Rhode Island’s legal marijuana industry has set a new sales record for the third straight month.
There was $9,465,617 in legal marijuana and marijuana products sold in July in Rhode Island, according to data released by the Rhode Island Department of Business Regulations. This surpasses the $9.1 million sold in June and the $8.9 million sold in May. This marks the third month in-a-row where the monthly sales record has increased.
$2,713,023 of the $9.4 million sold in July was purchased by medical marijuana patients, a slight decrease from June. However, recreational marijuana sales saw a jump to $6,401,678.
According to the state, the average sales receipt per marijuana-related transaction was $25.12 in July, a roughly $1 decrease from June.
The breakdown of marijuana products purchases for June is as follows:
- Pre-Packaged Bud: 186,647
- Raw Pre-Rolls: 160,333
- Edibles: 72,016
- Vape Cartridges: 47,901
- Concentrates: 12,537
- Infused Pre-Rolls: 15,211
- Infused Non-Edible: 1,709
- Tinctures: 936
- Topicals: 976
Of these only concentrates and tinctures saw a decrease from the month prior.
Rhode Island passed their marijuana legalization law in July, 2021. The law allows those 21 and older to purchase up to an ounce of marijuana from a licensed retail outlet, and they can grow up to 12 plants for personal use. Marijuana receives a 10% excise tax which is in addition to the 7% statewide sales tax and a local tax of up to 3%. Medical marijuana patients are required to pay the 7% sales tax, but not the 10% excise tax.
