How to Solve the Cannabis Medical Shortage in Maryland
Maryland region has been experiencing a high rate of economic growth due to the high level of income from the sale of cannabis. The income forecasted to be generated from cannabis has proved to be doubling per year. The awareness on the health benefits of cannabis has made Maryland have a large number of cannabis medical patients. The high level of demand of cannabis drugs has made a number of people to establish dispensaries for the cannabis drugs. After the legalization of cannabis in Maryland enables many people to establish dispensaries as they are able to get operation license. The authorities are giving more licenses to individuals who require operating the dispensaries to be able to meet the increasing demand. For more info on the Maryland medical cannabis shortage, read more here.
People within the Maryland state have not been having enough of the cannabis drugs due to the unorganized market supply chain. A large number of people require having the cannabis drugs but the dispensaries do not have enough for them due to uncertain supply. The dispensaries need to identify reliable suppliers to ensure that they have enough of the drugs for their customers. The cannabis market should realize the need to have a more organized supply chain to be able to meet the customers need on the drugs.
The high demand rate of the cannabis drugs was unexpected and thus the market didn’t prepare well to meet the customer’s needs. The medical cannabis market in Maryland has not been able to meet the demand levels as the production rates have been following the predicted demand rates in which the actual demand has doubled. The right projections is what the medical cannabis market in Maryland needs to be able to produce the right quantities of drugs for the patients.
The cannabis growers can chip in to solve shortage problem by ensuring continuous growth of cannabis in large quantities to ensure that the drug manufacturers do not go short of the raw materials. Incentives can act to increase the number of cannabis growers enabling the Maryland state to have enough of the cannabis. Good prices for the cannabis can act as an incentive thus raising the number of the growers for increased amounts of the cannabis. Continuous manufacture of the drugs will help to ensure that the dispensaries get enough drugs for their customers.
The Maryland state should reduce the number of requirements for an individual to acquire the license for the dispensary. Reducing the licensing requirements will ensure that a large number of people quality thus the ability to increase the number of dispensaries. The ability of the Maryland state to ensure organized cannabis market will help to ensure that they provide enough amount of drugs for the market.