(This story is part of a series examining state ballot initiatives as well as key issues and races that voters will consider on Nov. 8.)
Maryland voters appear likely next month to approve the cultivation and sale of recreational marijuana, but state lawmakers must the pass legislation establishing a regulatory framework governing the new market.
Assuming the Nov. 8 ballot initiative passes, retail sales are expected to start in 2024 or 2025, with annual revenue likely totaling hundreds of millions of dollars soon after the market’s launch.
ADVERTISEMENT
Based on the legislation establishing the ballot initiative, any new market would be crafted with an emphasis on social equity and a diverse makeup of businesses and entrepreneurs.
The latest polling shows a majority of Maryland residents support adult-use marijuana legalization.
But Eugene Monroe, the Yes on 4 campaign chair, isn’t resting until the ballot question goes to voters on Nov.
Read full article on Marijuana Business Daily
