Monday, September 16, 2024
Some notable numbers on legal marijuana sales and collected tax revenues
Marijuana Moment has two recent articles that seemed worth noting on the economics of modern marijauan reforms:
"Six U.S. States Report Setting New Monthly Marijuana Sales Records":
Officials in at least six states with legal marijuana — Connecticut, Maine, Maryland, Michigan, Missouri and New York — reported hitting their highest-ever monthly sales numbers in August, led by surging summer purchases of adult-use products.
"New Federal Data Shows States Collected More Than $8.7 Billion In Marijuana Taxes Since 2021":
States that have legalized marijuana have reported to the federal government more than $8.7 billion in cannabis tax revenue since tracking began by the U.S. Census Bureau in mid-2021, according to newly updated figures posted by the agency on Thursday.
Overall, California has reported the biggest share of that revenue, at more than $2 billion in tax income, followed by Washington State ($1.3 billion), Colorado ($898 million) and Michigan ($698 million).
https://lawprofessors.typepad.com/marijuana_law/2024/09/some-notable-numbers-on-legal-marijuana-sales-and-collected-tax-revenues.html