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Maine
Cannabis Market
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Maine Cannabis Market At-A-Glance

Overall Rating: A
In October 2020, Maine became the 10th state to launch recreational cannabis sales. Maine took 4 years after legalization in 2016 to begin sales because the state’s former governor was against cannabis. Post-COVID, the sales are set to boom this summer as life returns to normal.
Medical Use: Yes
Adult Use: Yes
Market Potential
A
No limit on recreational licenses makes Maine a great market to set up shop.
Licensing
A
The fees are low and the amount of licenses are not limited.
Competition
B
No caps on licensing will lead to higher competition.
Tax/Regulatory Structure
A
The taxes are low. Local municipality taxes are banned.

Maine Cannabis Details

Population (Rank)
1,344,000
#42
Size/Density
41.3 sq. miles
#38
Medical Cannabis?
Yes
1999
Adult-Use Cannabis?
Yes
2016
2020 Medical Sales
2022 Projected Medical Sales
$59,000,000
$28,000,000
-53%
2020 Adult Use Sales
2022 Projected Adult Use Sales
$0
$237,000,000
+100%
Regulatory Agency
Medical: Department of Health and Human Services Adult-use: Bureau of Alcoholic Beverages and Lottery Operations
https://www.maine.gov/dafs/omp/home
# of Dispensaries (allowed/issued)
8
8
# of Cultivators (allowed/issued)
No limit
0
# of Manufacturers (allowed/issued)
No limit
0
# of Testing Labs (allowed/issued)
Allowed
0
Vertical Integration?
Required (medical) Allowed (adult-use, except for labs)
Residency Requirements?
Yes – all officers of a dispensary must be Maine resident. Unknown for adult-use.
Social Equity?
No

Cannabis Taxes

Combined Tax Rate
15.5%
Excise Tax
10% (retail price)
Retail Sales Tax
None
Local Sales Tax
None
State Sales Tax
5.5%
Cultivation Tax
None

Licensing Fees (per year)
*Varies based on gross revenue

Registered Organization Registration Fee
$200,000
Registered Organization Application Renewal Fee
$200,000

Application Fees

Medical: Dispensary Certificate of Registration Application
$15,000
Adult-Use Dispensary
$250
Cultivation
Tier 1 – $100 | Tier 2 – $500 | Tier 3 – $500 | Tier 4 – $500
Nursery
$60
Manufacturing
$250
Testing Lab
$250
Social Club
$250
10/09/2021

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