Maine draft bill for adult use cannabis increases tax to 20%

General Discussion
#1

I still haven’t read the entire draft yet.

#2

Yow.

#3

On the bright side, they got rid of the 800,000 sqft canopy limit.

There is also a small grower tier license that allows up to 500 sw ft of canopy for $500 per year. The bar to entry is pretty low.

#4

It’s a stopgap measure to keep the welfare state’s books balanced, they’re all going to legalize it eventually because of the revenue stream.

1 Like
#5

And this is how black markets stay afloat

2 Likes
#6

Passed, then vetoed by the governor. There is a vote to try to overturn the veto today.

https://www.usnews.com/news/best-states/maine/articles/2017-11-06/lawmakers-return-to-augusta-after-veto-of-marijuana-law

This works to my benefit. The longer the delay, the longer the gray market activity will go on. Customers will go to the stores once those open.

https://www.usnews.com/news/best-states/maine/articles/2017-11-06/the-latest-lawmakers-uphold-maine-govs-veto-of-pot-bill

The Maine Legislature has upheld Republican Gov. Paul LePage’s veto of a bill to regulate and tax the sale of marijuana in the state.