Multi-State Marijuana Operator, MariMed, Buys Second Dispensary In Maryland
Multi-state marijuana operator MariMed (CSE:MRMD) (OTCQX:MRMD) completed the acquisition of the operating assets of Our Community Wellness & Compassionate Care Center in Prince George’s County, Maryland on April 5th.
Just before closing, MariMed paid the state’s adult-use conversion fee and subsequently received an adult-use license to sell retail cannabis products from the Maryland Cannabis Administration. The acquired dispensary has been closed since July 1, 2023. The company expects to reopen the dispensary and begin adult-use retail sales by the end of the second quarter, upon regulatory approvals.
Jon Levine, MariMed’s CEO and one of the speakers at the Benzinga Cannabis Capital Conference next week, commented, “We are thrilled to announce the closing of this acquisition. Maryland is a fantastic, high-growth, adult-use market. Maximizing …