There was slightly over $28 million in legal marijuana sold in September in Montana.
According to the Montana Cannabis Control Division, there was $28,159,456 in marijuana and marijuana products sold legally in September, a modest decrease over the record-breaking $28,697,312 sold in August. This marks the third straight month where marijuana sales have surpassed $28 million, with July marking the first time the state passed the $28 million mark.
82% of the marijuana sold in September was purchased by recreational consumers, with sales reaching $23,356,918. The remaining $4,802,538 was purchased by those who are authorized medical marijuana patients.
Total marijuana sales since January, 2022 now stands at $544,397,444. The year-to-date sales total is $241 million.
Montana’s recreational marijuana law was passed in 2021, with the first licensed marijuana retail outlet opening in January, 2022. The law allows those 21 and older to possess up to one ounce of marijuana, with marijuana taxed at 20% for recreational marijuana, and 4% for medical marijuana.
Based on the state’s current marijuana tax rate, it garnered just shy of $5 million in taxes from the legal marijuana industry in September
More information on marijuana sales and tax revenue in Montana can be found on the website for the Montana Cannabis Control Division by clicking here.
