The company who received the positive zoning decision is named CBD Wellness, and without a doubt they are hoping the site approval beefs up their grower license application. Their application will be compared against other qualified applicants in what is expected to be a highly competitive field. At this point the state is keen on issuing just 15 growers licenses, which will be approved based on a weighted grading system. The applications will be weighted 20% each on operational factors (including laboratory operations, processing, and packaging) and safety and security factors. The committee will assign 15% of the applications value to experience and knowledge of agriculture and horticulture, and 15% to production control factors such as quality control and inventory plans. The final two factors will also weigh 15%, each and will consist of business development plans and then a catchall additional factors category. The catchall will consider whether the owners and investors are Maryland residents, and whether they are financially sound.
The MMCC regulations will probably become final within the next couple of months, as the public will be able to comment on the draft regulations until the end of July. Once the regulations become final the committee will be faced with the difficult task of choosing the best candidates for the limited number of grower and distributor licenses. Despite the high application fees- $6,000 to grow and $5,000 to dispense, and yearly fees- $125,000 to grow and $40,000 to dispense, the potential profits from involvement in medical marijuana are enough to attract numerous candidates. Naturally, with the amount of money at stake for potential investors this process will not be without its share of tension. And if there is tension, you can be sure the media outlets will be quick to publish its share of headlines to stir the pot. One can only hope that the licensing stage will progress smoothly enough as to not delay the availability of medical marijuana.
Benjamin Herbst is a criminal defense attorney who handles cases in all Maryland state and federal jurisdictions. Contact Benjamin at 410-207-2598 for a free consultation anytime.
Resources
Medical Marijuana Factory One Step Closer in Easton, wboc.com.