Archive

Raising Capital for Maryland Social Equity Cannabis Businesses

By Charles Alovisetti, Elena Markos
Sep 27, 2024

Maryland recently awarded cannabis business licenses to social equity applicants. If you were one of the lucky lottery winners, now it’s time to focus on raising money for your business. Read this insight for essential considerations around raising capital for Maryland social equity cannabis licensees.

Vicente LLP is Expanding to Maryland!

Jun 25, 2024

Vicente LLP has represented Maryland cannabis businesses since the inception of the state’s medical cannabis industry. From assisting with license applications and corporate structuring to providing operational compliance guidance and engaging with the Maryland Cannabis Administration, we are committed to our clients’ success. Now, we are formalizing our commitment to Maryland by opening a new office in Bethesda!

[Webinar] From Maryland Lottery to Cannabis Business License: Priorities, Strategies & Solutions

Apr 5, 2024

Watch this informative webinar with members of Vicente’s Maryland and Corporate teams and Cannabis Capital Advisors’ Christopher Stefan. Panelists will guide attendees with essential next steps to successfully navigate Maryland’s cannabis industry, including insights into the application review process, compliance requirements, and financing options for raising capital to build an operational cannabis business in Maryland.

Maryland Cannabis Licensing Update: Priority Actions After Lottery Selection

By Meg Nash
Mar 12, 2024

The Maryland Cannabis Administration's first license lottery is on March 14th. This Insights post will help all applicants, regardless of the outcome, understand the next steps. Those selected will go through background checks and receive conditional licenses. Those who were not selected can retain their application for future rounds, potentially reserved for social equity applicants.

New Funding Opportunity for Maryland’s Social Equity Cannabis Business Applicants

By Meg Nash, Bridgette Nikisher
Feb 7, 2024

Maryland's Cannabis Business Assistance Loan/Grant Fund is offering grants to help social equity applicants cover costs associated with obtaining a cannabis business license. The program reimburses up to 50% of eligible expenses, with a maximum of $5,000. Applications open February 19th and close March 20th. Read this Insights post to learn more about eligibility, qualifying expenses, and how to apply.

Social Equity and Interstate Competition: Maryland Cannabis Regulation Under Scrutiny in Federal Court

By Meg Nash, Bridgette Nikisher
Jan 31, 2024

A recent lawsuit filed against the Maryland Cannabis Administration (MCA) threatens to delay the highly anticipated cannabis business license lottery. The lawsuit alleges that the MCA's social equity licensing program unfairly favors Maryland residents, potentially violating the Dormant Commerce Clause of the U.S. Constitution. This blog post explains the specifics of the lawsuit, its potential impact on the licensing process, and the broader legal questions surrounding residency requirements in cannabis licensing.

Maryland Cannabis Business License Application Submission Guide

By Meg Nash, Bridgette Nikisher
Nov 6, 2023

Maryland’s first adult-use licensing round is almost here! Do you have what you need? We’ve prepared a list to help guide you toward submission.The 30-day application period opens next week on November 13, 2023, at midnight ET and closes on December 12, 2023, at 5 p.m. ET.

Maryland Releases New Cannabis License Application Information

By Meg Nash
Oct 24, 2023

The Maryland Cannabis Administration (MCA) recently released new information about the upcoming licensing round, including application instructions, an evaluation worksheet, and application templates. MCA also published an FAQ page. Read on for a summary of key information.

Maryland Cannabis Administration Releases Social Equity Verification Tool in Preparation for Cannabis Business Licensing

By Yolanda Clarke, Meg Nash
Sep 1, 2023

The Maryland Cannabis Administration and its Office of Social Equity took another step toward the first round of adult-use social equity licensing in the state with the announcement that their social equity verification portal will go live on September 8. This first round of adult-use licensing will be for standard or micro grower, processor, and dispensary license types. Only social equity applicants are eligible to take part in this first round and to qualify, you must first be officially verified as a social equity applicant.

[Webinar] Washington, DC Cannabis Business Licensing Update

Aug 24, 2023

Washington, DC's Medical Cannabis Amendment Act of 2022 overhauls the existing medical cannabis program, significantly expands access for registered patients, and creates a variety of new business opportunities for operators. Watch this session to learn about DC’s new medical cannabis statute and new license opportunities for entrepreneurs.

[Webinar] Maryland Cannabis Licensing: What We Know, What We’re Waiting For, and How to Get Started Now

Jul 19, 2023

With Maryland’s regulated cannabis industry opening up new opportunities for licensees and ancillary businesses in the coming months, questions remain about the Old Line State’s adult-use cannabis regulations and their impact on licensing, where licensed cannabis businesses can and will be located, MCA’s upcoming license lottery process, and more. Watch this recorded session for a deep dive into what we know, what we’re waiting for, and how to start smart now in Maryland.

Upcoming Cannabis Business Licensing Opportunities Across the U.S.

By Jerrico Perez
May 22, 2023

Opportunities for growth across the nation are currently abundant for cannabis businesses, and our experienced team is here to help you navigate these increasingly complex and competitive licensing processes. With more winning merit-based applications than any other law firm in the country, our team’s work ethic, dedication, and experience will help elevate your application above the competition and set your business up for long-term success.

Key Takeaways from Maryland’s Adult-Use Cannabis Implementation Bills Awaiting Governor Moore's Signature

By Sahar Ayinehsazian, Sam Kovach-Orr
Apr 26, 2023

Maryland's adult-use cannabis implementation bills are currently awaiting Governor Wes Moore's signature after the House Economic Matters Committee and the Senate Finance Committee collaborated to create alignment between the two pending bills, HB556 and SB516. Read this article for key takeaways, including who will oversee cannabis regulation, revised definitions and limits, and important changes to licensing.

Cannabis License Types and Timelines in Maryland Adult-Use Regulation Bill Awaiting Governor's Signature

By Jen Flanagan, Meg Nash, Sam Kovach-Orr
Apr 12, 2023

Roughly two months after the introduction of cross-filed bills relating to regulating adult-use cannabis in Maryland, HB556 and SB516, the General Assembly passed a final version of the bill and sent it to Gov. Wes Moore for his signature. Read this article for highlighted proposed provisions affecting current and future licenses, including license types and timelines.