Montana recreational marijuana sales reach $43 million in the first quarter of the year
Written by Redacción Mota Radio on 15 April, 2022
Three months after the launch of the recreational cannabis market in Montana, sales of the substance continue to generate millions in revenue for the state.
As reported by the Montana Department of Revenue, total sales during the first quarter of the year reached 43,537,110.29 dollars and the tax revenue obtained was 8.7 million dollars. Meanwhile, the state’s medical cannabis program generated $29,373,731.81 in sales during the same period.
It is worth mentioning that Montana voters legalized the recreational use of marijuana for adults during the 2020 elections, and the 2021 Legislature passed a bill to implement the program as of January 1 of this year, since then, any adult 21 years of age or older is allowed to purchase marijuana and cannabis products.
As reported by local television station KTVH “approximately 380 dispensaries in 29 counties can now sell marijuana to medical and recreational customers.”
It is important to remember that the start of the recreational program in Montana at the beginning of January was a great success, since, during the first two days of the start of sales, customers bought more than 1.5 million dollars in cannabis products.
There is no doubt that more and more states are encouraged to lift the existing prohibition on marijuana, and, according to High Times, the effort to legalize cannabis in the United States “has been driven by the economic incentives of regulating marijuana sales”.