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MariMed’s Panacea Dispensary Shows Off Online Delivery

By Shadd Dales On Jul 23, 2023

In this episode of Trade To Black, we are on location in Middleborough, MA. Why? We’re getting an up-close look at the Panacea Wellness cannabis dispensary there. Joining us is MariMed’s Chief Revenue Officer, Ryan Crandall.

The 6,000 sqft. Panacea Wellness is one of their most successful dispensaries in the state. The performance of MariMed (CNSX: MRMD) has generated a lot of curiosity from our viewers who are wondering exactly what is making Panacea Wellness so popular when so many cannabis dispensaries are struggling.

Seated right on the main highway to the cape, Panacea Wellness’ location is undeniably great. They’re also well recognized for the quality of their offerings and customer service. However, the real recipe to their success story might just be their omni channel approach.

Crandall explains that there are three unique types of customers who tend to visit a dispensary. There are those who know what they want, and they want to grab it and go. Some are curious about cannabis products and want to spend time with their Budtenders. And the third kind would prefer never to have to set foot inside the dispensary at all if they don’t have to.

Panacea Wellness wouldn’t be the first dispensary to offer online delivery service, but they appear to be doing something right that their competition isn’t. Crandall walks us through the online ordering process and convenient delivery experience.

Did you know that Panacea Wellness has a loyalty program? Find out how this program and some customer-centered ‘sellability’ is giving them a keen edge against the competition. We will take an in-depth look at these, discussing how they were designed to meet the preferences of their customers and attract the right demographics. We’ll also take a greater look at how the dispensary, in partnership with Little Dogs Delivery, is maintaining customer retention.

Get a taste for what service is like at MariMed’s best dispensary when you tune in and watch this podcast.

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* In accordance with an executed agreement between The Dales Report and MariMed, The Dales Report is engaged with the aforementioned on a 12-month contract for $7,500 per month, with the purpose of publicly disseminating information pertaining to MariMed via The Dales Report’s media assets, encompassing its website, diverse social media platforms, and YouTube channel. Compensation for The Dales Report services involves the receipt of a predefined monetary consideration, which may, on certain occasions, encompass ordinary shares in instances where monetary compensation was not obtained. In such instances where share compensation was received, The Dales Report hereby asserts the right to engage in the acquisition or disposition of such shares subsequent to the conclusion of the aforementioned contractual period, in compliance with provincial, state, and federal securities regulations. Please refer to the “Disclosures” section below, which is to be interpreted in conjunction with this disclaimer.

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.