Marijuana is now Maine’s the majority of important crop, besting the state’s signature farming items such as potatoes, milk and blueberries.
Medical cannabis sales amounted to $221.8 million from January through October, more than double what had actually been offered by this time in 2015, according to state sales tax figures. That puts the market on rate to strike $266 million in sales this year regardless of an international pandemic that has actually put lots of Mainers out of work and depressed customer costs across the country.
” Because March, we have actually all been taking part in a nationwide experiment,” stated Patrick Anderson, CEO of Anderson Economic Group, which releases a month-to-month nationwide cannabis market standard. “What we have actually discovered is that no matter what, Americans are going to get their marijuana, alcohol, baking products and automobiles, despite the economy.”
The boom follows a record-breaking year for the market in 2019. In 2015, the very first time that Maine had the ability to arrange all legal medical cannabis sales, Maine taped more than $100 million in sales, two times as much as anybody anticipated. Year-to-date sales in 2020 reveal the marketplace has actually doubled yet once again, growing 152 percent. [Read more at Portland Press Herald]