Maine’s Adult-Use Cannabis Sales in August Surpasses $10 Million
The jump was a more moderate increase than July’s 45% increase from June
Maine’s adult-use cannabis retailers are continuing to break sale records, with $10.2 million worth of marijuana products being sold in the month of August.
The sales jump was a more moderate increase than July’s 45 percent increase from June sales, but it marks the first time in the industry’s history to report monthly sales of at least $10 million since the adult-use market launched last fall.
According to data released by the Maine Office of Marijuana Policy, the state’s 53 licensed adult-use retailers reported 133,969 sales transactions totaling over $10.2 million last month, earning the state roughly $1 million in sales tax revenue.
Recreational cannabis sales in Maine have steadily climbed since the market launched less than a year ago, with retailers totaling about $1.1 million in sales the first month and setting a new record each month thereafter. In July, cannabis retailers brought in roughly $9.4 million, smashing the previous record by almost $3 million.
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