Browsing Tag
revenue
10 posts
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.
BDSA Report Projects $57 Billion in Global Cannabis Sales by 2026
BDSA’s newest report projects the growth of adult-use cannabis sales in new markets, the decline of mature markets, and other sales trends to expect over the next five years.
Weed Sales Outpace Alcohol for First Time in Massachusetts
Dollar-for-dollar, weed is now more popular than alcohol in the state of Massachusetts, outpacing it in sales.
Arizona Cannabis Generates Over $1B of Revenue in 2021
Cannabis is now a billion-dollar industry in the Grand Canyon State of Arizona.
Colorado Hits New Record with $423 Million in Annual Revenue From 2021
The record-breaking revenue in Colorado is collected from the state sales tax, cannabis retail sales tax and retail cannabis excise tax.
Rochester, New York Mayor-Elect Plans Guaranteed Basic Income From Cannabis Taxes
Here’s where Guaranteed Basic Income and adult-use cannabis taxes intersect.