Body and Mind™
Welcome to Nevada.
Fueled by a booming Las Vegas post-pandemic tourist boom, Nevada could see cannabis sales reach US$900 million by the end of 2021.
Cannabis licenses in Nevada, the Battle Born state, are scarce, but newly introduced cannabis lounges could pave the way for increased retail growth.
Body and Mind has a strong brand presence in Nevada that could benefit.
Arkansas is a limited-license medicinal cannabis state where patients are collectively spending US$600,000 per day. Sophic Capital client Body and Mind has seized upon Arkansas’ growth opportunity with its award-winning dispensary and its cultivation operations. Limited retail competition and upcoming cultivation ramp could create a significant moat, beyond its operations in Nevada, California, and Ohio.
Home of Lebron James, the Rock & Roll and NFL Halls of Fame, and the birthplace of the first man on the moon, Ohio is about to expand beyond its medicinal cannabis industry and go full on recreational. Sophic Capital client Body and Mind has a strong presence in the Buckeye state, a market that could soon rival the cannabis industry in neighboring Michigan. How big could Ohio’s cannabis market become?
The legalization of recreational cannabis in the U.S. is just getting started, with only 16 states approving. Sophic’s newest client is U.S.-based Body and Mind inc, a multi-state cannabis operator with retail, distribution, cultivation and/or processing operations in Nevada, California, Arkansas and Ohio. We interviewed CEO Michael Mills to learn more about the U.S. cannabis industry, and how Body and Mind is positioned to win large market share.