Maine

Mon
20
Sep

More Than 90% Of Maine Towns Still Don’t Allow Recreational Marijuana Sales

More than 90 percent of Maine towns and cities still don’t allow recreational marijuana stores, even as sales in the industry have steadily grown since they started nearly a year ago.

While Brewer and Orono are both on track to allow recreational cannabis stores sometime soon, they’ll join only three other Penobscot County communities that allow such shops — Bangor, Medway and tiny Stacyville with just 380 residents. Etna allows growing operations but not retail stores.

Fri
27
Aug

Cannabis caregivers and patients form new lobby

 

Groups representing thousands of medical caregivers and patients are now united under one organization in an effort have a louder voice when it comes to creating new rules in Augusta. The newly formed Cannabis Council of Maine includes representatives from the Medical Marijuana Caregivers of Maine, Maine Growers Alliance, Maine Craft Cannabis Association, and the Maine Cannabis Coalition.

Tue
10
Aug

Maine adult-use cannabis sales jumped 45% in July, to $9.4 million

Maine’s adult-use cannabis retailers sold over $9 million worth of marijuana products in July, topping the previous month’s record by 45 percent. 

Retailers attribute the sales jump to an increasingly diverse market and a boost from summer tourists taking advantage of the state’s legal cannabis market. 

The state’s 44 licensed adult-use retailers reported 124,004 sales transactions totaling over $9.4 million last month, earning the state roughly $943,500 in tax revenue, according to data from the Maine Office of Marijuana Policy. 

Tue
27
Jul

Maine's marijuana market keeps growing, sets sales record in June

Maine’s recreational marijuana market continued its eye-popping growth in June, the state has reported.

Sales of cannabis for recreational, adult use topped $6.47 million for the month, up from $5.36 million in May, according to new data from the Maine Office of Marijuana Policy. More than 86,000 purchases took place during June.

The value of June sales is the highest monthly total since Maine’s recreational marijuana market launched last October, and represents a 20.6% increase over the dollar amount in May. That’s slightly less than the 23.2% growth in May over the previous month.

To date, sales have totaled nearly $30 million, according to the OMP. June sales were roughly six times the total in the first month.

Tue
22
Jun

Maine Lawmakers Vote to Decriminalize All Drugs

State lawmakers in Maine passed a bill last week to decriminalize possession of all drugs. The measure, LD 967, was passed by the Maine House of Representatives on Thursday with a vote of 77 to 62 and was later cleared by the state Senate, according to media reports.

Under the measure, criminal penalties would be dropped for simple possession of scheduled drugs including heroin, cocaine and prescription medications. Instead, those guilty of such offenses would be subject to a fine of $100 or be required to submit to an assessment for treatment of substance use disorder.

Thu
10
Jun

Maine’s marijuana retailers saw record sales in May

May marked the highest grossing month ever for Maine’s marijuana industry.

State retailers sold $5.36 million worth of adult-use marijuana products last month, $1 million more than April’s record of $4.35 million, according to the Maine Office of Marijuana Policy.

Retailers conducted 71,843 transactions, with smokable marijuana making up the bulk at 59 percent of sales, followed by infused products at 23 percent and concentrates at 18 percent.

Maine’s adult-use marijuana market launched in October, with six officially licensed retailers. That number has now climbed to 34 retailers.

Wed
09
Jun

Maine sales of recreational cannabis surpass $5 million in May

Maine’s adult-use cannabis retailers sold over $5 million worth of marijuana products in May, a new record for the state’s nascent legal market. 

The state’s 34 licensed adult-use retailers reported 71,843 sales transactions totaling nearly $5.4 million last month, earning the state roughly $536,000 in tax revenue. 

 

Recreational cannabis sales figures in Maine have climbed steadily since the market launched in October, with retailers bringing in about $1.1 million in the first month.

May’s $5.4 million record broke the previous record, set in April, by over $1 million. 

Mon
07
Jun

Maine's recreational marijuana market expects a busy summer

When Maine's adult-use recreational marijuana market came online last October, it was tough to set expectations as the program opened in the middle of the COVID-19 pandemic. 

As the pandemic's harsh grip on our daily life relaxed slowly, the growth of the recreational program in Maine grew exponentially. The growth budding to another month of record sales in May.

Although the official numbers won't be released until next week, Erik Gunderson, the Director of the Office of Marijuana Policy estimated dispensaries across Maine collected more than $5M in sales. He added that includes nearly $1M worth of product being sold on Memorial Day Weekend alone. "I think it’s a sign of things to come," Gunderson said.

Mon
26
Apr

The cannabis tourist's guide to legal US states

As more and more states decriminalize cannabis and legalize recreational use for adults, cannabis tourism is on the rise. Much as one might sample Seattle's famous coffee scene or check out the craft beer in hop capitals like Denver, Colorado and Bend, Oregon, visitors to legal states are dipping a toe into the local culture and sampling regional varietals of bud.

But knowing what the rules about purchasing and consuming cannabis are in different states can be a little tricky. Just in the past year, a slew of new states have sprung for legal cannabis legislation, including Virginia, New York, New Jersey, Arizona, Montana, South Dakota and New Mexico. 

Thu
15
Apr

Cannabis Real Estate Boom In the Northeast

Real estate is one of the more difficult aspects of the cannabis industry. Securing a license is tough but getting your location is even tougher. Each state has different regulations and restrictions, which combined with unique real estate markets makes finding and securing property essential. It’s an expensive endeavor and one in which traditional mortgages aren’t typically an option. 

This presentation will focus on the New England and New York area cannabis real estate markets. It will cover the following states: Maine, Vermont, New Hampshire, Connecticut, Massachusetts, New York, New Jersey, and Pennsylvania. 

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