Maryland has one of the most promising state medical cannabis programs to date due to the number of qualifying conditions and the ability of out-of-state investors to participate. The process has been delayed due to a flood of applications, but the state is getting closer to awarding up to 15 cultivation licenses which will be followed later by the awarding of up to 15 processing licenses and 94 dispensary licenses. The Washington Post has obtained records that allowed it to identify all of the applicants and the investors involved in the groups, a total of almost 1000 individuals.
Most of the applicants have not revealed their plans publicly. The Washington Post included an easy-to-use tool to drill in on the applicants by name, political ties, law enforcement ties or ties to out-of-state cannabis companies. Publicly-traded Terra Tech (OTC: TRTC) applied through a subsidiary, MediFarm Maryland, LLC, and there are several well-known out-of-state players, like Columbia Care, Green Thumb Industries, MJardin, The Clinic, Revolution Enterprises and Vireo Health. Corey Barnette of District Growers in Washington D.C. has applied to cultivate, process and sell. The 150 applicants include former DEA agents and law enforcement officials as well as NFL player Eugene Monroe, who was recently released by the Baltimore Ravens. The list even includes a rabbi and a Baptist pastor.
Read Fenit Nirappil’s and Aaron Gregg’s “Growing medical marijuana could mean big business in Maryland. Here’s who wants in.”: http://wapo.st/mdpotgrowlicense
Get ahead of the crowd by signing up for 420 Investor, the largest & most comprehensive premium subscription service for cannabis traders and investors since 2013.