NORWOOD, MA, Dec. 14, 2018 (GLOBE NEWSWIRE) -- As President Trump prepares to sign the 2018 Farm Bill into law in
coming days, MariMed, Inc. (OTCQB: MRMD), a leading cannabis operator that recently announced a major hemp investment, hailed the imminent signing of the bill as “the official launch of the
Hemp CBD Era.”
“The expected signing of the Farm Bill will enable Americans to enjoy legal access to a host of hemp-derived CBD-based
solutions, which are already renowned for their health and wellness benefits, ,” said Robert Fireman, MariMed CEO. “MariMed
expects to make a series of Hemp CBD product and distribution announcements in 2019. We are excited about the potential of
legalized hemp to benefit millions of Americans in many ways.”
MariMed has made a significant commitment to the rapidly-growing, hemp-derived CBD product industry, which analysts project
growing to $22 billion globally by 2022, from today’s estimated $800 million. In November, MariMed announced its $30 million
investment and strategic partnership in a leading agriculture and technology company specializing in the production of hemp-derived
CBD.
Hemp-derived CBD has been shown to reduce anxiety, depression and sleep disorders without the side effects and addiction risks
of many pharmaceuticals. CBD has also been proven effective in treating a wide range of medical conditions, including certain
types of epilepsy, some cancers and painful cancer treatments, arthritic and muscular pain, high blood pressure, and various skin
conditions, including acne.
“With restrictions on hemp research likely to lift, MariMed is beginning to collaborate with researchers to develop more
effective delivery mechanisms and product options for specific medical, health and beauty treatments,” said Fireman.
Charles Finnie, MariMed Chief Strategy Officer, noted, “Hemp will be an important, eco-friendly,
drought-resistant crop that creates abundant jobs and tax revenue. It is time for hemp to assume its rightful place as a
cornerstone agricultural crop that has the power to reshape America’s health and wellness landscape.”
Search MariMed and post on social media with the hash tag #MedicatedByMarimed:
Twitter: @MariMedInc
Facebook: @MariMedInc
Instagram: MariMedInc
YouTube: MariMedInc
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About MariMed Inc.:
MariMed is a multi-state cannabis company that develops, owns and operates licensed cannabis facilities and develops and
distributes branded cannabis and hemp product lines. MariMed’s team has developed state-of-the-art regulatory-compliant facilities
in DE, IL, NV, MD, MA, and RI, which are models of excellence in horticultural principals, cannabis production, product
development, and dispensary operations. In addition, MariMed is on the forefront of precision-dosed branded cannabis and
hemp-derived products for the treatment of specific medical conditions. MariMed currently distributes its branded products in
approximately 10 states, and is expanding licensing and distribution to additional markets, encompassing thousands of dispensaries
and additional retail outlets. MariMed Inc. is one of the top-performing public cannabis companies in the U.S., according to
the U.S. Marijuana Index, (www.marijuanaindex.com) and Boston Business Journal named MariMed the top performing stock in Massachusetts . For additional
information, visit www.MariMedAdvisors.com
Media Contacts:
For MariMed
Business Development
Jon Levine, CFO, MariMed
info@MariMedAdvisors.com
781-559-8713
Investor Relations
Tyler Troup, Circadian Group
tyler@circadian-group.com
+1 (866) 950 8300
Media Relations
Julie Shepherd, Accentuate PR
Julie@accentuatepr.com
847-275-3643
Forward Looking Statements:
This release contains certain forward-looking statements and information relating to MariMed Inc., that is based on
the beliefs of MariMed Inc.’s management, as well as assumptions made by and information currently available to the Company. Such
statements reflect the current views of the Company with respect to future events including estimates and projections about its
business based on certain assumptions of its management, including those described in this Release. These statements are not
guarantees of future performance and involve risk and uncertainties that are difficult to predict, including, among other factors,
changes in demand for the Company's services and products, changes in the law and its enforcement and changes in the economic
environment. Additional risk factors are included in the Company's public filings with the SEC. Should one or more of these
underlying assumptions prove incorrect, actual results may vary materially from those described herein as "hoped," "anticipated,"
"believed," "planned, "estimated," "preparing," "potential," "expected" or words of a similar nature. The Company does not intend
to update these forward-looking statements. None of the content of any of the websites referred to herein (even if a link is
provided for your convenience) is incorporated into this release and the Company assumes no responsibility for any of such
content.
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