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Cannabis Excise Tax Revenue Outpacing Alcohol in 7 States | Cannabis Business Times

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Cannabis Excise Tax Revenue Outpacing Alcohol in 7 States

And yet tobacco remains the leader of the sin tax pack in the U.S.

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Adobe Stock

April 26, 2022

With nearly $3 billion in adult-use cannabis excise tax revenue accrued in 2021, business is certainly booming. To underscore the point, cannabis excise tax revenue eclipsed alcohol excise tax revenue last year, according to the Institute on Taxation and Economic Policy.

Seven of the 11 states that oversaw legal adult-use sales in 2021 helped account for that measure with particular clarity. In California, Illinois, Massachusetts, Washington, Colorado, Arizona and Nevada, cannabis tax revenue outpaced alcohol tax revenue.

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