Maryland has legalized the sale of edible medical marijuana products, which likely will provide a substantial revenue boost to MMJ businesses in the fast-growing market.
It would also open new business opportunities for edibles manufacturers.
Maryland Gov. Larry Hogan, a Republican, signed the provision into law on Monday, along with a marijuana-related, antitrust bill. State lawmakers had passed both bills in April.
Here are other important provisions in the two new laws:
- An individual may own up to four MMJ dispensaries.
- State regulators may not issue more than one grower or one processing license to each applicant.
- Research institutions such as universities will be allowed to purchase medical cannabis for research. The provision was part of the marijuana edibles bill.
Maryland’s MMJ market launched in late 2017. Sales hit almost $110 million in 2018 and reached around $49 million in the first three months of 2019, according to state figures.
