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Home»Business & Industry»Maine Sets New Marijuana Sales Record For Fourth Month In A Row, With Nearly $22 Million In Purchases In August
Business & Industry

Maine Sets New Marijuana Sales Record For Fourth Month In A Row, With Nearly $22 Million In Purchases In August

September 11, 2023Updated:December 6, 2024No Comments3 Mins Read
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Maine marijuana gross sales reached a file excessive in August, with practically $22 million value of purchases, in keeping with new knowledge from the state Workplace of Hashish Coverage (OCP).

This summer season has seen quite a few states hitting hashish gross sales highs, and Maine isn’t any exception. August was the fourth month in a row of record-breaking adult-use purchases for the state.

The $21.6 million in gross sales final month got here from 377,050 particular person hashish transactions. Maine’s year-to-date in marijuana gross sales for 2023 is $140.1 million, which means the state is properly on monitor to beat its 2022 whole of $159 million.

Most of August’s purchases consisted of flower, adopted by concentrates and edibles. The typical worth per gram of flower final month was $7.83.

The state’s marijuana trade additionally stands to get some tax aid underneath a invoice signed by Gov. Janet Mills (D) final month, permitting hashish companies to take state tax deductions as a partial workaround to the Inner Income Service (IRS) code often called 280E that prohibits such deductions on the federal degree.

The legislature has additionally handed plenty of different hashish reform proposals this session, together with payments championed by a GOP freshman lawmaker, who beforehand labored as a marijuana activist, to guard gun rights for hashish shoppers and enhance the variety of vegetation that adults can develop for private use.

Maine is much from the one state the place marijuana gross sales are breaking information this 12 months.

—
Marijuana Second is monitoring greater than 1,000 hashish, psychedelics and drug coverage payments in state legislatures and Congress this 12 months. Patreon supporters pledging no less than $25/month get entry to our interactive maps, charts and listening to calendar so that they don’t miss any developments.

Be taught extra about our marijuana invoice tracker and develop into a supporter on Patreon to get entry.
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For instance, Massachusetts retailers have now bought greater than $5 billion in adult-use marijuana for the reason that state’s leisure market launched 5 years in the past, the state reported final week. Gross sales reached $139.3 million in August alone, with the year-to-date whole at $1.05 billion inside the first eight months of 2023.

In Maryland, officers not too long ago introduced that the the state broke anther marijuana gross sales file final month, with practically $92 million value of hashish merchandise bought in the course of the state’s second month of authorized adult-use gross sales.

Michigan marijuana gross sales reached one more file excessive in July, with practically $277 million value of hashish bought.

Three different Northeastern states beside Maine—Connecticut, Massachusetts and Rhode Island—additionally every hit new information for hashish purchases in July.

Illinois retailers bought $140 million value of leisure marijuana merchandise in July—the strongest gross sales of the 12 months and second highest month-to-month whole for the state for the reason that adult-use market launched in 2020.

Missouri retailers have been promoting about $4 million value of marijuana per day on common for the reason that state’s adult-use market opened up in February—and the state noticed a file $121.2 million in hashish purchases in June.

Picture courtesy of WeedPornDaily.

The publish Maine Units New Marijuana Gross sales Report For Fourth Month In A Row, With Practically $22 Million In Purchases In August appeared first on Marijuana Second.

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