Tag: Montana

Montana Breaks Monthly Record With $27 Million in Legal Marijuana Sales in March

In Montana there was $27,098,679 in legal marijuana and marijuana products purchased in March, resulting in $4.5 million in taxes. Of the just over $27 million in marijuana sales, $21,223,782 came from recreational marijuana, with the remaining $5,874,897 from the purchase of marijuana for medical use. The year-to-date total for 2023 is now $76,575,277. The …

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Montana House Votes 65 to 35 to Redirect Marijuana Tax Revenue to General Fund

Montana’s full House of Representatives have passed House Bill 669 through its second reading. Filed by State Representative Bill Mercer, House Bill 669 passed the House in its second reading 65 to 35, just a few days after it passed the Appropriations Committee 15 to 8. It will now need to pass through a 3rd …

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Montana Committee Votes in Favor of Redirecting Marijuana Tax Revenue

The House Appropriations Committee voted 15 to 8 today to approve a large overhaul of how tax revenue from legal marijuana sales is handled. Montana House Bill 669 was filed by State Representative Bill Mercer. It would move marijuana tax revenues out of programs dedicated to wildlife habitat, state parks, trails and recreational facilities and …

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Legislation to Legalize Medical Use of Psilocybin Filed in Montana Senate

A bill that would allow for the medical use of psilocybin, the hallucinogenic ingredient in magic mushrooms, has been filed in the Montana Legislature. House Bill 955 was officially introduced in the House of Representatives yesterday. The proposed law would allow those with post traumatic stress disorder (PTSD), an anxiety or depressive disorder or a …

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Montana: $353 Million in Legal Marijuana Sold Between January, 2022 and February, 2023

In Montana there was $353 million in legal marijuana sold between January, 2022, and February of this year, resulting in over $50 million in taxes. In total since January, 2022 Montana sold $248,407,983 million in recreational marijuana and $104,632,495 million in medical marijuana, for a total of $353,040,478 in sales. January, 2022 was the first month …

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Over $200 Million in Recreational Marijuana Sold in First Year of Legal Sales in Montana

In Montana there was over $200 million in recreational marijuana sold in the first year of legal sales, garnering over $40 million in new taxes for the state. In total $202,947,328 in recreational marijuana and marijuana products were legally sold in Montana in 2022, the first year such sales were legal. This is according to …

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