How much has MS made in first 3 quarters of medical cannabis sales? Here are the stats

Reality Check is a Sun Herald series holding those in power to account and shining a light on their decisions. Have a suggestion for a future story? Email

In Mississippi’s first three quarters selling cannabis, the state collected $698,000 in taxes, according to the U.S. Department of Commerce. Totals for the fourth quarter were not available.

The state collects two types of taxes related to the sale of medical cannabis.

  • Cultivators pay 5% excise tax on the first sale or transfer of the product if the cultivator has sold to a processing facility or transferred between related entities like parent companies or franchises.

  • Medical cannabis dispensaries charge 7% sales tax for each sale. In Jackson and Tupelo, collect special tax levies to spend on local initiatives.

Cannabis sales taxes represent less than .01% of state taxes collected, lower than nearly all states that sell cannabis.

Excise taxes and licensing fee collection officially started on July 1, 2022, but taxes weren’t collected until licensing and cultivation were underway in January 2023.

In the first quarter the state started licensing and selling medical cannabis, Mississippi collected $77,000 in taxes.

Here’s what the state collected in first three quarters of cannabis sales

2023 quarter 3

  • Total cannabis taxes collected: $290,000

  • Down 12.52% from the previous quarter.

2023 quarter 2

  • Total cannabis taxes collected: $331,000

  • Cannabis taxes were up 330.61% from the previous quarter

2023 quarter 1

  • Total cannabis taxes collected: $77,000

These 7 MS Coast companies are licensed to grow medical marijuana

Can I operate a medical cannabis business in Mississippi? Here’s who is eligible.

Here’s what you need to know about medical marijuana in Mississippi

Can your Mississippi employer fire you for a failed drug test, even if you’re prescribed medical cannabis?

Want to apply for a Mississippi medical marijuana card? Here are the details and costs.