Recreational cannabis sales show no signs of slowing down in Maryland. They reached $92 million in August, up from the previous month, and state officials believe they will continue to increase in excess of a billion dollars by 2025. This trajectory shows cannabis has tremendous potential to help drive the state’s economy through job creation and by injecting revenue into neighborhoods. Also, as we’ve seen in other states, the tax revenue from cannabis can be immensely beneficial for community investment, education programs, and social services.
What Maryland needs to know about cannabis company valuations
October 9, 2023