Licensed marijuana retailers in Rhode Island have recorded nearly $20 million in sales so far in 2025, with more than 500,000 transactions processed.
In February, total marijuana sales reached $8.98 million, with $7.40 million coming from recreational purchases and $1.57 million from medical sales. Combined with the $9.57 million sold in January, the state has seen $18,549,963 in total marijuana sales this year. The average transaction amount of $35.14 indicates that 527,887 transactions occurred as of February 28.
The total sales so far in 2025 are close to the $18.89 million recorded during the first two months of 2024. January’s sales of $9.57 million represented a slight drop from the $10.11 million recorded in December but showed a small increase from the $9.50 million sold in January 2024. Of the January total, $7.89 million came from recreational purchases, while $1.68 million was from medical marijuana sales.
Rhode Island’s marijuana market generated $123 million in total sales in 2024, producing over $20 million in tax revenue. Recreational marijuana sales began in late 2022 after legalization in 2021, allowing adults 21 and older to purchase up to an ounce from licensed retailers and cultivate up to 12 plants for personal use.
Marijuana sales are subject to a 10% excise tax, a 7% state sales tax, and up to 3% in local taxes. Medical marijuana patients are exempt from the excise tax but still pay the state sales tax. Tax revenue is distributed to the state’s General Fund, the Social Equity Assistance Fund, and municipalities that host marijuana businesses.
