Maryland Code, ALCOHOLIC BEVERAGES AND CANNABIS 36-1404
Current as of: 2023 | Check for updates
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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.