Maine Cannabis Sales Hit $10M+ for the First Time

Cannabis sales in Maine set yet another record in August, topping $10 million in one month for the first time.

Full story after the jump.

Cannabis sales in Maine set yet another record in August, topping $10 million in one month for the first time, according to a WMTW report citing Office of Marijuana Policy (OMP) figures. The previous record of $9.43 million was set in July.

According to the OMP statistics, there were about 134,000 cannabis transactions at cannabis retailers, which totaled $10,220,445 and generated $1,022,175 in tax revenues for the state.

From June to August, Maine cannabis sales topped $26.1 million; sales in June were $6.5 million.

At the end of August, there were 53 active retail store licenses with 185 others in the application process, the report says.

The state has set successive monthly sales records since the launch of adult-use sales in October 2020almost four years after the reforms were approved by voters. The rollout of the market was delayed first by staunch opposition by former Republican Gov. Paul LePage and then by the coronavirus pandemic.

When adult-use cannabis sales were launched, there were just six active licenses in the state. The first month included 21,194 transactions for a total of about $1.4 million in revenue.

No municipality in Maine has completely opted out of the adult-use market, with some allowing only retail sales, cultivation, manufacturing, testing, or a combination.

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