SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 20 – SUBSEQUENT EVENTS Metropolis Property Purchase In July 2021, the Company purchased the land and building in which it operates its cannabis dispensary in Metropolis, IL. The purchase price consisted of 750,000 shares of the Company’s common stock, which was valued at $705,000 on the date of the transaction, and payoff of the seller’s remaining mortgage of approximately $1.6 million. In connection with this purchase, the Company entered into another mortgage agreement with DuQuoin State Bank in the amount of $2.7 million that matures in July 2041 and initially bears interest at a rate of 6.25% per annum, and adjusted each year based on a certain interest rate index plus a margin. As part of this transaction, the seller was provided with a 30% ownership interest in Mari Holdings Metropolis LLC (“Metro”), the Company’s subsidiary that will own the property and related mortgage obligation, reducing the Company’s ownership interest in Metro to 70%. Employment Agreements Effective July 1, 2021, the Company entered into employment agreements with its CEO, CFO, and COO, expiring in June 2024, that provide an annual base salary of $350,000, $325,000, and $300,000, respectively, and the ability to receive annual bonuses of up to 75% of the executive’s annual base salary for each year during the term, based on reaching certain performance goals established by the Company. The agreements also provide the CEO, CFO, and COO with a grant of non-qualified stock options to purchase up to (i) 5,000,000, 5,000,000, and 1,250,000 shares, respectively, of the Company’s common stock, exercisable at the fair market value of the Company’s common stock on the date of the agreements, which fully vest over one year and expire in July 2026, (ii) 5,000,000, 5,000,000, and 1,250,000 shares, respectively, of the Company’s common stock, exercisable at the fair market value of the Company’s common stock on the date that the Company’s stockholders approve an amendment to the Company’s Amended and Restated 2018 Stock Award and Incentive Plan, which fully vest over one year and expire five years from grant date; and (iii) additional grants on each anniversary of the effective date of the agreements in the sole discretion of the Company’s Compensation Committee. The agreements include covenants not to compete, non-solicitation provisions, and termination obligations, among other terms and conditions. Promissory Note Conversions In August 2021, the Noteholder of the $3.2M Note converted approximately $387,000 of principal in the aggregate into 1,104,725 shares of the Company’s common stock. Such conversions were effected in accordance with the terms of the note agreement, and therefore the Company was not required to record a gain or loss upon the conversions. Equity Transactions In July 2021, the Company granted (i) five-year options to purchase up to an aggregate of 11,250,000 shares of the Company’s common stock to the Company’s CEO, CFO, and COO pursuant to the aforementioned employment agreements at an exercise price of $0.88 per share (ii) five-year options to purchase up to 100,000 shares of common stock to each of the Company’s three independent board members at an exercise price of $0.88 per share, (ii) five-year options to purchase up to an aggregate of 900,000 shares of common stock to employees at exercise prices of $0.84 and $0.90 per share, and (ii) an aggregate of 145,217 shares of restricted common stock to employees that fully vest in two and three years. Also during this period, (i) options to purchase 85,000 shares of common stock were exercised at exercise prices of $0.21 and $0.30 per share, (ii) 79,815 shares of common stock were returned to the Company from the adjustment of a previously converted debenture, (iii) the Company issued 750,000 shares of common stock pursuant to the aforementioned purchase of property in Metropolis, IL, and (iv) the Company issued 300,000 shares of common stock for the payment of services to a consultant .

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2021

NOTE 20 – SUBSEQUENT EVENTS

Metropolis Property Purchase

In July 2021, the Company purchased the land and building in which it operates its cannabis dispensary in Metropolis, IL. The purchase price consisted of 750,000 shares of the Company’s common stock, which was valued at $705,000 on the date of the transaction, and payoff of the seller’s remaining mortgage of approximately $1.6 million. In connection with this purchase, the Company entered into another mortgage agreement with DuQuoin State Bank in the amount of $2.7 million that matures in July 2041 and initially bears interest at a rate of 6.25% per annum, and adjusted each year based on a certain interest rate index plus a margin.

As part of this transaction, the seller was provided with a 30% ownership interest in Mari Holdings Metropolis LLC (“Metro”), the Company’s subsidiary that will own the property and related mortgage obligation, reducing the Company’s ownership interest in Metro to 70%.

Employment Agreements

Effective July 1, 2021, the Company entered into employment agreements with its CEO, CFO, and COO, expiring in June 2024, that provide an annual base salary of $350,000, $325,000, and $300,000, respectively, and the ability to receive annual bonuses of up to 75% of the executive’s annual base salary for each year during the term, based on reaching certain performance goals established by the Company.

The agreements also provide the CEO, CFO, and COO with a grant of non-qualified stock options to purchase up to (i) 5,000,000, 5,000,000, and 1,250,000 shares, respectively, of the Company’s common stock, exercisable at the fair market value of the Company’s common stock on the date of the agreements, which fully vest over one year and expire in July 2026, (ii) 5,000,000, 5,000,000, and 1,250,000 shares, respectively, of the Company’s common stock, exercisable at the fair market value of the Company’s common stock on the date that the Company’s stockholders approve an amendment to the Company’s Amended and Restated 2018 Stock Award and Incentive Plan, which fully vest over one year and expire five years from grant date; and (iii) additional grants on each anniversary of the effective date of the agreements in the sole discretion of the Company’s Compensation Committee.

The agreements include covenants not to compete, non-solicitation provisions, and termination obligations, among other terms and conditions.

Promissory Note Conversions

In August 2021, the Noteholder of the $3.2M Note converted approximately $387,000 of principal in the aggregate into 1,104,725 shares of the Company’s common stock. Such conversions were effected in accordance with the terms of the note agreement, and therefore the Company was not required to record a gain or loss upon the conversions.

Equity Transactions

In July 2021, the Company granted (i) five-year options to purchase up to an aggregate of 11,250,000 shares of the Company’s common stock to the Company’s CEO, CFO, and COO pursuant to the aforementioned employment agreements at an exercise price of $0.88 per share (ii) five-year options to purchase up to 100,000 shares of common stock to each of the Company’s three independent board members at an exercise price of $0.88 per share, (ii) five-year options to purchase up to an aggregate of 900,000 shares of common stock to employees at exercise prices of $0.84 and $0.90 per share, and (ii) an aggregate of 145,217 shares of restricted common stock to employees that fully vest in two and three years.

Also during this period, (i) options to purchase 85,000 shares of common stock were exercised at exercise prices of $0.21 and $0.30 per share, (ii) 79,815 shares of common stock were returned to the Company from the adjustment of a previously converted debenture, (iii) the Company issued 750,000 shares of common stock pursuant to the aforementioned purchase of property in Metropolis, IL, and (iv) the Company issued 300,000 shares of common stock for the payment of services to a consultant .