Cannabis Shops Are Selling Like Crazy One Year After Legalization In Maryland, But Black Market Persists
Portfolio Pulse from Juan Spínelli
More than a year after Maryland legalized recreational cannabis, the state's illicit market remains active despite the commercial success of licensed dispensaries. Maryland's low tax rate and strategic timing have helped legal sales soar, but competition from unlicensed hemp retailers and persistent illegal sales pose challenges.
July 30, 2024 | 4:45 pm
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Verano Holdings faces competition from unlicensed hemp retailers despite the success of Maryland's legal cannabis market. The persistence of the illicit market poses a threat to consumer safety and the stability of the legal market.
Verano Holdings is directly impacted by the competition from unlicensed hemp retailers. While the legal market is thriving, the persistence of the illicit market poses a threat to the stability and safety of the legal market, affecting Verano's business.
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