There was more legal marijuana sold in May in Maryland than in any previous month.
According to data released by the Maryland Cannabis Administration, $96,861,897 worth of legal marijuana and marijuana products were sold in May. This is $4.5 million more than the total sales for April.
Approximately $67 million of these sales came from recreational marijuana consumers, with the remaining $30 million purchased by medical marijuana patients. Year to date, Maryland’s legal marijuana market has generated $462.2 million in sales.
In terms of product breakdown, dried flower remained the most popular category, accounting for $59 million in sales. This was followed by marijuana concentrates at $26 million and infused edibles at $13 million.
The average price per gram of marijuana in Maryland dropped slightly from $9.69 per gram to $9.64.
Maryland legalized marijuana through a voter initiative in 2022, allowing individuals aged 21 and older to possess specified amounts of marijuana products. The first licensed marijuana store in Maryland opened its doors on July 1, 2023, marking a significant milestone in the state’s cannabis industry.
Under Maryland law, marijuana is subject to a 9% tax, although medical marijuana patients are exempt from this tax. Moreover, localities are prohibited from banning outlets that sell both medical and recreational marijuana, and they cannot impose city-specific taxes on marijuana sales.
The Maryland Cannabis Administration oversees regulations for the marijuana industry, with the Division of Cannabis Regulation and Enforcement responsible for licensing and supervision of marijuana businesses.
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