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Maryland announces new funding round for cannabis business assistance

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Governor Wes Moore announced a new round of funding through the Maryland Department of Commerce's Cannabis Business Assistance Fund.This marks the fourth finan
The Maryland Department of Commerce has announced a new round of funding for the Cannabis Business Assistance Fund, aimed at supporting social equity licensees in the state's cannabis industry. This initiative, part of the broader Cannabis Reform, provides grants to help cover startup costs, such as rent, equipment, and other essential expenses. The fund, which has already distributed over $1.3 million to 76 businesses, is designed to promote economic growth and equity within the cannabis sector. Applications for the latest round of funding are open until September 30, 2023, and eligible businesses are encouraged to apply to secure financial support for their operations.

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