Maryland Cannabis Taxes Generate Over $18M In Quarterly Revenue

Maryland adult-use cannabis sales generated about $18.4 million in tax revenue for the state from April to June this year. Maryland collected about $18.4 million in cannabis industry tax revenue between April and June 2025, the Maryland Comptroller’s Office announced Thursday in a quarterly report.

According to the report, the Maryland Cannabis Administration was allocated $9,790,089 of the quarterly revenue to cover the agency’s “operations and administrative expenses.”

Of the remainder, $3,003,593 was allocated to the Community Reinvestment and Repair Fund (which gets 35%); $429,085 was allocated to local governments (counties and municipalities), the Cannabis Public Health Fund, and the Cannabis Business Assistance Fund (which each get 5%); and the remaining 50% was allocated to the state’s General Fund.

The third quarter total for fiscal year 2025 easily outpaced the previous quarter’s cannabis tax revenues of about $17.5 million. Starting on July 1, however, Maryland increased its cannabis industry tax rate from 9% to 12% under legislation adopted by lawmakers earlier this year. New revenue generated by the 3% increase will be allocated to the state’s General Fund, but any increase in revenues will not be reflected until the next quarterly report.

Maryland voters passed the state’s cannabis legalization ballot question in 2022.

Last year, Gov. Wes Moore (D) issued over 175,000 pardons for cannabis-related convictions, and then he issued another 7,000 cannabis pardons in June, one year later.