Cannabuzz: Six-license limit per investor proposed for Maryland med-pot dispensaries

By Van Smith

Baltimore, Feb. 4, 2019

Baltimore County Republican state Sen. Chris West (42nd District) has proposed clarifying the law of Maryland medical-marijuana dispensary licenses to allow investors to hold interests in up to six dispensaries each.

Currently, the legislative intent of the dispensary-licensure regulations is to limit investors to one dispensary  license only, as previously reported by Doug Donovan of the Baltimore Sun, but national firms that have already invested in multiple Maryland dispensaries have argued that restriction applies only during the application process.

West’s proposal would settle the debate in favor of the national chains rather than force divestments from existing dispensary-management agreements that have taken force since the legal loophole was found and exploited.

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