Recreational marijuana sales have more than doubled since the market opened in October, with the Maine Office of Marijuana Policy reporting almost $2.5 million in sales in January. Maine’s 15 licensed adult-use retailers reported 33,521 sales worth $2.47 million in the first month of the new year, earning the state roughly $247,000 in tax revenue. The average customer spent about $74 per sale in January, according to statewide data, up from about $66 per sale the first month. Smokable cannabis, or flower, accounted for about 63 percent of sales, a decrease from 76 percent when the market opened, likely the result of a more diversified product line being available. The average price of bud has fallen from $16.67 per gram to $14.57 per gram, or about $52 for an eighth of an ounce, down from $59.

Cannabis Business Executive – Cannabis and Marijuana industry news, 02/17/2021 09:06:00

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