Maryland Adult-Use Marijuana Sales Set Another New Monthly Record In November - Read of Green
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Maryland Adult-Use Marijuana Sales Set Another New Monthly Record In November

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Source: Marijuana Moment

Sales of adult-use marijuana in Maryland totaled nearly $56 million in November, yet again setting a consecutive record for monthly commercial cannabis activity since the recreational market opened in July.

Legal marijuana sales overall across the state dropped slightly last month, however, totaling roughly $89.7 million, including $33.7 million in medical marijuana receipts. That’s down from a total of about $90 million in October, and about $2 million less than August’s record overall high of $91.7 million.

The latest figures, released this week by the Maryland Cannabis Administration (MCA), also include a breakdown of sales by product category. Just more than half the total amount for November came from sales of “buds” ($48.8 million), followed by concentrate ($21.0 million), infused edibles ($5.3 million), infused non-edible products ($2.9 million) and shake or trim ($542,000). Customers also spent about $10,500 on cannabis plants.

As the state’s adult-use market continues to get off the ground, state regulators last month officially opened the first round of applications for new adult-use marijuana dispensary, cultivation and processing licenses that were reserved exclusively for social equity businesses.

The licensing round, which closed on Tuesday, includes 75 dispensary, 16 grower and 32 processor licenses and will eventually more than double the number of legal retailers in the state. Currently only existing medical marijuana dispensaries that converted to dual licenses are serving adult consumers.

There are caps on the number of licenses that can be awarded per region, with 11 standard dispensary licenses available in Baltimore City, compared to one in Worcester, for example.

MCA previously unveiled an online portal in September that allows people to check their eligibility for a social equity marijuana business license.

In October, MCA issued guidance to existing marijuana operators meant to help minimize the risk of burglaries and other crimes at licensed cannabis businesses amid what they said was an uptick in thefts targeting dispensaries across the state.

A Maryland tax official said earlier this year that the state had to find an unusual workaround with Wells Fargo in order to avoid clearly identifying marijuana tax revenue on financial forms—a policy that prohibitionists subsequently asked a federal prosecutor to investigate.

A separate Maryland law also took effect in July that prevents police from using the odor or possession of marijuana alone as the basis of a search. And another law that went into force making it so the lawful and responsible use of cannabis by parents and guardians cannot be construed by state officials as child “neglect.”

Republican lawmakers, however, are already aiming to undo the law that prevents police from stopping or searching people and vehicles based on the smell of marijuana, claiming the measure has put motorists at risk and taken away an important tool used by law enforcement to seize people’s firearms.

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Photo courtesy of Chris Wallis // Side Pocket Images.

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