NORWOOD, Mass. — After a strategic review of its Missouri business operations, multistate operator MariMed Inc. has decided to exit the market, effectively immediately.
Since 2024, the company has managed the Missouri operations of another licensed cannabis operator and distributed certain of its brands in the state under a Managed Services and Licensing Agreement while awaiting license transfer approval from the state. The company will no longer manage the facility and will no longer seek the license transfer.
MariMed continues to own or manage 13 dispensaries and six cultivation and processing facilities in Delaware, Illinois, Maryland, Massachusetts, Ohio, and Pennsylvania. Management expects exiting Missouri will improve the company’s overall financial performance and allow management to focus resources on higher-return opportunities.
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