The cannabis industry is benefiting the state of Maryland

The marijuana industry has yielded 4,000 jobs for Maryland and $21.7MM in tax revenue, according to a report by Beacon Economics.

Between January 2012 and December 2019, $811.56 million was invested in the U.S. medical cannabis industry, the report stated. In 2019, $240 million of it was invested compared to just $35,000 in 2012. Between January of 2018 and June of 2018, sales of medical cannabis in Maryland totaled $34.9 million. For the same time period a year later, sales exceeded $106 million with a growth rate of over 200 percent, the report stated.