MD Nears 100 Dispensaries: Weed Industry Budding After Legalization
Maryland will soon license its 100th dispensary. Here's how the weed industry is budding, 8 months after recreational use was legalized.
Maryland will soon license its 100th cannabis dispensary. Here's how the weed industry is budding, eight months after recreational use was legalized by the state's voters. (Jacob Baumgart/Patch)
MARYLAND — The state of Maryland is preparing to license its next round of dispensaries. This signals further growth for an industry that's boomed since recreational marijuana was legalized on July 1, 2023.
The state has 96 dispensaries, which are listed at the bottom of this story.
Maryland officials are in the process of awarding another 83 dispensary licenses. Seventy-five will be standard dispensaries, and eight will be micro, delivery-only dispensaries. The state will also award licenses for 40 growers (16 standard and 24 micro) and 56 processors (32 standard and 24 micro).
Maryland received 1,708 applications for these 179 available licenses by the December 2023 deadline. A lottery will now distribute the licenses.
This announcement is another step forward in fulfilling Maryland’s commitment to building an equitable and inclusive cannabis industry," Maryland Cannabis Administration Acting Director Will Tilburg said in a September 2023 press release announcing the application window. "This application round will more than double the number of cannabis businesses in the State, and each award will be to a verified social equity applicant."
Recreational marijuana started with a bang and has continued to scale ever since.
Gold Leaf, an Annapolis dispensary, said business is booming.
"We are seeing a large influx of new adult-use customers," Michael Tese, Gold Leaf's senior vice president of retail, told Patch in a July 2023 interview. "As word spreads, we're going to continue to see more and more people realizing that it's legal and coming to the store. … Business has more than doubled."
Customers bought nearly $3.6 million worth of recreational marijuana the first day it was legalized for residents 21 and up.
Maryland dispensaries then sold nearly $332 million of recreational marijuana in the first six months. Recreational cannabis revenue has increased every month since legalization.
Recreational pot is taxed at 9 percent, the same rate as alcohol. The first day of recreational sales generated nearly $30 million in tax revenue for the state.
Roughly 887,000 recreational weed transactions were reported in December 2023, the most recent month with data. That's 123,000 more sales than the first month of legalization.
Panacea Wellness, another Annapolis dispensary, said "the switch hasn’t been that crazy."
Panacea General Manager Chris Harvey has noticed the "excitement on the face of the first-time rec patients." These customers usually have bought marijuana elsewhere, but they're just eager to have a legal market in their home state.
"The excitement for them is just the fact that it's here in Maryland, not necessarily that recreational cannabis is now legal," Harvey told Patch in our July 2023 interview. "Whether it's med or rec, there's a lot of states where you can access cannabis."
This surge of recreational customers has come at the cost of medical sales.
Medical cannabis transactions have fallen by 16 percent since legal recreational use began.
There were 465,000 medical transactions in July 2023. That fell by 74,000 to 391,000 medical transactions in December 2023.
Total medical cannabis revenue is also down by $1.4 million since July 2023. There were still $35 million in medical sales in December 2023.
Here are all the dispensaries in Maryland. To see them on a map, click here.
The Apothecarium Dispensary (100 Beall Street Cumberland Maryland 21502)
Grow West (1096 West Industrial Blvd. Cumberland Maryland 21502)