cannabis
Medical marijuana brought more than $10 million in tax revenue to Md. in FY 2019
@BryanRenbaum
bryan@marylandreporter.com
Medical marijuana produced more than $10 million in tax revenue for Maryland in FY 2019 – exceeding the amount of money the industry brought to state coffers during the previous two fiscal years combined, according to data provided by the Maryland Medical Cannabis Commission. The latest numbers cover the period that ended on June 30, 2019. The total estimated revenue for medical marijuana for that fiscal year is $10,371,437. State expenditures for the fiscal year were $5,608,806. In FY 2018 medical cannabis brought $3,508,494 to Maryland in tax revenue.