Some states around the U.S. that have legalized recreational marijuana, have collectively made close to $8 billion in tax revenue. Which has been so since sales initially went legal back in 2014. This info was taken from the MMP who gathered the info on the matter. Furthermore, since then a great deal of innovation and progress has commenced for the cannabis industry. The research evaluated the tax structure and revenue streams of all 18 states that have made recreational cannabis legal. However, there a 7 states where the sales have not started just yet. Overall, it reveals that building regulated marijuana markets gives states a constant and generally growing source of revenue. Which in turn can help aid various programs and services. Back in 2020, states that have legalized recreational marijuana have generated $2.7 billion in taxes from cannabis sales. Also as more markets come online and others evolve, the overall full rec market is expected to continue to grow.
420 Intel – Marijuana Industry News, 06/16/2021 20:00:00
Open article: https://420intel.com/articles/2021/06/17/cannabis-tax-revenue-seeing-higher-numbers-us