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First Year of Cannabis Sales In The Books

July 8th, 2024 by WCBC Radio

One year in to cannabis legalization, the State of Maryland is celebrating more than $1.1 billion dollars in sales.  Total medical and adult-use retail sales passed one billion  dollars, with $700 million coming from the adult-use market.  2023 saw $800 million in sales in just six months after cannabis became legal on July 1 of that year.

Medical marijuana sales are not subject to sales tax in the state, but the sales from adult-use sales has generated over $60 million in revenue.