Ramsey Hamide
Main Street Marijuana co-owner Ramsey Hamide created a retail juggernaut. Since opening in July 2014, the Vancouver, Washington store has maintained the No. 1 sales position in the state, racking up total sales of almost $40 million.
With two more stores now open, the retail chain is seeing gross receipts each month of about $2.5 million in marijuana sales and anticipated revenues of $30-$40 million for the 2017 fiscal year.
As of March, Main Street’s flagship location had generated over $5 million more than any other state-licensed cannabis company in Washington since the state launched its rec program, including all retailers, producers and processors.
Hamide studied business at the University of Washington and worked in the ticket brokerage business before getting into marijuana retail sales. He believes customer service has been one of the biggest reasons for the company’s success.
“We love our customers and based our whole business concept on the Costco model, which is centered on the idea that great products, smart employees and aggressive pricing will create customer loyalty,” Hamide says.
As the Main Street Marijuana empire has expanded, Hamide has learned a lot and continuously strives to make the stores a better and more efficient retail experience. One of the things he’s most proud of is Main Street’s tax contribution. With more than $14 million already sent to the capital — and monthly excise tax payments nearing $1 million for the three retail outlets — Hamide’s retail operation is a significant contributor to all residents of Washington state.