Maine’s First Month Of Legal Marijuana Sales Total $1.4M

Licensed cannabis retailers in Maine sold more than $1.4 million worth of marijuana products during the first month of legal recreational pot sales, according to data released by state regulators on Monday. Legal sales of adult-use cannabis began on October 9, nearly four years after voters approved recreational marijuana sales for adults in 2016.


10 Best Places To Start A Cannabis Business in the U.S.

Starting a cannabis business in the US takes a lot of planning, effort, and patience.

However, it’s doable if you choose the best US state for such a business.

According to some of the most recent statistics, the cannabis industry is among the fastest-growing industries globally.

Therefore, it’s a perfect time to start this type of business.


Lawsuit filed over Maine marijuana retail licenses

Two small Maine-based marijuana businesses are suing the agency that oversees recreational marijuana operations, arguing state licenses were illegally awarded to out-of-state owners.

State law requires owners of marijuana operations to live in Maine and to have filed state income taxes for four years. But the Maine Office of Marijuana Policy ignored the requirement, based on the state attorney general’s conclusion that it’s unlikely to hold up to legal scrutiny.

The federal lawsuit contends out-of-state companies take away a competitive advantage for Maine business operators.


Maine Opens Up Its First Recreational Cannabis Shops

Recreational cannabis has been legal for adult use in Maine since 2016. However, it took until recently for the “Pine Tree State” to open its first cannabis stores.

One of the biggest issues Maine faced was it narrowly received the popular vote for legalization four years ago. The state needed new administrations and the right cannabis legislation before it could open the door to legal sales. Not to mention, the COVID-19 pandemic has only thwarted these plans.

Finally, on October 9, Maine got the okay to open up recreational cannabis shops for business. However, this didn’t come without a new set of problems.


Maine’s First Weekend Of Legal Cannabis Sales Tops $250K

Officials in Maine reported on Tuesday that licensed retailers sold more than $250,000 worth of cannabis products during the state’s first weekend of legal recreational marijuana sales. The first retail cannabis dispensaries in Maine opened for business on Friday, nearly four years after voters approved recreational marijuana sales for adults in 2016.


First day of recreational pot sales in Maine yields $9,464 in sales taxes

A half-dozen pot shops reported $94,643.38 in first-day sales on Friday under Maine’s new adult-use marijuana program, resulting in $9,464.34 in sales tax for the state.

The preliminary data were reported Saturday afternoon by David Heidrich, director of engagement and community outreach for the Office of Marijuana Policy. Nine retail stores are now licensed to sell recreational cannabis in Maine, but only six opened Friday because of a shortage of legally tagged, tested and taxed adult-use cannabis.


Recreational Marijuana Sales Begin In Maine

Legal recreational marijuana sales began in Maine on Friday, nearly four years after voters approved a legalization initiative in 2016. But with only eight licensed dispensaries open for the launch of legal sales and fears of looming product shortages, consumers and business owners alike are unsure what the day will bring.

Voters in Maine legalized the recreational use of marijuana by adults and authorized the commercial production and sale of cannabis by licensed businesses in the autumn of 2016. However, former Republican Gov. Paul LePage thwarted implementation of the measure, leading to years of delay. After two years of legislative rewrites and multiple vetoes by LePage, the Marijuana Legalization finally became law at the end of 2018. 


Maine adult-use marijuana stores prepare for opening-day crowds despite low supply

Thomas Winstanley remembers the long lines when adult-use marijuana stores opened in Massachusetts just before Thanksgiving 2018.

He would have expected the same when his company’s South Portland store opens Friday, but the coronavirus is adding a twist this year

Theory Wellness will open as one of only eight adult-use retail stores licensed to operate in Maine on the first day of sales. The company has plenty of experience. It is based in Massachusetts, where it has two stores and is about to be approved for its third medical marijuana store.

“I think one of the learnings we have from opening recreational locations in Massachusetts is you never really know what to anticipate,” Winstanley, the marketing director for Theory Wellness, said


Maine’s Marijuana Market Opening Could Be A Letdown For Many

The long-awaited launch of Maine’s recreational cannabis market will likely fall short of expectations, with some shops unsure if they will even have marijuana to sell, much less the THC-infused food and drinks readily available on the state’s existing medical market.

One state-approved shop said it may skip opening day altogether, its owners unsure whether they will have any products to sell Friday, the state’s first official day of adult-use sales. Retailers blame a licensing backlog for the expected shortages. Regulators agree, but say that’s what happens when you try to launch a new market during a global pandemic.


The Age of Cannabis Delivery

The timeline of cannabis in America is certainly a tumultuous one. From being spiritually and ritualistically used by Native Americans, to being vilified and criminalized by early 1900’s government officials leading to a 75 year prohibition, to an explosive “war on drugs” that had a choke hold on American culture for over two decades, marijuana and its users have been on a seriously wild ride.


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