An abundant cannabis supply and dropping prices have some concerned about an industry consolidation like what’s happened in other states.
recreational cannabis
Posted inBusiness, Maine, News
In Maine, cannabis store licensing fees are all over the map
For budding entrepreneurs, location matters as towns and cities vary widely – from $100 to $40,000 – in costs for setting up shop.
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Posted inBusiness, Maine
Marijuana delivery bill would allow access throughout Maine
A legislative committee held a hearing Wednesday on a bill to allow recreational marijuana stores to deliver to all towns, regardless of whether they allow retail sales.
Posted inBusiness, Maine
After a year of growth, Maine’s legal cannabis industry faces new challenges
The state’s adult-use cannabis industry brought in nearly $60 million in its first year, but some fear market saturation and mega-competitors from out of state.
Posted inBusiness, Maine, News
Maine’s adult-use cannabis sales surpassed $10 million in August
It was the first time the industry has reported monthly sales of at least $10 million since the state’s adult-use market launched in October 2020.
Posted inBusiness, Maine, News
Maine adult-use cannabis sales jumped 45% in July, to $9.4 million
Officials say it’s likely that summer tourism, market growth and the Fourth of July holiday all contributed to the sales increase.
Posted inBusiness, Maine
Maine sales of recreational cannabis surpass $5 million in May
The state’s nascent legal marijuana industry has set a succession of record monthly sales totals since its October launch.
Posted inBusiness, Nation / World
New York is latest state to legalize recreational marijuana
The Empire State could become the East Coast’s largest recreational marijuana market – generating a potential $2.3 billion in annual sales by its fourth year, a trade publication estimates.
Posted inBusiness, Maine
Maine records $1.4 million in recreational cannabis sales in first month
The average sale during an inaugural month limited by supply shortages and in-store purchase limits was about $66, state records show.
Posted inBusiness, Maine
Maine’s marijuana market opening could be a letdown for many
The state’s recreational cannabis market is set to finally open Friday, but few stores will be, and supplies are expected to be extremely limited.