Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 90 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. BUSINESS TAXES & FEES Application Fees With the exception of testing labs, application fees are applied in two stages. Every applicant that applies for a business license is required to pay the Stage One application fee, while Stage Two application fees apply only to preapproved companies working through Stage Two processes, such as background checks and financial due diligence investigations. Dispensaries: $5,000 total (Stage One: $1,000; Stage Two: $4,000) Cultivators: $6,000 total (Stage One: $2,000; Stage Two: $4,000) Cultivator/Dispensary: $11,000 total (Stage One: $3,000; Stage Two: $8,000) Processor: $6,000 total (Stage One: $2,000; Stage Two: $4,000) Testing lab: $100 License Fees Dispensary: $40,000 each year (new licenses good for four years, renewals for two years) Cultivator: $125,000 (renewed annually) Cultivator/Dispensary: $165,000 (renewed annually) Processor: $40,000 each year (new licenses good for four years, renewals for two years) Testing lab: $100 (registration valid for two years) Change in ownership or location Dispensaries, Cultivators and Processors: $7,000 State tax requirements MMJ is exempt from sales tax because it is medicine, but a 6% sales tax applies to devices and accessories State tax collections in 2018 Not available MARYLAND Medical continued