Gorfine, Schiller & Gardyn

Tax Implications for Maryland Cannabis Businesses


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On July 1, 2023, the state of Maryland made it legal for state-licensed shops to sell recreational cannabis to consumers 21 years old and older. During the first week, sales of cannabis totaled more than $20 million dollars, and the Maryland Cannabis Administration projects $600 million of recreational marijuana sales during the first year of legalization.

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Gorfine, Schiller & GardynBy Gorfine, Schiller & Gardyn