10:43 AM EDT, 07/02/2024 (MT Newswires) -- MariMed ( MRMD ) , a leading multi-state cannabis operator, announced Tuesday that it closed its acquisition of the operating assets of Our Community Wellness & Compassionate Care Center in Prince George's County, Maryland on April 5th. The company has also received an adult-use license to sell retail cannabis products from the Maryland Cannabis Administration (MCA). The acquired dispensary has been closed since July 1st, 2023. MariMed ( MRMD ) expects to reopen the dispensary and begin adult-use retail sales by the end of the second quarter, upon regulatory approvals.

This is MariMed's ( MRMD ) second adult-use Thrive Wellness dispensary in Maryland that the company owns. It also owns and operates a Thrive Wellness dispensary in Annapolis and a cultivation and processing facility in Hagerstown. The company plans to own four cannabis dispensaries in the state, the maximum allowed.