Maine was a single of 4 states to vote to legalize cannabis for adult use throughout 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 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 getting legalized cannabis for adult-use properly right after Maine did. The cannabis sector in Maine will pass a major milestone this week when the state of Maine starts accepting cannabis organization 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 goods produced from it to its site Thursday, kicking off a monthslong state evaluation of these vying to turn into pioneers in Maine’s recreational industry.
There’s a lot on the line. Maine’s recreational cannabis industry is probably to prime $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 industry and develop industry and customer loyalty.
Maine nonetheless has a strategies to go prior to the 1st legal adult-use cannabis buy is produced, nevertheless, the launch of the application course of action is nonetheless a major deal. Immediately after all, companies cannot start out 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 ideal path. It has been a really frustrating course of action, nevertheless, there is ultimately light at the finish of the tunnel.