• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Maryland law allowing recreational marijuana takes effect
Economy

Maryland law allowing recreational marijuana takes effect

by July 2, 2023
by July 2, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Recreational marijuana use became legal for adults in Maryland on Saturday, allowing residents 21 and older to purchase, use, possess and cultivate limited quantities of the substance.

Maryland residents voted for recreational cannabis use in a referendum in November’s election. Democrat Governor Wes Moore signed the Cannabis Reform Act into law in May.

Under the law, adults 21 and older will be allowed to grow up to two plants for their personal use and can possess up to 1.5 ounces of cannabis, which will be taxed at 9%, Fox 5 DC reported. Growing cannabis plants previously prompted legal consequences. But this new law lifted that restriction.

While the law now allows residents to buy, use and possess cannabis, its usage is limited to private residences, Maryland Cannabis Administration deputy director Dawn Berkowitz told WJZ. This means public smoking is still not permitted.

‘The purchase limit is the same as the possession limit for personal use. That includes up to 1.5 ounces of cannabis flower, 12 grams of concentrated cannabis or up to 750 mg of THC,’ Berkowitz said.

Possessing more than 1.5 but less than 2.5 ounces of cannabis could lead to civil fines and possession of more than 2.5 ounces could be considered an intent to distribute that could result in criminal charges, according to Berkowitz.

Convictions for marijuana-related crimes that were made legal under the new law will automatically be expunged, and those serving time for these offenses will be eligible for resentencing. People who were convicted of possession with the intent to distribute can petition the courts for expungement three years after finishing their sentences.

The state will also now permit companies to serve medical cannabis to customers. Nearly 100 dispensaries have been approved by state regulators to convert to dual licensees that will be permitted to serve patients and adult consumers under last year’s ballot measure.

‘We have been thinking for a long time that Americans across the country are going to choose cannabis, and we see 6 million people in Maryland, and we know it’s going to be a large business here,’ Ben Kovler, CEO and Founder of Green Thumb and RISE Dispensary, told Fox 5 DC.

The Maryland Cannabis Administration said last week that it approved 42 cultivators and manufacturers.

‘The Maryland Cannabis Administration, in collaboration with our industry partners, is excited to offer safer, legal, tested cannabis to adults in Maryland beginning on July 1,’ Maryland Cannabis Administration acting director Will Tilburg said in a press release. ‘We encourage adults to be informed about both the parameters of the new law and about safe and responsible cannabis consumption.’

Maryland joins more than 20 other states to legalize recreational marijuana for adults.

‘We are writing a new chapter in the story of cannabis in America. One that will lift communities harmed by criminalization and build a more competitive and more equitable economy,’ Moore said in a tweet on Saturday.

Cannabis is still illegal at the federal level and is prohibited in government buildings and other federal properties.

<!–>

This post appeared first on FOX NEWS

–>

You Might Also Like
  • Dems disagree on whether party has antisemitism problem
  • Senate Republicans cite ‘Sound of Freedom’ to demand hearings on human trafficking, Biden’s border policies
  • Pro-life conservatives are ‘disappointed’ in Trump’s new abortion policy, but stick by him: ‘Only one option’
  • Joe Rogan slams China-funded Biden think tank where classified documents were found
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Record-high number of 40-year-olds in US have never been married, study finds
next post
The First Half of 2023 Was Very Bullish, But What Should We Expect in the Second Half?

You may also like

Philippines, China spat escalates over ‘misguided’ South China Sea claims...

March 19, 2024

S&P 500 and Nasdaq: New Targets and Prices for Wednesday

October 9, 2024

Democrats say polling is ‘useless’ as Trump pulls ahead of...

December 21, 2023

Biden to create new federal office for gun violence prevention:...

September 20, 2023

AOC, ‘baby girl’ Marjorie Taylor Greene trade barbs in fiery...

May 17, 2024

Crypto Needs Less Regulation, Not More

December 5, 2022

Biden speaks at White House Pride event: ‘Bravest and most...

June 11, 2023

US, Israel unsure how many Hamas hostages are ‘still alive,’...

November 13, 2023

Supreme Court wary of obstruction charge used against some Jan...

April 17, 2024

North Carolina Republicans closing in on state budget that will...

August 1, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

      June 20, 2025
    • Nike pushes back Skims launch with Kim Kardashian due to production delays

      June 19, 2025
    • The Fed Is Getting It Wrong AGAIN As They Hold Rates Steady

      June 19, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,599 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,874 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,578 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,541 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,417 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Oil prices rise more than 1% as Israel vows to...

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New...

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year,...

      June 20, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    ‘Is this a joke?’: Rashida Tlaib...

    August 13, 2024

    JD Vance campaigns in Philly on...

    August 19, 2024

    Former anti-Trump Rep. Adam Kinzinger removes...

    January 17, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here