Products to Ohio

Jan 7, 2020

SLANG Worldwide Brings Portfolio of Cannabis Products to Ohio The company has entered a licensing agreement with Standard Wellness Company, LLC. TORONTO, Jan. 6, 2020 /CNW/ - PRESS RELEASE - SLANG Worldwide Inc. , a cannabis consumer packaged goods company with a portfolio of brands distributed in over 2,600 stores across the United States, has announced that it is expanding into the Ohio medical cannabis market by the entering into of a licensing agreement with Standard Wellness Company, LLC. Pursuant to the licensing agreement, Standard Wellness has been granted an exclusive license to produce and distribute the SLANG product suite in Ohio, beginning with its O.penVAPE, Pressies, Bakked and District Edibles brands. SLANG will derive revenue for each branded product sold in the state, with sales expected to commence in 2020. "We strive to create brand awareness early and establish relationships with consumers in attractive, new cannabis markets," said SLANG CEO Peter Miller. "Our discipline around capital efficiency makes partnerships like this very strategic in achieving our near and long-term goals for brand awareness, while giving our partners a competitive advantage and a running start in their markets." Standard Wellness was Ohio's first vertically integrated licensed cannabis producer. Its cultivation and processing facility is located in Gibsonburg, Ohio, and it currently distributes products to every medical cannabis dispensary in the state. "Our strategy is to partner with leading brands to bring the finest quality cannabis products to patients in Ohio and empower them to lead healthy and rewarding lives," said Standard Wellness CEO Jared Maloof. "Our agreement with SLANG will enable us to diversify our product portfolio with recognized brands and help fuel our continued growth." Licensed medical cannabis sales commenced in Ohio in January 2019. By the end of November, nearly 75,000 patients had registered with the State Board of Pharmacy and total cumulative product sales had reached US$49 million, according to the Ohio Medical Control Program. The total market for medical cannabis sales in Ohio is expected to exceed US$500 million by 2022, according to estimates published by Cormark Securities in January 2019. Ohio is the seventh largest state in the U.S. with a population of 11.7 million. FSD Pharma to Begin Trading on the NASDAQ Capital Market Under Symbol ‘HUGE’ on Jan. 9, 2020 The company’s shares will continue to be listed on the Canadian Securities Exchange under the symbol ‘HUGE.’ TORONTO--(BUSINESS WIRE)--PRESS RELEASE-- FSD Pharma Inc. has announced that its Class B Subordinate Voting Shares have been approved for listing on the NASDAQ Capital Market under the symbol ‘HUGE.’ Trading on the NASDAQ is expected to commence at market open on Thursday, Jan. 9, 2020. The company’s shares will continue to be listed on the Canadian Securities Exchange under the symbol ‘HUGE.’ “As we announce this much anticipated and coveted milestone, I want to congratulate the FSD Pharma team, our stakeholders and, most importantly, our shareholders. I also want to extend my gratitude to the members of the Board of Directors of FSD Pharma, and especially to the founders of the company, for their vision and for giving me an opportunity to lead the FSD Pharma team to achieve this strategic advantage. It is exciting to realize that once we begin trading on NASDAQ, we will be included in a select group of 12 Canadian-domiciled cannabis companies trading on either the NYSE or NASDAQ, and the first company in the history of the Canadian Securities Exchange (CSE) to be dual-listed on a major U.S. exchange," stated Raza Bokhari, MD, Executive Co-Chairman and CEO. The office of Agriculture Commissioner Nikki Fried is overseeing CBD products in the state. CBD products have largely been sold without governmental oversight in Florida, but this changed Jan. 1, when the office of Agriculture Commissioner Nikki Fried implemented new rules to regulate the industry. The new rules address pesticide use, product labeling and the inspection of products produced or sold in the state, according to a South Florida Sun-Sentinel report . Retailers must pay a $650 fee to sell CBD products, and will be inspected to ensure compliance. “[Inspectors] are going out, looking at what’s on the shelf and if you are not compliant with those labeling laws, you will be given a certain amount of time to become compliant,” Holly Bell, Fried’s cannabis director, told The News Service of Florida. The Florida Legislature approved legislation paving the way for a regulated hemp industry in the state last year, and lawmakers charged Fried’s office with establishing a regulatory framework for hemp and CBD products, the South Florida Sun-Sentinel reported. Adult-Use Marijuana Legalization Initiative Qualifies for the 2020 Ballot in South Dakota South Dakota will be the first state to vote on medical marijuana and adult-use legalization initiatives on the same ballot. PIERRE, S.D. — PRESS RELEASE — On Jan. 6, South Dakota’s Secretary of State officially certified an adult-use legalization initiative for the 2020 ballot. Last month, a separate medical marijuana ballot initiative was also certified. South Dakota will now be the first state in American history to vote on medical marijuana and adult-use legalization initiatives on the same ballot. The adult-use legalization initiative would legalize marijuana for adults aged 21 and over, establish a system for regulated sales of marijuana, and require the state legislature to enact a hemp cultivation law. South Dakotans for Better Marijuana Laws, the campaign leading the constitutional adult-use legalization campaign, submitted over 50,000 signatures for its initiative in November. New Approach South Dakota, the campaign backing the medical marijuana effort, submitted over 30,000 signatures for its statutory initiative to enact a medical marijuana law for patients with debilitating medical conditions. The minimum number of signatures required for a constitutional initiative is 33,921. For a statutory initiative, 16,961 signatures are required. Despite significant support among a majority of voters, politicians in South Dakota have failed to reform the state’s broken marijuana laws. South Dakota’s current laws are some of the harshest in the country. Industrial hemp and all forms of CBD oil are illegal with the exception of the FDA-approved medication Epidiolex. Gov. Noem previously vetoed a bill to legalize the cultivation of hemp. This past September, she reiterated her opposition by pledging to veto the issue again in 2020. Two of the leading national marijuana policy reform organizations, the Marijuana Policy Project and New Approach PAC, are supporting the South Dakota campaigns. Eleven states have legalized marijuana for adults, and another 22 states have enacted medical marijuana laws. Matthew Schweich, deputy director at the Marijuana Policy Project, said, “South Dakota will become the first state in American history to vote on medical marijuana and adult-use legalization initiatives on the same ballot. The adult-use legalization initiative will greatly benefit the people of South Dakota by ending the injustice of arresting otherwise law-abiding adults for marijuana offenses. It will focus law enforcement resources on fighting serious crime, generate new tax revenue for the state, and create jobs. At this point, it appears increasingly unlikely that Congress will pass legislation this year to fix our nation's broken federal marijuana laws. Therefore, it is crucial that our movement win as many ballot initiative campaigns as possible this November and increase the pressure on Congress to take action. That is how we will ensure success at the federal level in 2021.” PRESS RELEASE - Washington, DC: As first reported by Politico, the House Small Business Committee is waiving jurisdiction over the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act ( H.R. 3884 ), making it the second House committee in the 116th Congress to advance legislation to end federal marijuana prohibition. “With this action, the MORE Act is one step closer to becoming the first bill to end cannabis prohibition to pass the House of Representatives,” said NORML Political Director Justin Strekal. “Never have we been closer to ending federal marijuana criminalization. Thanks to the work of the Small Business Committee and Chairwoman Velazquez, the emerging legal cannabis industry will ultimately become more inclusive to small businesses and entrepreneurs.” The MORE Act would remove marijuana from the Controlled Substances Act and incentivize states to facilitate the expungement of criminal records related to low-level marijuana offenses, among other changes. The bill passed in the Judiciary Committee on Nov. 20 with a bipartisan vote of 24 to 10.

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  • When was Standard Wellness Company founded?

    Standard Wellness Company was founded in 2017.

  • Where is Standard Wellness Company's headquarters?

    Standard Wellness Company's headquarters is located at 105 Commerce Drive, Gibsonburg.

  • What is Standard Wellness Company's latest funding round?

    Standard Wellness Company's latest funding round is Debt - III.

  • How much did Standard Wellness Company raise?

    Standard Wellness Company raised a total of $8.58M.

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