Maine’s Cannabis Industry Reports $59 million In First Year Of Sales

AUGUSTA– The Maine Office of Marijuana Policy published sales data from the first full year since adult-use sales began.  Maine’s adult-use cannabis industry reported more than $58 million in sales in its first year of operation. Since opening for legal Cannabis sales in October 2020, more than 788,000 transactions have been recorded.

10% of all sales are going directly into the state’s general fund. 

Local reporting from local CBS affiliate WABI reported: “It exceeded our expectations. We’re quite pleased with the way things have gone over the last 12 months,” said Erik Gundersen, head of Maine’s Office of Marijuana Policy.

Sales grew in 11 consecutive record months from October through August. September was the first month sales didn’t increase versus previous month. That dip was attributed to the tourists leaving Maine after the summer holidays. Maine’s tourism industry is one of its most important industries.

According to state data, there are 57 active store licenses throughout the state. There are 174 license applications currently going through the review process.