Maine’s regulated adult-use cannabis industry generated more than $200 million in sales last year, an increase of 36% over 2022, according to information from the state Office of Cannabis Policy. But cannabis business owners who feel that Maine’s cannabis market is becoming oversaturated say that the numbers obscure the challenges licensed operators will face in the … [Read more...] about Maine’s 2023 Adult-Use Cannabis Sales Top $200 Million
Maine
Maine’s adult-use cannabis sales continue to grow, but the market is getting crowded
Recreational cannabis sales brought in roughly 36% more revenue last year than in 2022, but industry members say it’s not necessarily a cause for celebration. Store owners across the state say the market is oversaturated and the boost in sales comes from more stores opening, rather than shops raking in money. The state’s licensed adult-use retailers reported more than 3.7 … [Read more...] about Maine’s adult-use cannabis sales continue to grow, but the market is getting crowded
Two charged with illegally cultivating thousands of marijuana plants in Belgrade
BELGRADE, Maine — Two people were arrested Tuesday in connection with illegally cultivating thousands of marijuana plants in Belgrade. At about 11 a.m. Tuesday, Maine State Police executed two search warrants in Belgrade, one at a home on Guptill Road and one at a home on Point Road. The search warrants were reportedly executed in response to community complaints, Maine … [Read more...] about Two charged with illegally cultivating thousands of marijuana plants in Belgrade
Maine sets another yearly record for recreational cannabis sales
Maine set another record for recreational cannabis sales this year, with sales through November approaching $200 million dollars. That's nearly $40 million more than all of 2022. John Hudak, director of the Maine Office of Cannabis Policy, said that growth comes as no surprise, because the industry is still so new. "The program didn't get up and running until the middle of … [Read more...] about Maine sets another yearly record for recreational cannabis sales
Casco tables adult-use marijuana store
CASCO — Landrace Cannabis Co. has retail stores in Woolwich, Hollis, Sanford and Portland. The family-owned company would like to open its next retail store along Route 302 in Casco, according to co-owner Lindsay Holden. The company plans to lease an existing building, which was formerly a residential dwelling, but has been unoccupied for a number of years. The company will … [Read more...] about Casco tables adult-use marijuana store
Police have barely begun rooting out Maine’s illegal Chinese marijuana grows
A former chicken barn at 1123 Main Road in Carmel is pictured on Oct. 13, 2023. It was raided earlier this year by police, and four Chinese men were arrested in one of the first prosecutions here of illegal marijuana cultivation operations that are raising national concerns. CARMEL, Maine — A former chicken barn near a few homes at an intersection in this small town off … [Read more...] about Police have barely begun rooting out Maine’s illegal Chinese marijuana grows
Nearly half of Maine’s medical cannabis potentially tainted with pesticides and mold, studies find
Almost half of Maine’s medical cannabis may contain pesticides and molds, according to two studies. In findings released on Wednesday, the Maine Office of Cannabis Policy tested 127 samples from recent inspections, finding 45-percent contained at least one banned material or substance, something that would have failed recreational-use standards. The Press Herald reports that a … [Read more...] about Nearly half of Maine’s medical cannabis potentially tainted with pesticides and mold, studies find
Maine delegation urges feds to shut down illegal Chinese marijuana grows
AUGUSTA, Maine (BDN) -- Maine’s congressional delegation issued a Thursday letter urging U.S. Attorney General Merrick Garland to shut down the 270 properties in Maine linked to illegal Chinese marijuana grows in a recently leaked government memo. The letter comes a week after the Daily Caller, a conservative news outlet, first reported on a memo it said was distributed within … [Read more...] about Maine delegation urges feds to shut down illegal Chinese marijuana grows
Big Plan Holdings to invest $35 million in New England marijuana
Tennessee-based investment firm Big Plan Holdings (BPH) is joining forces with cannabis retailer and cultivator Silver Therapeutics to acquire $35 million worth of cannabis commercial real estate and operations in New England. The companies are initially focusing on targets in Maine, Massachusetts and Vermont, but plan to expand across the country, according to Vermont Business … [Read more...] about Big Plan Holdings to invest $35 million in New England marijuana
Leaked memo says Maine has hundreds of illegal Chinese marijuana grows worth billions
More than 270 marijuana grow sites in Maine have been linked to illegal overseas operations, according to a memo obtained by the Daily Caller. A leaked government memo says there are 270 marijuana growing sites in Maine that are linked to China and could produce more than $4 billion in revenue. The sum shows the massive scope of an emerging law enforcement problem here. The … [Read more...] about Leaked memo says Maine has hundreds of illegal Chinese marijuana grows worth billions
