#Cannabis Stock News Update: MariMed ($MRMD) Q1 Revenue Doubles, Cannabis Services and Products Business Growing
BOSTON - May 18, 2017 (Investorideas.com Newswire) MariMed Inc. (MRMD) has over the past few years quietly developed its client base and revenue in the legal cannabis industry. Management anticipates MariMed will be on an even faster growth trajectory as many of its projects will be coming to fruition. MariMed reported strong revenue growth for 2016, which has continued into 2017. MariMed Inc. revenue for the three months ended March 31, 2017 was $1,150,719, nearly double the revenue of $614,456 for the comparable quarter 2016. MariMed more than doubled revenue in 2016 over 2015, increasing from $1.27 million in 2015 to $3.56 million in 2016. Substantially all the revenue was attributable to its subsidiary MariMed Advisors and its cannabis services and products business.
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