Since Colorado and Washington launched adult-use cannabis sales in 2014, states have generated more than $15 billion in adult-use cannabis tax revenue, according to an analysis from the Marijuana Policy Project. In 2022, states collectively brought in about $3.77 billion in cannabis tax revenue exclusively from adult-use sales, representing a slight decrease from $3.86 billion in 2021. The decrease was mainly in mature markets; however, despite the dip, each state's 2022 tax revenue still exceeded pre-COVID figures.
Explore the July 2023 Issue
Check out more from this issue and find you next story to read.
Latest from Cannabis Business Times
- Cannabis Industry Reacts to Biden’s Rescheduling Announcement
- As Predicted, 4/20 Sales Surged During Cannabis Industry Holiday Weekend
- DEA 2024 Report Focuses on THC Potency, Organized Crime, Youth Edible Consumption
- Nature's Miracle, Agrify Sign Definitive Merger Agreement
- 5 Things to Confirm When Signing a Cannabis Facility Construction Agreement
- Ziel Partners With Portocanna, Receives 1st EU GMP Certification for Microbial Control Technology in Cannabis
- White House Moves to Reschedule Cannabis in ‘Monumental’ Decision, Biden Says
- SOMAÍ Group, and Its Subsidiary, RPK Biopharma Expand Cookies Partnership to Include Europe and the UK
