Maine voters have said “yes” to Question 1, which legalizes cannabis for adult use.
This will significantly alter the current industry, which is made up of 8 licensed dispensaries and an unknown number of caregivers across the state that serve an unknown number of patients (the state does not currently keep track).
Caregivers were serving patients before dispensaries were licensed, and there are few dispensaries compared with other states, so caregivers have remained more powerful in Maine than in other states. Caregivers are at the front of the line for licensing, along with dispensaries; no other legalization initiative has given priority to caregivers.
If caregivers want to serve recreational use consumers, then this existing unregulated industry will come under unprecedented regulation. There are more than 130,000 recreational use cannabis consumers in the state age 21 and older, and Cannabis Wire estimates sales to them could reach $200 million by 2020.
For more details about this initiative, and a 50+ page deep dive into the state that will shape the cannabis industry for years to come, read the recently released Cannabis Wire California Legalization Report.