Maryland residents are expected to consume copious amounts of cannabis — as much as 1.8 million pounds of marijuana plants grown mostly in state — at least that’s what consultants told state lawmakers on Thursday. For the state to capture its best return on such a growing market, analysts told Maryland General Assembly lawmakers this week that levying a tax rate no higher than 20% would be ideal for state coffers and consumer market dynamics.
The projections were provided by Cannabis Public Policy Consulting, a research group that’s helping inform the Maryland legislature about its next steps to open the recreational marijuana market on July 1.
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