"Record-Breaking Month: Maryland's Recreational Marijuana Sales Soar to $87.4 Million"
Maryland saw a successful first month of recreational cannabis sales, with users spending over $87 million on cannabis products. The state outperformed other states like New Jersey and New Mexico in terms of sales. The launch of the adult-use market in Maryland went smoothly, thanks to a well-established regulatory structure. Flower products accounted for the majority of sales, followed by concentrates and edibles. Industry leaders credit the state's low tax rate and regulated suppliers for keeping prices competitive with the black market. However, Maryland still faces challenges in achieving social justice and equity goals, particularly in increasing diversity in the industry. Efforts to prioritize minority business owners have fallen short, and the state aims to address this in the next round of recreational licenses.
