Maine was one particular of 4 states to vote to legalize cannabis for adult use through the 2016 election, with the other individuals getting California, Massachusetts, and Nevada. Out of the cannabis legalization class of 2016, Maine is the only one particular that has but 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 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 possessing legalized cannabis for adult-use properly immediately after Maine did. The cannabis sector in Maine will pass a significant milestone this week when the state of Maine starts accepting cannabis small business 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 produced from it to its web site Thursday, kicking off a monthslong state overview of these vying to turn out to be 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 initially year and virtually $252 million in its second, according to sector 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 approaches to go prior to the initially legal adult-use cannabis obtain is produced, nonetheless, the launch of the application method is nonetheless a significant deal. Soon after all, companies can not get started promoting adult-use cannabis in Maine till they have a license. Maine also demands nearby licenses, and some communities in Maine have pre-banned adult-use cannabis commerce.
Gradually but certainly Maine is moving in the proper path. It has been a incredibly frustrating method, nonetheless, there is lastly light at the finish of the tunnel.