The Maryland medical cannabis market is flourishing. Annual sales have reached almost half a billion dollars with continued growth expected. The state is under intense pressure to legalize recreationally.
Medical Use: Yes
Adult Use: No
There is great market potential in Maryland for those looking to start a retail, manufacturing and testing lab cannabis business.
The annual licensing fees in Maryland are expensive.
There are 92 dispensaries per capita in Maryland. Competition is rather high.
Maryland Cannabis Details
622.5 sq. miles
2020 Medical Sales
2022 Projected Medical Sales
2020 Adult Use Sales
2022 Projected Adult Use Sales
Maryland Medical Cannabis Commission
# of Dispensaries (allowed/issued)
2 per senatorial district
# of Cultivators (allowed/issued)
# of Manufacturers (allowed/issued)
# of Testing Labs (allowed/issued)
Has been proposed
Combined Tax Rate
Retail Sales Tax
Local Sales Tax
State Sales Tax
Licensing Fees (per year)
*Varies based on gross revenue