Montana Pot Sales See Increase in June

Montana Pot Sales See Increase in June
High Times

Recreational pot sales continue to soar in Big Sky Country, with Montana reporting a record high total last month. The state’s Department of Revenue reported that adult-use cannabis sales in Montana totaled more than $17 million in the month of June—the highest figure since recreational pot sales began in January. Between recreational and medical pot, Montana has generated nearly $150 million in combined cannabis sales this year. According to local news station NBC Montana, the combined recreational and medical sales have generated nearly $21 million in state taxes so far this year. Recreational cannabis is taxed at 20% in Montana, whereas medical cannabis has only a 4% state sales tax. Not surprisingly, recreational pot sales have outpaced medical cannabis sales in the state. From January through June, Montana’s new recreational cannabis program has generated $93,747,110, compared with $54,324,681 in medical cannabis sales. The state had previously projected $130 million in recreational cannabis sales this year, and more than $195 million in 2023. Recreational pot sales in Montana kicked off to great fanfare on New Year’s Day. It was one of four states that passed ballot measures legalizing adult-use cannabis in 2020 (Arizona, South Dakota, and New Jersey were the other three). On the opening weekend, cannabis sales totaled more than $1.5 million in Montana. The local newspaper, the Independent Record, reported at the time that dispensaries in the capital city of Helena “had lines of people packed inside to avoid cold temperatures, while others saw a small but steady stream of foot traffic through noon.” Local television station KTVH reported that the program launched in January with an “estimated 380 dispensaries in 29 counties are now able to sell marijuana to both medical and recreational customers.” Following the successful passage of the legalization ballot measure, lawmakers in Montana promptly passed…

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Source : Montana Pot Sales See Increase in June

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