Inside The Fast-Growing Traverse City Cannabis Company That Doesn’t Grow, Sell, Or Market Weed
April 4, 2023
Traverse City’s Cambium Analytica is one of the leading cannabis and hemp testing companies in Michigan -- and perhaps the United States. The company's ambitious growth plan encompasses testing services for the food industry, the world of natural pharmaceuticals and more.
The company got to that point quickly: After starting up in 2019, Cambium hit a 300% growth rate between its first and second years, and saw another 30% growth spurt between 2021 and 2022. That quick maturation has occurred due in part to the massive amount of investment dollars that have flooded Michigan’s post-legalization marijuana market.
Cambium is a fascinating growth story, and one that bodes well for Traverse City, with more high-paying, professional jobs ahead. Read the entire inside look in this month's Traverse City Business News here.
To read more of the April TCBN, including what's in the 2023 pipeline for the local commercial construction industry, how local CPAs are surviving tax season, and much more, click here to subscribe.
Comment
The Uphill Battle Of Building A Wellness Hub In Traverse City
Read More >>Major Downtown Properties Available, If The Price Is Right
Read More >>Inaugural Great Lakes Child Safety Conference To Be Held Next Week
Read More >>It's Time For The 20th Annual 40Under40
Read More >>
TCBN: Cool Properties, Cool Realtors, Top Sellers
Read More >>Sara Hardy Downtown Farmers Market Back This Weekend
Read More >>After Opt-Outs From Grand Traverse County, BATA, And NMC, Is East Bay’s TIF Plan Still Alive?
Read More >>Tom’s Plans Ambitious “Market Village” Expansion of Fourteenth Street Site; More Retail, Restaurant News
Read More >>Peninsula Township Non-Motorized Public Input Session Tonight, Survey Live Online
Read More >>Farm Tourism Boom Fuels Traverse City Agritourism Summit
Read More >>