In March legal marijuana retail outlets in Maine sold over $16 million in marijuana and marijuana products, the second highest month of the past 12.
Data released by Maine’s Office of Cannabis Policy shows that there was $16,622,537 in legal marijuana sales in March. Over the past 12 months only August saw more sales with $17,042,278.
The sales total for March brings the yearly total to $45,314,673, and the total since the start of legal sales in late 2020 to $290,442,617. Between January and March there was 764,333 total sales transactions at licensed marijuana stores, with there being 279,770 in March alone.
The average price of a gram as of the end of March is $8.04, a modest increase from the $7.93 average in February, but 49% lower than the average when legal marijuana sales first began in 2020 ($15.83).
Of the $16 million sold in March, $10 million came from dried flower, $2.5 million from infused products and $4 million from concentrates (such
In Maine marijuana was legalized via a citizen initiative in 2016. The part of the law allowing for those 21 and older to possess up to 2.5 ounces and grow up to six plants took in effect the following year, but due to legislative delays the first licensed marijuana store didn’t open until October, 2020.
In Maine marijuana receives a 5.5% general sales tax rate at retail, with edibles taxed at 8%.
More sales data for Maine’s legal marijuana market can be found by clicking here.
