Wellness Connection, which owns 4 of eight licensed medical marijuana dispensaries in Maine, filed a movement on Thursday to combat a lawsuit in opposition to the state from two small marijuana companies over leisure hashish licenses granted to companies with some out-of-state possession.
It is the most recent authorized salvo within the leisure marijuana market that launched on Oct. 9 in Maine and is predicted to quickly eclipse the scale of the medical marijuana market. Portland marijuana consultancy Nucleus One initiatives gross sales for the authorized medical and leisure markets will whole $76 million this yr in Maine, with grownup-use making up $20 million of that.
Much more cash will probably be at stake with gross sales anticipated to virtually quadruple to $295 million by 2025, when grownup-use is projected to dominate the market with $265 million in gross sales. Cottage industries together with tourism and professional services are additionally rising up across the hashish enterprise.
In March, Wellness Connection sued the state over a legislation attempting to restrict marijuana companies similar to itself with out-of-state homeowners, however the case was dropped after the state stated it could not implement the residency requirement as a result of it seemingly wouldn’t maintain up in courtroom. [Read more at Bangor Daily News]