Marijuana Business Magazine October 2018

AltMed hopes to expand cultivation, extraction, manufacturing and retail operations beyond Florida and Arizona in the near future. Photos courtesy of AltMed In addition, the company is expanding its footprint in Arizona, where it sells more than half the flower it grows to other dispensaries. AltMed has a 30,000-square-foot indoor cultivation facility in Arizona as well as an extraction and manufac- turing facility and a dispensary. Looking ahead, AltMed plans to expand to 12 more states through licensing agreements with companies that would sell its branded products. The company also has its eyes on Canada and Europe. Nurturing a Quality Crop In Florida and Arizona, AltMed has invested heavily in its indoor culti- vation facilities rather than using a greenhouse, where it’s typically cheaper to grow cannabis. “In Florida, an indoor grow is the most practical because it eliminates mold issues,” said Todd Beckwith, AltMed’s director of marketing. “There are people growing in green- houses, but we think they’re going to have problems.” AltMed also has partnered with Florida-based Plants of Ruskin, which has more than 35 years of experience in providing seedlings to farmers for vegetable and medical production. 98 • Marijuana Business Magazine • October 2018