Browsing Tag
revenue
15 posts
New Jersey Cannabis Tax Revenue Provides $5 Million to Violence Prevention
The state program began in 2021 and helps fund violence intervention efforts by community-led organizations.
Michigan Cannabis Sales Hit Record High, Profits Another Story
The Michigan Cannabis Regulatory Agency reports record-high revenue, but there is little profit to show for it.
Ohio Rec MJ Market Could Generate $275-403M in Taxes in First Five Years
Will Ohio be the next state to usher in a new era of reform and recreational cannabis?
Connecticut Sells $23 Million Worth of Cannabis in May
But getting rich as a cannabis entrepreneur is still hard, even in Connecticut.
Northern Windfall: Wisconsin Residents Spend Millions on Pot in Illinois
Both recreational and medical cannabis are illegal in Wisconsin, forcing residents to find their weed elsewhere.
San Diego Officials Brace for Plunging Cannabis Revenue
Lawmakers and industry leaders blame the Illicit market.
Oklahoma Could Generate Nearly $500M if Recreational Pot is Legalized
In just about a month, Oklahoma voters will decide if medical cannabis legalization in the state should be expanded to recreational use for adults 21 and older via State Question 820.
Cannabis Had Highest Tax Revenue in Colorado and Washington Over Alcohol, Cigarettes
According to a recent report from the Tax Policy Center, Colorado and Washington both received more revenue from legal cannabis sales than from alcohol or cigarettes this year.
Nevada Cannabis Industry Rings Up Nearly $1 Billion in Yearly Sales
Regulated cannabis sales in Nevada totaled $965 million during the 2022 fiscal year, down 4% over the $1 billion in taxable sales recorded the previous year.
Activists Accuse North Dakota of Misleading Voters About Cannabis Legalization Initiative
Activists supporting a marijuana legalization ballot measure say a ballot summary misleads voters about the potential costs and revenues generated by the proposal.