A Quick Comparison Of Cannabis Tax Revenue By State

For the past century, America has been in a fierce debate regarding the legal status of marijuana. And while individuals on both sides of the issue are passionate about their positions regarding the morality and safety of cannabis, those against legalization have largely had their way— until very recently.

Fast forward to the present day and you’ll see a significant change in the legal landscape. At the time of writing, 33 states allow medicinal marijuana use and 11 states allow legal recreational use. Furthermore, 9 additional states may organize a vote for legalization on their 2020 ballots.

So what changed? Among other things, the promise of marijuana tax revenue was a huge motivator. Reframing the marijuana debate around its merits as a tool for government funding has been extremely helpful for the pro-legalization cause, and it’s led many states to experiment with legalization.

But what are the results of this experiment?

Has legalization of recreational cannabis actually led to economic growth for these states? And what does this mean for the future of marijuana legalization in the country?

Go to the CPA Accounting Institute for Success to find out more!

This infographic republished with permission.

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss This Week's Groundbreaking News

Join the thousands of subscribers who stay informed with GMR's exclusive news briefs delivered directly to your inbox every Friday afternoon.

We respect your privacy. See our privacy policy.


About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


READ MORE



Recent Tweets

@GreenMarketRpt – 21 hours

I don’t know about you, but I need a hit before heading to Vegas.

@GreenMarketRpt – 21 hours

RT : Big thanks to Debra Borchardt and Green Market Report for highlighting our partnership with the Shinnecock Nation. We be…

@GreenMarketRpt – 5 days

Hut Hut High – Michigan’s Marijuana Tailgate Party ⁦@SkymintCannabis⁩

Back to Top

Don't Miss This Week's Groundbreaking News

Join the thousands of subscribers who stay informed with GMR's exclusive news briefs delivered directly to your inbox every Friday afternoon.

We respect your privacy. See our privacy policy.