Cannabis Legalization History in Maine
As a whole, Maine residents have been very open to the legal cannabis industry. Voters elected to authorize medical cannabis in 1999 via ballot. The state legislature quickly got to work creating the necessary framework to regulate the new industry. Medical cannabis sales began the following year and have been growing ever since.
Recreational cannabis was approved in 2016, again by ballot. The existing network was expanded to account for the growing market. Recreational sales began in 2017.
Maine Cannabis Payment Processing Solutions
The quiet state of Maine is home to a lucrative and efficiently regulated cannabis industry. The state was one of the first to legalize medical-use cannabis. They also authorize recreational consumption for adults, creating plenty of opportunities to tap into this booming marketplace.
Despite Maine’s relatively accessible dispensary laws, obtaining the backing of a traditional financial institution can still be challenging. This is due to cannabis bans at the federal level. Many dispensaries attempt to circumvent these challenges by operating on a cash-only basis, but this approach has plenty of drawbacks.
The better option is to partner with a payment processing team like
Paybotic. We offer tailored payment solutions for high-risk industries, including the legal cannabis market. We will get you approved fast and get to work creating a reliable processing infrastructure for your business.
If you are ready to learn more,
call or click the contact button below for more information on how our services can meet the payment processing needs of your Maine canna-business. We look forward to hearing from you. Paybotic today