MariMed
MariMed Inc. is a publicly-traded multi-state cannabis operator running vertically integrated cultivation, processing, and retail across six U.S. states via 13 Thrive Dispensaries and a portfolio of five proprietary branded product lines sold to medical patients, adult-use consumers, and wholesale dispensaries.
- Company typePublic
- Founded2018
- HeadquartersNorwood, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingHardware or Manufacturing
What MariMed does
MariMed Inc. is a multi-state cannabis operator (MSO) that runs a vertically integrated seed-to-sale business spanning cultivation, processing, branded product manufacturing, and retail. As of December 31, 2025, the company held 33 cannabis licenses across six states — Massachusetts, Delaware, Illinois, Maryland, Ohio, and Pennsylvania — with full vertical integration in Illinois, Maryland, Massachusetts, and Delaware. It operates 13 Thrive Dispensary retail locations across five states and distributes a portfolio of five proprietary consumer brands (Nature's Heritage, Betty's Eddies, Bubby's Baked, Vibations, and InHouse) wholesale to hundreds of third-party dispensaries via dedicated sales teams. Core technology consists of proprietary cannabis strains and formulations developed in-house, supported by registered trademarks across the brand portfolio and DEA registration applications submitted in June 2026 to access federal safe harbor under the December 2025 Schedule III rescheduling.
MariMed firmographics
Firmographics- Name
- MariMed
- Legal name
- MariMed Inc.
- Website
- https://marimedinc.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- MariMed Inc. is a publicly-traded multi-state cannabis operator running vertically integrated cultivation, processing, and retail across six U.S. states via 13 Thrive Dispensaries and a portfolio of five proprietary branded product lines sold to medical patients, adult-use consumers, and wholesale dispensaries.
- Ownership category
- akta.pro rank
MariMed industry classification
Industry- Product category
- Cannabis Products and Retail
- NAICS
- Medicinal and Botanical Manufacturing (325411), Beverage Manufacturing (3121)
- SIC
- Medicinal Chemicals & Botanical Products (2833), Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)
- akta.pro primary industry
- Cannabis Dispensary + Delivery/Online Pickup (Omnichannel Retail) (CRANAFAG)
- akta.pro secondary industries
- Adult-Use (Recreational) Cannabis Dispensaries (CRANAFAA), Medical Cannabis Dispensaries (CRANAFAB)
Keywords
Where MariMed is headquartered
LocationHeadquarters
- HQ city
- Norwood
- HQ country
- United States
- HQ region
- North America
Offices18 records
Markets served
MariMed business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Product Sales - Retail: Direct sales of cannabis products through company's own Thrive Dispensary retail locations. Revenue generated from sales of proprietary products and those marketed by other cannabis license holders. Q4 2025 retail revenue was $21.5M.
- Product Sales - Wholesale: Wholesale distribution of proprietary branded cannabis products to hundreds of dispensaries operated by other cannabis license holders through dedicated sales teams.
- Licensing Revenue: Licensing of proprietary brands to wholesalers and regulated dispensaries in select domestic markets. Revenues are not material to overall results.
- Other Revenue: Includes management fees, real estate rental income, and supply procurement fees - not material to consolidated results.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
MariMed product offering
Product offeringCore offering
MariMed is a multi-state cannabis operator that cultivates, processes, manufactures, and distributes a portfolio of proprietary cannabis brands (Nature's Heritage, Betty's Eddies, Bubby's Baked, Vibations, InHouse) through its 13 company-owned Thrive Dispensaries and wholesale channels serving hundreds of third-party dispensaries across six U.S. states. The company operates vertically integrated seed-to-sale operations in Illinois, Maryland, Massachusetts, and Delaware, with cultivation, processing, and retail assets licensed under 33 state-issued cannabis licenses.
Product overview
MariMed is a multi-state cannabis operator offering a vertically integrated seed-to-sale operation spanning cultivation, production, and retail. The company's product portfolio centers on five proprietary consumer brands: Betty's Eddies (cannabis fruit chews), Bubby's Baked (infused baked goods), InHouse (value-priced products), Nature's Heritage (premium flower/concentrates), and Vibations (hydrating drink mixes). These branded products are sold through company-operated Thrive Dispensary retail locations (13 stores across five states) and distributed wholesale to hundreds of third-party dispensaries. The company also operates cultivation and manufacturing facilities, providing vertical integration in Illinois, Maryland, Massachusetts, and Delaware.
Differentiator
Problem solved
Functional benefit
Brands
- Nature's Heritage: Premium brand of cannabis flower, vapes, and concentrates
- Betty's Eddies
- Bubby's Baked
- Vibations
- InHouse
- Thrive
Products and services
- Nature's Heritage
Quantifiable outcome
- Record $159.8M revenue in 2025
- +2 more outcomes
Companies that use MariMed
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
MariMed technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
MariMed partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Craft Collective HomegrowncoreRhode Island distribution partner for hemp-derived THC products including Vibations brand. Products distributed through licensed liquor stores.
- Modern Infusions (Theory Wellness)coreSales execution and local marketing partner for Rhode Island hemp THC market launch.
- DeHydr8coreManufacturing partner for hemp-derived THC products including Vibations hydrating drink mix and Betty's Eddies gummies for the hemp THC market.
- CountermeasurescoreNational sales and marketing partner for hemp-derived THC product launches.
- Farm 2 HandcoreLicensing agreement to expand product distribution in New York State. Products produced in new kitchen at Farm 2 Hand's Bronx facility, expected to reach over 500 dispensaries in 2026.
- Standard Farms, LLC (TILT Holdings)coreManagement Services Agreement for day-to-day management of Standard Farms cultivation and processing facility in White Haven, Pennsylvania. Includes licensing arrangement for brand production and distribution pending regulatory approval.
- Artis LLC (Little Dog Delivery)minorHome delivery service partner in Massachusetts following April 2023 investment.
- First State Compassion Center (FSC)coreAcquired March 1, 2025. Leading cannabis operator in Delaware with dispensaries in Wilmington and Lewes, cultivation in Milford, and production kitchen in Wilmington.
Scale indicators9 records
Recent moves11 records
Expansion highlights6 records
MariMed competitors and assessment
Company assessmentDirect peers
- Ascend Wellness Holdings: Mid-sized multi-state cannabis operator with vertical integration in Illinois, Massachusetts, Michigan, New Jersey, and Ohio. Highly comparable to MariMed in scale, vertical integration strategy, and state footprint, making it one of the closest direct comparables on size and operating model.
- Ayr Wellness: Multi-state cannabis operator with retail dispensaries and cultivation/processing operations across multiple states including Massachusetts and Pennsylvania. Comparable to MariMed in scale, business model, and geographic footprint, with similar brand-and-wholesale strategy.
- iAnthus Capital Holdings: Multi-state cannabis operator with retail, cultivation, and processing operations in states including Massachusetts, Maryland, Florida, and New York. Similar size and operating profile to MariMed, with comparable state-by-state licensing and distribution challenges.
- Jushi Holdings: Multi-state cannabis operator with retail, cultivation, and processing operations across states including Illinois, Massachusetts, Pennsylvania, and Virginia. Comparable to MariMed in revenue scale and operational footprint, with overlapping competitive dynamics in core states.
Broad incumbents
- Curaleaf Holdings: One of the largest U.S. multi-state cannabis operators with vertical integration across cultivation, processing, and retail in numerous states including Massachusetts, Illinois, and Maryland. Directly comparable to MariMed's vertically integrated MSO model but at substantially larger scale (multi-billion dollar revenue).
- Cresco Labs: Multi-state cannabis operator with cultivation, processing, and retail across Illinois, Massachusetts, Pennsylvania, and other states where MariMed operates. Competes directly with MariMed in wholesale branded products and dispensary retail, with similar vertical integration strategy.
- Green Thumb Industries: Large multi-state cannabis operator with cultivation, processing, and retail operations across multiple states including Massachusetts, Illinois, Maryland, and Pennsylvania, overlapping directly with MariMed's footprint. Operates the Rise Dispensary brand and competes with MariMed's wholesale brands in shared markets.
- Trulieve Cannabis: Vertically integrated multi-state operator with retail and wholesale operations across the eastern U.S., including Massachusetts and Pennsylvania where MariMed operates. Trulieve's scale and product breadth provide a direct competitive comparison for MariMed's wholesale and retail strategy.
- Verano Holdings: Vertically integrated multi-state cannabis operator with retail dispensaries and wholesale branded products across multiple states including Illinois, Maryland, and Massachusetts. Operates comparable brand portfolio (e.g., MentaL, Encore) competing for shelf space and consumer mindshare against MariMed's brands.
- Tilray Brands: Large multi-state cannabis operator with significant hemp-THC product portfolio and beverage-adjacent brands. Relevant peer for MariMed's hemp-THC Vibations product line in Rhode Island liquor stores and broader hemp-derived THC strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
MariMed social profiles
Digital presenceMariMed financial estimates
Financial estimateRevenue estimate
Valuation estimate
MariMed leadership team
Management profileNumber of profiles
Profiles6 records
MariMed subsidiaries and ownership
Company hierarchySubsidiaries17 records
MariMed funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MariMed M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MariMed
What does MariMed do?
MariMed is a multi-state cannabis operator that cultivates, processes, manufactures, and distributes a portfolio of proprietary cannabis brands (Nature's Heritage, Betty's Eddies, Bubby's Baked, Vibations, InHouse) through its 13 company-owned Thrive Dispensaries and wholesale channels serving hundreds of third-party dispensaries across six U.S. states. The company operates vertically integrated seed-to-sale operations in Illinois, Maryland, Massachusetts, and Delaware, with cultivation, processing, and retail assets licensed under 33 state-issued cannabis licenses.
Is MariMed a public or private company?
MariMed is a public company. It is classified as public and is currently operating.
When was MariMed founded?
MariMed was founded in 2018. It employs 501 to 1,000 people.
Where is MariMed based?
MariMed is headquartered in Norwood, United States, in the North America region.
How does MariMed make money?
Four revenue lines are on record. Product Sales - Retail is the primary driver. The others are product Sales - Wholesale, licensing Revenue and other Revenue.
Who are MariMed's main competitors?
Direct peers on record are Ascend Wellness Holdings, Ayr Wellness, iAnthus Capital Holdings and Jushi Holdings. Broad incumbents are Curaleaf Holdings, Cresco Labs, Green Thumb Industries, Trulieve Cannabis, Verano Holdings and Tilray Brands.
Does MariMed have an API?
No public API is recorded for MariMed.
What industry is MariMed in?
MariMed's product category is Cannabis Products and Retail. Its primary akta.pro industry code is CRANAFAG, Cannabis Dispensary + Delivery/Online Pickup (Omnichannel Retail), with a secondary code of CRANAFAA, Adult-Use (Recreational) Cannabis Dispensaries. Its NAICS code is 325411 and its SIC code is 2833.