Cannabis Status: Opened Nov 13, 2023
The state of Maryland is set to open for adult use licensing this fall in November with its first ever adult use license lottery. Not only is Maryland a fresh untapped adult use market, every single jurisdiction will be open for cannabis uses. Unlike most other states, local jurisdictions do not have the authority to ban cannabis uses, so that means every city and town will be available for you to pursue a cannabis license if you win in the lottery!
Our experienced team of experts have researched every component of the state’s regulations, demographics, taxes and more to help you find the best compliant property in the state.
This first round of licensing will be available exclusively to social equity candidates, so reach out to us today to see if you qualify for one of these valuable early license opportunities. The Maryland Cannabis Administration anticipates it will announce a second round of cannabis lotteries, open to the general public in May of 2024.
Median Income: $108,200
Cannabis Uses: Grower, Processor, Dispensary, Incubator Space License, On- Site Consumption
State Cannabis Overview: Located centrally between our nation’s capital in DC, and state’s with limited cannabis access like Virginia, and Pennsylvania, Maryland is home to some of the most important landmarks in America’s history. Maryland’s location between the Chesapeake Bay and Atlantic Ocean make it a hub of trade and commerce with strategic seaports and famous seafood cuisine. The state will soon also be known for its cannabis, as its first adult-use cannabis lottery will open at 12:00 AM Eastern Standard Time (EST), November 13, 2023, and close at 5 PM EST on December 12, 2023.