MARYLAND – It’s been six months since the state of Maryland legalized recreational cannabis use, and sales continue to increase.
The Maryland Cannabis Administration says the state has made nearly $700 million in one year from cannabis sales.
More than $200 million of that is from medical use sales. $270 million is from adult-use sales. Customers who buy recreational marijuana pay 9% in taxes. In just three months, Maryland collected more than $12 million in taxes. Those taxes funnel into Maryland counties and several funds related to health and the state’s general fund.
75 dispensary licenses will be handed out across the state this year to provide for more legal retailers.
Contact our news desk at news@thebaynet.com
Just what we need running around, a bunch of pot heads
Great Post! The increase in cannabis sales in Maryland brings both opportunities and challenges. Supporters emphasize economic benefits, job creation, and the potential for harm reduction through regulated markets. Critics, on the other hand, may raise concerns about public health, regulatory issues, and the broader societal impact of increased cannabis consumption. Balancing these perspectives is crucial for responsible and effective cannabis industry management.