Newly released figures from the Maryland Cannabis Administration reveal that the state’s marijuana industry generated $1.14 billion in total sales in 2024.
December alone accounted for $98,867,338 in sales, with $74 million from recreational purchases and the remainder from medical marijuana. The average price per gram in December was $9.43.
Breaking down December’s sales, dried marijuana flower remained the top product, generating $46 million in revenue. Concentrates followed with $30 million, while edibles contributed $12.5 million to the monthly total.
Maryland legalized recreational marijuana through a ballot measure approved in November 2022, and adult-use sales began on July 1, 2023. The law allows those 21 and older to purchase and possess up to 1.5 ounces of marijuana.
In Maryland, 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.
