adult-use cannabis sales

Maine Has Another Record-Breaking Month Of Cannabis Sales

Maine Has Another Record-Breaking Month Of Cannabis Sales

The Maine Office of Marijuana Policy reported that the adult-use cannabis industry hit record-breaking sales of about $10.2 million in August. Data shows the state’s 53 licensed adult-use retailers reported 133,969 total transactions for the month, which generated more than $1.2 million in sales tax revenue.

Since the market launched less than a year ago, Maine’s recreational cannabis sales have climbed steadily. Retailers totaled about $1.1 million in sales the first month and set a new record each subsequent month. Early on, the industry struggled with limited supply and high costs. But now, with 24 manufacturing facilities, 47 cultivation sites, and nine new stores opened in August, Maine buyers are seeing more variety and lower prices on the shelves which has helped boost sales.

The Office of Marijuana Policy does not track sales to out-of-state residents, but regulators have credited summer tourism for the recent uptick in business — July’s sales jumped 45% from June sales. The August sales jump was more moderate, but it marks the first time since the adult-use market launched last fall the industry has reported monthly sales of at least $10 million.

Many other U.S. states have also seen similar record-breaking growth. Recent scientific analysis of sales data in Alaska, Colorado, Oregon, and Washington show marijuana purchases “have increased more during the COVID-19 pandemic than in the previous two years,” per Marijuana Moment.

During the pandemic lockdown, many states declared cannabis retailers as essential services and allowed them to remain open. In some areas, emergency rules were issued allowing curbside pickup and delivery services.

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