maine-cannabis-sales

Maine Recreational Cannabis Sales Surpass $5 Million in May

Adult-use cannabis sales in Maine reached an all-time high at nearly $5.4 million in May.

Full story after the jump.

Adult-use cannabis sales in Maine reached nearly $5.4 million last month, setting another record, the Portland Press-Herald reports. The state will receive about $536,000 in tax revenues from May’s 71,843 recreational sales.

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. May sales outpaced April sales by more than $1 million.

In all, adult-use sales have totaled about $22.7 million, earning the state more than $2.2 million in tax revenues, according to state Office of Marijuana Policy (OMP) data.

Flower sales in the state far outpace concentrates and infused products, reaching nearly $3.2 million in May and almost $14.3 million since October. Concentrates comprised about $1.2 million in May salesnearing $4.9 million since the market’s launchwhile infused product sales in May didn’t reach the $1 million mark, totaling $963,798, and about $3.6 million since October, according to the OMP.

The average customer spends about $74 per transactionwhich has remained steady as the price of flower decreases from $16.68 per gram in October to $13.22 per gram last month.

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.

From January through November last year, medical cannabis sales in Maine surpassed $221.8 million making it the state’s most lucrative crop; outpacing potatoes, milk, hay, and wild blueberries.

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