Maryland marijuana retailers sold nearly $21 million in medical and recreational cannabis products combined in the state’s first week of adult-use sales.
“The opening weekend was about $10 million, and $5 million of that was on the first day alone,” Andrew Garrison, the chief of policy and government affairs for the Maryland Cannabis Administration, told Salisbury TV station WMDT.
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“That’s pretty consistent with what we see in other states.”
The 2023 MJBiz Factbook forecasts that recreational cannabis sales in Maryland could reach $275 million this year and $2.1 billion by 2027.
Marylanders voted to legalize recreational cannabis last November.
Lawmakers then raced to pass adult-use implementation regulations by July 1, when legislation would take effect.
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Meanwhile, the state’s Department of Commerce is inviting social equity licensees to apply for funding through its Cannabis Business Assistance Fund.
To qualify, applicants must have been
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