Montana Adult-Use Sales Top $43 Million For First Quarter of Year

Montana Adult-Use Sales Top Million For First Quarter of Year
High Times

Three months in, the new adult-use cannabis program in Montana has generated tens of millions of dollars in sales, netting $8.7 million in tax revenue. That comes via the state’s Department of Revenue, which detailed recreational pot sales in the state for the first quarter of the year. In total, the adult-use market that launched at the start of the year has produced $43,537,110.29 in sales. For comparison, the state’s medical cannabis program generated $29,373,731.81 worth of sales during the same time period. Montana voters legalized recreational cannabis for adults during the 2020 election, one of four states to end pot prohibition on the ballot that year (Arizona, South Dakota and New Jersey were the other three). Getting the program ready in time for the start of this year was tight. Officials in the state didn’t propose their final rules to govern the new regulated cannabis marketplace until October, leaving the Department of Revenue very little time to iron out all the regulations. “The deadlines are aggressive,” Kristan Barbour, administrator of the Department of Revenue’s Cannabis Control Division, said at the time. “Really, the rules are our biggest challenge.” “Our focus was really to be business-friendly and to try to work with the industry in a fashion that makes the rules adaptable to their current business structure and that they’ll be able to evolve into without a whole lot of pain,” Barbour added. But despite the time constraints, the regulated cannabis market was open for business as scheduled on New Year’s Day. Local television station KTVH reported that an “estimated 380 dispensaries in 29 counties are now able to sell marijuana to both medical and recreational customers.” In the program’s opening weekend at the beginning of January, Montana reported more than $1.5 million in cannabis sales. The legalization effort in the United…

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Source : Montana Adult-Use Sales Top Million For First Quarter of Year

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