How Do I Open a Dispensary in Maryland?

The process to open a dispensary in Maryland involves the following steps:

Obtaining a License from the Commission: Familiarize yourself with Maryland’s regulations, gather necessary documents, and develop a solid business plan.
Application Process: Submit an application fee, provide the dispensary’s legal name and address, and list principal officers and directors.
Dispensary Licensing: Understand the application process, security requirements, and limitations on the number of licenses in Maryland.

Legislation and Approval: Maryland recently legalized cannabis for recreational use, but more regulations are needed. The cannabis industry is set to grow rapidly in the state.
Market Changes: Learn about the transition from medical to recreational dispensaries and the potential slow start for new recreational dispensaries in Maryland.

Cost Breakdown: The cost of opening a dispensary in Maryland includes application fees, licensing fees, initial build-out expenses, and annual maintenance fees.
Licensing Fees: The application fee for a dispensary license in Maryland is $1000 for stage 1, $4000 for stage 2, and an annual license fee of $40,000 once granted.
Local Authorization: Approval from the city and the landlord is necessary, and dispensaries must be at least 500 feet away from religious institutions or schools.
Customer Age Requirements: Patients aged 18 and above can apply for a medical marijuana card in Maryland.

For more detailed information on costs, licensing fees, and profitability, continue reading below.