Marimed opens bigger Thrive Dispensary in Casey, Illinois

MariMed announced the opening of its permanent and much “bigger” Thrive dispensary in Casey, Illinois. The adult-use dispensary had operated from a temporary location since opening last October. Thrive Casey, the Company’s fifth operational dispensary in Illinois, will continue to be managed by MariMed under a Managed Servies Agreement until a license transfer is approved by the Illinois Department of Financial & Professional Regulation. The Company continues to look for additional retail locations in the high-growth state, where adult-use cannabis sales exceeded $1.6 billion last year. Current Illinois cannabis regulations allow a license holder to operate up to 10 dispensaries. MariMed also recently became vertical in Illinois, opening a craft grow and processing facility in Mt. Vernon in December. The Company now distributes most of its products at Thrive dispensaries and through the wholesale channel all over the state.