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 folks 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 reality, 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 possessing legalized cannabis for adult-use effectively immediately after Maine did. The cannabis market in Maine will pass a massive milestone this week when the state of Maine starts accepting cannabis small business applications for its adult-use market. 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 web-site Thursday, kicking off a monthslong state overview 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 leading $158 million in sales its initially year and practically $252 million in its second, according to market analysts. Pioneers will profit from the wave of Maine’s initially sales, establish their hold on the market place and develop market place and customer loyalty.
Maine nonetheless has a techniques to go just before the initially legal adult-use cannabis acquire is created, nevertheless, the launch of the application approach is nonetheless a massive deal. Just after all, companies cannot commence 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 incredibly frustrating approach, nevertheless, there is ultimately light at the finish of the tunnel.