The sales of marijuana for adult use in Maryland reached nearly $56 millions in November. This is yet another record monthly cannabis activity, since opened the recreational market in July.
The total legal marijuana sales in Maryland dropped to $89.7 millions last month. This includes $33.7 million of medical marijuana receipts. This is down from the $90 millions in October and less than $2 million of August’s overall record high of $91.7 Million.
The Maryland Cannabis Administration released the latest figures , which include sales breakdowns by product categories. Only slightly more than half of the November total came from “buds”, which accounted for 48.8 million dollars. Concentrate ($21.0) was next, followed by infused edibles (5.3 million), non-edible infused products ($2.9 millions), and shakes or trim (542 thousand). About $10,500 was spent by customers on cannabis plants.
The state’s adult use market is still in its early stages. State regulators opened last month the first application round for new adult marijuana dispensaries, cultivation, and processing licenses, which were exclusively reserved for social equity businesses.
The licensing round that closed on Tuesday includes 75 dispensary licenses, 16 grower licenses, and 32 processor licences. This will ultimately more than double the legal number of retailers in the State. Only existing medical marijuana dispensaries with dual licenses currently serve adult consumers.
There are limits on the number licenses per region. For example, there can only be 11 licenses for standard dispensaries in Baltimore City compared to just one in Worcester.
MCA launched an online portal in September to allow people to check their qualification for a Social Equity Marijuana Business License.
MCA released guidance in October to help minimize the risk for burglaries and other criminal activity at licensed cannabis businesses, amid an increase they claimed of thefts from dispensaries throughout the state.
A Maryland tax official stated earlier this year that to avoid clearly identifying the marijuana tax revenue on financial documents, the state needed to find a workaround with Wells Fargo. Prohibitionists then asked a federal prosecutor to investigate .
In July , a separate Maryland law went into effect that prohibits police from searching based solely on the smell or possession of marijuana. Another law was passed that prohibits state officials from construing the legal and responsible use by parents and guardians of cannabis as “neglect.”
Republican lawmakers are , however, already aiming to repeal the law prohibiting police from stopping and searching people or vehicles based solely on the smell marijuana. They claim that the measure puts motorists in danger and takes away a tool important to law enforcement for seizing people’s guns.
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Photo by Chris Wallis // Side Pocket Images.
The post Maryland Adult Use Marijuana Sets Another Monthly Record in November first appeared on Marijuana Moment.
