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Maine panel signs off on rewrite of recreational cannabis law

https://mjbizdaily.com/maine-panel-signs-off-rewrite-recreational-cannabis-law/

Maine’s recreational marijuana law underwent a rewrite by a legislative committee this week that could spell major changes for the program, including an increased tax rate and a two-year residency requirement to own a rec shop.

But Maine Gov. Paul LePage hasn’t expressed much enthusiasm about adult-use marijuana, and committee members are concerned he’ll veto or delay the implementation of the bill, according to the Portland Press Herald.

A final draft of the legislation is expected to be finished by Oct. 10.

Major provisions of the bill include:

  • A 10% excise tax

Maine panel signs off on rewrite of recreational cannabis law is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Brian Wroblewski

Brian Wroblewski has a passion for writing, travel, food and family. Since working in and around the cannabis industry since 2008, Brian brings a unique perspective to the cannabis journalism space. With a focus on emerging brands, moving the cannabis industry forward and an undeniable passion for truth in business and journalism, find some of Brian's posts across the web on digital marketing, cannabis and a variety of different topics.

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