Montana marijuana sales break record for August, approach 75% of total market

According to the Montana Department of Revenuelicensed marijuana retailers recorded a record $26.8 million in August in combined medical and adult-use cannabis sales.

This monthly total was a 1% increase from July, although July has five Fridays and five Saturdaysreported Cannabis Business Times.
In addition, the state recorded $7 million in MMJ and $19.8 million in recreational cannabis last month, with the latter accounting for 74% of the total market and growing.

So far in 2022, montana dispensary operatorsa state with approximately 1.1 million inhabitants, sold over $201 million worth of cannabis ($133 million from adult sales). These sales provided the state with nearly $29.3 million in tax revenue.

Yellowstone Countywith a population of 160,000, accounted for approximately $3.2 million in adult sales and $1.3 million in medical sales in August, representing approximately 16.6% of the state’s combined retail market for the month.

Gallatin County saw approximately $3.2 million in adult sales and $915,000 in medical sales; Missoula County had $2.7 million in adult use and $1 million in medical use, and Flathead had about $2.3 million in adult use and $700,000 in medical use.

Blaine, Carbon, Deer Lodge, Lake and Rosebud counties began adding a 3% local tax option for adults and medical sales beginning in September 2022. While Big Horn, Lewis and Clark, Powell, Ravalli (recreational only) and Silver Bow counties will begin adding this local tax option in October.

Cannabis developments in Montana

In 2020, Montana has officially become the 14th state to legalize cannabis for adult use., 58% of voters having said yes to the initiative during the November elections. The initiative legalized the possession and use of one ounce or less of cannabis or eight grams or less of marijuana concentrate by adults over the age of 21.

Additionally, retail marijuana sales for adults 21 and older began in Montana on January 1, 2021.

Recently, Clear Cannabis Inc. (CCI) announced its partnership with Montana’s legal cannabis market via Flower Montanaa licensed cannabis supplier.

“We are thrilled to establish this partnership and to be one of the premier national cannabis brands in the great state of Montana,” said Seth Wiggins, President of CCI. “With a newly legalized adult consumer market, we know there is a growing demand for high quality, consistent cannabis products from a reputable brand. As pillars of brand value, The Clear will certainly live up to the Montana cannabis consumer.

Photo: Courtesy of K O’Shaughnessy on Unsplash