State collects about $380,000 from medical marijuana tax

10/21/17–State leaders say they have collected about $380,000 in the first three months of a new tax on medical marijuana providers. The new tax took effect July 1 as part of Senate Bill 333, a major medical marijuana reform state lawmakers approved earlier this year. The money raised will be used to operate a marijuana tracking system and other new regulatory programs for the industry. The tax will drop from 4% on all providers’ gross sales to 2% on July 1, 2018.