Name: Maine shatters medical cannabis sales record
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Maine shatters medical cannabis sales record

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AdvertisementCannabis now Maine’s most lucrative cropMaine shatters medical cannabis sales recordCannabis now Maine’s most lucrative cropHide TranscriptShow TranscriptTHROUGHOUT THIS YEAR WHILE MOST INDUSTRIES HAVE TAKEN A HIT BECAUSE OF THE COVID-19 PANDEMIC... BUT SALES FOR MEDICAL CANNABIS JUST KEEP GROWING. THROUGH THE END OF NOVEMBER... MEDICAL USERS HERE IN MAINE HAVE SPENT 221.8 MILLION DOLLARS ON LEGAL CANNABIS PRODUCTS.... FAR OUT PACING SPENDING ON OTHER MAJOR FARM PRODUCTS INCLUDING POTATOES, MILK, HAY AND WILD BLUEBERRIES. THIS YEAR'S NUMBERS MORE THAN DOUBLE WHAT WAS A RECORD YEAR IN 2019. YOU CAN SEE SIMILAR TRENDS IN OTHER STATES WITH LEGALIZED CANNABIS. INDUSTRY ANALYSIS CHALK UP THE RISE IN SALES TO MORE AMERICANS SPENDING TIME AT HOME AND AN OVERALL MORE ACCEPTING ATTITUDE TOWARDS THE DRUG. PLUS - KEEP IN MIND THIS SURGE ONLY ACCOUNTS FOR THE MEDICAL USE PRODUCTS... WE ARE JUST STARTING TO SEE THE IMPACT OF THE RECREATIONAL ADULT USE CANNABIS WHICH BROUGHT IN ABOUT 1.4 MILLION DOLLARS IN ITS FIRST MONTHAdvertisementMaine shatters medical cannabis sales recordCannabis now Maine’s most lucrative cropMedical marijuana users in Maine have spent more on cannabis products in 2020 than any year on record, according to state sales tax data. Between the start of January and end of November, sales for medicinal cannabis reached $221.8 million, more than doubling the previous record set in 2019. The legal cannabis industry as a whole has avoided much of the economic downturn spurred on by the COVID-19 pandemic. Other states that have legalized the drug have also seen boosts in sales, including Massachusetts and Colorado. Industry analysts attribute the surge in sales to the increased time most Americans are spending amid the pandemic at home coupled with expanding access and acceptance of cannabis use. The growth in Maine’s medical sales does not account for the still budding adult recreational market, which posted about $1.4 million in sales in its first month. The recreational sales represent opportunity for further expansion into the surging legal cannabis industry, with dozens of prospective cultivators, manufactures and retailers still awaiting state licensing.Medical marijuana users in Maine have spent more on cannabis products in 2020 than any year on record, according to state sales tax data. Between the start of January and end of November, sales for medicinal cannabis reached $221.8 million, more than doubling the previous record set in 2019.AdvertisementThe legal cannabis industry as a whole has avoided much of the economic downturn spurred on by the COVID-19 pandemic. Other states that have legalized the drug have also seen boosts in sales, including Massachusetts and Colorado. Industry analysts to the increased time most Americans are spending amid the pandemic at home coupled with expanding access and acceptance of cannabis use. The growth in Maine’s medical sales does not account for the still budding adult recreational market, which posted about $1.4 million in sales in its first month.The recreational sales represent opportunity for further expansion into the surging legal cannabis industry, with dozens of prospective cultivators, manufactures and retailers stillLoading more articles...

AdvertisementCannabis now Maine’s most lucrative cropMaine shatters medical cannabis sales recordCannabis now Maine’s most lucrative cropHide TranscriptShow TranscriptTHROUGHOUT THIS YEAR WHILE MOST INDUSTRIES HAVE TAKEN A HIT BECAUSE OF THE COVID-19 PANDEMIC... BUT SALES FOR MEDICAL CANNABIS JUST KEEP GROWING. THROUGH THE END OF NOVEMBER... MEDICAL USERS HERE IN MAINE HAVE SPENT 221.8 MILLION DOLLARS ON LEGAL CANNABIS PRODUCTS.... FAR OUT PACING SPENDING ON OTHER MAJOR FARM PRODUCTS INCLUDING POTATOES, MILK, HAY AND WILD BLUEBERRIES. THIS YEAR'S NUMBERS MORE THAN DOUBLE WHAT WAS A RECORD...

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Ross Ketschke

wmtw.com

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