In Maine, the over $20 million in legal marijuana sold in December brought the total for 2024 to above $240 million.
There was $20,154,122 worth of legal marijuana sold in December in Maine, including $11.28 million in “usable cannabis” (flower, pre-rolls and shake/trim), $5.6 million in concentrates and $3.25 million in infused products (edibles, drinks, capsules, etc.), according to data released by the Maine Office of Cannabis Policy. This brings 2024’s total to $243,876,905.
2024’s sales were split across 4,559,786 different transactions, with an average price per gram of dried flower standing at $7.24. The average price for December was lower than the yearly average, at $7.09.
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.”
Maine legalized recreational marijuana in 2016, allowing those 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.
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