Maine’s adult-use marijuana tax will increase from 10% to 14% starting Jan. 1 under the $11.3 billion state budget Gov. Janet Mills signed into law this week.
That’s up from the 10% current special levy applied to cannabis – an increase of 40% – and is in line with the highest marijuana sales taxes in New England, according to the Tax Foundation.
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Vermont also applies a 14% sales tax on recreational marijuana, according to the Tax Foundation, and Massachusetts’ adult-use sales tax is 10.75%.
Maine was staring down a projected $450 million deficit over the next two years.
In a statement, Mills said the Maine budget was the “product of various tradeoffs and compromises” amid significant uncertainty in the economy and from
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