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Montana adult-use cannabis sales set record in 2025 despite price drop

by Margaret Jackson
January 16, 2026
in Business
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Montana hashish retailers reported a report $327 million in gross sales in 2025, marking one other 12 months of regular progress since adult-use gross sales launched on Jan. 1, 2022, based on state Division of Income information.

Over the previous 4 years, Montana has recorded greater than $1 billion in mixed hashish gross sales, and the market composition has modified.

In the course of the first 12 months of adult-use gross sales in 2022, the market was extra balanced. Gross sales reached $304 million, with medical marijuana merchandise accounting for about one-third of that determine.

Grownup-use gross sales now account for 90% of all hashish purchases, the Montana Free Press reported, citing state information.

Grownup-use hashish gross sales have steadily climbed, whereas the medical marijuana market has skilled a pointy contraction.

From the beginning of authorized gross sales by means of the tip of 2025, month-to-month medical marijuana gross sales plummeted by over 70%.

What are Montana marijuana taxes – and what’s Montana hashish gross sales tax income?

Kate Cholewa, a marijuana coverage lobbyist based mostly in Montana, stated some adult-use purchases are doubtless made by individuals with medical circumstances who could not want massive portions of marijuana. They could not recoup the upfront price of a medical card that may qualify them for a decrease tax charge, she stated.

The rise of the adult-use market has impacted state tax income considerably.

In 2025, the state collected practically $60 million in taxes from hashish gross sales.

Grownup-use merchandise are taxed at 20% – 5 occasions increased than the 4% tax on medical marijuana. Development within the leisure market resulted in a 44% improve in annual tax income between 2022 and 2025.

Since legalization, adult-use gross sales have generated about $207 million in tax income, in comparison with lower than $10 million from medical gross sales.

Are Montana hashish costs falling?

Montana marijuana gross sales are growing regardless of a drop in costs, suggesting the market is stronger than it would look.

Based on the DOR, the typical value of retail objects is dropping throughout the board.

The month-to-month common value of a gram of hashish stood at $5.34 between July 2024 and June 2025, the latest information accessible.

That’s down from over $7 a gram when the market began.

And that’s in keeping with different maturing markets which can be reporting promoting many extra hashish objects amid value drops.

 

 



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