Like many states, Maryland has a medical cannabis market that shows growth, potential and significant pain points.
Maryland began revising its cannabis laws in 2012 when state lawmakers approved a medical marketplace. Two years later, the possession of 10 grams or less was decriminalized.
In 2017, Maryland’s medical program became operational.
Data provided by the Maryland Medical Cannabis Commission shows that 84,000 patients are registered in the program, with 7,000 caregivers enrolled.
Triple-Digit Increases In Maryland’s Patient Enrollment
Since the launch, the state has granted licenses to over 80 dispensaries, 16 processors and 15 cultivators, as well as four registered independent testing labs. On the medical front, more than 1,500 providers have enrolled in the program.
The program’s growth has been reflected in its sales.
In the first year, the state generated $95.4 million in sales between December 2017 and Nov. 30, 2018.
The state’s monthly cannabis sales growth clocked in at an average of 21%, with November being the most …