""Money doesn't get me out of bed in the morning," Spradlin told The Press Democrat. "I like to build culture, to build things, and the money, fortunately, comes as a byproduct of that." And the money is coming. While statewide cannabis sales decreased by over 12% last year and first quarter taxable sales hit a five-year low in 2025, Goldenhour's Weed location is on track to reach $1.5 million in sales this year. That is up from $230,000 in 2023."
"Spradlin first entered the cannabis market in 2009, running the Magnolia Wellness Medical Dispensary in Sacramento. In 2017, he raised $37 million to start up his own cannabis retailer, alongside his uncle. That company, Perfect Union, brought in around $100 million in revenue at its peak, according to Spradlin. Things turned sour as pressure to merge with other companies and cut costs kept him from focusing on developing and growing their individual locations. Eventually, Spradlin says the company was "burning capital" and he stepped down as CEO in 2021 over differences with the company's board."
Goldenhour Collective, a small chain of craft cannabis dispensaries in Northern California, opened a second location in Point Arena under CEO David Spradlin. Spradlin emphasizes building culture over money and reports rapid revenue growth at the Weed location, which is on track for $1.5 million in sales this year, up from $230,000 in 2023. Statewide cannabis sales declined over 12% last year and first-quarter taxable sales hit a five-year low in 2025. Spradlin entered the market in 2009, raised capital to launch Perfect Union, left that company in 2021, and took over the Weed store in April 2024.
Read at The Mercury News
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