On May 3, Maryland Governor Wes Moore signed legislation to implement the voter-approved legalization measure that passed in the November 2022 election. The General Assembly’s legislation provides guidelines for Maryland’s adult-use cannabis industry, which will be launched on July 1, 2023. The bill includes provisions that address social equity, criminal justice reform, and public health.

According to Cannabis Business Times, the legislation includes provisions for automatic expungement of certain cannabis-related offenses, prioritizing licenses for minority-owned businesses and individuals harmed by the war on drugs, and ensuring that the cannabis industry provides benefits to the communities most affected by prohibition. The bill also establishes a tax structure for adult-use cannabis sales, with the revenue being used for public education and other initiatives.

The implementation of Maryland’s adult-use cannabis market is expected to bring economic benefits to the state, including increased tax revenue and job creation. It is estimated that the market could generate over $200 million in annual tax revenue and create thousands of jobs.

With the legalization of adult-use cannabis, Maryland joins a growing list of states that have legalized cannabis for recreational use, including Colorado, California, and Massachusetts. The legalization of cannabis for recreational use is a significant milestone in the cannabis industry, as it indicates a shift in public opinion towards the acceptance of cannabis as a legitimate and valuable industry.

The implementation of Maryland’s adult-use cannabis market is an exciting development for cannabis enthusiasts, entrepreneurs, and investors in the state. It is expected to create new business opportunities, provide relief to those who have been disproportionately impacted by prohibition, and further advance the acceptance and normalization of cannabis use in society.

EXPLORE MORE NEWS

Major Corporations Investing in Cannabis

As cannabis legalization continues to spread across the country, major corporations are increasingly taking notice and investing in the industry. In April of 2023, a major beverage company announced a $100 million investment in a cannabis-infused drink startup, signaling the growing trend of large corporations entering the cannabis space.

Here is a map of all the cannabis stores in Massachusetts 2023

In 2016, Massachusetts made a historic leap by legalizing cannabis for both medical and recreational use. Since then, the state has seen a flourishing cannabis industry that continues to evolve. As we step into 2023, it’s the perfect time to take stock of the cannabis landscape in Massachusetts. In this article, we’ll explore the status of cannabis legalization, delve into the regulations and laws that govern the industry, and provide a detailed map of cannabis shops in the state.

Yes Cannabis Publicly Launches TexMed App: Your Gateway to the Texas Medical Cannabis Market

In a significant stride towards enhancing access to medical cannabis information and services, YesCannabis has proudly launched the TexMed App. Designed with the Texas community in mind, this groundbreaking application is poised to become the go-to resource for anyone seeking information, education, and support within the Texas Medical Cannabis Market.

Revolutionary Shift: US Health Department Proposes Reclassifying Marijuana from Schedule I to Schedule III

In a groundbreaking move that has the potential to reshape the landscape of cannabis regulations, the U.S. Department of Health and Human Services (HHS) has taken a bold step by formally recommending the reclassification of marijuana from Schedule I to Schedule III under federal law. This historic decision signifies a seismic shift in perspective, indicating that the nation’s premier health agency no longer views cannabis as a substance with high abuse potential and zero medical value.

Newsletter