MedPharm Iowa rebrands as Bud & Mary’s Cannabis, plans expansions

DES MOINES, Iowa (June 2, 2022) MedPharm Iowa has changed its name to Bud & Mary’s Cannabis. The name change reflects the Iowa owned and operated company’s strong growth in Iowa, Colorado, and Michigan, while also honoring the legacy of the family-owned business. Along with its major expansions in Colorado and Michigan, Bud & Mary’s is making a significant re-investment in Iowa.

Iowa Expansion Plans

• Bud & Mary’s will invest more than $10 million into their existing Des Moines cannabis production facility
• The expansion will allow for a 3x increase in cannabis production for the Iowa program in order to meet increasing patient needs.
• The expansion will add at least 20 new jobs
• The expansion is expected to be complete in early 2023

Multi-State Expansion Plans

• Bud & Mary’s will launch a new cultivation & production facility in Michigan in the second half of 2022
• Bud & Mary’s will launch a new dispensary in Michigan in summer 2022
• Bud & Mary’s is expanding their existing Colorado production facility in late 2022

Name Change Info

• The new Bud & Mary’s name went into effect June 3rd, 2022 at the existing Windsor Heights and Sioux City dispensaries, as well as the Des Moines cannabis cultivation facility.
• The new website is www.budmary.com
• External “MedPharm” dispensary signs will transition in July to limit customer confusion.
• The company remains owned solely by Dr. Chris Nelson. This name change was not the result of a merger or other similar transaction. Instead, the name change is meant to better serve the company as it grows.  
• The same medical cannabis products will continue to be grown and sold in Iowa, with new products coming later this year.

Iowa Medical Cannabis Program Updates

• Patient numbers have increased significantly in 2022, for reasons below:
• Getting an Iowa med card can take minutes and can be completed entirely online using online doctors.
• The condition “Chronic Pain” is the most common reason for getting a card, which can include a variety of conditions like back pain, neck pain, joint pain, sports injuries, migraines, mental pain, menstrual pain, etc.
• Iowa’s 3% THC limit was removed, allowing for full THC products such as 85% THC vapes.
• Iowa’s medical cannabis program has grown significantly. As of May 2022  there are over 10,000 registered patients, with 500+ new medical cards being added every month.