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Maryland Marijuana Tax Revenue Surges 52% To $22 Million In Second Quarter Of 2024, State Officials Say

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Maryland saw more than $22.3 million in tax revenue from adult-use marijuana sales during the second quarter of 2024—a 52 percent increase compared to the prior quarter—according to state officials.

The state comptroller, Brooke Lierman, announced on Tuesday that cannabis tax dollars totaled $22,357,011 for the second quarter, up from $14,671,110 in the first quarter of the year.

Here’s how that tax revenue is being distributed: 

Community Reinvestment and Repair Fund: $7,824,954 Local governments: $1,117,851 Cannabis Public Health Fund: $1,117,851 Cannabis Business Assistance Fund: $1,117,851 State general fund: $11,178,504

These latest figures come about two months after the Maryland Cannabis Administration (MCA) announced that the state had reached a different marijuana milestone, with licensed retailers having sold more than $1 billion worth of legal marijuana products since the adult-use market opened last July.

Comptroller Lierman today announced that Maryland collected more than $22.3 million in adult-use cannabis sales tax revenue between Q2 2024, a 52% increase in revenue compared with revenue collected in Q1 of 2024.

Read the full report: https://t.co/RmyCKtxwQA pic.twitter.com/J2lKf0nWxJ

— Comptroller of Maryland (@MDComptroller) September 24, 2024

Meanwhile, the governor of Maryland said last month that as the state works to build upon

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Biden pushed for more cannabis clemency (Newsletter: December 13, 2024)

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Poll: Legalization support in WI; German legal marijuana sales pilot rules; Ukraine medical cannabis; Study: Cannabis suppositories for better sex

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/ TOP THINGS TO KNOW

Marijuana reform advocates are pushing President Joe Biden to expand on large grants of clemency he issued on Thursday by freeing people who are still incarcerated for cannabis offenses—and a new poll shows that 59 percent of Americans support additional marijuana and drug pardons.

A new poll shows that 65 percent of voters in rural Wisconsin support legalizing marijuana as Gov. Tony Evers (D) says the issue is a top priority for the 2025 legislative session.

Germany’s federal minister for food and agriculture

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Pennsylvania Lawmakers Announce New Marijuana Bill To Catch Up With Neighboring States That Have Already Legalized

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Two Pennsylvania lawmakers have announced plans to file a new bill to legalize marijuana in the commonwealth to fulfill a “moral obligation” to repair harms of criminalization while also raising revenue.

With the state’s Democratic caucus emboldened after retaining the House in last month’s elections—and Majority Leader Matt Bradford (D) saying there’s a “will” in the chamber to “move forward” with cannabis reform—Reps. Rick Krajewski (D) and Rep. Dan Frankel (D) are now circulating a cosponsorship memo to build support for the forthcoming legislation.

“As a state that continues to criminalize recreational cannabis, Pennsylvania is now an outlier—24 states have legalized the practice, including 5 of the 6 states that border Pennsylvania,” the legislators, who led a series of hearings on cannabis reform over the past year, said.

“But legal or not, Pennsylvanians are consuming marijuana, whether by visiting our bordering states, buying unregulated hemp loophole products at gas stations and vape shops, or purchasing in the illicit market,” they said.

Notably, the memo doesn’t mention the prospect of a state-run cannabis market, which Frankel, who chairs the Health Committee, had previously floated as a possibility. Last year he said that the model is “certainly an option.”

“We have a

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Michigan nears $10 billion in marijuana sales (Newsletter: November 29, 2024)

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Feds want drug consumers on new workgroup; MD psychedelics task force; Study: Medical cannabis in prescription drug monitoring programs

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/ TOP THINGS TO KNOW

The National Institute on Drug Abuse is seeking people with “lived or living experience with drug use” to join a new workgroup to help shape the federal government’s drug research agenda.

Michigan Cannabis Regulatory Agency data shows that the state is poised to hit the milestone of $10 billion worth of recreational marijuana products sold since the launch of the adult-use market by the end of this year.

The Maryland Task Force on Responsible Use of Natural Psychedelic Substances is beginning

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