Montana takes in $300K in medical marijuana taxes
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October 20, 2017
BILLINGS, Mont. (AP) — Montana medical marijuana providers 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 brought in $30,000 in cash.
The 4 percent tax on providers' gross revenue of the medical marijuana industry began on 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 in July 2018.
Nearly 19,000 medical mar...
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