Maine was a single of 4 states to vote to legalize cannabis for adult use in the course of the 2016 election, with the other individuals 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 just before 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, regardless of obtaining legalized cannabis for adult-use effectively soon after Maine did. The cannabis sector in Maine will pass a huge milestone this week when the state of Maine starts accepting cannabis business 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 items created from it to its internet site Thursday, kicking off a monthslong state overview of these vying to grow to be pioneers in Maine’s recreational marketplace.
There’s a lot on the line. Maine’s recreational cannabis marketplace is most likely to top rated $158 million in sales its initial year and practically $252 million in its second, according to sector analysts. Pioneers will profit from the wave of Maine’s initial sales, establish their hold on the marketplace and develop marketplace and customer loyalty.
Maine nevertheless has a methods to go just before the initial legal adult-use cannabis buy is created, even so, the launch of the application course of action is nevertheless a huge deal. Soon after all, firms cannot start off promoting adult-use cannabis in Maine till they have a license. Maine also calls for regional 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 course of action, even so, there is lastly light at the finish of the tunnel.