In the first week of legal recreational sales consumers purchased over $20 million worth of marijuana and marijuana products.
Legal recreational marijuana sales began in Maryland on July 1, and according to data released by the state between July 1 and July 7 there was $20.9 million in marijuana sold. $10.4 million of this came during the first weekend, including $6 million on Sunday.
Maryland’s marijuana law allows licensed marijuana stores to sell marijuana as well as marijuana products such as concentrates, topicals and edibles, to anyone who’s at least 21 years older. The purchase limit is 1.5 ounces of dried marijuana flower, up to 12 grams of concentrated marijuana products such as hash or oil, and marijuana edibles infused with up to 750 mg of THC.
As of July 1, around 100 medical marijuana dispensaries became “dual outlets” allowing them to sell both medical and recreational marijuana. Stand-alone recreational marijuana stores are expected to open next year.
Regulations for the marijuana industry is overseen by the Maryland Cannabis Administration, with the Division of Cannabis Regulation and Enforcement tasked with reviewing, approving and issuing licenses for marijuana businesses.
Under the new law marijuana is taxed at 9%, with medical marijuana patients exempt. Localities are not allowed to ban dual outlets that sell medical and recreational marijuana, nor can they establish a city specific tax.
