Read more about the article Here’s the County-By-County Breakdown of the 179 Cannabis Business Licenses Available Later This Year
Cannabis / County News / General Assembly News / Planning and Zoning
Here’s the County-By-County Breakdown of the 179 Cannabis Business Licenses Available Later This Year

Application round exclusively for social equity applicants opens in November. The Maryland Cannabis Administration announced that the first application round for cannabis business licenses opens on November 13. More than 175 standard and micro cannabis grower, processor, and dispensary licenses available in the first round are exclusive to social equity applicants. A social equity applicant is an applicant that has at least 65 percent ownership and control held by one or more individuals who lived…

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September 11, 2023
Read more about the article Top US Health Officials Recommend Moving Cannabis to Lower-Risk Tier
Cannabis / Health and Human Services / NACo and Federal Issues / Taxes and Revenues
Top US Health Officials Recommend Moving Cannabis to Lower-Risk Tier

After completing an almost year-long evaluation of cannabis's current status as a Schedule 1 substance, the US Department of Health and Human Services recommended to the Drug Enforcement Administration that cannabis be moved from Schedule I to Schedule III. While the DEA has the final say on such a change, the HHS recommendation is significant. Reclassification is a step short of legalizing the drug entirely. Still, it would mark a critical shift away from cannabis's…

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September 6, 2023
Read more about the article Maryland Cannabis Sales Eclipse $90 Million in August
Cannabis / County News / Taxes and Revenues
Maryland Cannabis Sales Eclipse $90 Million in August

In August, collective adult-use and medical cannabis purchases reached $91.7 million, more than the $87.4 million total for July -- which was more than double the $42.7 million total for June, before the launch of adult-use retail sales, according to the Maryland Cannabis Administration (MCA). As previously reported on Conduit Street, as of July 1, adult-use cannabis is legal under Maryland law. Nearly all existing medical dispensaries (approximately 100 locations statewide) have converted their licenses and…

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September 5, 2023
Read more about the article #MACoCon Debrief: Adult-Use Cannabis: Taxes, Zoning, and Safety – Oh My!
Will Tilburg
Cannabis / Health and Human Services / Planning and Zoning / Public Safety and Corrections / Summer Conference / Taxes and Revenues
#MACoCon Debrief: Adult-Use Cannabis: Taxes, Zoning, and Safety – Oh My!

At the MACo Summer Conference, an expert panel provided insight into Maryland's adult-use cannabis law, including best practices for navigating the fast-changing political, social, and regulatory landscape. After an overwhelming share of Marylanders approved a referendum to legalize adult-use cannabis, the Maryland General Assembly passed sweeping legislation to address cannabis taxes, licensing, oversight, and more. However, many questions remain about the burgeoning industry. Ambiguous restrictions on local zoning, incommensurate revenue sharing, human resources considerations, public…

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August 24, 2023
Read more about the article Moody’s: Tax, Policy Tweaks Crucial to Unlock State Cannabis Revenues
Source: The Urban Project
Cannabis / County Budgets / County News / State Budget and Fiscal Issues / Summer Conference
Moody’s: Tax, Policy Tweaks Crucial to Unlock State Cannabis Revenues

Nearly half of US states have legalized adult-use cannabis over the past decade, with many receiving only a modest uptick in revenue, according to analysts from Moody's Investors Service. Changes in cannabis tax policy, however, have the potential to change that, according to Moody's. According to Yahoo Finance: Alaska, Colorado, Oregon, Maryland, Washington and Virginia have all already created task forces to evaluate the fast-changing cannabis business landscape. In Alaska, the unit is already weighing…

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August 3, 2023
Read more about the article MD Cannabis Sales Soar to $87.4M During First Month of Adult-Use Market
Cannabis / Summer Conference / Taxes and Revenues
MD Cannabis Sales Soar to $87.4M During First Month of Adult-Use Market

In July, collective adult-use and medical cannabis purchases reached $87.4 million — more than double the $42.7 million total for June, before the launch of adult-use retail sales, according to the Maryland Cannabis Administration (MCA). As previously reported on Conduit Street, as of July 1, adult-use cannabis is legal under Maryland law. Nearly all existing medical dispensaries (approximately 100 locations statewide) have converted their licenses and can sell medical and adult-use cannabis products to adults…

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August 1, 2023
Read more about the article Here’s How the State Will Regulate Legalized Cannabis in Schools and Child Care Facilities
Cannabis / County News / Education
Here’s How the State Will Regulate Legalized Cannabis in Schools and Child Care Facilities

Adult-use recreational cannabis is now legal in Maryland. Here's how the State Department of Education will regulate usage in schools and child care facilities. Adult-use cannabis became legal throughout Maryland on July 1. How recreational use will interact with schools and child care facilities has been discussed throughout the legalization process. The Maryland State Department of Education (MSDE) passed emergency regulations at its June 27 meeting about cannabis usage at child care facilities. Those regulations…

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July 18, 2023
Read more about the article MD’s Cannabis Business Assistance Fund Offers Second Round of Funding, Applications Open August 1
Cannabis / County News / Summer Conference
MD’s Cannabis Business Assistance Fund Offers Second Round of Funding, Applications Open August 1

This week, the Maryland Department of Commerce announced that applications will open on August 1 for the second round of funding available through the Cannabis Business Assistance Fund. The $40 million in this round of funding will help support social equity licensees who held a stage one pre-approval for a license before October 1, 2022, and are not yet operational by August 1, 2023. The Cannabis Business Assistance Fund was created as part of legislation…

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July 11, 2023
Read more about the article Adult-Use Cannabis: Taxes, Zoning, and Safety – Oh My!
Cannabis / General Assembly News / Planning and Zoning / Public Safety and Corrections / Summer Conference / Taxes and Revenues
Adult-Use Cannabis: Taxes, Zoning, and Safety – Oh My!

At this year's MACo Summer Conference, learn best practices for navigating the fast-changing political, social, and regulatory landscape of adult-use cannabis. After an overwhelming share of Marylanders approved a referendum to legalize adult-use cannabis, the Maryland General Assembly passed sweeping legislation to address cannabis taxes, licensing, oversight, and more. As previously reported on Conduit Street, Maryland cannabis sales totaled more than $10 million over the July 4 holiday weekend as retail sales for adult consumers…

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July 10, 2023
Read more about the article Maryland Cannabis Sales Eclipse $10M Over July 4 Weekend
Cannabis / Taxes and Revenues
Maryland Cannabis Sales Eclipse $10M Over July 4 Weekend

Maryland cannabis sales totaled more than $10 million this past holiday weekend as retail sales for adult consumers launched across the state, according to the Maryland Cannabis Administration (MCA). From Friday through Sunday, collective adult-use and medical cannabis purchases reached $10,429,736 — more than double the $3,985,527 in medical cannabis sales the state saw during last year’s 4th of July holiday weekend. As previously reported on Conduit Street, HB 556/SB 516 of 2023 imposes a…

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July 6, 2023
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