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Cannabis Tax Revenue Continues To Grow

March 25th, 2024 by WCBC Radio

The Maryland Comptroller’s Office says the state has collected more than $14.5 million in cannabis sales tax revenue between October and December. This is a $2.5 million increase over the inaugural quarter of sales that started July 1. Maryland’s Central region continues to lead the state in generating revenue from cannabis sales, turning in over $6 million in taxes. The Western region of which Allegany County is part, collected $1.7 million.  Cannabis sales are taxed at a rate of 9%.