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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Legalizing cannabis for adults has been a wise investment. Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. billion in tax revenue from legal, adult-use cannabis sales. Here’s what they say.

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Washington State Eliminates Medical Cannabis Taxation

Canna Law Blog

In November 2012, Washington voters approved the production, processing, and retail sales of recreational cannabis within Washington state under what is known as Initiative 502 (“I-502”). Cannabis sales in Washington state are currently taxed at a rate of 37%, in addition to the general state and local sales and use taxes.

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Paper: Racial Capitalism and the African American Experience Entering the Cannabis Industry By Dr. Ayoka Nurse

Cannabis Law Report

The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Authored By: By Dr. Ayoka Nurse.

Policy 105
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The Tax Foundation: States Projected to Post Higher Marijuana Revenues in 2021

Cannabis Law Report

Most of those states also apply their general sales tax to cannabis sales, and some allow localities to levy additional taxes. In total, states with licensed markets collected $1.7 In total, states with licensed markets collected $1.7 State Marijuana Tax Collections Continue to Grow. oz cannabis plant.

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In new book, WSU Vancouver professor sees benefits of legalized marijuana

Cannabis Chronicles

In the months after Washington voters approved legalized marijuana in 2012, Clayton Mosher, a sociology professor at Washington State University Vancouver, noticed what he believed to be unnecessary safety concerns. The book traces the evolution of society’s views on the drug and how it has affected policy.

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New Analysis Shows Tax Revenue From Cannabis In The Billions

SpeedWeed

States that have legalized adult-use marijuana sales have seen billions of dollars in fresh tax revenue from cannabis, according to a new study. The recently published research, which comes courtesy of the Marijuana Policy Project , found that, as of this month, “states reported a combined total of $7.9 In Denver, for example, $210.6

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Colorado to Vote on Increasing Cannabis Taxes in November

SpeedWeed

Enough signatures were submitted by Colorado advocates to get Initiative 25 onto the ballot this November, which, if passed, would increase recreational cannabis tax percentages and fund “out-of-school learning opportunities” for children and youth. The same reports show that since 2012, 16.4 million per year. View original article.