Potential for Large Patient Pool, Hefty Profits Offsets Onerous Fees in Maryland

By Omar Sacribey

Some of the highest fees in the medical marijuana industry did little to deter scores of entrepreneurs from applying for business licenses in Maryland, suggesting that the state could become one of the most lucrative MMJ markets in the country.

Maryland’s Medical Cannabis Commission received roughly 350 applications by the Nov. 6 submission deadline for licenses to cultivate, process or dispense medical marijuana. The state will release the official full tally later this…