Md. medical marijuana companies must convert licenses to recreational cannabis market. A new fund could help.

Maryland is preparing to dole out funding to help medical marijuana operators comply with the state’s transition to a recreational cannabis market in July, while also ensuring equity in the industry. The Maryland Department of Commerce has opened applications for its Cannabis Business Assistance Fund, which over the coming months will administer grants and loans to operators in the space, including those led by underrepresented entrepreneurs, according to the agency.