Rhode Island’s legal marijuana industry brought in over $28 million in sales during the first quarter of 2025, according to data released by the state Department of Business Regulation.
(Photo credit: Sasha Beck/Leafly).
In March alone, licensed retailers recorded $9.75 million in total marijuana sales. Of that amount, $8.07 million came from adult-use purchases, while $1.68 million was attributed to medical marijuana sales. That follows $8.98 million in total sales in February and $9.57 million in January, bringing the year-to-date total to $28,300,438.
Altogether, more than 937,000 marijuana transactions were processed in the first three months of the year, with the average transaction amount in March calculated at $34.96.
Rhode Island’s marijuana market, which launched in late 2022, generated $123 million in total sales in 2024. Based on the state’s 10% excise tax on recreational marijuana, along with the 7% state sales tax and up to 3% in local taxes, nearly $5 million in tax revenue has been generated so far this year. Medical marijuana purchases are not subject to the excise tax.
Tax revenue from marijuana sales is allocated to the General Fund, the Social Equity Assistance Fund, and municipalities with licensed marijuana retailers. Adults 21 and older are allowed to purchase up to an ounce of marijuana and grow up to 12 plants for personal use.
