Maryland cannabis market hits $100 million in a month, taxes reach $22 million for Q2

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Maryland sales hit $100 million in overall monthly legal cannabis revenue in August 2024. Just cannabis flower sales raked in $44 million in the adult use market, but the medical market continues a slight decline. 

This flood of profit continues as Maryland also announced over $22 million in taxes collected in quarter two across the state, according to a quarterly report released by the comptroller of Maryland. 

The central region generated the most tax revenue, over $11 million. Almost $8 million in tax revenue was distributed to the Community Reinvestment and Repair Fund, and over $11 million was invested in the state’s general fund. Maryland counties, the Cannabis Public Health Fund and the Cannabis Business Assistance Fund received a little over $1 million each.  

The average price per gram of cannabis in Maryland was just under $10. Maryland’s market continues to dominate the DMV region. Sales in September are likely to help the state hit a half billion in revenue in 2024.

Find Licensed Dispensaries:

As unregulated shops close, you may be looking for a new regular dispensary. To find a legal and licensed medical cannabis provider, browse our map of ABCA licensed dispensaries approved to serve patients who are D.C. residents and non-residents. If you don’t have a medical certification, you can self-certify via the link below.

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