Maryland marijuana sales continue to grow with $100 million in August | How to order Skittles Moonrock online

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Maryland’s relatively new marijuana market continues to grow, with sales of just over $100 Million in August. Figures Maryland Cannabis Administration

The agency reported that the state is on track to beat the national average of $73 million for recreational marijuana sales and $27 million for medical marijuana sales. Sales of $1.1 billion Maryland’s first operational year, which began in July 2023.

According to MCA statistics, Maryland dispensaries sold 755.7 million dollars worth of cannabis products in the first quarter of 2024. The average price per gram was $9.64. Total sales since last year’s launch of the market now total $1.3 billion.

The state has seen a significant increase in cannabis tax collection, even though the market hasn’t seen an enormous new surge. Monthly sales have consistently been over $90 million for the entire calendar. state comptroller reportedThe second quarter of this year saw a 52% increase in revenue compared to the first.

“The market for marijuana continues to grow in Maryland, and has shown the capacity to create new employment, new investments, and new opportunities. This is especially true for areas that have been marginalized and left out by a changing economic environment,” Comptroller Brooke Lierman stated in a press release.

The MCA reported that cannabis flowers were the most popular product for marijuana users in the state. In August, recreational sales totaled $44 million and medical sales reached $15 million.

Concentrates, including vape carts, came in second with $21 million in recreational sales in August and $8 million for medical sales. Cannabis edibles came in third place, bringing in $8 million for recreational sales and $4 millions for medical sales.