How much is a dispensary worth? A Cumberland deal gives a clue.

How much is a Maryland medical dispensary license worth? One deal in Cumberland might give a clue into the value of a license now that legal recreational use is on the horizon. TerrAscend, a Canadian company with operations in multiple states, purchased 100% of the equity of Allegany Medical Marijuana Dispensary for $10 million late last month. The real estate of the dispensary is not included in the deal. Instead, TerrAscend is entering into a long-term lease, with the option to eventually purchase Allegany Medical Marijuana Dispensary’s location at 100 Beall St. in Cumberland. The dispensary generated net revenues in excess of $8 million in 2022, according to a release.