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More Maryland Medical Marijuana Firms Approved as Industry Continues to Grow

The state added eight new dispensaries in late July.

Maryland Baltimore

The final approval of eight new medical marijuana dispensaries on Thursday increased the size of Maryland’s retail market to 65 stores, more than halfway toward the 102 that have obtained pre-approval.

“We are making progress,” said Joy A. Strand, executive director of the Maryland Medical Cannabis Commission, at the panel’s Thursday meeting.

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Revenue from dispensaries hit nearly $9 million in June, up from $2.6 million in January. Total sales for the past eight months stood at nearly $45 million.

The number of patients certified to obtain medical marijuana in Maryland jumped 27 percent — to 35,019 from 27,585 at the end of May.

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Top photo courtesy of Adobe Stock

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