Maine’s First Weekend Of Legal Cannabis Sales Tops $250K

Officials in Maine reported on Tuesday that licensed retailers sold more than $250,000 worth of cannabis products during the state’s first weekend of legal recreational marijuana sales. The first retail cannabis dispensaries in Maine opened for business on Friday, nearly four years after voters approved recreational marijuana sales for adults in 2016.

“According to preliminary data, the long weekend (sales commencing on Friday, October 9, 2020 and concluding at end of the day Monday, October 12, 2020) saw sales of adult use marijuana surpass a quarter of a million dollars,” the Maine Office of Marijuana Policy (OMP) wrote in a tweet on Tuesday.

The total sales of recreational cannabis products for the four-day holiday weekend came to $258,411.58, according to the agency. The figure represents the revenue from 6,430 transactions, which generated a total of $25,841.16 in state sales tax. The OMP noted that the results had not yet been finalized and that all of the sales tax collected might not hit state coffers until next month.

“These figures are preliminary in nature and subject to further revision. Actual sales tax returns from the month of October are not due to the State Tax Assessor until November 15,” the agency

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