Sales are down 4.1% from 2017, and 12.8% from 2016
Sales fell at Maine’s medical cannabis dispensaries for the second time in two years, a reflection of increased and sometimes unfair competition, the dispensary owners say.
In 2018, overall sales at the state’s eight licensed dispensaries dropped to $23.5 million, down 4.1 percent from 2017 and 12.8 percent from 2016, when dispensary sales peaked at $26.6 million, according to new state tax data.
Dispensary owners say the increased competition stems from some patients learning to grow their own plants to use as medicine, while others are browsing the marketplace, shopping at one of Maine’s many caregiver stores or using illegal delivery services. New regulations for medical and adult-use cannabis under consideration by the state will likely impose controls on the non-dispensary providers of cannabis products and help level the playing field.
Until then, the unregulated competition is forcing dispensaries to cut prices, driving down annual revenue even more.
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