Md. Code, Alc. Bev. & Cannabis § 36-1404

Maryland · Maryland Code, Alcoholic Beverages and Cannabis · Status: effective

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Citation: Md. Code, Alc. Bev. & Cannabis § 36-1404, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1749600
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(a) A loan to a social equity licensee qualifies under the Program if the loan: (1) satisfies the lending criteria of the lender; and (2) does not exceed: (i) for a dispensary, $500,000; or (ii) for a grower or processor, $1,000,000. (b) A loan that qualifies under subsection (a) of this section may be short or long term, have fixed or variable rates, and be secured or unsecured.