Maryland Cannabis Tax Revenue Tops $18.4 Million

Maryland Cannabis Tax Revenue Tops $18 Million in First Full Quarter.Maryland collected over $18.4 million in cannabis tax revenue this spring. The funds came from adult-use sales between April and June. The Maryland Comptroller’s Office announced the figures on Friday.This marks the first full quarter of recreational sales since legalization began. The revenue signals strong market performance and significant public participation.

Regional Sales and Tax Allocation Breakdown

The Central Region generated the highest revenue at over $8 million. This area includes Baltimore City and five surrounding counties. The Capital Region followed with more than $4.1 million in collections.The state applied a 9% sales tax during this period. A new 12% tax rate took effect on July 1st. The revenue supports various state initiatives and community funds.

Funds Directed to Community Reinvestment and State Programs

Revenue distribution followed the Maryland Cannabis Reform Act. Nearly $9.8 million first covered administrative costs for the Maryland Cannabis Administration. The remaining funds were then allocated to specific programs.The Community Reinvestment and Repair Fund received over $3 million. This fund targets areas disproportionately impacted by past cannabis laws. Additional millions went to public health, business assistance, and county governments.

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The strong initial revenue demonstrates the successful launch of Maryland’s adult-use cannabis market. This significant tax income is now actively funding critical state programs and community reinvestment efforts across Maryland.

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How much cannabis tax revenue did Maryland collect?

Maryland collected $18.4 million from adult-use cannabis sales. This revenue was generated between April and June. The figure represents the first full quarter of recreational sales.

Where does the cannabis tax money go?

Funds first cover administrative costs for the Maryland Cannabis Administration. Remaining revenue is distributed to community reinvestment, public health, business assistance, and the state’s General Fund.

Which Maryland region had the highest sales?

The Central Region generated the most revenue at over $8 million. This region includes Baltimore City and Anne Arundel, Baltimore, Carroll, Harford, and Howard counties.

What is the cannabis tax rate in Maryland?

The tax rate was 9% for the reported quarter. It increased to 12% on July 1st. The additional 3% is allocated to the state’s General Fund.

What is the Community Reinvestment and Repair Fund?

It is a fund that receives 35% of quarterly cannabis tax revenue. The money supports initiatives in communities historically affected by cannabis prohibition policies.