Medical Marijuana, Inc. owns 100% of Wellness Managed Services™.
Launched in 2012, Wellness Managed Services™ is a wholly owned subsidiary of Medical Marijuana, Inc. created to provide comprehensive business services to cooperatives, collectives, dispensaries, and related health and wellness facilities in the cannabis industry.
Wellness Managed Services™ aims to provide an all-in-one, turnkey solution for these companies, allowing proprietors to focus on running their businesses the way they would in any established industry, including standardized management practices, inventory control, and POS systems.
With the support of Medical Marijuana, Inc., Wellness Managed Services™ engages in management, capitalization, and development of businesses in a seed to sale distribution model. Through this design, Wellness Managed Services™ was the first company to offer a real-estate style investment model to the cannabis industry, providing cannabis businesses available locations when other landlords might not.
Wellness Managed Services™ aims to provide an all-in-one, turnkey solution for cannabis companies, allowing proprietors to focus on providing quality service.
Additionally, as a result of the combination and standardization of its services, Wellness Managed Services™ was the first to offer a franchise-like opportunity to proprietors in the dispensary or collective industry in medical marijuana states. Since its start in 2012, Wellness Managed Services™ has provided services to 150 dispensaries across the southwest United States in states like Colorado, Arizona, Nevada, and California.
Wellness Managed Services also launched Managed Protective Services International, or MPSI, the first security services firm in the cannabis industry. The firm provides retail store security, grow operations security, surveillance services, and asset transport services. MPSI and Wellness Managed Services™ garnered high profile media attention from Bloomberg, Time.com, Fortune, and Yahoo after MPSI secured security contracts for the Seattle Hempfest and “420 Weekend” events at the Denver Mart.
Although cannabis markets are growing and becoming more standardized, the emerging medical cannabis and recreational marijuana industries still face complex regulatory guidelines, as well as lack of access to basic business services, making it difficult for some entrepreneurs to enter the industry. Wellness Managed Services™ works closely with new and established companies to optimize their potential for growth in the cannabis space.