skip to Main Content
Maine’s largest medical marijuana dispensary group asks to join residency lawsuit

Wellness Connection, which owns four of eight licensed medical marijuana dispensaries in Maine, filed a motion on Thursday to fight a lawsuit against the state from two small marijuana businesses over recreational cannabis licenses granted to businesses with some out-of-state ownership.

It is the latest legal salvo in the recreational marijuana market that launched on Oct. 9 in Maine and is expected to soon eclipse the size of the medical marijuana market. Portland marijuana consultancy Nucleus One projects sales for the legal medical and recreational markets will total $76 million this year in Maine, with adult-use making up $20 million of that.

Much more money will be at stake with sales expected to almost quadruple to $295 million by 2025, when adult-use is projected to dominate the market with $265 million in sales. Cottage industries including tourism and professional services are also growing up around the cannabis business.

In March, Wellness Connection sued the state over a law trying to limit marijuana businesses such as itself with out-of-state owners, but the case was dropped after the state said it would not enforce the residency requirement because it likely would not hold up in court. [Read more at Bangor Daily News]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Kentucky’s Medical Cannabis Program Undergoes Dramatic Transformation: Navigating HB 829 and the Emergency Licensing Regulations

By Hannah King and Arin Aragona Plans for Kentucky’s medical cannabis program took a significant turn last week with the passage of House Bill 829 and the implementation of emergency…

Cannabis in Court: When Federal Courts Will Hear Commercial Disputes Related to the Cannabis Business

By Steven Ascher and Anna M.Windemuth The unique status of the cannabis business —  legal in a majority of states, but still illegal under federal law — creates a thorny…

Patchwork Regulation of CBD Products Continues Despite Rise in Demand

By Courtney A. Hunter and Jessalyn H. Zeigler Demand for cannabidiol (CBD) products continues to climb, and the market has risen to the occasion. There is now a robust array…

How Private Equity Trumped Social Equity in State Cannabis Deal

Confidential documents obtained by THE CITY reveal how Chicago Atlantic Group became one of the biggest beneficiaries of the state’s legalization program. Last June, Gov. Kathy Hochul announced that a…

More Categories

Back To Top
×Close search
Search