After Adult Use Market Launch, Maryland Cannabis Sales Near $700M in 2023

After launching its adult-use market last year, Maryland cannabis retailers and dispensaries together have sold nearly $700M in products, according to a report from CBS Baltimore. According to the report, medical cannabis, which was already a thriving sector, saw an increase of over $200 million in just about five months. On the other hand, adult use sales rose to $270 million since stores opened.

In a statement to CBS, President of SunMed Growers Jake Van Wingerden highlighted the dramatic impact that adult use legalization has had on their business.

“Once legalization happened we were able to stabilize and a lot of our projections came true. […] We recently at SunMed gave the entire staff a 5-dollar-an-hour raise across the board. So, we were very excited to be able to reinvest back into our team and our people.”- Van Wingerden, to CBS

A portion of Maryland’s cannabis revenue is being redirected to benefit communities statewide. Consumers are charged a 9% tax at the point of sale, which, from July to September alone, amounted to over $12 million in taxes for adult-use cannabis. This is allocated across Maryland’s counties and infused into various funds dedicated to health, business, social equity, and the

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