LAS VEGAS--(BUSINESS WIRE)--Signal Bay, Inc. (OTC: SGBY), a provider of cannabis consulting, research, data, operations & laboratory services, continues to attract new clients and is proud to announce that three new clients in the state of Maryland have signed consulting agreements. The groups are domiciled in Frederick, Prince George and Montgomery counties and have retained Signal Bay to complete their business plans and medical marijuana dispensary, processing and cultivation license applications for submission to the Maryland Medical Cannabis Commission.
Each applicant awarded a stage one license approval will have 365 days from the date of notification to complete all necessary steps to obtain a formal license and to request final inspection by the Commission. These steps will include raising capital, acquiring real estate, securing local zoning approvals, construction of facilities, installation of equipment and systems and the hiring and training of staff.
William Waldrop, CEO of Signal Bay, commented: “Since 2014 Signal Bay founders have realized a 100% rate of success among consulting cannabis license applicants. With launch of the Cannabis Consultant Marketplace we have over 400 professionals from across the country available to Signal Bay. We select the best among them to maximize the opportunity for our clients to realize their goal of cannabis entrepreneurship. We work with them to build a new industry that will create jobs, expand the tax base and, most importantly, enable the delivery of safe and effective medicine to patients in need.”
The Maryland Department of Health and Natalie M. LaPrade Maryland Medical Cannabis Commission announced there will be only 15 cultivation permits awarded in a competitive application process, an unlimited number of processor licenses and 94 dispensaries. The commission anticipates that the application evaluation, scoring and ranking period will be completed by mid-January 2016.
About Signal Bay, Inc.
Signal Bay, Inc., through its subsidiaries Signal Bay Research, Inc., Signal Bay Services, Inc. and CR Labs, Inc., provides industry research, consulting, and analytical testing services to the legalized cannabis industry. The Cannabis Consultant Marketplace is an online managed marketplace that enables companies to find and engage top-tier professionals who serve the cannabis industry. Learn more at www.signalbay.com.
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