Though the state passed legalization in 2016, the first adult-use sale didn't take place until 2020. No out-of-state ownership is allowed. Operators are limited to no more than three cultivation facilities or four retail licenses.
On October 9, 2020, the first day for adult-use cannabis sales in The Pine Tree State, many shops sold out quickly. However, until the state settles multiple lawsuits and necessary cultivation and retail facilities are built out, this state is too nascent for serious consideration.
Market Snapshot
This Data Point
58,380
This Data Point
58,380
This Data Point
58,380
This Data Point
58,380
This Data Point
58,380
This Data Point
58,380
This Data Point
58,380
This Data Point
594/273
By The Numbers
Population
~1.3MM
Medicinal Legalization
1999
Adult-Use Legalization
2020
MMJ Patients
~65K
Monthly Revenue
~$23MM
Cultivation Cap
20K Sq.Ft.*
Cultivation Licenses
45/No Limit (Issued/Limit)
Retail Licenses
60/No Limit (Issued/Limit)
Retail License Cap per Operator
4
Vertical Integration
Required (Medical), Allowed (Adult)
Delivery
Allowed
MMJ Qualifications
Less Restrictive
State Population / # Retail Licenses
~144K
MMJ Patients / # Retail Licenses
*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.