Maine’s proposal to limit cannabis licenses would undermine the legal market

In Politics by Michael Rae

These public comments were submitted to the Maine Committee on Veterans and Legal Affairs.

Dear Chairman Hickman and members of the committee: 

On behalf of Reason Foundation, thank you for accepting these comments and making them part of the public record. Reason Foundation is committed to ensuring that state-regulated marijuana markets are competitive, offer widespread opportunities for entrepreneurship, and can successfully transition commerce away from dangerous illicit markets and into the legal market. 

Legislative Document 1391 authorizes regulators to impose a moratorium on the issuance of new cultivation licenses and even renefwals of existing licenses if the wholesale price of cannabis declines