Report Finds Legal Cannabis Could Bring Texas $500M In Annual Tax Revenue

Legalizing cannabis in Texas could bring the state more than half a billion dollars in new tax revenue each year, according to a report released last week by a leading cannabis policy and law firm. The economic analysis from Vicente Sederberg LLP also found that legal pot would result in…

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California passes $1 billion in cannabis tax revenue two years after launching legal market

California has raised $ 1 billion in cannabis tax revenue since the industry kicked into gear in January 2018, according to figures recently released by the state. The bulk of that $ 1.03 billion in tax money, after covering regulatory costs, has been spent on programs such as child care…

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California passes $1 billion in cannabis tax revenue two years after launching legal market

California has raised $ 1 billion in cannabis tax revenue since the industry kicked into gear in January 2018, according to figures recently released by the state. The bulk of that $ 1.03 billion in tax money, after covering regulatory costs, has been spent on programs such as child care…

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Illinois Rakes in Nearly $20 Million in Revenue in First 12 Days of Legal Recreational Marijuana Sales

Cannabis Success in Illinois: Illinois Rakes in Nearly $ 20 Million in Revenue in First 12 Days of Legal Recreational Marijuana Sales  Illinois has officially joined the cannabis revolution with its first two weeks of legal recreational marijuana sales totaling $ 19,709,345.10. The advance comes after years of hard work…

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Towns that Ban Dispensaries are Getting Cannabis Tax Revenue Checks

Towns that Ban Dispensaries are Getting Cannabis Tax Revenue Checks In what must be one of the most infuriating subjects to pro-cannabis legalization fans is the fact that towns that vote to ban dispensaries and cannabis businesses are getting checks in the mail from the state for cannabis tax revenue…

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Legalizing and taxing marijuana boosts government revenue – a little, report says

A new report finds that legalizing and taxing marijuana boosts revenue for state and local governments, but not by much. The credit rating agency Moody’s Investor Service says in a study released Tuesday that legalizing recreational use of marijuana brings governments more money than it costs to regulate it. Despite…

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Study: Legalizing marijuana nationally could generate more than $132 billion in tax revenue and 1 million jobs

Published: Jan 11, 2018, 8:48 am • Updated: Jan 11, 2018, 8:48 am By Katie Zezima, The Washington Post Legalizing marijuana nationwide would create at least $ 132 billion in tax revenue and more than a million new jobs across the United States in the next decade, according to a…

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