Montana takes in $300,000 in medical marijuana taxes

BILLINGS, Mont. (AP) — Medical marijuana providers in Montana paid about $300,000 in taxes for the three months ending in September.

Department of Revenue spokeswoman Mary Ann Dunwell told The Billings Gazette that most providers paid about $800 in taxes, but one paid $30,000.

A 4 percent tax on providers’ gross revenue of the medical marijuana industry began July 1. The proceeds will be used to administer the medical marijuana program, which is run by the Department of Public Health and Human Services. The tax rate will drop to 2 percent next July.

Nearly 19,000 medical marijuana patients and 616 providers were registered with the state in August. Dunwell said about 315 providers made tax payments.

https://www.cannabiscarepa.org/wp-content/uploads/2017/10/web1_montana.jpg

Leave a Reply

Your email address will not be published. Required fields are marked *