Mainebiz

V O L . X X X N O. I I I F E B R UA R Y 5 , 2 0 2 4 8 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E Northern Light Radiation Oncology in Brewer began treating patients using a state-of-the-art linear ac- celerator, which generates superior imaging techniques with lower doses of radiation. Northern Light Home Care & Hospice in Brewer was awarded a $614,700 Distance Learning and Telemedicine grant from USDA Rural Development for its telemonitoring program. Bangor-based Northern Light Acadia Hospital received a $1 million grant to fund its new training residency in psychiatry, which begins in July and will be only the second such program in Maine. The grant comes from the Manton Foundation, a New York-based, family-run charitable organization that supports a wide range of New England organizations and causes. Design Build - General Contracting - Construction Management - Engineering W W W . S H E R I D A N C O R P . C O M Reach out to see how we may be able to play a part in your next development, or assist in your next project! ARCHITECTURE | INTERIOR DESIGN LANDSCAPE ARCHITECTURE | MASTER PLANNING LISTEN. INNOVATE. DESIGN. THE MOORING AT THE DOWNS | SCARBOROUGH, ME www.GawronTurgeon.com B I Z M O N E Y Cannabis sales continue surge, but not everyone will benefit B y P e t e r V a n A l l e n S ales of adult-use cannabis in Maine totaled $216.9 million last year, up from $158.9 million in 2022. Last year was just the third full year of legal retail sales. In the first, 2021, sales were $81.96 million, according to data compiled by the state Office of Cannabis Policy. For the month of December 2023, sales of adult-use marijuana totaled $19.3 million, based on 338,983 transactions, selling at an average of $7.35 per gram. Sales last year peaked in July and August, coinciding with the tourism season. Products sold include concentrate, infused products, plants and usable cannabis, which is the largest category, according to regulator data. Maine has 218 licensed stores for cannabis sales. There are also 141 licensed companies devoted to cultivation, 110 handling manufacturing and five involved in testing. Nationwide, sales of medical and adult-use cannabis totaled $33.6 bil- lion last year, with revenue expected to hit $56.9 billion by 2028, according to MJBiz, which covers the industry. Medical marijuana accounts for about a third of the total sales nationally. Sales are expected to continue to climb in Maine, but not all businesses are going to do well, said Jacques Santucci, who monitors the cannabis industry for Portland-based Opus Consulting. "Sales in general are increasing in most markets," Santucci told Mainebiz. "In the meantime, there are more distressed companies, in Maine and other states, mostly in mature markets." S O U R C E : Office of Cannabis Pollicy SALES OF ADULT-USE CANNABIS IN MAINE, IN MILLIONS 2020 2021 2022 2023 $4.28M $81.96M $158.9M $216.9M N O T E W O R T H Y N O R T H E R N & E A S T E R N N O R T H E R N & E A S T E R N 0 $25 $50 $75 $100 $125 $150 $175 $200 $225

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