For the fifth straight month marijuana sales in Rhode Island were between $9 million and $9.7 million.
Licensed marijuana retail outlets sold $9,430,642 worth of product in October, according to data released by the Rhode Island Department of Business Regulations. $2,381,005 of this was purchased by medical marijuana patients, with the remaining $7,049,637 sold to recreational consumers.
The average sales receipt per marijuana-related transaction was $25.64, a $0.47 decrease from the $26.11 average in September.
The breakdown of marijuana products purchased in August is as follows:
- Pre-Packaged Bud: 162,291
- Raw Pre-Rolls: 171,489
- Edibles: 65,313
- Vape Cartridges: 49,146
- Concentrates: 12,058
- Infused Pre-Rolls: 12,058
Marijuana sales in October garnered over $1.3 million in tax revenue for the state.
Year-to-date marijuana sales is now $88.6 million, resulting in around $13 million in tax revenue.
Under Rhode Island’s recreational marijuana law, passed in 2021, those 21 and older are allowed 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.
At the end of October the Rhode Island Cannabis Control Commission officially launched its new website.
