Maryland Collects Nearly $22.4M in Cannabis Taxes During Q2 – Ganjapreneur | How to order Skittles Moonrock online

Maryland collected $22.4 million in cannabis tax from April to June – a 52% rise over the previous quarter, according to state data.

The majority of the funds, approximately $11.2 million, was sent to Maryland’s General Fund in accordance with state law. About $7.8 millions were directed to the Community Reinvestment and Repair Fund.

The majority of the state Cannabis taxes More than $11.3 million of this total came from sales in the Central Region of the State. According to the Comptroller’s Office, Western region sales resulted in about $3.8million in taxes collected, while Capital region’s sales brought in about $3.2million. The Eastern region (about $3.2million) and Southern region (873,597) followed.

You can also find out more about the following: MarylandAdult-use cannabis is subject to a 9% tax, of which local governments receive 5%. In a blog, the Maryland Association of Counties noted that this share is “amongst the lowest shares nationally.”

The post states that “despite local responsibilities to manage zoning, safety and health impacts associated with cannabis businesses, local government receives a mere 45c for every $100 of cannabis sales.” Other states, such as New York and Oregon offer counties a fair share through sales or excise taxes, but Maryland’s counties remain financially stressed while they manage these growing responsibilities.

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