Maryland medical marijuana sales surpasses expectations, could reach $100M
BALTIMORE (AP) - Medical marijuana sales in Maryland are surpassing a previous forecast and could reach $100 million this year.
The Baltimore Sun reports that medical marijuana sales totaled $67 million for the first nine months of 2018.
A market research firm predicted last year that the state's sales in 2018 would be about $46 million. New Frontier Data Senior Economist Beau Whitney said sales could now hit $100 million in December.
State lawmakers have expressed concern that the state's new medical marijuana industry could be dominated by a handful of big companies. Lawmakers approved legislation earlier this year aimed at improving diversity in the industry by increasing the number of grower licenses and licenses to process marijuana.