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MariMed Inc. (OTCMKTS:MRMD) Plans To Expand Its Cannabis Business

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MeriMed Inc. (OTCMKTS:MRMD) announced its grand plans to expand business into the emerging cannabis industry. Furthermore, the company intends to establish its brand name as the market leader in the development and management of the advanced and compliant cannabis facilities, products, and licensed brands and services, for continued growth of revenue.

Robert Fireman, CEO at MariMed explained that the legal cannabis industry across the US is growing fast than expected with many people projecting the growth of the industry to be at $50 billion by 2026. The ‘Revolutionary Transformation’ is being realized due to the increasing number of states legalizing cannabis for both medical and recreational purposes.

MariMed has expanded its cannabis businesses with facilities spread across several regions including the Delaware, Maryland, and Massachusetts. Also, the company has a span of distribution network for its branded products through a strategic upward network of manufacturers across the globe.

Fireman further stated that cannabis is the most vital medicinal plant that can be used to transform human health and wellness. Therefore, the ongoing medical research and clinical data that validates the medicinal value found in the cannabis, together with increasing cases of patients seeking safe alternative medications for highly addictive and harmful prescription opioids should make MariMed business model look extremely bright in the near future.

Cannabis industry is growing faster and attracting more capital and investors. Hence, MariMed stands out as such firm that has proven, time-tested best practices operating in one of the highly regulated legal states. Although the cannabis sector faces a lot of challenges including the financing acquisitions, operations and product innovations in various regions, MariMed has successfully secured various sources of financing to preserve shareholder equity and value.

MariMed plans to expand its core business products and services. Innovation will be its focus especially this year as the company strives to develop and verify the incoming technologies, formulations, and manufacturing techniques in order to be at the forefront of the dynamic industry. The company is also considering the acquisition of additional facilities to further continue the growth of its revenue to strengthen its financial position.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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