Maryland Wholesale Cannabis Trade Association
- Assets
- $211.4k
- Revenue
- $581.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Princess Anne, MD
- Founding
- Data as of
- 12/2023
- EIN
- 81-4496971
Organization Overview
Maryland Wholesale Cannabis Trade Association, operating under the name Canmd, is located in Princess Anne, MD. Canmd is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Canmd generated $581.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $594.9k during the year ending 12/2023. While expenses have increased by 11.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES THE RESPONSIBLE ADVANCEMENT OF THE MEDICAL CANNABIS INDUSTRY IN MARYLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATION AND RESOURCES FOR LAWMAKERS, MEDICAL PROVIDERS, PATIENTS AND ADULT-USE CONSUMERS OR CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Van Wingerden Chair | OfficerTrustee | 2 | $0 |
Christina Johnson Vice Chair | OfficerTrustee | 2 | $0 |
Venus Hemachandra Secretary | OfficerTrustee | 1.5 | $0 |
Eric Ross Treasurer | OfficerTrustee | 2 | $0 |
Mackie Barch Executive Committee | OfficerTrustee | 1.5 | $0 |
Joe Kiely Executive Committee | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manis Canning & Associates Inc Lobbying | 12/30/23 | $180,400 |
Ja Strand Consulting Association Consulting | 12/30/23 | $192,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $581,108 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $581,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,465 |
| Fees for services: Accounting | $20,518 |
| Fees for services: Lobbying | $235,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $258,500 |
| Advertising and promotion | $0 |
| Office expenses | $2,278 |
| Information technology | $14,274 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,058 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,541 |
| All other expenses | $0 |
| Total functional expenses | $594,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,990 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $600 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,395 |
| Accounts payable and accrued expenses | $23,693 |
| Grants payable | $0 |
| Deferred revenue | $41,253 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $64,946 |
| Net assets without donor restrictions | $146,449 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $211,395 |