Maryland § 33-308
Full text of Maryland Maryland Code § 33-308, with citation guidance and answers to common questions.
§ 33-308.
(a) The Department shall apply proceeds derived from the operation of dispensaries first toward the repayment of money that was loaned to or borrowed by the Department.
(b) After repayment under subsection (a) of this section, the Department may create and maintain a reserve fund not exceeding $400,000 to:
(1) provide adequate working capital; and
(2) cover any losses sustained by the Department in operating the dispensaries.
(c) (1) After the distributions under subsections (a) and (b) of this section, the Department shall distribute on or before June 1 annually:
(i) the proceeds generated by dispensaries in rural areas outside of a municipal boundary to the county general fund; and
(ii) of the remaining proceeds:
1. 50% to the County Commissioners; and
2. 50% to the mayors and city councils of Berlin, Ocean City, Pocomoke City, and Snow Hill, and homeowners associations that oversee an area in which a dispensary has been established, in amounts determined under paragraph (2) of this subsection.
(2) (i) The Department shall distribute the proceeds due to municipalities listed in paragraph (1)(ii)2 of this subsection and homeowners associations proportionally according to the net profits on total sales derived from the dispensaries in each municipality or area overseen by a homeowners association.
(ii) If County Commissioners consent for each municipality listed in paragraph (1)(ii)2 of this subsection, to determine the share of a municipality, a dispensary within 2 miles outside of the municipal boundary shall be considered to be within the municipal boundary.
(iii) Distributions paid to a municipality under this subsection shall be used for general municipal purposes.
(iv) Distributions paid to a homeowners association shall be used for the benefit of the special police force of the housing development.
Frequently Asked Questions About Maryland § 33-308
What does Maryland Code § 33-308 cover?
Section 33-308 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 33-308?
A common citation format is "Maryland Code § 33-308" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 33-308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.