On May 15, 2018, Governor Larry Hogan signed into law House Bill 2 (HB2), the Natalie M. Laprade Medical Cannabis Commission Reform Act. Following efforts by the state’s Legislative Black Caucus, this Bill substantially updated Maryland’s existing medical marijuana program, with an emphasis on increasing the participation of small-, minority-, and women-owned businesses.
The MMCC tracks retail sales data. As of June 2018, dispensaries had sold $36M. Industry analysis firm Brightfield Group had projected the state would sell $30M over the full year, meaning the market is already well ahead of professional projections.
Maryland is also considering full recreational marijuana legalization.
HB2 authorizes the Maryland Medical Cannabis Commission (MMCC) to award additional permits:
These license applications will be subject to emergency regulations promulgated to encourage the inclusion of minority and women applicants.
We anticipate that license applications will be accepted in Q1 or Q2 of 2019.
In 2015, Green Rush Consulting prepared medical marijuana business applications for 6 clients, winning pre-approval for all submitted applications: a total of 2 processing licenses and 6 dispensary licenses.
Content Updated on July 16, 2018.