Taxes derived from the sale of state-regulated leisure hashish merchandise totaled greater than $4.4 billion in 2024 – the easiest overall ever recorded in one 12 months, in step with an research equipped by way of the Marijuana Coverage Mission.
Hashish gross sales generated the best quantity of tax income in California (over $1 billion), adopted by way of Illinois ($578 million), Michigan ($524 million), and Washington ($516 million). Arizona generated $253 million in 2024 and virtually $1 billion since launching adult-use marijuana gross sales in 2021.
Since 2014, when Colorado and Washington become the primary two states to keep an eye on the adult-use hashish marketplace, states have generated a blended overall of greater than $24.7 billion in tax income from the sale of marijuana merchandise.
“States with prison, adult-use hashish gross sales have allotted tax revenues to a lot of wishes, together with their Normal Finances and explicit products and services and techniques,” the record’s authors recognize. “Hashish taxes have equipped investment for Medicaid, schooling, faculty development, housing, roads, early literacy, bullying prevention, behavioral well being, alcohol and drug remedy, veterans’ products and services, conservation, activity coaching, conviction expungement bills, and reinvestment in communities which were disproportionately suffering from the conflict on hashish, amongst many others.”
Twenty-four states have enacted law legalizing the grownup use of hashish. On the other hand, 3 states – Delaware, Minnesota, and Virginia – haven’t begun to license hashish shops.
Separate financial information equipped final month by way of Vangst Staffing and Whitney Economics reviews that some 425,000 employees are these days hired full-time by way of state-licensed hashish companies.
Taxes derived from the sale of state-regulated leisure hashish merchandise totaled greater than $4.4 billion in 2024 – the easiest overall ever recorded in one 12 months, in step with an research equipped by way of the Marijuana Coverage Mission.
Hashish gross sales generated the best quantity of tax income in California (over $1 billion), adopted by way of Illinois ($578 million), Michigan ($524 million), and Washington ($516 million). Arizona generated $253 million in 2024 and virtually $1 billion since launching adult-use marijuana gross sales in 2021.
Since 2014, when Colorado and Washington become the primary two states to keep an eye on the adult-use hashish marketplace, states have generated a blended overall of greater than $24.7 billion in tax income from the sale of marijuana merchandise.
“States with prison, adult-use hashish gross sales have allotted tax revenues to a lot of wishes, together with their Normal Finances and explicit products and services and techniques,” the record’s authors recognize. “Hashish taxes have equipped investment for Medicaid, schooling, faculty development, housing, roads, early literacy, bullying prevention, behavioral well being, alcohol and drug remedy, veterans’ products and services, conservation, activity coaching, conviction expungement bills, and reinvestment in communities which were disproportionately suffering from the conflict on hashish, amongst many others.”
Twenty-four states have enacted law legalizing the grownup use of hashish. On the other hand, 3 states – Delaware, Minnesota, and Virginia – haven’t begun to license hashish shops.
Separate financial information equipped final month by way of Vangst Staffing and Whitney Economics reviews that some 425,000 employees are these days hired full-time by way of state-licensed hashish companies.
