Montana’s medical marijuana industry expected to hit $18.7 million this year

BILLINGS – Medical marijuana will soon give a small boost to Montana’s general fund that could eventually rise to hundreds of thousands of tax dollars annually.

Thanks to a new law that went into effect this July, the state will soon collect taxes on about $18.75 million in medical marijuana sales in 2017, the first year

That estimate, released Tuesday by the Montana Department of Revenue, adds up to hundreds of thousands of dollars in tax revenue as providers begin submitting 4 percent of gross sales.

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