U.S. Cannabis Revenue 2021

What is happening? In 2021, U.S. States collected $3.7 Billion in revenue from the sale of cannabis products.

Why is this important? That’s up 34% from 2020

How will this be important? IN 2021 California had the highest revenue at almost $1.3 Billion. In 2022, California is considering legislation to reduce some of this tax revenue as the high tax rates make it difficult for independent and small businesses to participate.

Marijuana Moment | States Collected More Than $3.7 Billion In Recreational Marijuana Tax Revenue In 2021, Report Finds

Tenth Amendment Center | California Bill Would Eliminate and Reduce Some Taxes on Marijuana Growers