Maryland’s Annual Cannabis Sales Hit $700m Since Adult-Use Legalisation
New figures from the Maryland Cannabis Administration show that since adult-use cannabis was legalised in July 2023, recreational sales have grown to over $270m.
New figures from the Maryland Cannabis Administration show that since adult-use cannabis was legalised in July 2023, recreational sales have grown to over $270m.
In its second round of funding, the Maryland Cannabis Business Assistance Fund now has $40 million grant funding available – with up to $5 million is available for each awardee.
Maryland sold over $20m of cannabis products in a week following the innaugural launch of adult-use cannabis sales earlier this month.
July 1 saw the launch of adult-use cannabis sales in Maryland, making it the 21st state to legalise recreational cannabis in the country.
Regulated sales of adult-use cannabis will begin in Maryland on Saturday.
One of the US’s largest cannabis brands, Cookies, has had its licence suspended by the Maryland Cannabis Administration (MCA), less than a week after the grand opening of its franchise store in Baltimore.
New York senate passes bill to let cannabis businesses in New York city take local tax deductions prohibited under federal law New York’s Senate has approved a bill that would provide tax relief to New York City cannabis businesses, reports Marijuana Moment, noting that, before the passing of the bill, those cannabis businesses were blocked…
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