Business Notes: Owner of Bethesda and Silver Spring Medical Marijuana Shops To Receive Grow License

Plus: Purple Line helping to spur office development; gender pay gap continues in Maryland

By Bethesda Beat Staff

Published: 2018.04.10 02:49

The RISE Silver Spring location

Bethany Rodgers

Company that operates medical marijuana businesses in Bethesda, Silver Spring to receive license to grow cannabis

Green Thumb Industries, which operates the RISE Bethesda and Silver Spring medical marijuana stores, has received a pre-approval from the state for a new license to grow marijuana in Maryland. The company had filed a lawsuit against the state after it was passed over for a grow license due to the state government’s desire to provide geographical diversity among growers. The Chicago-based company was passed over for the license even though it was ranked higher by a state review panel working to launch the industry in Maryland than some of the 15 other companies that received licenses, according to The Baltimore Sun.

The company was pre-approved for a grow license after the state’s General Assembly approved a bill to issue seven new cannabis-growing and 13 new cannabis-processing licenses. The bill was aimed at enabling minority-owned businesses to have a better shot at opening a medical marijuana business after no African-American-owned firms were among those picked to grow the drug.

Two of the new licenses were set aside by lawmakers to settle the legal dispute brought by Green Thumb Industries and another medical marijuana seller who challenged the licenses’ allocation.

The company has not determined where it will locate its new grow facility.

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