The Marijuana Herald – Marijuana news and information
Rhode Island set a new monthly record for marijuana sales in May, surpassing all previous totals since the state launched legal adult-use sales in late 2022.
According to data released by the Department of Business Regulation, licensed marijuana stores sold $10.37 million worth of product in May. That includes $8.68 million from adult-use purchases and $1.69 million in medical marijuana sales.
May’s total exceeds the previous high of $10.25 million set in August 2024 and represents a significant milestone for the state’s growing marijuana industry. The average transaction in May was $34.96, with nearly 300,000 transactions in total. So far in 2025, Rhode Island marijuana retailers have sold $48,466,521 worth of product.
Marijuana purchases by adult-use customers are subject to a 10% excise tax in addition to the 7% state sales tax and up to 3% in local taxes. Medical marijuana is exempt from the excise tax. Revenue from marijuana taxes supports the state’s General Fund, Social Equity Assistance Fund, and municipalities that host marijuana retail outlets…