Utah Marijuana Business

What is the Demand for Marijuana in Utah?

Demand for cannabis in Utah can only be legally met by medical marijuana supplies as the state has not legalized recreational cannabis. Utah legalized medical cannabis in 2018; however, sales only began in 2020. In 2022, Utah generated $119 million in net sales compared to $75 million in 2021. In January 2023, the state recorded $10.9 million in net sales, with more than 63,000 registered patients recorded that month. Top on the list of patients purchasing medical cannabis are patients with persistent pain, followed by persons who have Post-Traumatic Stress Disorder (PTSD).

Medical marijuana cardholders in Utah grew from 11,000 in September 2020 to over 68,000 in April 2023. Salt Lake, Utah, Davis, and Weber Counties have the largest concentration of medical cannabis cardholders, with 27,600, 11,731, 7,647, and 7,245 registered patients, respectively.

How is Marijuana Taxed in Utah?

Utah does not charge sales or use taxes on medical and medical cannabis products.

What is the Agency Taxing Marijuana Business in Utah?

No state agency in Utah has been charged to collect tax on medical cannabis. The state imposes no tax on medical cannabis.