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Matthew Rizzo, Managing Director at O’Keefe and head of our Arizona office, was recently quoted in an article published by Crain’s Detroit Business. The article discusses the recent acquisition of Gage Growth Corp., one of Michigan’s biggest marijuana sellers.
Gage is attractive in part because it’s vertically integrated, Rizzo said — meaning it does everything from growing to retail. And Michigan is drawing attention not just because it’s a big market, but also because cannabis prices here haven’t fallen yet like they have in states including California and Colorado that have been “milked pretty hard,” Rizzo said, and have a lot of inventory.