Montana Cannabis Tax Updates as of March 1, 2023
As you may already know, Montana recently legalized the sale of recreational cannabis through a ballot initiative known as Initiative 190. This initiative established a 20% tax on recreational cannabis sales, with the revenue being directed towards various programs and purposes.
We believe it's important for our customers to know where their tax dollars are going. By purchasing cannabis products from our dispensary, you are contributing to the growth of Montana's economy and supporting important programs and services in our state. In addition to generating tax revenue, the legalization of recreational cannabis has created new job opportunities and boosted tourism in Montana.
Here's a breakdown of where the tax revenue generated from cannabis sales goes:
• 10.5% goes to the state's general fund, which supports various government programs and services.
• 4% goes to local governments where cannabis is sold. This revenue can be used for various purposes such as infrastructure, public safety, and education.
• 4% goes to substance abuse treatment and prevention programs.
• 1% goes to veterans' services.0.5% goes to the Montana Highway Patrol.
We take pride in being a part of this emerging industry in Montana, and we are grateful for your support. If you have any questions about the tax revenue generated from cannabis sales in Montana, please don't hesitate to ask our staff. We're here to help you make informed decisions about your cannabis purchases. Thank you for choosing our dispensary, and we look forward to serving you soon!
