Maine CANNABIS CONSULTANTS
Higher Yields Cannabis Consultants offers a full range of cannabis consulting services in the state of Maine. Our vertically integrated consulting system offers a path to business success. From startup to scaling and expansion of your cannabis-related business and everything in-between our team of industry experts can help. If you have any questions please contact us online or call (844) HI-YIELD.
Important Compliance Considerations for METRC in Maine
As part of the most regulated industry in history, cannabis operators face intense scrutiny from local and state governments. METRC, a seed-to-sale tracking system, helps operators stay compliant by creating an easily identifiable chain of custody for each cannabis product. Using METRC makes recalls easy and ensures accountability.
Mandated in 15 states plus Washington D.C., METRC is similar everywhere. However, there are nuances in each state. In order to remain compliant, businesses must be aware of and adhere to their state’s specific regulations.
In Maine, METRC training is unique. Unlike in other states, at least one owner of each business is required to be trained to use METRC and pass a qualifying exam. If you don’t pass the exam, your business stays closed until you do. Prepare for the exam and succeed — contact us for additional training and support.
The Latest News in Marijuana Legalization in Maine
After years of delays, recreational sales of marijuana in Maine will begin on October 9, 2020. These sales begin almost four years after marijuana legalization was approved by voters through a ballot measure, a much longer timeframe compared to many other states that have legalized marijuana.
Maine’s cannabis regulatory body began to issue marijuana business licenses on September 8, 2020. Marijuana businesses can start harvesting, processing, and conducting quality control for their products once they are issued a license.
The city council of Maine’s largest city, Portland, voted to cap retail store licenses at 20. In determining which applicants will be awarded licenses, the city council will prioritize the following factors:
- Medical marijuana caregivers
- Majority owned by an economically disadvantaged applicant
- Prior experience with managing regulated/licensed commercial operations
- Plans to pay employees a fair wage and good benefits
- Already has ownership or longstanding lease of business location
- Well capitalized, with $150,000 or more in liquid assets
Maine marijuana legalization law permits local municipalities to opt-in or opt-out of legalization. So far, less than 10% of the state’s nearly 500 municipalities have opted in. However, the municipalities that have opted-in include the states most populous metropolitan areas: Portland, Lewiston, Bangor, South Portland, and Auburn.
Contact Us to discuss cannabis Licensing Opportunities in Maine
History of Marijuana in Maine
Possession of small amounts of marijuana was decriminalized in Maine in 1976, and the first medical marijuana legalization measure was passed in 1999. This measure permitted certain medical patients to grow their own marijuana plants. On the local level, the cities of Portland and South Portland decriminalized possession and recreational marijuana use in 2013 and 2014, respectively.
In 2016, a ballot initiative to legalize the use and sale of marijuana statewide passed narrowly by less than one percentage point. The ballot initiative stated that commercial marijuana sales would be taxed at 10%, and local authorities would have the power to regulate, limit, or prohibit the operation of commercial marijuana sale.
Retail sales were set to begin in February 2018 — a little over two years after the ballot initiative passed to give agencies time to determine how to regulate the new marijuana industry. However, in November 2017, Maine Governor LePage vetoed a marijuana taxation and regulation bill, arguing that it conflicted with federal law. The state legislature overturned the veto on May 2, 2018. The bill became law, but the commercial sale timeframe was delayed.
Commercial sales of marijuana were set to begin in the spring of 2020, but the COVID-19 pandemic delayed the timeline until the early fall of 2020.
Maine Cannabis Consulting services
At Higher Yields Cannabis Consulting (HYC), our cannabis consultants are here to assist you with planning and building your cannabis business in Maine. Our team of canna advisors are well-versed in local laws on compliance, and we offer services that assist you in building your brand, creating your marketing plan, designing your website and assets, crafting your social media presence, and much more to help your business see success.
Contact us at (844) HI-YIELD to learn how we can assist you.
Market Conditions in Maine
Although the commercial sale of marijuana experienced a somewhat rocky start due to political and pandemic delays, the cannabis market in Maine has strong potential.
Demand is predicted to be high, with in-state customers expected to range from 190,000 to 230,000. Marijuana businesses are also expected to benefit from Maine’s bustling tourism industry that typically attracts over 35 million visitors a year, although the COVID-19 pandemic may impact tourism in the short term.
Contact Higher Yields Cannabis Consulting
The marijuana market in Maine is promising, and an expert commercial marijuana consulting firm can help you navigate the unique challenges and opportunities that exist in the Maine market. Because commercial sales are just beginning in Maine, now is an ideal time to work with Higher Yields Consulting (HYC). Their team of experienced experts can help you at every step of the way, from compliance and legal matters to design and marketing. Cannabis is a competitive market, and the expert help provided by HYC is exactly what you need to find your edge in this market.
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