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Montana politics, elections and legislative news

Montanans spent $300 million on marijuana in 2022, state officials say

Cannabis in jars. Stock photo.
iStock
Cannabis for sale at a dispensary.

Montanans purchased more than $300 million worth of marijuana in the first year of recreational sales. Lawmakers recently heard that and other updates from state regulators.

Montana’s marijuana industry includes 432 dispensaries, employs more than 4,000 people and contributes millions of dollars of tax revenue

“Right now there's $35,460,147 in taxes that have been collected, that is for the first three quarters of this year.”

That’s Kristan Barbour, an administrator of the Montana Cannabis Control Division speaking to the House Business and Labor Committee during the first week of the session.

Barbour informed lawmakers of some of the major concerns for the industry and regulators, including lack of access to traditional banking services that forces businesses to operate in all-cash. Federal legislation sponsored by Montana U.S. Sen. Steve Daines to allow traditional banking for cannabis businesses stalled out in December. Daines’ office says it will continue to work to pass the legislation.

Montana lawmakers during the 2023 session will consider adjustments to the state’s cannabis program as it heads into its second year.

John joined the Montana Public Radio team in August 2022. Born and raised in Helena, he graduated from the University of Montana’s School of Media Arts and created the Montana history podcast Land Grab. John can be contacted at john.hooks@umt.edu
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