MedPharm Iowa, which was awarded the first medical marijuana business license in the state, is changing its name and expanding its footprint.
The Des Moines-based company is rebranding as Bud & Mary’s and plans to expand its reach into other parts of Iowa as well as Michigan, The (Cedar Rapids) Gazette reported Thursday.
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The former MedPharm Iowa was awarded the state’s first MMJ production license in 2017.
Five years later, Bud & Mary’s plans to break ground next week on a $10 million expansion to “allow for a 3x increase in cannabis production for the Iowa program in order to meet increasing patient needs,” owner Chris Nelson told The Gazette.
The facility is expected to require an additional 20 employees.
Bud & Mary’s is one of two companies permitted to sell medical cannabis in Iowa, where state law allows for only two MMJ producers and five dispensaries.
Read full article on Marijuana Business Daily
