NORWOOD, Massachusetts, Oct. 5, 2022 – PRESS RELEASE – MariMed Inc., a multi-state cannabis operator, announced the opening of its first dispensary in Maryland. Operated by the company’s wholly-owned subsidiary, Kind Therapeutics USA, the 5,000-square foot, Panacea Wellness-branded dispensary features MariMed’s portfolio of award-winning brands, including Nature’s Heritage craft flower and concentrates, Betty’s Eddies all-natural fruit chews, and Bubby’s Baked soft baked goods. The dispensary is located at 2061 Generals Highway in Annapolis.
A grand opening celebration for medical patients and local officials will be held at the dispensary Oct. 18. The event will kick off at 9:30 a.m. with a ribbon-cutting ceremony featuring remarks from Maryland State Senator Sarah Elfreth (D-Anne Arundel County), Maryland State Senator Brian Feldman (D-Montgomery County), Anne Arundel County Executive Steuart Pittman (D), Annapolis Mayor Gavin Buckley (D), MariMed President Jon Levine, and the company’s Maryland General Manager Jeff Jones.
“We are proud to serve patients in the Annapolis region with our premium product offerings delivered by our highly trained team,” Levine said. “The recent expansion of our state-of-the-art production kitchen in Hagerstown enables us to offer our full portfolio of quality products at a time when the state’s medical cannabis patients are looking for new and innovative offerings. We are particularly optimistic about the future of our business in Maryland as an adult-use referendum is expected to pass in November 2022.”
In addition to Panacea Wellness Annapolis, under state regulations, MariMed can own up to three additional dispensaries in Maryland. MariMed also owns or manages dispensaries in Illinois, Massachusetts, and Delaware, with additional sites under development in Illinois, Massachusetts, and Ohio. The company continues to review accretive acquisitions in other legal cannabis states.
With the opening of the dispensary in Annapolis, MariMed is a fully vertical cannabis operator in Maryland. The company operates a 90,000-square-foot cultivation and production facility in Hagerstown. MariMed’s branded cannabis products are distributed to virtually all the approximately 100 dispensaries in the Maryland medical cannabis program.