Maryland Medical Cannabis News
New York-based marijuana multistate operator Ascend Wellness announced an agreement to acquire the Maryland assets of Devi Holdings in a cash-and-stock deal worth $19 million.
Marijuana multistate operator MariMed closed a $35 million secured credit facility to complete expansion projects in multiple states and pay off notes from a previous acquisition.
On his first full day in office, Maryland Gov. Wes Moore directed the state to spend $46.5 million to set up the recently legalized stateās adult-use cannabis marketplace.
Cannabis companies provided nearly all the money behind the five legalization initiatives in last November’s midterm elections, representing a dramatic shift from a decade ago when marijuana reform’s principal bankrollers were advocacy groups and wealthy individuals.
Opportunities in the U.S. cannabis industry continue to expand, despite some notable setbacks in the November 2022 elections and continuing resistance at the federal level to marijuana reform.
The medical marijuana industry in Maryland will be regulated by the state’s Alcohol and Tobacco Commission starting in 2023.
Populous urban areas once again provided a majority of the voters supporting marijuana legalization ballot initiatives during the November midterm elections, according to an analysis of state election results.
