Recreational Pot Sales Double in Maine

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Summary

Adult-use cannabis sales soared last year in Maine, nearly doubling the total for 2021. In May 2021, the state reported more than $5 million in recreational pot sales, which at the time made it the highest grossing month. Masthead Maine reports that the state “set a new record each month through August 2022, which brought in over $17 million.” Last month brought in $15.2 million in recreational marijuana sales, according to the outlet, and the 2022 sales “also earned the state roughly $16 million in tax revenue.” But voters there elected a new governor in 2018, the Democrat Janet Mills, who immediately went to work in upholding the will of the people and getting the new marijuana law up and running. That is a modest figure compared to the more recent monthly sales totals.

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Adult-use cannabis sales soared last year in Maine, nearly doubling the total for 2021.

The local news outlet Masthead Maine, citing data that was released by the Maine Office of Cannabis Policy, reports that the “state’s licensed adult-use retailers reported nearly 2.5 million sale transactions, totaling $158.9 million [in 2022],” which was up from the $82 million of sales generated the year prior.

“(The growth) reflects the significant economic impact that legal cannabis continues to have in the communities that have...

Read the full article @ High Times