Cannabis Tax Revenue in States that Regulate Cannabis for Adult Use

Since the first adult-use cannabis markets launched in Washington and Colorado in 2014, states with legal, adult-use cannabis sales have generated a combined total of more than $24.7 billion in tax revenue.

In 2024 alone, legalization states generated more than $4.4 billion in cannabis tax revenue from adult-use sales, which is the most revenue generated by cannabis sales in a single year.

Michigan has collected more than $1.7 billion in adult-use cannabis tax revenues since recreational sales began in December 2019.

Cannabis taxes have provided funding for Medicaid, education, school construction, housing, roads, early literacy, bullying prevention, behavioral health, alcohol and drug treatment, veterans’ services, conservation, job training, conviction expungement expenses, and reinvestment in communities that have been disproportionately affected by the war on cannabis, among many others.

Read the full article HERE.