Montana’s recreational marijuana industry posted around $13 million in sales between January 31 and February 27, according to the state Department of Revenue, reported Daily Montanan. Although local cannabis businesses owners expected low foot traffic as February approached its end, they were impacted by the affluence of customers who spent $3.4 million in the last week of the month.
On top of the 20% statewide retail tax on recreational marijuana, which has generated $5.2 million in the last two months, some localities have imposed a 3% excise tax.
J.D. “Pepper” Petersen, the head of the industry group Montana Cannabis Guild, cautioned cannabis businesses against treating the market’s first two months as a trend. In fact, he said he's expecting sales to spike in the summer.
