Md. Code Ann., Alc. Bev. & Cannabis § 36-1405
Participation in the Program
Effective May 3, 2023Added by Acts 2023, c. 254, § 5, eff. May 3, 2023; Acts 2023, c. 255, § 5, eff. May 3, 2023.State of Maryland
- (a) To participate in the Program, a lender shall enroll the qualifying loan in the Program not more than 30 days after the date of the first disbursement of the loan.
(b) A lender may enroll all or a portion of a qualifying loan in an amount of not more than:
- (1) for a dispensary, $500,000; or
- (2) for a grower or processor, $1,000,000.
Added by Acts 2023, c. 254, § 5, eff. May 3, 2023; Acts 2023, c. 255, § 5, eff. May 3, 2023.