There was $17.2 million in marijuana and marijuana products sold legally in Maine in the month of May.
According to the Maine’s Office of Cannabis Policy, there was $17,264,322 in legal marijuana sold in May, a modest but noticeable increase from the $16,289,077 sold in April. This beats the previous record of $17,042,278 set in August, 2022.
Year-to-date marijuana sales in Maine now sit at $78,903,638, with the total since the start of legal sales in 2020 being $323 million.
There was 302,445 total marijuana sales transactions in May, roughly 21,000 more than April. The average price per gram was $7.87, a $0.10 increase from the $7.77 average in April but a $0.17 decrease from the $8.04 average in March.
In Maine marijuana was legalized via a citizen initiative in 2016. The part of the law allowing for those 21 and older to possess up to 2.5 ounces and grow up to six plants took in effect the following year, but due to legislative delays the first licensed marijuana store didn’t open until October, 2020. Under the law marijuana receives a 5.5% general sales tax rate at retail, with edibles taxed at 8%.
More sales data for Maine’s legal marijuana market can be found by clicking here.
Earlier this week Maine’s Legislature gave approval to legislation that would double the cultivation limit for mature marijuana plants.
