It’s safe to say that legal Cannabis is a big hit in Maine. The state’s marijuana consumers helped retailers set new sales records in May.
Dispensaries sold about $5.36 million of adult-use products in May, reports WABI. That makes it the highest-grossing month since the industry launched in October 2020. May’s sales broke the record set in April by $1 million.
There were nearly 72,000 transactions in May. Smokable marijuana made up 59% of sales while infused products accounted for 23% and concentrates 18%.
In the seven months since the launch of Maine’s legal adult-use market, gross sales of adult-use marijuana have totaled of $22.77 million.
When sales began last October, six licensed retailers were operating. Thirty-four retailers are now licensed in the program. More than 50 municipalities across the state have opted-in. There are 21 licensed manufacturers and 30 licensed cultivation sites in Maine.
“The strong month-over-month growth here in Maine, just seven months after the official launch of the industry, suggests more and more consumers are choosing the tested, tracked, and well-regulated market over the illicit market,” Maine Office of Marijuana Policy Director Erik Gundersen said, reports the Bangor Daily News.
Gundersen said dispensaries have been both “innovative and resilient” as they’ve launched a brand new market during a global pandemic.
“As our state prepares to welcome visitors as part of the summer tourist season, I am confident they will remain committed to upholding the high standards we have for protecting the public’s health and safety,” Gundersen said.
Flower Accounts For 59% of Maine Sales
The average customer spent about $74 per sale in May, reports the Portland Press Herald. That trend has held steady since at least the start of the year.
Smokable cannabis, called flower, accounted for about 59 percent of sales. That’s down from 76 percent when the market opened and 63 percent in January. That reduction is likely the result of a product line that continues to expand, offering more options to consumers.
Infused products and concentrates saw their share of the market increase to 23 percent and 18 percent, respectively. Last October, infused products claimed 10 percent and concentrates claimed 14 percent market shares.
The average price of flower fell from $16.68 per gram to $13.22 per gram, or about $49 for an eighth-ounce (3.5 grams), down from $56.