Recreational cannabis sales in Montana neared $16 million in March
Montana recreational cannabis sales approached $16 million last month. Sales in March were the strongest yet since the sale of recreational marijuana was legalized in January.
According to Montana Department of Revenue data, that nearly $16 million in recreational marijuana sales represents a roughly $2.3 million bump over February’s receipts.
A 2020 University of Montana Bureau of Business and Economic Research study said Montana’s fledgling recreational cannabis industry could rack up over $200 million in sales this year. If, as some Montana cannabis industry insiders expect, recreational pot sales strengthen during the summer tourist season, sales may well soon exceed projections.
Consumer interest in recreational marijuana this year has consistently outpaced medicinal cannabis.
Combined, first quarter sales have reeled in nearly $10 million in tax revenue for the state.