The most recent news on MRMD has been a recent acquisition the firm made: the acquisition of New Jersey-based cannabis firm BSC Group, a firm which operates by competitively licensing, consulting and managing operations of cannabis firms across the country.
The result of this move for MRMD has been amazing, and here is why.
New Jersey is currently on the verge of legalizing marijuana – pending discussions on the specific tax rate on the product. As a result, the market remains strong there and is expected to grow once the product is legal. As a result, any party which currently operates in the state is expected to benefit greatly from this.
MRMD, therefore, is bound to benefit from moving this and investors know as much. The move will also see the two firms share their intellectual property and past research so as to ensure they boost their synergies going forward. In the words of Brian Staffa, the CEO of BSC Group:
“This partnership with MariMed represented the right opportunity to solidify our industry presence for the long haul, positioning ourselves as an integral element of an established team with long-term viability.”