Marijuana Business Daily

Maryland’s high demand market undermined by restrictions, delays

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The rollout of Maryland’s social equity cannabis program has faced significant delays, with none of the businesses open nearly a year after they were awarded licenses.

Part of the issue is that it’s difficult to attract investors to a business and challenging to find real estate.

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Maryland’s cannabis regulations require that the original social equity applicant retain 51% ownership in the company. A separate social equity partner can own 14% of the company, leaving just 35% for a non-social equity investor.

Further complicating matters is that the original social equity licensee must hold the license for five years, a measure taken after witnessing social equity applicants in other states flipping their licenses soon after they were awarded.

“It can be challenging to entice

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