MPX Bioceutical (CSE:MPX) announced it obtained the final licensing approval for two cannabis dispensaries in Maryland.
As quoted in the press release:
Health for Life White Marsh will operate a dispensary in the White Marsh suburb of Baltimore Maryland, an affluent, highly populated area located at 4741 Ridge Road, Nottingham, Maryland 21236. Health for Life Baltimore, located at 6807 Rolling Mill Road, Baltimore, Maryland 21224, will operate a dispensary in an urban, high-traffic area of Baltimore, near North Point Road in the community of Colgate. The Health for Life Baltimore location is conveniently situated near Interstate Routes 695, 95 and U.S. Route 40 and a 15-minute drive from Baltimore’s Inner Harbour, Canton Waterfront, Federal Hill, and Fells Point. Johns Hopkins Bayview Medical Center, a teaching hospital within the world renowned Johns Hopkins Health System, is within two miles of the site.
“Through the management agreements with LMS and GreenMart Maryland, we continue to expand upon our existing presence in Maryland, achieving a milestone that is integral to our overall expansion plans, which include a focus on limited-license markets,” stated W. Scott Boyes, Chairman and CEO, MPX. “MPX is now managing three dispensaries in Maryland and one of only fifteen concentrate processing operations.”
“The Maryland medical cannabis market, with a well-defined regulatory structure and attractive marketplace competition, continues to be a focal point for MPX’s footprint expansion,” commented Beth Stavola, COO, MPX. “With licensing approval, we expect that both facilities will be open and accepting patients by early autumn of 2018.”