In Montana, cannabis businesses must pay a 4% medical marijuana tax. Alternatively, local jurisdictions may add a 3% excise tax, as did Missoula and Park counties. In addition, under Montana marijuana laws, consumers may possess up to one ounce of usable marijuana in their home. In addition, edible marijuana products containing up to 10 mg THC per serving are legal.
As of Jan. 1, 2022, any adult 21 years of age or older may purchase marijuana products. As with other states and countries, an adult must present valid identification and be over 21 years old. Marijuana businesses in Montana may only sell flower, edibles, tinctures, and concentrates produced within the state. The dispensaries will be required to keep customer information confidential. However, dispensaries should be aware of these restrictions when leasing space.
With legal recreational marijuana sales in Montana, the number of dispensaries is expected to increase, increasing competition for existing businesses. The new laws are designed to ensure a safe environment for patients who need treatment and the health of their families. But there is some concern that the new laws could lead to a shortage of products. As a result, some providers have already begun purchasing cannabis wholesale instead of growing it themselves. While it is unclear exactly how many people will be using recreational marijuana, a recent study found that 14% of Montana adults have used cannabis in the last month. With more competition, this means that medical marijuana businesses could suffer, while recreational users have an advantage.
As a result of the election, the legislature has reached an agreement on a plan for legalizing cannabis. The voters approved two ballot initiatives in May that legalized cannabis for adults over 21 years old. The new law, referred to as House Bill 701, merely amends the first initiative, but retains most of the original language. After months of deliberation, the legislators agreed to allocate the tax revenue.
Montana Marijuana Laws and Local Dispensaries
In addition, recreational marijuana sales will begin in Montana in January 2022. The legalization policies were approved by a majority of voters, although they have been restricted in some counties because they had opposed Initiative 190. Additionally, a specialized license is required to sell marijuana. The state government will require businesses to register and have a separate department to regulate the process. There are also restrictions on the number of dispensaries that can operate in Montana.
Legalization in Montana will bring more health benefits to the state. It is expected to increase the state’s economy by nearly $300 million by 2025. However, marijuana is still illegal for sale and consumption in some places, including public places. And driving while high is illegal. In the meantime, if you want to enjoy the benefits of legal cannabis, visit your local dispensary. If you are in Montana, consider purchasing marijuana. It may make sense for you and your family.
Once legalized, residents of Montana can legally possess up to one ounce of marijuana. They cannot exceed eight grams of concentrate. They can also purchase marijuana products in the form of marijuana oil or other cannabis products. This product cannot be sold or consumed in public places and must contain the resin extracted from marijuana. Lastly, consumption is illegal in public areas, except in designated locations. It is also prohibited in boats and aircraft.