A cannabis license in Maryland is required to operate a medical cannabis business within the state. So, medical marijuana is currently legal in Maryland, but we may see an adult-use market in the future. Based on extensive Quantum 9 research from our cannabis consultants in Maryland, medical cannabis patient-user adoption rates can range between 1.5-2.1% of the total population of any state. Below are some general user adoption numbers from current medical marijuana states.
Disclaimer: California patient registry is voluntary and the current legal registry number total 76,431. However, Colorado and Washington have allowed an adult-use/ recreational cannabis market reducing the number of medical marijuana patients in the height of their respective patient population.
In the emerging states, a limited number of illnesses and conditions reduce the total patient population. Below are the most recent medical marijuana states and their respective number of ailments and conditions.
Medical Cannabis Illness and Conditions by State
- Maryland: 9
- Minnesota: 13
- New York: 16
- Illinois: 40
- Florida: 3
- Michigan: 15
Maryland User Adoption Numbers
To begin with, a conservative estimate of the Maryland medical patient population using a 1.2% total population user adoption rate equates to 71,712. Additionally, the potential medical cannabis market size in Maryland could be as high as 5.976 million due to provisions within the draft regulations stating that:
“C. A physician may be registered as a certifying physician to treat a patient who has a condition that is: (1) Severe; (2) For which other medical treatments have been ineffective; and (3) If the symptoms reasonably can be expected to be relieved by the medical use of Cannabis.”
A cannabis license in Maryland is required for you to operate a cannabis business within the state.
Also, this progressive insertion by the commission to allow physicians the discretion to write certifications makes the potential patient population the entire population of Maryland. In addition, the law even allows for the ability for patients under the age of eighteen (18) to access medicine via a caregiver. Additionally, for those physicians that are worried about jeopardizing their medical license, the law outlines specific illnesses and symptoms cannabis can be prescribed for.
“Have a chronic or debilitating disease or medical condition that results in the patient being admitted into hospice or receiving palliative care.” So, based on figures from the National Hospice and Palliative Care Organization a case could be made that an estimated 516,759 patients live in Maryland with hospice or receiving palliative care needs.
Current Medical Marijuana Market in Maryland
Currently, Maryland has 18 growers and 82 dispensaries within the state. Additionally, over 500 health-care providers can approve patients for medical marijuana cards. Lastly, there are currently 70,000 registered medical marijuana patients in Maryland.
As you can see, the market for medical marijuana in Maryland is large. With that, a cannabis license in Maryland allows you to sell medical marijuana to qualified patients. We can expect a recreational market within Maryland to be incredibly successful.
A medical marijuana license in Maryland allows an easier transition to the recreational market once it is legal. Contact our cannabis consultants in Maryland for more information about an application for a business license.
Below is the list of conditions and ailments outlined in the Draft Regulations.
(a) Cachexia;
(b) Anorexia;
(c) Wasting syndrome;
(d) Severe or chronic pain;
(e) Severe nausea;
(f) Seizures; or
(g) Severe or persistent muscle spasms;
(3) Have the following diseases and conditions:
(a) Glaucoma; or
(b) Lastly, Post-traumatic stress disorder (PTSD).
Also, if you intend to use these numbers within a Pro Forma Quantum 9 provides Cannabis Consulting to help outline the following:
- Assumptions
- Profit & Loss Projections
- Statement of Cash Flows
- Balance Sheet
- Sales Projections
- Supply Projections
- Staffing Projections
- Market Projections
- Lastly, a Return On Investment Analysis
Adult-Use Cannabis License in Maryland
Also, an adult-use cannabis bill in Maryland taxes and regulates cannabis sales. Additionally, the bill addresses socio-economic and criminal justice inequities within Black and Brown communities. Lastly, this bill decriminalized the possession of under four ounces of cannabis by adults 21 years or older. Also, adults 21 and older can legally possess up to 2 ounces.
As always, if you have any questions about cannabis licenses in Maryland contact our cannabis consultants for more information on the application process.
About Quantum 9 and Cannabis Licenses in Maryland
Finally,Quantum 9 has amassed an incredible team of cannabis consultants in Maryland to guide clients from medical cannabis license acquisition to medicinal sale. Additionally, Quantum 9 focuses on helping patients access quality medicine from reputable organizations. That effort starts with helping companies acquire permits to cultivate, manufacture and dispense cannabis. Lastly, if you are in the process of submitting an application to the Maryland Medical Cannabis Commission let Quantum 9 help in the process so that you can win a cannabis license in Maryland.
Also, Quantum 9 services the following cities within the Maryland market: Baltimore, Annapolis, Columbia, Germantown, Silver Springs, and Waldorf.
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