States Have Generated Over $20 Billion In Marijuana Tax Revenue Since First Markets Opened, New Report Finds

States have now generated more than $20 billion in adult-use marijuana tax revenue since the first markets opened a decade ago, according to a new report from a top cannabis reform advocacy group.

The Marijuana Policy Project (MPP) also said that in 2023 alone, states collected over $4 billion in recreational cannabis tax revenue—the most ever generated in a single year.

That’s despite the fact that revenue in several major states such as Colorado and Nevada declined last year. But new and evolving state markets more than made up the difference, and that trend is expected to continue as additional legalization laws are implemented soon in places such as Delaware and Ohio.

Here are the 2023 state-by-state totals:

Alaska: $28,097,114
•    Arizona: $257,929,322
•    California: $1,082,452,368
•    Colorado: $256,756,467
•    Connecticut: $24,613,367
•    Illinois: $552,166,729
•    Maine: $35,593,347
•    Maryland: approximately $29,880,000
•    Massachusetts: $263,488,752
•    Michigan: $473,303,560
•    Missouri: $105,941,225
•    Montana: $51,636,106
•    Nevada: $178,135,259
•    New Jersey: $45,083,223
•    New Mexico: $67,440,312
•    New York: approximately $21,000,000
•    Rhode Island: $12,621,982
•    Oregon: $148,133,667
•    Washington: $532,516,060
•    Vermont: $21,642,857
•    Overall Total: approximately $4,188,431,71

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