Maine Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Maine regulators reject utility proposal to report suspected marijuana grow operations to police

August 14, 2024
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Maine utility regulators unanimously rejected on Tuesday an electric utility’s proposal to proactively report high consumption that signals a marijuana growing operation to law enforcement officials in an attempt to aid police crackdown on illicit operations. The three-member Public Utilities Commission cited…

Utility company’s proposal to rat out hidden marijuana operations to police raises privacy concerns

BANGOR, Maine (AP) — Operators of illegal marijuana grow enterprises hidden inside rural homes in Maine don’t have to worry much about prying neighbors. But their staggering electric bills may give rise to a new snitch. An electric utility made…

Black market marijuana tied to Chinese criminal networks infiltrates Maine

April 17, 2024
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Maine is the newest frontier for the illicit marijuana trade, with potentially hundreds of suspected unlicensed grow houses operating in the state, a CBS News investigation has found. It's part of a larger phenomenon nationwide. Thousands of illegal marijuana farms…

Cannabis businesses boom in Maine, but access to banking’s a bust

August 7, 2023
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Every few weeks, Steve Rusnack fills up his gas tank and sets off for the roughly 500-mile round trip between his cannabis shop in Fort Kent and his bank in Augusta. He isn’t crazy about the nearly 10-hour trek, especially…

Marijuana money will bail out Maine’s struggling veterans homes

July 14, 2023
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Maine Veterans’ Homes will get $2.6 million from a state marijuana fund to close a funding gap between Medicare rates and the cost of caring for Mainers who served in the military under a plan approved by lawmakers on Wednesday. But the…

Federal Appeals Court: Maine’s Cannabis Licensee Residency Requirement is Unconstitutional

August 22, 2022
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On August 17, the First Circuit Court of Appeals affirmed the the holding of the US District Court for the District of Maine that the residency requirements of Maine’s Medical Use Marijuana Act violate the Dormant Commerce Clause (“DCC”). The…

Recreational marijuana prices dropping as product floods the market in Maine

August 3, 2022
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The cost of getting high is going down. The average cost of flower or bud in Maine’s adult-use cannabis market has decreased by over 41 percent in the last two years. It’s good news for customers whose wallets have been…

Maine’s marijuana industry booming no thanks to banks

The cannabis industry in Maine is a big money-maker, make no mistake about it. In 2020, Maine’s medical marijuana industry generated $266 million in sales, according to Maine Revenue Services, surpassing sales in the state’s traditional leading cash crops of…

Report: Maine is curbing illegal cannabis market at faster rate than other states with adult-use laws

State policymakers believe that Maine's illicit cannabis market is smaller than in other states with adult-use cannabis laws. New data show that 15% of cannabis purchased in Maine came from adult-use stores, according to a report from the state's Office…

Industry group recommends new medical cannabis rules for Maine

January 25, 2022
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A group of medical marijuana providers, customers and other interested parties made recommendations to a legislative committee Monday for new rules that it says would protect consumers without causing undue harm to Maine’s medical cannabis industry. A bill approved by…

Maine officials acknowledge lax oversight of medical marijuana

November 11, 2021
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Maine’s top marijuana regulator said the state has few tools to prevent medical marijuana from being sold on the black market. Most caregivers are following the rules, but economics are driving the illicit sale of marijuana, said Erik Gundersen, director…

After a year of growth, Maine’s legal cannabis industry faces new challenges

October 17, 2021
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The state's adult-use cannabis industry brought in nearly $60 million in its first year, but some fear market saturation and mega-competitors from out of state. One year after Maine launched its legal adult-use cannabis market, industry members say they’re encouraged…

More than 90 percent of Maine towns still don’t allow recreational marijuana sales

September 20, 2021
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More than 90 percent of Maine towns and cities still don’t allow recreational marijuana stores, even as sales in the industry have steadily grown since they started nearly a year ago. While Brewer and Orono are both on track to allow recreational…

Maine’s adult-use cannabis sales surpassed $10 million in August

September 8, 2021
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It was the first time the industry has reported monthly sales of at least $10 million since the state's adult-use market launched in October 2020. Maine’s adult-use cannabis retailers continue to break sales records, with $10.2 million worth of marijuana…

Maine’s mom and pop weed scene sweats corporate ‘gentrification’

The state has long cultivated a small business atmosphere around medical marijuana. Now, shop owners fear state rules will favor industry giants. HALLOWELL, Maine — Eddie Dugay’s cannabis dispensary in this town of less than 2,500 people along the Kennebec…

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