ARL Healthcare, a wholly-owned MariMed entity, was granted three provisional adult-use licenses by the Cannabis Control Commission (CCC) for cultivation, production, and a dispensary. The cultivation and production licenses will be utilized at its 70,000 square foot cannabis manufacturing facility in New Bedford, and the dispensary license at its Panacea Wellness in Middleborough.
"These facilities previously received CCC and local authority to operate under the Massachusetts medical cannabis program and now will co-locate under the adult-use program," the team with the company explains. "Since beginning cultivation and production last December the Company has been experiencing rapidly increasing sales growth each month. In their state of the art cultivation facility, the Company is ramping up to harvest and market approximately 1,000 pounds a month of proprietary high grade cannabis flower which are being marketed under its Nature’s Heritage brand. Sales of the Company’s infused products house brands: Betty’s Eddies, Kalm Fusion, and Bourne Baked Goods, are strong as they have consistently been in other states."
"This is an important step towards MariMed expanding its business in the robust Massachusetts’ adult-use market,” said Bob Fireman, CEO of MariMed. “MariMed’s brands and quality products have been well received in this wholesale cannabis market and at our dispensary in Middleborough. We expect even greater sales growth when we receive final adult-use license, particularly when Panacea Wellness can market directly to adults in both the medical and recreational cannabis programs. We appreciate the work of the Cannabis Control Commission and its staff during this challenging time and look forward to working collaboratively with them in completing this process.”
"Following the licenses’ approval, the next step is to schedule post-final inspections for the final licenses. The Company expects the process to be completed and to begin selling cannabis products for adult-use in the coming months," he concludes.
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