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Cannabis Status

Medical Only

Overview of Medical Cannabis in Maryland

Senate Bill 923 and House Bill 881 both passed as legislative bills in 2014. Patients are required to obtain written recommendation from a state-certified doctor.

Possession Limit

4.23 oz of flower and/or 36 grams THC products every month.

Hemp Status


Overview of Hemp in Maryland

House Bill 803 passed in 2015 legalizing the Hemp Pilot Program. College campuses were allowed to grow hemp for research beginning in 2016. House Bill 698 was passed in 2018 authorizing the Industrial Hemp Pilot Program in Maryland to facilitate the research of hemp for various fields and purposes.

Hemp was then federally legalized in the 2018 Farm Bill, signed December 20, 2018.

Cannabis Inventory and IFRS Biological Assets – Inventory Records

As cannabis companies continue to move to the public markets in Canada, high quality inventory records become much more important. Not only is there greater disclosure and scrutiny of financial information, but International Accounting Standard 41: Agriculture (IAS 41) requires additional computations on biological assets (plants and all inventory derived from those plants) to bring […]