Maryland saw more than $22.3 million in tax revenue from adult-use marijuana sales during the second quarter of 2024—a 52 percent increase compared to the prior quarter—according to state officials.
The state comptroller, Brooke Lierman, announced on Tuesday that cannabis tax dollars totaled $22,357,011 for the second quarter, up from $14,671,110 in the first quarter of the year.
Here’s how that tax revenue is being distributed:
Community Reinvestment and Repair Fund: $7,824,954 Local governments: $1,117,851 Cannabis Public Health Fund: $1,117,851 Cannabis Business Assistance Fund: $1,117,851 State general fund: $11,178,504
These latest figures come about two months after the Maryland Cannabis Administration (MCA) announced that the state had reached a different marijuana milestone, with licensed retailers having sold more than $1 billion worth of legal marijuana products since the adult-use market opened last July.
Comptroller Lierman today announced that Maryland collected more than $22.3 million in adult-use cannabis sales tax revenue between Q2 2024, a 52% increase in revenue compared with revenue collected in Q1 of 2024.
Read the full report: https://t.co/RmyCKtxwQA pic.twitter.com/J2lKf0nWxJ
— Comptroller of Maryland (@MDComptroller) September 24, 2024
Meanwhile, the governor of Maryland said last month that as the state works to build upon
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