Marijuana sales in Maine topped $20 million for the second month in a row.
Data released by the Maine Office of Cannabis Policy shows that there was $20,692,942 in marijuana sales in June, an increase from the $20,280,736 sold in May, but roughly $1 million less than the monthly record set in September 2023. June sales occurred across 387,247 transactions.
The average price per gram of dried marijuana in June dropped from $7.41 to $7.25. This is slightly above the all-time low of $7.18 in April.
The year-to-date total for the first half of 2024 is $115,036,746 across 2,127,118 different transactions.
In Maine, recreational marijuana was legalized in 2016, allowing 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.
In May it was announced that Maine will soon implement new marijuana regulations that will align marijuana retail outlets 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.
In April 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.
