Maine’s legal marijuana market recorded over $17.8 million in sales in February.
Licensed marijuana retailers in Maine reported $17,821,252 in total sales across 338,052 transactions, according to data from the Maine Office of Cannabis Policy. Of that total, $10,082,571 came from “usable marijuana” (flower, pre-rolls, and shake/trim), $5,055,457 from concentrates, and $2,679,703 from infused products such as edibles, beverages, and capsules. The average price per gram of dried flower was $7.04.
For comparison, February 2024 saw approximately $18 million in marijuana sales, with the average price per gram at $7.30. The overall market in 2024 reached $243,876,905, with more than 4.5 million transactions recorded.
Maine voters approved recreational marijuana in 2016, allowing adults 21 and older to possess up to 2.5 ounces. Following regulatory delays, retail outlets opened in 2020. Recreational marijuana sales are taxed at 10%, with an additional 8% excise tax applied to infused products. Medical marijuana is taxed at a lower rate of 5.5%.
Revenue from marijuana sales helps cover industry regulation by the Office of Cannabis Policy. Around 12% of the sales tax revenue from adult-use marijuana supports the Adult Use Cannabis Public Health and Safety and Municipal Opt-in Fund, benefiting municipalities that allow marijuana sales. The remainder is directed to Maine’s general fund, where it is managed by the state legislature.
More articles from The Marijuana Herald can be found below.
