In Montana July broke a record for the most legal marijuana sold in a single month.
According to data released by the Montana Cannabis Control Division, licensed marijuana stores sold $28,552,001 worth of marijuana and marijuana products in July. This beats the previous record of $27,098,679, set in March of this year, by nearly $1.5 million.
The marijuana sales total for July was $1.6 million more than the total for June ($26,935,335) and $2.5 million more than May ($26,096,828). Of the $28.5 million in marijuana sold, $23,505,205 was purchased by recreational consumers with $5,046,795 purchased by medical marijuana patients. These sales resulted in around $4.5 million in tax revenue.
Total marijuana sales since the first recreational marijuana store opened in January, 2022 is now $487,540,676, resulting in $76,488,403 in tax revenue for the state. $356,167,352 of the $487 million was purchased by recreational consumers, with $131,373,324 was purchased by someone who has a valid medical marijuana authorization.
In Montana’s those 21 and older are allowed to possess up to one ounce of marijuana, with marijuana taxed at 20% for recreational marijuana, and 4% for medical marijuana. The law legalizing recreational marijuana was passed in 2021, with the first marijuana store opening in January, 2022.
More information on marijuana sales and tax revenue in Montana can be found on the website for the Montana Cannabis Control Division by clicking here.
