First day of recreational pot sales in Maine yields $9,464 in sales taxes
MaineMarijuana Industry News October 12, 2020 MJ Shareholders 0
The six marijuana shops that opened Friday across the state reported $94,643 in sales, according to the Office of Marijuana Policy.
A half-dozen pot shops reported $94,643.38 in first-day sales on Friday under Maine’s new adult-use marijuana program, resulting in $9,464.34 in sales tax for the state.
The preliminary data were reported Saturday afternoon by David Heidrich, director of engagement and community outreach for the Office of Marijuana Policy. Nine retail stores are now licensed to sell recreational cannabis in Maine, but only six opened Friday because of a shortage of legally tagged, tested and taxed adult-use cannabis.
Maine began its first day of sales with eight active licenses, Heidrich said, and issued a ninth during the day to Hi-Lo Dispensary LLC in Poland. “The licensee has indicated … they will not open for at least a few weeks,” according to a press release from the Office of Marijuana Policy.
The sales data will be updated Tuesday.
The stores that opened Friday are SeaWeed Co. and Theory Wellness in South Portland, Firestorm Cultivation in Bangor, Green Cures in Auburn, Northland Botanicals in Stratton and Sweet Relief Shop in Northport. Two other stores with licenses didn’t open Friday: House of Ganja in Newry and Coastal Cannabis Co. in Damariscotta. [Read more at Portland Press Herald]
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.