MedPharm Iowa, a Des Moines-based medical cannabis company, announced it is changing its name to Bud & Mary's Cannabis, with plans to invest more than $10 million into its existing cannabis production facility on Des Moines’ east side. The expansion will allow for a threefold increase in cannabis production for the Iowa program to meet increasing patient needs, and will add at least 20 new jobs, the company said in a release. Additionally, Bud & Mary's will launch a new cultivation and production facility in Michigan in the second half of 2022, as well as open a new dispensary in Michigan this summer. The company also plans to expand its existing Colorado production late this year. The name change reflects the Iowa-owned and -operated company’s growth in Iowa, Colorado and Michigan, while also honoring the legacy of the family-owned business. The company remains solely owned by Chris Nelson, whose family separately owns Kemin Industries, a global ingredients company based in Des Moines. R.W. "Bud" Nelson and his wife, Mary Nelson, founded Kemin in 1961. Chris Nelson said the name change was not the result of a merger or other similar transaction. Instead, the change is meant to better serve the company as it grows. Iowa's medical cannabis program has grown significantly. As of May, there are more than 10,000 registered patients, with more than 500 new medical cards being added every month. The Des Moines production facility expansion is expected to be complete in early 2023. More information about the company can be found on its new website.