Each year, the Inc. 5000 list (and Inc. 500 list) awards the fastest-growing independent small businesses in the country. We’re excited to announce that Ooze Wholesale has made the list for the second year in a row!
It is our absolute please to announce that we ranked #253 overall out of 5,000 companies. Even more exciting is that we ranked #8 in Michigan and #27 in Consumer Products & Services. Plus, after five years in the business, it’s clear we’re still going strong with a three-year revenue growth of 1,745%.
“We were shocked when we made the list the first time, but to make it twice solidifies that we’re making the right decisions and are on the right track,” said Ooze Wholesale Chief Financial Officer and Co-Founder Vince Ayar. “To rank so highly not only on the overall list, but also in our home state of Michigan and all of Consumer Products & Services is a true testament to our dedicated employees and loyal customers. Get ready to see us on the list again next year.”
That would make it three years in a row—but our passion for helping other small business owners in the cannabis industry leads us to believe it will be many more.
Our ranking this year seems even more impressive considering the fact that the cannabis market itself is one of the fastest growing industries in the country. While recreational legalization has surely worked in the cannabis sector’s favor, it’s also brought a ton of new players to the game. New competition will be one of the biggest hurdles independent smoke shops and wholesalers like us will need to tackle as legalization continues and the stigma against marijuana diminishes. With that will come new, even higher standards—ones we’re excited to surpass!
Encouragingly, this year’s Inc. 5000 list as a whole improved from years prior. The 2020 Inc. 5000 had three-year average growth rate of over 500%. And, with aggregate revenue of $209 billion in 2019, Inc. 5000 companies have accounted for over one million jobs in the last three years.
Ooze Wholesale is proud to be listed among those small businesses who have pushed through adversity this year. We’ll continue to make the best products available to smoke shops and dispensaries around the country, regardless of what 2021 holds.