States that have legalized adult-use marijuana sales have seen billions of dollars in fresh tax revenue from cannabis, according to a new study.
The recently published research, which comes courtesy of the Marijuana Policy Project, found that, as of this month, “states reported a combined total of $7.9 billion in tax revenue from legal, adult-use marijuana sales,” while “cities and towns have also generated hundreds of thousands of dollars in new revenue from local adult-use cannabis taxes.”
That reported figure includes the states of Colorado and Washington, where voters passed legalization measures in 2012 and where sales began in 2014.
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New Analysis Shows Tax Revenue From Cannabis In The Billions
Cannabis Bud by Len Mora is licensed under Unsplash