(a) The Administration may issue incubator space licenses authorizing a nonprofit entity to operate a licensed premises in which micro licensees may operate a cannabis business.

(b) Subject to subsection (d) of this section, the Maryland Economic Development Corporation, in consultation with the Administration, shall acquire and construct or refurbish at least one facility to operate an incubator space.

(c) After the completion of the construction or refurbishment of a facility acquired under subsection (b) of this section, ownership of the facility shall be transferred to the Department of General Services.

(d) The Department of General Services shall contract with a nonprofit organization to operate a facility under subsection (b) of this section.

(e) An incubator space licensee may purchase equipment to be used by other incubator space licensees in the same incubator space.

(f) The Administration shall adopt regulations to establish a Maryland Incubator Program based on the best practices in other states.