MariMed Inc (MRMD)

[Giovanni]

Impossible to make money with schwag weed like MRMD sells:



Multi-state marijuana company announces plans to close Massachusetts dispensaries

WCVB : 8:26 AM EDT Jun 2, 2023


FRAMINGHAM, Mass. —
Trulieve Cannabis Corp., a marijuana business operating in 11 states, on Thursday announced plans to exit the Massachusetts industry.

Dispensaries in Framingham, Northampton, and Worcester are set to close their doors on June 30, with Trulieve expecting to completely cease operations in Massachusetts by the end of this year, the company announced.



Cannabis Control Commission records show the business' fourth Massachusetts outpost is a cultivation and product manufacturing site in Holyoke.

“These difficult but necessary measures are part of ongoing efforts to bolster business resilience and our commitment to cash preservation as we continue to focus on our business strategy of going deep in our core markets and jettisoning non-contributive assets," Trulieve CEO Kim Rivers said in a statement provided by the company.

The measures were more immediate in California, where the company decided to close its retail location in Grover Beach and where the company previously closed dispensaries in Palm Springs and Venice.