Maryland’s cannabis regulator has awarded “pre-approval” for licenses to a total of eleven companies to diversify and expand Maryland’s medical cannabis industry.
The Maryland Medical Cannabis Commission or MMCC said it awarded Stage One preapproval for licensure to three cultivation companies and eight processing companies.
The approval of new licenses comes after state lawmakers passed a law in 2018 that required the state’s medical cannabis program to be more racially diverse as minorities were found to be at a disadvantage in the industry. All the first 15 cultivation permits issued by the state in 2018 were given to white-owned companies.
The new grower licenses will enable the three approved companies to grow medical cannabis in the state, while the processor licenses will enable the eight approved companies to process the plant into products that can be sold at retail dispensaries. All the new licensees are at least half-owned by female, minority or “disadvantaged”, the…