For the second straight month marijuana sales in Rhode Island set a new monthly record.
There was $9,170,619.08 in legal marijuana and marijuana products sold in June throughout Rhode Island, according to data released by the Rhode Island Department of Business Regulations. This surpasses the $8.89 million sold in May, at the time a monthly record.
$2,877,986.35 of the $9.1 million sold in June was purchased by medical marijuana patients, with $6,401,678.67 being purchased by recreational consumers.
According to the state, the average sales receipt per marijuana-related transaction was $26.23 in June, an increase of nearly $0.70 from May.
The breakdown of marijuana products purchases for June is as follows:
- Pre-Packaged Bud: 169,50
- Raw Pre-Rolls: 146,997
- Edibles: 65,711
- Vape Cartridges: 46,696
- Concentrates: 12,725
- Infused Pre-Rolls: 10,442
- Infused Non-Edible: 1,514
- Tinctures: 1,007
- Topicals: 751
Rhode Island passed their marijuana legalization law in July, 2021. The law allows those 21 and older to purchase up to an ounce of marijuana from a licensed retail outlet, and they can grow up to 12 plants for personal use. Marijuana receives a 10% excise tax which is in addition to the 7% statewide sales tax and a local tax of up to 3%. Medical marijuana patients are required to pay the 7% sales tax, but not the 10% excise tax.
More articles from The Marijuana Herald can be found below.
