Maryland Reaps $72M From 2024 Cannabis Sales
Adult-use cannabis in the state carries a 9% sales tax
The Maryland Comptroller’s Office reported on March 13, 2025, that the state collected over $72 million in tax revenue from adult-use cannabis sales throughout 2024, with the final quarter (October-December) contributing $17.6 million. The Central Region—spanning Baltimore City and Anne Arundel, Baltimore, Carroll, Harford, and Howard counties—led the state, generating $8.2 million in the last three months, reflecting its dominance across all four quarters.
Adult-use cannabis carries a 9% sales tax, enacted under the Cannabis Reform Act of 2023, with the Comptroller’s Office tasked with collection and distribution. The year’s haul, totaling $72,934,285, marks a significant revenue stream since recreational sales began July 1, 2023. Quarterly figures fluctuated: $14.7 million in January-March, a peak of $22.4 million in April-June, $18.3 million in July-September, and $17.6 million to close the year. The Central Region’s consistent lead underscores its role as Maryland’s cannabis hub, home to over half the state’s 96 dispensaries, per Maryland Cannabis Administration data.
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