Maryland Legalizes Cannabis. How Can Growers Stay Profitable?
Recreational cannabis in Maryland is set to become legal on July 1, 2023. This represents a huge opportunity for growers interested in reducing their operating costs, sustainability, and racking up free money for energy-smart upgrades. Interested to learn more about how you can stay cost-competitive? Image credit: Crabcakes & Cannabis The State of Maryland’s Cannabis Market Medical cannabis has been legal in Maryland since 2014, when Maryland’s medical marijuana program was passed by the General Assembly. Although it took five years for state dispensaries to open, growth has been relatively steady with a peak during the pandemic. State regulators estimate that Maryland’s medical cannabis industry generated $517 million in revenue in 2022 and $557 million in 2021. Even though maturing cannabis markets typically see a decrease in prices (which may…