Maryland Businesses May Reap Millions from Marijuana Rescheduling
A potential shift in the classification of marijuana could bring in significant profits for Maryland businesses, according to experts. The rescheduling of the drug, which is currently classified as a Schedule I substance, could lead to a surge in economic activity and job creation.
The move could also help to alleviate the state’s budget woes, which have been exacerbated by the expected loss of 29,000 federal jobs in Maryland. This would add an estimated $280 million to the state’s budget hole.
Governor Moore has previously expressed his commitment to maintaining a “high bar” for tax hikes, but the potential benefits of marijuana rescheduling may force him to reconsider his stance. As the state grapples with the economic implications of this shift, business owners and policymakers alike are holding their breath, waiting to see how the situation will unfold.
Will the rescheduling of marijuana lead to a windfall for Maryland businesses, or will it be a recipe for disaster? Only time will tell.
