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Medical Cannabis Sales In Rhode Island Set New Annual Record

Three dispensaries together sold about $59.7 million worth of cannabis

As the state begins taking applications this month to run six additional medical marijuana dispensaries, figures show the existing three dispensaries enjoyed another record-breaking year for sales.

For the fiscal year that ended June 31, the three dispensaries together sold about $59.7 million worth of medicinal marijuana, reports the state Department of Business Regulation.

That estimate is based on the 4% surcharge the state imposes (on top of the 7% sales tax) on dispensary purchases.

In fiscal year 2019, the dispensaries sold about $53.5 million — which was then about $15.3 million more in marijuana sales than the previous fiscal year.

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