Maine’s potential $300 million a 12 months recreational marijuana program now is expected to launch sales by the top of the 12 months, in accordance to state officers.

That can be greater than 4 years after Mainers legalized grownup use, with current delays stemming from the coronavirus pandemic.

The launch date is predicated on the primary group of develop, processing and testing amenities working by the top of September, the Portland Press Herald reported, citing state regulators.

That timeline would enable a number of months for the marijuana to be cultivated, processed and stocked in retail shops.

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The delay of rec sales in Maine has proved expensive to some candidates. Some hashish companies have spent tens of 1000’s of {dollars} on hire or different actual property bills whereas ready for the market to open.

The bulk of Maine communities have but to opt-in to adult-use marijuana. But the state’s largest cities have, although Portland’s rec hashish licensing is in course of.

The new Marijuana Business Factbook tasks that Maine’s adult-use hashish market will attain round $300 million a 12 months inside 4 to 5 years of launching. The first full 12 months of sales may exceed $100 million.

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