Maryland Prepares to Issue Licenses to MMJ Industry
Thomas Mitchell
September 29th, 2015
Policy, Top News
Maryland’s medical marijuana laws are finally on the cusp of implementation two and a half years after being passed. According to the Washington Post, the Maryland Medical Cannabis Commission is ready to issue business licenses to medical marijuana dispensaries and cultivation centers, prompting a range of reactions from public officials.
The state’s regulations will permit 94 dispensaries and 15 growing facilities designed to generate pills and oils and provide them to the public. This month, the Maryland Medical Cannabis Commission will start accepting applications, while potential applicants are meeting with government officials across the state. Applicants are especially concentrated in western and central areas where land is cheaper and more available.
Currently, only teaching hospitals like Johns Hopkins University are permitted to distribute medical marijuana, but no hospitals have been willing to participate. These dynamics have left thousands of medical marijuana patients without access to much-needed medicine.
Cannabis advocates believe that these new dispensaries and growing facilities would create both jobs and economic opportunities in the state. According to one growing and processing facility, would-be owners have indicated that the company could create 124 jobs and contribute millions to the local economy.
In the end, the state’s medical marijuana progress is something that should be commended and patients could soon see medicine available by next year.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Thomas Mitchell
Mr. Mitchell has over a decade of experience in the financial markets as both a private investor and financial journalist.
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