HELENA, Mont. (AP) — Montana’s recreational cannabis sales through the first quarter of the market’s first year are outpacing projections and it’s not even tourism season yet.
Montana providers have sold $72.9 million in cannabis products, including both medical and recreational, since the start of 2022, according to figures released April 6 by the Montana Department of Revenue. Recreational cannabis had its biggest month yet in March with nearly $15.9 million in sales. Medical sales came in at $9.8 million.
To date, recreational cannabis sales have totaled more than $43.5 million, setting Montana on track to reach $174 million by the of the year. But efforts to push recreational cannabis sales out of Montana’s largest county may hamper that trajectory, and a perennial cannabis opposition group says it’s launching a county-by-county campaign to ban recreational marijuana business where the margins on the 2020 legalization vote were slim.
Last year the state budget office projected Montana would see $130 million in recreational sales in 2022. That number was adjusted down from earlier projections made by economists which expected Montana might see more than $200 million in sales. State fiscal analysts had drawn the numbers down due to lawmakers enacting more more extensive regulations than what was in the ballot initiative prior to the state’s legalization vote in 2020. [Read More @ US News]
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