Maryland Collects $26.2 Million in Cannabis Tax Revenue in First Quarter

Maryland Collects $26.2 Million in Cannabis Tax Revenue in First Quarter

ANNAPOLIS — The Maryland Office of the Comptroller has reported that the state collected $26.2 million in cannabis sales tax revenue between January and March 2026. Maryland law imposes a 12% sales and use tax on retail sales of adult-use cannabis and cannabis products. On July 1, 2025, the tax rate increased from 9% to 12% under the Budget Reconciliation and Financing Act of 2025, with the additional 3% allocated to the state’s General Fund bef…

Maryland collects $26.2 million in cannabis tax revenue from January to March

ANNAPOLIS, MD–The state of Maryland collected $26.2 million in cannabis sales tax revenue during the first three months of the year, state officials announced this week. The Maryland Office of the Comptroller released the revenue figures covering January through March 2026. Under state law, a 12 percent sales and use tax is imposed on retail sales of adult-use cannabis and cannabis products, with the resulting funds redistributed across the stat…