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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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