Join our post-election webinar on December 5 to learn about next steps and opportunities for adult-use in Maryland.
Maryland Adult-Use Cannabis Business Opportunities
Start Your Maryland Cannabis License Application Now
With the overwhelming passage of adult-use cannabis in Maryland in this November’s election, those seeking to win an adult-use license should start planning now. Our team of Maryland license application consultants can help you prepare now to submit your best license application.
The Maryland bill lacks regulation and details, but does specify that adult-use possession will begin in July 2023. The bill does not cover the licensing process or limits which will need to be hammered out by regulators.
In the meantime, those hoping to win an adult-use license in Maryland should start now on the important fundamentals to be ready when details are released by the state.
Our solid track record of cannabis consulting work in Maryland began with winning a significant number of licenses for clients in the the first round of medical marijuana licenses in the 2015-2016 medical marijuana application cycle and continued with the 2019 license application cycle.
Contact our team of experts to start your business planning and financial modeling now. And join our post-election webinar to learn more about positioning yourself to win an adult-use license in Maryland.
Important Application Dates for Maryland Adult-Use (Recreational) Licensing
Adult-Use Implementation Timeline Overview and Key Dates:
November 8, 2022 - Adult-use ballot initiative approval
Early 2023 -Maryland constitution will be amended to include that adults 21 and older can use and possess marijuana.
Early 2023 - Maryland legislators will begin working on adult-use marijuana tax, distribution and licensing laws.
July 1, 2023 - Becomes legal for adults 21 and older to use marijuana and possess up to 1.5 ounces
2024 - 2025 - Expected timeframe for retail sales to begin
Maryland Adult-Use Sales Projections
Maryland, the 20th state in the nation to approve recreational marijuana, is positioned to generate up to $600 million in the first year of adult-use and up to $1 billion in year 4 of adult-use sales. With one of the most robust medical marijuana markets in the US, Maryland residents and cannabis entrepreneurs should expect a smooth transition to adult-use.