According to data recently released by Maine's Office of Cannabis Policy,  recreational cannabis retailers reported nearly 2.5 million sale transactions, totaling $158.9 million. This movement nearly doubled 2021’s sales of $82 million.
Last year’s sales also earned the state roughly $16 million in tax revenue, reported Central Maine, a local news outlet.

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Maine's Recreational Cannabis Market

Since October 2020, when the state began its cannabis market operations, sales went from roughly $1.4 million to over $17 million in August 2022. December sales reached $15.2 million.

“(The growth) reflects the significant economic impact that legal cannabis continues to have in the communities that have opted into the system,” said John Hudak, director of Maine's Office of Cannabis Policy who expects continued growth in 2023. “The system is creating jobs, helping …

Full story available on Benzinga.com