Legal marijuana sales in Maine experienced a slight drip from September to October, but remained steady at over $20 million.
According to the Maine Office of Cannabis Policy, licensed marijuana stores sold $20,839,409 worth of product, which includes dried marijuana flower as well as a variety of marijuana products including edibles, concentrates and topicals. Sales were spread across 399,729 different transactions.
Total marijuana sales from January 1 to October 31 is now $204,097,715, split across 3,806.690 transactions.
In October, $11.9 million of marijuana sales was attributed to “usable cannabis,” $5.7 million to marijuana concentrates, and $3.2 million to “infused products.”
Since legalizing recreational marijuana in 2016, Maine has allowed adults aged 21 and older to possess up to 2.5 ounces. After regulatory delays, retail outlets opened in 2020. Recreational marijuana sales are taxed at 10%, with an additional 8% excise tax on marijuana edibles, while medical marijuana is taxed at 5.5%.
When Maine distributes its marijuana tax revenue, a portion goes to administrative costs, covering the regulation of the marijuana industry by the Office of Marijuana Policy. Around 12% of the sales tax revenue from adult-use cannabis is allocated to the Adult Use Cannabis Public Health and Safety and Municipal Opt-in Fund, supporting local municipalities that allow marijuana sales. The remaining revenue primarily goes to Maine’s general fund, controlled by the state’s legislature.
