Advertisment: Fluence » Fluence Order 95 » CBT ROS Banner 970x250 - Start June 18 » FLU-DBA_SPYDR3_970 x 250

MariMed Closes Acquisition of Thrive Dispensary in Casey, Ill.

The deal marks the company’s fifth retail location in Illinois.

Rockingchair
Adobe Stock

Tony Headshot

NORWOOD, Mass., April 11, 2024 – PRESS RELEASE – MariMed Inc., a leading multistate cannabis operator focused on improving lives every day, announced the closing of its acquisition of Allgreens Dispensary LLC on April 9, 2024. The approval of the license transfer by the Illinois Department of Financial and Professional Regulation, and subsequent closing of the acquisition, allows MariMed to fully consolidate the financial results of the company’s Thrive-branded dispensary in Casey, Ill., which had previously been operated under a Managed Services Agreement.

Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570

Thrive Casey is the only dispensary in Clark County, Ill., 30 miles west of Terre Haute, Ind. Thrive Casey is located at 912 N. State Highway 49, near the intersection of state Highway 49 and U.S. Interstate 70. The dispensary should benefit from attracting the thousands of tourists who annually visit Casey to see the 30 “World’s Largest” and “Big Things” on display throughout the city. They include the World’s Largest Rocking Chair and Mailbox.

Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle July 2025 » D53_Cannabis-Business-Times_300x250_v1
Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle July 2025 » D53_Cannabis-Business-Times_300x250_v1

The company continues to look for additional retail locations in Illinois, where adult-use cannabis sales exceeded $1.6 billion last year. Current Illinois cannabis regulations allow an operator to own up to 10 dispensaries.

MariMed also recently became vertical in Illinois, opening a craft grow and processing facility in Mt. Vernon in December. MariMed now distributes most of its products at Thrive dispensaries and wholesales its products to more than 100 other dispensaries throughout the state. Thrive Casey will offer a curated selection of products across its award-winning brand portfolio, including Betty’s Eddies fruit chews, Bubby’s Baked soft-baked goods, Vibations drink mixes, and the full suite of its InHouse branded products.

Advertisment: Frank Mayer » Frank Mayer Order 84 » CBT ROS Medium Rectangle 300x250 July 2025 » CBT Web Ad - July 2025
Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle July 2025 » D53_Cannabis-Business-Times_300x250_v1
Page 1 of 37
Next Page
Advertisment: Greentank » Greentank Order 111 » CBT ROS Mobile Adhesion 360x120 July 2025 » GT AC ADS 600X200@2x