The U.S. Census Bureau has announced that it plans to begin collecting data on marijuana tax revenue generated by state governments around the country. The federal agency tracks state tax data as part of quarterly reports it issues to provide benchmark financial indicators and inform economic research. Moving forward, it intends for those documents to include cannabis tax data, it said in a notice set to be published in the Federal Register on Friday. “Tax collection data are used to measure economic activity for the Nation as a whole, as well as for comparison among the various states,” it said. “We plan to add the collection of cannabis and sports betting sales taxes.” The Bureau said the new additions will “modernize the survey’s content to maintain the relevancy and sustainability of these data.”
Kyle Jaeger, Marijuana Moment, 01/14/2021 14:13:00