In the third month of legal recreational marijuana sales (September), Maryland marijuana stores sold just over $90 million worth of marijuana and marijuana products.
In total there was $90,775,416 in marijuana purchased in September, a slight decrease from the $91.7 million sold in August but an increase over the $87.4 million sold in July.
$36,516,313 of the marijuana sold in September was purchased by authorized medical marijuana patients, while $54,259,102 was purchased by recreational consumers.
Although total marijuana sales were lower in September than in August, recreational marijuana sales were slightly higher – $54.2 million compared to $53 million.
A considerable majority of the marijuana sold – $50 million worth – was dried marijuana flower, with there being around $25 million in marijuana concentrates sold.
Maryland’s marijuana law was passed by voters in November, 2022, allowing those 21 and older to possess up to 1.5 ounces of marijuana, 12 grams of marijuana concentrates and marijuana edibles infused with up to 750 mg of THC. The law took effect on July 1, 2023, which is when the first recreational marijuana store opened.
Regulations for the marijuana industry is overseen by the Maryland Cannabis Administration, with the Division of Cannabis Regulation and Enforcement tasked with reviewing, approving and issuing licenses for marijuana businesses. The Maryland Cannabis Administration is the group responsible for compiling and publicly releasing marijuana sales data.
Under the new law marijuana is taxed at 9%, with medical marijuana patients exempt. Localities are not allowed to ban dual outlets that sell medical and recreational marijuana, nor can they establish a city specific tax.
