Rhode Island retailers sold $9.8 million worth of marijuana in April, the highest monthly total since December, according to new data released by the Department of Business Regulation.
Of the total sales, $8.16 million came from adult-use purchases and $1.64 million came from medical marijuana transactions. The new figures bring the state’s year-to-date marijuana sales to $38,098,567.
April’s total marks a modest increase over March, which saw $9.75 million in marijuana sales. That followed $8.98 million in February and $9.57 million in January. Rhode Island’s marijuana market, which opened in late 2022, generated $123 million in total sales last year.
Adult-use marijuana purchases in Rhode Island are taxed at 10% excise tax, 7% state sales tax, and up to 3% in local taxes. Medical marijuana is exempt from the excise tax. So far this year, the state has brought in nearly $5 million in tax revenue from marijuana sales.
Marijuana tax revenue is distributed among the General Fund, the Social Equity Assistance Fund, and municipalities that have retail marijuana outlets. Adults 21 and older are legally allowed to purchase up to one ounce of marijuana and grow up to 12 plants for personal use.
