Maryland Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Recreational cannabis tax revenue jumped by 52% in Maryland this spring, comptroller’s office says

September 25, 2024
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Maryland
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Maryland collected over $22.3 million in tax revenue from recreational cannabis sales this spring, marking an increase of more than 52% over the previous quarter, according to the state comptroller’s office. The bump comes as adult-use cannabis sales steadily increase following the…

Maryland’s illicit cannabis market still ‘alive and well’ after legalization

It’s been more than a year since Maryland flipped a switch, turning the state’s string of medical cannabis stores into retailers open to anyone 21 and older. Ahead of the rollout made possible by a ballot referendum, lawmakers deftly set regulations…

MariMed Adds New Post-Guidance Growth

July 16, 2024
Tom Hymes
Multiple State Operators, News & Insights
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While the dog days of summer are certainly upon us, and the fate of the cannabis industry remains shrouded in political and legal uncertainty, deals are still being made, state regulators are doing their work, and new growth opportunities are…

A year after Maryland approved recreational cannabis, sales are booming but health concerns linger

A year ago, there were still plenty of unknowns in Maryland’s cannabis industry. Medical cannabis businesses, now cleared to participate in the newly approved recreational market, had to gauge what would happen when they opened their doors to all adults 21…

In historic move, Maryland Governor Wes Moore issues pardons for over 175K misdemeanor cannabis convictions

Gov. Wes Moore issued more than 175,000 pardons for misdemeanor cannabis possession and use convictions Monday morning — one of the largest state-issued pardons in United States history. “We’ll be clear: This is just a step — this is not…

A thriving Black woman-owned cannabis business meets suburban resistance

Hope Wiseman is exactly whom Maryland leaders envisioned supporting when cannabis equity became a state initiative. In Prince George’s County, more dispensaries make some residents and lawmakers shudder. The former investment banker sometimes sits in the driver’s seat of her…

8 of 10 weed firms seeking equity licenses in Md. are minority- or woman-owned

February 12, 2024
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Maryland
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Eligible applicants learned on Friday that they had advanced to a lottery expected to take place in March Just over 1,700 people applied for a cannabis license in Maryland’s first round designed to foster social equity, which lawmakers championed as…

Governors Urge Biden To Reschedule Marijuana By The End Of This Year

The governors of six states have jointly written a letter to President Joe Biden, urging him to ensure marijuana is rescheduled by the end of this year. The letter, signed by the governors of Colorado, Illinois, Louisiana, Maryland, New Jersey,…

Maryland judge’s ruling will allow shuttered hemp businesses to reopen

October 12, 2023
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Maryland
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A preliminary injunction focuses on the state constitutionality of parts of Maryland’s recreational marijuana laws Some shuttered businesses that sold hemp-derived products in Maryland until a new state law took effect will soon be able to reopen under a preliminary…

Building Story Cannabis: A Conversation with Founder Jason Vedadi

August 29, 2023
Tom Hymes
Company Stories, News & Insights, Spotlight
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Arizona-based Story Cannabis was founded in June of 2022 by entrepreneur Jason Vedadi in what could be seen as the third act of his cannabis career, which has included significant stops at Harvest Health and Recreation and Oasis, the latter…

With legalization in Maryland come changes in cannabis-related laws on expungement, traffic stops

Big change came to the state Saturday — not only with the legalization of adult-use recreational cannabis, but also with shifting criminal justice policies that have disproportionately impacted communities of color and low-income Marylanders. In the spirit of ending the prohibition…

Countdown to Maryland: Curaleaf Prepares for Adult-Use Sales

With mere days remaining before Maryland ushers in adult-use cannabis sales, leading MSO Curaleaf says it is ready for opening day and looking forward to a successful kick-off. “We are very excited to start adult-use sales in Maryland,” said CEO…

‘It’s going to be hot’: Maryland cannabis firms stockpile and staff up for big demand starting Saturday

Along a flat road in rural Cecil County, where the sky is big and the towns are small, stands a long, nondescript building. Inside is one of the most important cultivation and processing operations for Maryland’s new cash crop —…

Court Orders CULTA Principal to Pay Up

In what may be the culmination of a years-long brawl between former partners who apparently fell out after bringing Colorado-based Doctor’s Borders, now known as CULTA, to Maryland, Judge R. Brooke Jackson of the U.S. District Court for the District…

TerrAscend Maintains Its Balance in an Uncertain Market

June 12, 2023
Tom Hymes
Company Stories, News & Insights, Spotlight
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TerrAscend (CSE: TER) (OTCQX: TRSSF) is a Canadian public company with operations in Canada and five U.S. states: California, New Jersey, Maryland, Pennsylvania, and Michigan, where it has its greatest concentration of retail outlets. A vertical integrated company in each…

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