The state of Montana collected $1.8 million in the first year of taxing the medical marijuana industry, according to government officials. The Montana Department of Revenue also reported that the state’s medicinal cannabis businesses had generated approximately $45 million in sales during the first year of taxation.
State revenue director Gene Walborn told local media that the department was happy with the rollout of taxes on Montana’s medical marijuana industry.
"We were pleasantly surprised on how well it went," he said. "It being a new tax, we were concerned what challenges you receive with a new tax."
Medical Marijuana Taxes Began Last Year
Montana began levying a quarterly tax on canna...
Read the full story
SmokeTools is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties.