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MARIMED INC. (MRMD) stock intrinsic value fair value estimate & owner earnings analysis

ComplexityAverage Updated
MariMed is a vertically integrated cannabis operator. Its 2025 annual report describes cultivation, production and Thrive-branded dispensaries in Massachusetts, Illinois, Maryland and Delaware, and its revenue comes from selling cannabis products at wholesale and retail. Because the company sells cannabis, which remains illegal under U.S. federal law, we consider it uninvestable and have not valued it.

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Sales geography
United States: Massachusetts, Illinois, Maryland, Delaware
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