After years of explosive growth, Maryland’s medical cannabis industry appears to be cooling off.
According to data from state regulators, the number of medical cannabis patients in Maryland has been growing at its slowest ratesince the program kicked off sales in 2017.
Remedy Dispensary is a regulated medical cannabis shop off Security Boulevard. (Karl Merton Ferron/The Baltimore Sun)
Will Tilburg, executive director of the Maryland Medical Cannabis Commission, or MMCC, acknowledged the slowdown in patient growth, but said it’s part of the industry’s natural course.
In 2021, state regulators reported that industry revenue hit about $600 million. Jake Van Wingerden, head of the Maryland Wholesale Medical Cannabis Trade Association, said that number is expected to more than triple to $2 billion whenever Maryland establishes an adult-use industry.
Click here to read the rest of the article written by Giacomo Bologna over at The Baltimore Sun
