PORTLAND, Maine — Maine’s recreational pot business is ready for a boom, but is only experiencing a slow burn. There’s plenty of retail consumer demand but the licensing process is slow, making raw materials scarce. That, in turn, slows down the manufacturing pipeline and makes for empty shelves in retail stores. “It’s supply and demand at its worst,” said Dave Page, owner of Coastal Cannabis in Damariscotta. Page was ready to open his store on Oct.

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Sections:  u.s.   
Topics:  Maine   Penobscot County   Bangor   
BING NEWS:
  • New era for pot regulation leaves old problem: Many cannabis companies can’t find a bank
    The problem has forced many businesses to operate only in cash — sometimes vast amounts — making them ripe targets for crime.
    05/4/2024 - 7:16 am | View Link
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    The Biden Administration has proposed easing federal restrictions on marijuana, which is already legal in many US states.
    05/3/2024 - 11:35 pm | View Link
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    If sales from other states are any indication, once Ohio dispensaries can sell recreational marijuana to adults aged 21 and older, medical sales will decline.
    05/2/2024 - 9:46 am | View Link
  • DEA’s big marijuana shift could be a lifeline for California’s troubled pot industry
    Industry insiders say the move, if approved, could become a lifeline to California’s struggling cannabis industry. “We’ve been anticipating this,” said Meital Manzuri, an attorney whose firm ...
    04/30/2024 - 11:13 pm | View Link
  • Pot stocks jump as U.S. DOJ moves to reclassify cannabis as a less dangerous drug
    Shares of cannabis companies surged on Tuesday afternoon after the U.S. Department of Justice (DoJ) moved to reclassify marijuana as a less dangerous drug.
    04/30/2024 - 9:52 am | View Link
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