Grow, Gift, Repair

Insight on a multi-state Cannabis business

MariMed manages facilities in Wilmington and Lewes, Delaware; Hagerstown, Maryland; New Bedford and Middleborough, Massachusetts; Anna and Harrisburg, Illinois; and Clark, Nevada.

The largest facility, in Hagerstown, covers 100,000 square feet for cultivation and production of marijuana. The total value of all the facilities is $32 million, according to MariMed.

MariMed had $6.1 million in revenue last year, up 70.2 percent from the previous year, according to the company. Fireman claims to be on course to double that revenue number this year, and confidently predicts MariMed will steadily grow to $50 million to $100 million in annual revenue.

“Listen, it’s all about innovation,” Fireman said. “The country needs entrepreneurs that understand how to take ideas and turn them into business solutions and hopefully turn them into innovative industries.”

Fireman, who says he’s in his “late 60s” may not be there for MariMed’s entire ride to becoming an innovative industry.

“I’m getting up there in age,” he said. “I want to retire in Vermont and turn this industry over to people who can make a difference.”