Maryland will become the 20th state in the nation to launch adult-use cannabis sales this Saturday, July 1, which it did in record time – not even eight months after Maryland voters overwhelmingly approved marijuana legalization in the November midterms.
And multistate medical marijuana dispensaries already functioning in the state couldn’t be happier as they will be the first to change their front window signs and transition to adult-use cannabis shops.
Smart Move, Maryland
Maryland wisely arranged to allow medical dispensaries to become adult-use retail shops, a move that medical marijuana giants in New York will not be able to do for at least another year. Minnesota will do the same as Maryland in August.
Existing cannabis companies operating in Maryland, which happen to be the largest in the country, can make the switch to adult-use shops in a fairly straightforward move involving the payment of a one-time fee of 8% of their gross 2022 dispensary revenue (not to exceed $2 million).
Maryland, which happens to border four states that do not have legal recreational weed - Delaware, Pennsylvania, Virginia and West Virginia - will doubtless have some canna-tourists showing up soon.
Photo: Kevin Ruck and Almoond on Shutterstock
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