In October there was a little over $26 million in legal marijuana purchased in Montana.
In total there was $26,260,538 worth of legal marijuana sold in November, resulting in nearly $5 million in taxes, according to the Montana Cannabis Control Division. The vast majority of this – $21,732,434 – was sold to recreational consumers, while $4,528,104 was purchased by medical marijuana patients.
Year-to-date marijuana sales now stands at around $265 million. Total sales since January, 2022 is $570,657,982, resulting in $90,823,873 in tax revenue. $424,984,713 of these sales were for recreational use, with $145,673,269 of the sales going to those who are authorized to purchase medical marijuana.
The monthly record for marijuana sales remains the $28.5 million sold in July of this year. Marijuana sales data for each month includes the distribution of dried marijuana flower and shake, as well as a variety of marijuana products including edibles, tinctures and topicals.
Montana legalized recreational marijuana in 2021, with the first licensed marijuana retail outlet opening in January, 2022. The law allows those 21 and older to possess up to one ounce of marijuana, with marijuana taxed at 20% for recreational marijuana, and 4% for medical marijuana.
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.
More articles from The Marijuana Herald.
