July was another big month for Maine and its recreational marijuana market.
The state’s recreational cannabis sales continued to soar during the month, reaching a new high and more than doubling their growth pace.
Sales of cannabis for recreational, adult use hit $9.43 million in July. This was up 45% from June’s record total of $6.47 million. More than 124,000 purchases took place over the month of July, raking in $943,480 in sales tax, according to data from the Maine Office of Marijuana Policy (OMP).
“These numbers demonstrate that, as access improves, more consumers are choosing the tested, tracked, and well-regulated market over a longstanding illicit market,” said OMP spokesman David Heidrich to Mainebiz.
“With that said, anecdotally, it would appear as though the natural growth of this new industry, the Independence Day holiday, and summer tourism have all contributed to the robust sales growth witnessed in July.”
Maine’s recreational adult-use industry had its first month of sales in October 2020 and saw approximately $1.4 million with only six active licensees, according to OMP. June’s record sales of $5.36 million were up nearly 21% from May, and May’s were up 23% from the previous month.
To date the state’s legal recreational cannabis industry has brought in a total of more than $38.6 million and over $3.8 million in taxes in less than a year.
There are 43 licensed facilities actively cultivating cannabis and another 183 in process.
There are also 23 active manufacturing licenses, another 76 are in process.
