Adult-use cannabis sales in Maine last year nearly doubled those from 2021, the first full year of sales, the Portland Press Herald reports. In 2022, adult-use sales topped $158.9 million, according to Maine Office of Cannabis Policy (OCP) data outlined by the Press Herald. In 2021, the total was $82 million. In all, Maine retailers reported nearly 2.5 million transactions last year.
The state saw about $16 million in tax revenue derived from adult-use sales last year. The state has licensed 114 retailers, 56 manufacturing facilities, 87 cultivation sites, and three testing laboratories. There are another 97 stores, 48 manufacturing facilities, 75 cultivation sites, and two labs in various stages of the approval process, the report says.
John Hudak, director of the OCP, told the Press Herald that the growth “reflects the significant economic impact that legal cannabis continues to have in the communities that have opted into the system.”
“The system is creating jobs, helping revitalize communities, and having a positive economic impact on businesses that help the industry function.” — Hudak to the Press Herald
As the state’s industry matures, prices have started to fall – the average price of flower fell from $16.68 per gram at market launch to $8.18 per gram as of December.
Maine’s adult-use rollout was one of the slowest since states began enacting the reforms, taking nearly four years to commence after voters approved a ballot initiative in 2016.
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