Licensed marijuana stores in Maine sold products worth over $19 million in April.
According to data from the Maine Office of Cannabis Policy, marijuana sales reached $19,225,160 in April, marking a slight increase from the $19.1 million recorded last month, and nearly $2 million more than the total sales in May 2023. These sales occurred across 356,951 transactions.
The average price per gram of dried marijuana in April fell to an all-time low of $7.18, down $0.13 from March.
The total sales for the year now stand at $73,961,335, from 1,356,541 transactions.
In Maine, recreational marijuana was legalized in 2016, enabling individuals at least 21 years old to possess up to 2.5 ounces of marijuana, which can be purchased from any licensed retail outlet. Despite legalization, bureaucratic delays meant the first store did not open until 2020. Under Maine’s marijuana law, sales are subject to a 5.5% tax, with an additional 8% excise tax on marijuana-infused edibles. Sales of medical marijuana are tax-free.
Earlier this month it was announced that Maine will soon implement new marijuana regulations that will align cannabis retail environments more closely with those of liquor stores. Changes include:
- The elimination of ID checks at the entrance.
- Permission for minors to enter stores with their legal guardians.
- The provision of product samples.
Last month Maine Governor Janet Mills signed into law a bill to allow those with convictions for possessing or cultivating marijuana to have the charges sealed (completely hidden) from their criminal record.
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