The Department of Administrative and Financial Services is in charge of licensing and regulating all cannabis businesses in the state. They consult with the Department of Public Safety regarding any regulations that may concern the public or law enforcement matters.
Dispensary licenses are only issued to Maine residents. If primary ownership is held by a business, all general partners must be residents. They must also own majority shares in the company.
Dispensaries must apply for a state license and then seek local authorization. Each entity is limited to four dispensary licenses at this time.
Maine has some of the most affordable application and licensing fees in the nation. To apply, you must remit a $250 payment to the DAFS. The annual licensing fee will be a maximum of $2,500, depending on business size. Cannabis is only subject to a 10% sales tax, creating an especially favorable market for vendors.
If you require additional information on payment processing laws in the state of Maine and how they affect your cannabusiness, contact a Paybotic representative today for assistance.
Maximizing your growth potential requires a reliable Maine ISO partner like Paybotic. Our experts will analyze the unique demands of your business and develop a customized payment processing solution.
Some of our offerings are:
Paybotic can meet the needs of any high-risk legal cannabis vendor. Whether you want to maintain a traditional storefront or solely operate online, we have the expertise you need. Our full suite of services also includes bookkeeping, payroll management, and human resources. We will optimize your business model so that you can focus on serving your customers.
Paybotic is considered to be at the cutting-edge of the payment processing industry. We offer best-in-class customer service, along with:
When you partner with Paybotic, you are getting access to secure Maine cannabis payment processing services. We are a customer-oriented firm that will help you take your business to new heights!
If you are ready to learn more, contact Paybotic at the link below for more information or to begin the application process. We look forward to hearing from you.