When Maryland lawmakers voted in April 2014 to authorize doctors to prescribe marijuana as medicine, Dr. Mark Schneyer moved quickly to seize the opportunity.
Convinced of the drug’s medicinal and market value, the Baltimore County ears-nose-and-throat physician set out to build a new business before the law took effect.
Weeks later, Schneyer flew to Denver to jump-start his education at a cannabis business conference. While there he bonded with a Minneapolis doctor and entrepreneur, Kyle Kingsley, over a shared desire to start companies in their home states and ingrain cannabis into standard medical practice.
Their friendship paid off — at first.
Kingsley’s company, Vireo Health, was one of the two firms approved by Minnesota to make and sell medical marijuana as of July 1, 2015. Two months later, Schneyer founded MaryMed LLC with Vireo…