Medical cannabis sales in Maine drop for second year in a row

Medical marijuana sales declined in Maine for the second straight year, a decrease that some dispensary owners blame on unfair competition both from the black market and patients growing their own product.

According to the Portland Press Herald, tax data shows the state’s eight licensed dispensaries brought in $23.5 million in sales in 2018, down 4.1% from the previous year.

Medical marijuana dispensary sales in the state peaked in 2016 at $26.6 million.

Even then, industry observers worried that MMJ sales were slowing and attributed much of the decline to the increasing number of caregivers in the state allowed to grow for patients.

Dispensary owners said the recent declines likely resulted from more patients growing their own cannabis, as well as licensed MMJ businesses being forced to cut prices as black-market delivery services have undercut them.

Maine lawmakers are currently considering new regulations for medical and recreational marijuana that could limit non-dispensary providers.

– Associated Press and Marijuana Business Daily

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One comment on “Medical cannabis sales in Maine drop for second year in a row
  1. dave on

    My, oh my, doesn’t competition (fair/unfair) complicate the profit agenda ? What business doesn’t have to deal with the competition predicament ? What business doesn’t have to deal with state and federally imposed rule and regulation ? The strong shall survive these situations and the weaker shall go by the wayside, as it’s always been. Legal or illegal, the supply shall be as it’s always been; sometimes available/sometimes not available, and the price will fluctuate. Nobody has total control of this commodity.

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