Maryland collects over $18.4 million in cannabis tax revenue

ANNAPOLIS, MD—Maryland collected more than $18.4 million in tax revenue from adult-use cannabis sales between April and June, the Maryland Comptroller’s Office announced Friday.

The Central Region of the state, which includes Baltimore City and Anne Arundel, Baltimore, Carroll, Harford, and Howard counties, generated the largest share of revenue, with more than $8 million collected. The Capital region, which includes Montgomery and Prince George’s counties, was second with more than $4.1 million.

The revenue was collected at a 9% sales tax rate, which was in effect for that period. A new tax rate of 12% took effect on July 1, with the additional 3% to be allocated to Maryland’s General Fund…

Story continues

TRENDING NOW

LATEST LOCAL NEWS