Maryland Cannabis Business Grant Applications Open, Lucky Leaf Expo Set for July
June 8, 2023 — Baltimore, Maryland — Cannabis entrepreneurs hoping to get involved with Maryland’s new adult-use marijuana market just got a boost thanks to new grants from the state’s Department of Commerce (DOC). Current medical marijuana operators wishing to convert to dual licenses are able to apply for funds via Medical License Conversion Fee Grants. Small businesses may receive grants between $25,000-$50,000.
On August 1, social equity applicants are invited to apply for funds from Maryland’s newly established Cannabis Business Assistance Fund (CBAC). The CBAC provides startup capital and helps cover operating costs for qualified social equity entrepreneurs. The fund will also send resources to interested Historically Black Colleges and Universities (HBCUs) setting up cannabis education programs.
“The Cannabis Business Assistance Fund will help ensure more equitable footing as our medical cannabis license holders transition to recreational marijuana use in Maryland,” said Governor Wes Moore in a press release. “The fund promotes equitable economic growth and will empower our small, minority, and women-owned businesses to have a greater stake in this growing industry.”
Lucky Leaf Expo Baltimore also seeks to kickstart the cannabis market in the Old Line State. Their two-day conference and trade show will take place July 21 and 22 at the Baltimore Convention Center. The event will feature a wide range of high-impact talks, 50+ exhibitors, and plenty of networking.
Maryland’s combined medical and adult-use cannabis industry is projected to reach a value of $1 billion within two years. Those who wish to be a part of the state’s Green Rush are encouraged to take advantage of grants and explore opportunities at events like Lucky Leaf Expo.
About Lucky Leaf Expo:
Lucky Leaf Expo is the preeminent provider of dynamic, high-quality B2B events for the fast-moving cannabis industry. With a focus on providing multiple growth channels for professionals across the country, the company prides itself on offering cutting-edge research, meaningful networking opportunities, and impactful insights that serve a wider purpose of guiding the industry as it evolves. Lucky Leaf Expo attracts the top visionaries from across the vertical, with a platform that promises to both engage and inspire the next generation of cannabis heavy hitters in cultivation, extraction, retail, branding, compliance, distribution, media, and everywhere in between. Perfect for executives, entrepreneurs, and even consumers, Lucky Leaf Expo strives to offer something for anyone interested in being a part of an industry on its way up.
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