Maryland Cannabis

Cannabis company MariMed Inc. (NASDAQ:MRMD) released its Q3 2024 results on November 6, announcing revised guidance for the fiscal year. While the company expects an 18–20% decline in EBITDA – down from its prior projection of flat to 2% growth – it raised its sales guidance to a 6–8%...

BDSA‘s October 2024 data highlights Maryland as the fastest-growing state for cannabis sales, with a year-to-date (YTD) increase of 57.8%, totaling $942.2 million.  Maryland’s impressive performance within BDSA’s tracked markets cements its place as a key emerging state in...

Canopy Growth Corporation‘s (NASDAQ:CGC) strategy for capturing the U.S. cannabis market was the focal point of a recent fireside chat hosted by Zuanic & Associates. CEO David Klein and CFO Judy Hong provided insights into Canopy USA's (CUSA) growth strategy, financial projections and its...

The Maryland Department of Health has introduced the Cannabis Public Health Data Dashboard, a tool designed to track the impacts of adult-use cannabis legalization, which took effect in July 2023. This new resource provides data-driven insights into trends such as emergency department visits,...

The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX:CBSTF) (FSE: 3LP), a U.S. cannabis cultivator and retailer, announced Wednesday a new partnership with COAST Cannabis Co., a woman-owned cannabis edibles company. This collaboration will introduce COAST's award-winning infused chocolates...

In Zuanic & Associates' latest equity report, senior analyst Pablo Zuanic analyzes MariMed's (OTC:MRMD) performance across its core markets, with Illinois (IL) accounting for 40-45% of the company's sales.  Despite overall market stagnation, MariMed aims to boost growth through capacity...

AFC Gamma, Inc. (NASDAQ:AFCG) announced on Monday that it has committed and funded $41 million to a senior secured credit facility a vertically integrated cannabis operator in Maryland. The Florida-based company's move represents its second transaction with Story of Maryland, LLC. Daniel Neville,...

Maryland's cannabis market continues in an upward trajectory, with Q2 2024 tax revenue reaching $22.3 million, marking a 52% increase from the previous quarter. The impressive growth reflects the increase in the adult-use market, which became legal last summer under the Cannabis Reform Act, which...

Marijuana sales hit record highs in six U.S. states in August, as surging demand for adult-use cannabis led to unprecedented revenue across several regions. As Marijuana Moment reported, states that broke their sales records include Connecticut, Maine, Maryland, Michigan, Missouri and New York,...

Maryland’s Cannabis Chief To Resign Amidst Record-Breaking $1.1B Cannabis Sales Maryland transitioned to an adult-use cannabis market a little over a year ago. Led by the state's Cannabis Administration Director, Will Tilburg, the transition resulted in the state’s legal cannabis sales...

A Maryland cannabis company was recently hit with an $8,000 fine for advertising at a music festival and for sponsoring a 5K race, neither of which were age-restricted, reported The Baltimore Sun. Curio Wellness, a Baltimore County company, violated state law as it operated a canopy at 2023's Hot...

Ocean City, Maryland, has lifted its ban on cannabis dispensaries following a unanimous vote by the town council on Monday night. This decision ends a moratorium that had been in place since recreational cannabis was legalized in Maryland in July of 2023. This small resort town, with a population...

The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX:CBSTF) (FSE: 3LP) announced the debut of the minority-owned baked goods and infused edibles company, ButACake in Maryland. The expansion of the collaboration, which dates back to April of 2023, includes the launch of ButACake's oral...

While most cannabis beverages currently on the market offer lower THC content, typically in 5mg or 10mg doses, the demand for more potent options could carve out a lucrative segment. Brendan Mitchel-Chesebro, senior analyst at BDSA, noted that while beverages generally have a lower retail price...

Quarterly earnings will highlight efficient operators' growing market share and building sustainable platforms. Pablo Zuanic, senior analyst at Zuanic & Associates, provides an overview of the cannabis market trends in key states ahead of the second quarter earnings season. Zuanic...