A new report published by the U.S. Census Bureau gives details on tax revenue made from legal marijuana sales since the third quarter of 2021.
The U.S. Census Bureau has released “a new experimental data product featuring quarterly tax collections at the state level for cannabis sales”. The Quarterly Summary of State and Local Government Tax Revenue report provides quarterly estimates of state and local government tax revenue at a national level, as well as detailed tax revenue data for individual states. The information contained in this survey “is the most current information available on a nationwide basis for government tax collections”, according to the Bureau.
The report found that California garnered the most marijuana taxes in the nation at $1.4 billion. This was followed by Washington and Colorado with $818.5 million and $648.1 million. Washington and Colorado were simultaneously the first states to legalize marijuana in November, 2012, while California legalized marijuana in 2016.
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