Maryland medical marijuana sales surpassing forecast

Medical marijuana sales in Maryland are surpassing a previous forecast and could reach $100 million this year.

The Baltimore Sun reports that medical marijuana sales totaled $67 million for the first nine months of 2018.

A market research firm predicted last year that the state’s sales in 2018 would be about $46 million. New Frontier Data Senior Economist Beau Whitney said sales could now hit $100 million in December.

State lawmakers have expressed concern that the state’s new medical marijuana industry could be dominated by a handful of big companies. Lawmakers approved legislation earlier this year aimed at improving diversity in the industry by increasing the number of grower licenses and licenses to process marijuana.

Oringal Article by 420intel

Victor MadrilComment