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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.

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8th Annual ‘Best Cannabis Companies to Work For’ Now Open for Entries

TerrAscend Reports $65M in Q3 Revenue; Net Loss of $9.5M

Green Thumb Industries Reports $291M in Q3 Revenue; Net Income of $23.3M

Curaleaf Reports $320M in Q3 Revenue; Net Loss of $54.5M

Verano Announces $195 Million Senior Secured Term Loan Refinancing Agreement

The new credit facility highlights the company’s ability to access lower-cost regional bank capital to fund strategic growth initiatives.

TerrAscend Reports $65M in Q3 Revenue; Net Loss of $9.5M

The cannabis company also reported its 13th consecutive quarter of positive cash flow from continuing operations.

Green Thumb Industries Reports $291M in Q3 Revenue; Net Income of $23.3M

The cannabis company also reported $74 million in cash flow from operations for the quarter.

Curaleaf Reports $320M in Q3 Revenue; Net Loss of $54.5M

The cannabis company also reported a year-to-date cash flow from operations of $104 million and a free cash flow of $57 million.

Cresco Labs Reports $165M in Q3 Revenue; Net Loss of $22M

The cannabis company also reported a third-quarter operating cash flow of $6 million.

Trulieve Reports $288M in Q3 Revenue; Net Loss of $27M

The cannabis company also reported a year-to-date cash flow from operations of $214 million and a free cash flow of $173 million.

Ascend Wellness Reports $127M in Q2 Net Revenue

The multistate cannabis operator also reported its 10th straight quarter of positive operating cash flow.

Trulieve Announces Registration Statement Filing

The cannabis company has no immediate plans to offer or sell any securities under the shelf registration.

Trulieve Resized

All 4Front Subsidiaries File for Court-Appointed Receiver

The company intends to continue operating during the receivership process and hopes the process will generate value for stakeholders.

4 Front Ventures Corp All 4 Front Subsidiaries File For Court App

Green Thumb Industries Reports $280M in Q1 Revenue

The cannabis company also reported $74 million in cash flow from operations and a GAAP net income of $8 million.

Green Thumb Image

Tilray Brands Announces Proposed Reverse Stock Split

The global cannabis company also announced a corresponding special stockholders meeting.

Tilray Brands Reports Quarterly Financial Results, Confirms No Tariff Impacts

The global cannabis company generated a net revenue of $186 million in the third fiscal quarter, verifying it has no current impacts from U.S. tariffs.

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