State marijuana tax collections top $2.7 million in August, $21 million for year September 6, 2022 By Griffin Coop The state medical marijuana industry produced more than $2.7 million in tax revenue last month, according to data from the state Department of Finance and Administration. The state collected $1.38 million in sales tax revenue and $1.32 million in privilege tax revenue in August. The sales tax revenue was up slightly from last month and was the highest collection since May. The privilege tax revenue was down slightly from last month and was the lowest collection since May. The state collects a 6.5% sales tax and a 4% privilege tax on medical marijuana sales. Dispensaries also pay the privilege tax when they make purchases from dispensaries. The $1.32 million in privilege tax collections include more than $443,000 submitted by cultivators and $878,000 submitted by dispensaries. The state medical marijuana industry has generated more than $21 million in tax revenue this calendar year and more than $78 million since the program started in 2019.Â
