Maine drops residency requirement for recreational marijuana businesses
Since Mainers voted to pass the Maine Marijuana Legalization Act in 2016, lawmakers have been wrestling with how to regulate sales. Last week, recreational marijuana businesses in Maine cleared a major hurdle to operation as the state lifted the residency requirement, which was the biggest obstacle to Maine's cannabis industry getting off the ground. Maine now joins Colorado and Oregon as legalized states that have abandoned resident-only licensing mandates.
“Access to capital is crucial in this industry if you want to be successful, not just for Wellness, but for the broader industry, too,” Wellness attorney Matt Warner said. “The residency requirement was the single biggest impediment to getting the industry off the ground quickly and efficiently.”