GFive Cultivation Starts Small, Plans Expansion to Serve Las Vegas' Growing Market

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This article originally appeared in the November 2017 print edition of Cannabis Business Times. To subscribe, click here.

About three years ago in New York City, Larry Smith decided to roll the dice on a cultivation company in his hometown of Las Vegas.

At the time, Nevada was kicking off its medical cannabis program. When Smith returned to Las Vegas, he and his childhood friend and business partner Shawn Holman hatched a plan to create a cultivation business that represented both culture and caring.

Smith and Holman’s background and experiences growing up in Las Vegas play a significant role in their approach to the market.

While GFive is in the early stages of cultivation, Smith, the company’s CEO and marketing brains, believes GFive’s growth potential is high now that the state legalized adult-use. The company has planned carefully, and places a strong emphasis on producing high-quality, medicinal-grade cannabis.

GFive is a small start-up with lofty goals—one of which is to produce 250 to 300 pounds’ worth of product per month, according to Smith. GFive is planning to expand its grow space by 30,000 square feet to 40,000 square feet in early 2018 to accommodate recreational demand.

To read the full article in Cannabis Business Times’ November issue, click here.

Top photo by Jacob Kepler

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Source: Cannabis Business Times

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