In August 2021, a federal judge ruled it unconstitutional for Maine regulators to exclude out-of-state companies from operating medical cannabis dispensaries in the state. Additionally, in the same month, the Office of Marijuana Policy announced the introduction of new applications intended to assist business owners operating within the state of Maine's Medical Use of Marijuana Program.
The two-part effort sees the addition of existing medical marijuana caregiver applications to the state's online licensing system while simultaneously introducing a new application for individuals and businesses seeking to operate medical marijuana dispensaries in Maine.
There is no notable activity at this time.
Revenues have increased every month since adult-use sales began in October 2020. After setting a new record for adult-use cannabis sales in July 2021, the Pine Tree State upped the ante in August 2021, with sales jumping to $10MM. July was also the first month that the adult-use market has matched the medical program in sales. All in, Maine posted more than $70MM in sales in its first full year.
Fewer than 10% of municipalities in Maine have opted into adult-use sales, leaving the vast majority of the state out in the cold. The market continues to grow, albeit slowly.
*Multiple licensing tiers for cultivation. Tier 1 allows a canopy of 500 sq.ft., Tier 2 allows for a canopy of 2K sq.ft., Tier 3 allows for a canopy of 7K sq.ft., and Tier 4 allows for a canopy of 20K sq.ft.