maine marijuana Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Black market marijuana tied to Chinese criminal networks infiltrates Maine

April 17, 2024
AggregatedNews
Maine
0 Comments

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
AggregatedNews
Maine
0 Comments

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
AggregatedNews
Maine
1 Comment

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…

Recreational marijuana prices dropping as product floods the market in Maine

August 3, 2022
AggregatedNews
Maine
0 Comments

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…

Marijuana

Marijuana slowly becoming New England’s newest cash crop

With adult-use marijuana sales eclipsing $3 billion in Massachusetts, other New England states are now entering the recreational marijuana industry. Voters in Massachusetts legalized marijuana in 2016 and sales began in 2018, the state’s Cannabis Control Commission said. Neighboring states witnessing…

Industry group recommends new medical cannabis rules for Maine

January 25, 2022
AggregatedNews
Maine
0 Comments

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
AggregatedNews
Maine
0 Comments

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…

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

September 20, 2021
AggregatedNews
Maine
0 Comments

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…

Proposed bill would allow medical marijuana cooperatives in Maine

A bill that would let Maine’s small medical marijuana providers form cooperatives is running into resistance from opponents who say it could result in large operations that would be exempt from local regulations. Proponents, however, believe the bill would level…

Recreational pot sales have more than doubled since Maine’s market launch

February 17, 2021
AggregatedNews
Maine
0 Comments

Recreational marijuana sales have more than doubled since the market opened in October, with the Maine Office of Marijuana Policy reporting almost $2.5 million in sales in January. Maine’s 15 licensed adult-use retailers reported 33,521 sales worth $2.47 million in…

Maine employers ease off testing as cannabis sales soar

February 17, 2021
AggregatedNews
Maine
0 Comments

For Maine’s recreational marijuana users, getting high after work or on the weekend may no longer be a barrier to gaining employment at some of the state’s larger companies. Many employers say they no longer test job applicants for marijuana…

Maine marijuana shops are seeing brisk business despite pandemic

January 10, 2021
AggregatedNews
Maine
0 Comments

Maine’s rollout of legal marijuana sales has been muted compared with other states because of the coronavirus pandemic, but shops are reporting brisk business nonetheless. Maine wasn’t able to replicate the grand opening scenes that have followed the first sales…

It may be legal, but high prices and inconvenience may drive black-market marijuana for years in Maine

December 29, 2020
AggregatedNews
Maine
0 Comments

Rufus St. Hillaire grew six marijuana plants with his husband behind their cabin on their 2-acre property in Poland this year. He has a medical card to purchase marijuana, but no longer needs it to legally buy weed and edibles…

Maine’s largest cannabis company sues to open state’s medical marijuana market to outsiders

December 22, 2020
AggregatedNews
Maine
0 Comments

The state’s largest cannabis company has asked the court to strike down the residency requirement in Maine’s medical marijuana law, making the same constitutional argument it used to successfully open the state’s recreational market to out-of-state investors earlier this year.…