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Second recreational cannabis store opens in Quincy’s former Ermont

QUINCY ‒ The city’s second recreational cannabis store opened July 2 on the site of a former medical-only establishment. Panacea Wellness on Ricciuti Drive received its dual-purpose license July 1 and began recreational sales the next day, a company spokesperson said.

Panacea Wellness, a subsidiary of multi-state cannabis corporation MariMed Inc., acquired Ermont Inc. in February 2023 with plans to obtain an adult-use license and begin recreational sales. Those plans have now come to fruition.

Inside Panacea Wellness, Quincy’s second recreational dispensary

The store at 216 Ricciuti Drive has undergone some interior changes to make it more accessible to recreational consumers. Panacea expanded the building with a new 3,500-square-foot retail space that is three-and-a-half times larger than the original, according to MariMed vice president of retail Tim Rasmussen.

Medical and recreational customers enter the same space, though once inside they order at different kiosks and from different menus, said MariMed communications director Howard Schacter.

Medical marijuana still accounts for 90% of the store’s business, Rasmussen said. He said he expects recreational cannabis sales to eventually account for three-quarters of total sales.

Quincy’s Growing Cannabis Sector

Panacea follows Quincy Cannabis Co., which began recreational sales at the Fore River Bridge traffic circle in March 2023. Since then, three more Quincy recreational dispensaries have received special permits from the city’s zoning board of appeals but have yet to open, including Wildflower on Brook Road, Chill and Bliss on Quincy Avenue and Pinnacle Cannabis on Independence Avenue.

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MariMed brands include Betty’s Eddies fruit-flavored chewy candies, Bubby’s Baked soft baked goods, Nature’s Heritage flowers, Vibations hydration drink mix and more. More than 200 dispensaries in Massachusetts sell MariMed brands, according to the company’s website.

Who is MariMed Inc.?

MariMed Inc. has stores and cultivation and processing plants in six U.S. states plus Puerto Rico, its website says.

Panacea Wellness locations previously opened in Middleboro in 2020 and Beverly in 2023, making the Quincy dispensary its third, the maximum any business can operate under Massachusetts law, according to MariMed’s website.

Like Quincy, the Middleboro location offers both medical and recreational cannabis products. So far, the Beverly location only offers recreational products, but the company is seeking a dual license there as well, which would give MariMed the maximum number of licenses allowed under state law for both medical and recreational dispensaries, Schachter said.

In addition to the dispensaries, MariMed Inc. also has a 70,000-square-foot cultivation and processing facility in New Bedford. The company plans to expand its operating space after a tenant occupying about half of the 150,000-square-foot building moved out, Schachter said.

Panacea Wellness will hold a ribbon cutting ceremony on Thursday, July 11 at 9:30 a.m.

Peter Blandino covers Quincy for The Patriot Ledger. Contact him at [email protected].

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