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.

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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/

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