Inc. magazine revealed that Arizona cannabis company Giving Tree Dispensary is ranked #4617 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“It is incredibly rewarding to be ranked alongside some of the most recognized and iconic U.S. businesses as a woman-owned cannabis company,” stated Lilach Mazor Power, founder and CEO at Giving Tree Dispensary.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Established in 2013, Giving Tree Dispensary is an Arizona-licensed, vertically integrated cannabis dispensary headquartered in Phoenix. One of the only woman, majority-owned cannabis operations in the state, Giving Tree Dispensary is home to a portfolio of cannabis lifestyle brands including Kindred, Katatonic, Giving Tree, and cannabis for menopause brand Revelry. A dedicated community partner, the company has donated over $100,000 to various charities through its corporate citizenship program.