Maine: Medical Cannabis Is Now State’s Third Largest Economic Market
Above Photo: Joshua Wood/Flickr
Augusta, Maine: Patients purchased an estimated $112 million worth of medical cannabis-related products in 2019, according to newly released Maine tax data.
The annual revenues related to medical cannabis are more than the total revenues generated by the sales of blueberries, maple syrup, apples, herring, and oysters combined. Only the state’s lobster industry and potato industry bring in more annual revenue.
Some three-quarters of the revenue generated from medical cannabis (85.3 million) came from sales by caregivers to patients. Although the state’s medical cannabis access program has been operational for some two decades, Maine officials only began tracking caregiver-related tax revenue in February of 2019.