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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.

Top Story Fast Stats

Andriana Ruscitto

June 28, 2023

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.

Main Image Fast Stats Fmt — Source: Marijuana Policy Project www.mpp.org/issues/legalization/cannabis-tax-revenue-states-regulate-cannabis-adult-use/

California County to Lower Cannabis Cultivation Tax as Outdoor Flower Price Drops to $277 Per Pound

15% of California Cannabis Businesses Default on Taxes as 2025 Hike Comes Knocking

These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023

Annual Cannabis Licensing Fee Could be Slashed $100K+ in California’s Highest-Taxed City

California County to Lower Cannabis Cultivation Tax as Outdoor Flower Price Drops to $277 Per Pound

The tax rate per square foot is set to decrease for outdoor, indoor and mixed-light cultivation in Sonoma County’s unincorporated areas; retail tax will increase.

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15% of California Cannabis Businesses Default on Taxes as 2025 Hike Comes Knocking

With nearly a quarter-billion dollars of 2023 cannabis taxes in default, the state’s market could corrode further with an excise tax increase to 19%.

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These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023

While Washington levies the highest excise tax rate in the nation, its cannabis revenue didn’t represent the highest percent of its total state tax revenue.

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Annual Cannabis Licensing Fee Could be Slashed $100K+ in California’s Highest-Taxed City

Five San José City Council members support a fee reduction, recognizing that the cannabis industry 'should be treated like any other business entity.'

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Cannabis Retailers Now Massively Overpaying Excise Tax, California Lawsuit Claims

Catalyst Cannabis Co. is suing the state’s tax department over “emergency” regulations regarding how cannabis accessories are taxed.

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Home Grow Is Back on the Table: Ohio Lawmakers Take U-Turn on Changes to Cannabis Legalization

In a fast-moving week, the state Senate passed a bill that now includes a personal possession limit in line with what voters approved in November.

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Ohio Bill Would Significantly Alter Voter-Approved Cannabis Measure

The state’s forthcoming adult-use market would have a different tax rate, THC caps and possession limits—and home grows would be axed—under the bill.

Ohio state Sen. Rob McColley explains proposed legislative changes to a voter-approved adult-use cannabis legalization measure during the General Government Committee's hearing on Dec. 4.

When and How 24 States Legalized Adult-Use Cannabis in the US: A Timeline With Current Tax Rates

Here’s the full breakdown of which states legalized through ballot measures versus legislative action and their taxation structures, including the most recent to join the list -- Ohio.

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New Mexico Regulators Work to Bring Cannabis Businesses Into Tax Compliance

The New Mexico Taxation and Revenue Department began contacting dispensary licensees over the summer to notify them that they had failed to file one or more tax returns since registering with the department.

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280E: How the Cannabis Industry Got Here

As cannabis businesses brace for potential tax relief should the plant be rescheduled, a look at the origins of IRC Section 280E and why it applies to legal, state-level cannabis companies.

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Maryland Cannabis Sales Crack $420 Million For Year; Tax Revenue’s Banking Scrutinized

The state’s licensed dispensaries reported more than $104 million in adult-use cannabis sales in the first two months since the program launched.

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Ohio’s Cannabis Language Approved; Voters Will Have Say in November

Should the legalization proposal pass, will state lawmakers honor its intentions?

Ohio Secretary of State Frank LaRose chairs the Ohio Ballot Board's meeting Aug. 24, when summary language for an adult-use cannabis legalization measure was approved via a unanimous 5-0 vote.

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