Business Issues/BenchmarksCannabis Excise TaxTaxes: Comparing Cannabis With AlcoholCannabis excise tax revenues outpaced alcohol in seven adult-use states in 2021.October 6, 2022 aksol; berdsigns; createvil | Adobe Stock*Source: Institute on Taxation and Economic PolicyRecommendedMichigan Governor Signs 24% Cannabis Wholesale Tax Into Law; Lawsuit FiledMichigan Lawmakers Pass 24% Cannabis Wholesale Tax, Dealing Devastating Blow to IndustryCalifornia Governor Signs Bill to Halt Cannabis Excise Tax HikeCalifornia Cannabis Excise Tax Going Back to 15% Next Month, Pending Governor's SignatureRelated StoriesNevada Fiscal 2022 Cannabis Sales Just Shy of $1 BillionMontana Adult-Use Cannabis Sales Set Record, Approach 75% of MarketCalifornia Q2 Cannabis Sales Up, Taxes Trend DownNew Projections Estimate Lower Cannabis Tax Revenue in New Mexico