Maryland marijuana stores sold roughly $97 million worth of product in September.
According to data released by the research firm Headset, there was $97.4 million worth of marijuana and marijuana products sold legally in September. Although this is a drop from the record-breaking $100.6 million sold in August, it marks a nearly 5% increase from sales total from the previous September.
The year-to-date total for marijuana sales in Maryland is now approximately $850 million.
According to data released recently by the Comptroller of Maryland, the state collected over $22.3 million in tax revenue from licensed marijuana sales between April and June of this year, a 52% increase from the previous quarter.
Maryland voters legalized recreational marijuana in 2022. The law allows those 21 and older to possess up to 1.5 ounces of dried marijuana flower and 12 grams of marijuana concentrates. The first licensed marijuana store opened on July 1, 2023.
In Marykand, recreational marijuana is subject to a 9% state tax and up to a 3% local tax, though medical marijuana patients are exempt. The Maryland Cannabis Administration oversees the industry, with the Division of Cannabis Regulation and Enforcement handling licensing and regulatory duties.
Approximately 30% of marijuana tax revenue is allocated to the Community Reinvestment and Repair Fund, which supports programs in communities historically impacted by drug policies. This includes workforce development, youth recreation, and reentry services for individuals with past marijuana convictions. Public education receives about 25% of the revenue, aiding schools and early childhood education initiatives. Around 20% is dedicated to substance abuse treatment and prevention programs. About 15% covers administrative costs for regulating the marijuana program, while the remaining 10% goes to the state’s general fund.
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