Adult-use cannabis sales in Maine hit a new, um, high in 2023

by | Feb 7, 2024 | Cannabis

Sales of adult-use cannabis in Maine totaled $216.9 million last year, up from $158.9 million in 2022.

Last year was just the third full year of legal retail sales. In the first, 2021, sales were $81.96 million, according to data compiled by the state Office of Cannabis Policy.

For the month of December 2023, sales of adult-use marijuana totaled $19.3 million, based on 338,983 transactions, selling at an average of $7.35 per gram. Sales last year peaked in July and August, coinciding with the tourism season.

Products sold include concentrate, infused products, plants and usable cannabis, which is the largest category, according to regulator data. 

Maine has 218 licensed stores for cannabis sales. There are also 141 licensed companies devoted to cultivation, 110 handling manufacturing and five involved in testing. 

Nationwide, sales of medical and adult-use cannabis totaled $33.6 billion last year, with revenue expected to hit $56.9 billion by 2028, according to MJBiz, which covers the industry. Medical marijuana accounts for about a third of the total sales nationally.

By Peter Van Allen

Read the full article at MaineBiz

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Connor Yost

As an Opus Consulting partner, Connor has been instrumental in establishing the firm’s emerging markets division, Nucleus One. Connor’s expertise is in creating financial projections and business plans for specialized manufacturing nationwide. Connor is a lead consultant on process revisions, regulatory compliance, and technical application writing. Additionally, he guides clients through municipal rules, regulations, and processes to better advance their projects. Prior to joining Opus, Connor spent time in both the consumer lending and mortgage industries. When he is not in the office, Connor enjoys the outdoors, including snowboarding and golfing. Connor holds a B.S. in Business Administration with a focus in accounting from the Peter T. Paul College of Business and Economics at the University of New Hampshire.
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