The Commission recognizes that these numbers will change as all companies become licensed.
The MMCC is releasing preliminary demographic data on ownership and employee participation in the emerging medical cannabis industry. I am encouraged by this preliminary data and I must emphasize preliminary, which shows that the Commission is on the right path to achieving a diverse group of industry participants. The medical cannabis industry is charged with making new and innovative medicine to help alleviate the pain and suffering of qualifying patients, including sick children. The Commission is dedicated to creating a world class program to support this mission, and believes that politics and misleading narratives should be kept out of the process.
This data was obtained by surveying the current pre-approved applicants. Based on COMAR, on June 1 of each year, each licensee will be required to submit a report to the Commission regarding the licensee’s minority owners and employees.
The simple facts are that the Commission is making tremendous progress in implementing this program; we have issued 15 pre-approvals to companies to grow medical cannabis, 15 pre-approvals to companies to process medical cannabis, and 102 pre-approvals to companies to dispense medical cannabis. The program is moving forward quickly with background and financial due diligence investigations being conducted to begin industry operations.
The Commission is aware and believes that diversity is an essential element in making the medical cannabis program a success, and will continue to track this important demographic data. As we measure the industry’s progress, the Commission recognizes that corporate structures may change for each entity, while always striving for inclusiveness and equal opportunity. We still have work to do and look forward to utilizing a diversity consultant.
As we enter the operational phase of Maryland’s medical cannabis industry, I remain passionate about the quality of the program, and reject additional legislation that would disrupt the current progress that is being made in the final phase of this process.
Please click here for the breakdown of the data.
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