The small Western Maryland town of Hancock — population 1,545 — is poised to be a part-owner of a medical marijuana company after winning a license to grow cannabis plants this week.
The town is in a unique partnership with an Arizona company that plans to grow cannabis in a town-owned warehouse and share profits with the Washington County town.
After Hancock suffered an exodus of about 1,000 jobs over the past two decades, the cannabis industry could spark an economic turnaround for the town and surrounding communities, said Mayor Daniel Murphy.
“I’ve embraced it, our town has embraced it,” Murphy said. “We’re glad to be on the ground floor of medical cannabis. We hope it will be a success.”