Maine was a single of 4 states to vote to legalize cannabis for adult use for the duration of the 2016 election, with the other people becoming California, Massachusetts, and Nevada. Out of the cannabis legalization class of 2016, Maine is the only a single that has however to launch regulated adult-use cannabis sales.
In truth, Maine is so far behind schedule that a state that legalized cannabis two years later than Maine launched regulated adult-use cannabis sales prior to Maine. Michigan, which voted to legalize cannabis in 2018, launched legal adult-use sales earlier this month.
Illinois is set to launch adult-use cannabis sales early subsequent year, in spite of obtaining legalized cannabis for adult-use nicely following Maine did. The cannabis sector in Maine will pass a massive milestone this week when the state of Maine starts accepting cannabis enterprise applications for its adult-use sector. Per Press Herald:
The Maine Workplace of Marijuana Policy will publish applications for state provisional licenses to develop adult-use cannabis, sell it and manufacture merchandise created from it to its site Thursday, kicking off a monthslong state evaluation of these vying to turn into pioneers in Maine’s recreational market place.
There’s a lot on the line. Maine’s recreational cannabis market place is probably to top rated $158 million in sales its 1st year and just about $252 million in its second, according to sector analysts. Pioneers will profit from the wave of Maine’s 1st sales, establish their hold on the market place and develop market place and customer loyalty.
Maine nevertheless has a techniques to go prior to the 1st legal adult-use cannabis acquire is created, nevertheless, the launch of the application approach is nevertheless a massive deal. Just after all, corporations can not commence promoting adult-use cannabis in Maine till they have a license. Maine also calls for nearby licenses, and some communities in Maine have pre-banned adult-use cannabis commerce.
Gradually but certainly Maine is moving in the ideal path. It has been a extremely frustrating approach, nevertheless, there is lastly light at the finish of the tunnel.