Illinois Trumpets 50% Rise in Adult-Use Pot Sales, Tax Revenue


It has been a 50-50 yr for Illinois’ adult-use cannabis method. As in a 50% enhance in income, and a 50% boost in tax profits. The state’s governor trumpeted the figures in an announcement on Monday, expressing that Illinois “has witnessed a 50% boost in overall tax claimed from adult-use cannabis, from $297.7 million in […]

California Uses Cannabis Tax Revenue to Grant $35.5 Million to Community Organizations


The California Governor’s Business office of Business enterprise and Economic Improvement (also referred to as GO-Biz) declared on June 1 that it would be granting $35.5 million worth of cannabis tax revenue to community endeavours. The funds occur from the California Group Reinvestment Grant program, which will be directed to businesses that help with work […]

Legal States Collected Nearly $4 Billion In Legal Marijuana Revenue In 2021


A new report reveals some major figures when it arrives to hashish tax profits generated from lawful weed states, which gathered more than $3.7 Billion in 2021. This is a 34% raise when as opposed to 2020. The up-to-date report, compiled by the Marijuana Coverage Project (MPP) and released on Wednesday, also located that, as […]

Cannabis Tax Revenue Provides $31 Million to Arizona Community Colleges


10 group schools in Arizona have recently received $31 million in resources from recreational hashish taxes, the Associated Press stories. Arizona’s leisure hashish legislation states that one particular-third of the 16 % excise tax will be set apart for neighborhood faculties every single calendar year. Each individual college may perhaps use the resources to aid […]

New York Predicts $1.25 Billion in Pot Tax Revenue Over Six Years


New York is poised to collect $1.25 billion in profits from taxes on lawful cannabis gross sales, according to a budget projection from Democratic Governor Kathy Hochul introduced on Tuesday. The income projections are incorporated in the state price range for upcoming calendar year, which includes sizeable investment in initiatives developed to go on the […]

Colorado Hits New Record with $423 Million in Annual Revenue From 2021


The point out of Colorado is reporting a new document quantity of profits gathered during 2021, which includes update profits knowledge in total tax and charge revenue collected due to the fact 2014 when legal gross sales commenced. The Colorado Division of Earnings (DoR) declared on January 11 that the point out has built a […]

Here’s How Much Tax Revenue Has Been Collected From Legal Marijuana Sales In America


This article at first appeared on Cannabis.web and has been reposted with permission. How much tax revenue has been gathered from lawful cannabis gross sales in the U.S. due to the fact Colorado began marketing cannabis in 2014? The solution is a whopping $10,400,000,000, in accordance to a new report from the Cannabis Plan Job […]

Germany To Legalize Cannabis Sales — A Move That Could Bring $3.85B In Annual Tax Revenue


By Nina Zdinjak Germany might be the future nation in Europe to legalize adult-use hashish. This Oct, Luxembourg gave the green light-weight to legal hashish cultivation for private use, and now Germany is about to decriminalize selected sale and intake policies through an important drug coverage improve currently being undertaken by the ruling coalition authorities, reported Express. The political coalition, dubbed “traffic light” and comprised of the […]