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Cannabis Tax Revenue: Page 2
Taxing THC: Leveling the Playing Field, Part I
How would a federal cannabis tax fit in to the already complicated patchwork of state and local rates? Alcohol and tobacco policies may provide clues.
Adult-Use Cannabis Sales Have Generated $15 Billion in State Tax Revenue
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. Here's a state-by-state breakdown of tax revenue from 2022.
New Jersey Medical Cannabis Sales Fading Quicker Than Adult-Use Sales Grow
The state’s licensed retailers sold more than $179 million of cannabis during the first three months of 2023, a decline from the previous quarter.
UPDATED: Minnesota Governor Signs Cannabis Bill Into Law
Gov. Tim Walz officially makes Minnesota the 23rd state to legalize adult-use cannabis after lawmakers reconciled legislation earlier this month.
California’s Cannabis Tax Revenue Sinks to 13-Quarter Low; Excise Tax Reporting Shifts
Licensed operators have provided nearly $4.9 billion in total tax revenue to the state since adult-use sales launched in 2018.
Cannabis Legalization One Step Away From Minnesota Governor’s Desk
Democratic Gov. Tim Walz has pledged to sign the legislation, which would make Minnesota the 23rd state to legalize adult-use cannabis.
7 Tax Tips Cannabis Cultivators Should Know
Minimize your tax burden and avoid regulatory pitfalls.
Lessons From the Last Frontier
Alaskan father-and-son team Lloyd and Aaron Stiassny prioritized retail and relationships with growers while establishing their vertically integrated company, a strategy that has allowed them to weather challenges and expand in America’s third adult-use state.
Green Thumb CEO Warns of ‘Washout’ for Cannabis Industry
The company reported $1 billion in revenue for 2022 with a net income of $12 million on a GAAP basis.
California Cannabis Sales Hit 9-Quarter Low
The world’s largest legal market has also experienced declining tax revenues for five straight quarters.
Creating a Budget for 2023? Consider These Tips
Naomi Granger, founder of the National Association of Cannabis Accounting and Tax Professionals, shares key factors cannabis cultivators and retailers should consider when creating a budget for 2023.
Nevada Fiscal 2022 Cannabis Sales Just Shy of $1 Billion
Clark County accounted for 78% of the state’s sales for the year.
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