Montana proposal could give medical marijuana businesses a boost

A Republican lawmaker in Montana is seeking to eliminate sales taxes on medical marijuana, a move that could breathe life into the state’s struggling MMJ market.

The dwindling number of MMJ patients in Montana currently pay a 4% state sales tax as well as a 3% local tax in certain jurisdictions.

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But both would be eliminated if House Bill 420 becomes law.

The measure was introduced Wednesday by state Rep. Mike Hopkins, a Missoula Republican.

Hopkins wants to cut the MMJ tax because adult-use cannabis sales generate adequate tax revenue, the Helena Independent Record reported,

Montana recorded $48.5 million in adult-use tax revenue on $230 million worth of sales since the legal market launched in January 2022.

The state levies a 20% excise tax on adult-use sales, and localities may add an additional 3% tax.

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In the year since adult-use

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A Republican lawmaker in Montana is seeking to eliminate sales taxes on medical marijuana, a move that could breathe life… Continue reading
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