Cannabis Revenue in Montana

What is happening? Montana has had recreational cannabis sales for 1 weekend. That weekend amounted to $1.5M in sales in MONTANA., that’s $300,00 in tax revenue.

Why is this important? Montana has a sales tax rate of 20% for cannabis. Montana will also allocate the first $6 million in revenue to fund a Medicaid program to increase behavioral health and addiction treatment. The next 20% to wildlife programs and following that $300,000 for law enforcement grants.

How will this be important? COVID has not slowed cannabis revenue

AP | Recreational marijuana sales in Montana top $1.5 million in first weekend