Maine Cannabis Real Estate & Regulations
Zoned Properties in Maine
Population:
1.372 million (2021)
Local Zoned Broker:
Affiliated Partnerships Available
Number of Retail Licenses:
Licensing Status:
Awarding licenses since March 2020
Legal Status:
Recreational
Cannabis Sales:
$323.9 million (Gross Sales since Legalization As of June 2023)
License Dynamic:
Limited
Delivery Allowed:
Yes
Drive Thru Allowed:
Yes
Own A Profitable Green Zone In Maine: Let’s Be Your Guide!
Unlock the boundless potential of Maine’s cannabis real estate industry, where a bustling landscape awaits visionary entrepreneurs. Seize the opportunity to secure a coveted compliant location where your cannabis business can thrive amidst business-friendly environments and lucrative real estate properties.
Discover the perfect compliant zone tailored to foster growth and ignite success for your cannabis enterprise. Whether you’re a cultivator, manufacturer, retailer, or research and testing facility, we will find the perfect property for you.
Say goodbye to the tedious maze of zoning codes and intricate GIS software.
Instead, embark on a transformative journey with our dedicated team of experts, who will save you time and energy, allowing you to be fully invested in the core essence of your business.
Send us a message, and we will help you locate compliant zones for your Cannabis business or locations to invest your money in Cannabis real estate.
Site Identification
We specialize in identifying compliant zones for Cannabis businesses. We have comprehensive knowledge of highly regulated cannabis zoning, permitting, development, and operational challenges. We will guide you to navigate this complex landscape effectively.
Brokerage
Our dedicated team of real estate experts assists with selling, leasing, renting, or buying property. We prioritize a seamless and straightforward process, maximizing your investment returns.
Investment
Invest in real estate with unwavering confidence as we leverage our in-depth understanding of the dynamic Cannabis real estate industry to guide your decisions. We’ll be your compass to lucrative ventures and safeguard your investments from potential pitfalls.
Ready To Invest In Cannabis Real Estate In ME?
The Cannabis market in Maine is ever-growing and is likely to become one of the most lucrative markets in the country. Since the launch of recreational Marijuana sales in October 2020, the state has consistently made around a 100 percent increase in sales per year.
It’s the perfect time to invest in Cannabis real estate in Maine.
Work with us to gain a strategic advantage, enabling you to identify prime locations, negotiate favorable terms, and align your investment portfolio with the landscape of the Maine Cannabis industry. Trust in our specialized expertise to help you navigate through the complexities of property selection, due diligence, financial modeling, and risk assessment, ensuring that your real estate investments flourish and yield returns.
Send us a message to find compliant zones in Maine today!
Maine Cannabis Regulations
State Cannabis Overview: The Cannabis industry in Maine is relatively new and is set to become one of the largest markets in a few years. Recreational Cannabis use and sale became legal in the state in 2016, with sales kicking off in October 2020. The state levies a 10 percent tax on all retail Cannabis sales. It also allows Municipalities to impose further taxes on those sales.
Licensing: Maine uses a three-step licensing process for all kinds of Cannabis businesses, including conditional licensure, local authorization, and active licensure. Businesses are required to pass through all the stages to become fully licensed and operational.
The state of Maine will be issuing licenses for four types of businesses, including:
- Manufacturers
- Retailers (stores)
- Testing and research facilities, and
- Cultivation facilities.
All three steps can take you up to 200 days (or 300 days in some instances).
Local Authority: Municipalities (cities and towns) in Maine have the power to impose further restrictions and regulations on Cannabis businesses within their borders. They’re also given the right to impose additional taxes on operators, which can be up to three percent (3%) of all sales. Municipalities also have the authority to remove any business that doesn’t comply with the regulations or reject the construction of a business site.
This is why you need an expert with years of experience in the Cannabis industry to help you navigate the intricate real estate market, helping you find quality, trouble-free properties for your business. Send us a message to find high-yielding real estate property in ME.
Median Age: 44.8
Median Income: $30,850
Regulations last updated as of: August 2023
Have any Questions?
How many cannabis stores are in Maine?
As of May 2023, there are 125 active Cannabis stores in Maine. This number is expected to increase in the coming months as the Office of Cannabis Policy (OCP) continues to approve and award licenses.
Which towns in Maine are Cannabis-friendly
If you’re looking to start a Cannabis operation in Maine, some Cannabis-friendly towns you should consider include Auburn, Hallowell, Paris, Mercer, Bangor, Bowdoinham, Eustis, Poland, South Portland, Waterville, Farmington, and Topsham.
How many cannabis licenses are there in Maine?
There are currently 222 retail, 153 cultivation, 5 testing/research, and 115 manufacturing Cannabis licenses in Maine. However, not all of them have fulfilled the requirements to become fully operational and active. While many have become active, some are still in the conditional and pending conditional stages.
Still have questions? Contact us
Disclaimer: The information provided on this website does not, and is not intended to, constitute legal, financial, or other professional advice. All information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; Zoned Properties does not recommend or endorse the contents of the third-party sites.
Sources:
https://www.maine.gov/dafs/ocp/open-data/adult-use
https://www.maine.gov/dafs/ocp/adult-use/application-process
https://en.wikipedia.org/wiki/Cannabis_in_Maine
https://wanderingthroughmaine.com/dispensaries-in-maine/
https://www.pressherald.com/2019/07/07/fifteen-maine-cities-and-towns-opt-into-legal-pot-more-expected/#:~:text=Communities%20opting%20in%20include%20Auburn,health%20and%20safety%20education%20campaign.
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