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Illinois Collects Nearly $100 Million More From Marijuana Tax Revenue Than Alcohol In 2021, State Data Shows

Cannabis Law Report

Marijuana Moment has the story. Illinois has generated almost $100 million more in tax revenue from adult-use marijuana sales than from alcohol in 2021, state data shows. Part of that marijuana tax revenue is actively funding equity initiatives in the state. The figures.

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States Collect $3.7 Billion In Recreational Cannabis Tax Revenue In 2021 Says MPP Report

Cannabis Law Report

Marijuana Moment Report Thus. States that have legalized marijuana for adult use collectively generated more than $3.7 billion in tax revenue from recreational cannabis sales in 2021, a report from the Marijuana Policy Project (MPP) that was released on Wednesday found. States Collected More Than $3.7

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

Cannabis Law Report

With several states contemplating legalization of recreational marijuana, and federal lawmakers starting the process of federal descheduling , it is a good time to examine the tax implications of legalization. In 2021 alone, four states (Connecticut, New Mexico, New York, and Virginia) have passed bills to legalize. Tax Design.

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Colorado: MED Announces New Data Dashboard

Cannabis Law Report

The MED is excited to announce a new data dashboard that will provide an increased array of data collected and analyzed by the Division and will house the quarterly marijuana market updates going forward. The MED will now increase their data reporting to four times a year from the previous twice-a-year updates.

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Does Legal Cannabis Increase Your Home’s Value? This Data Says So

Cannabis Law Report

According to research by real estate data company, Clever , property values rose by $17,113 more in states where recreational cannabis is legal, compared to states where it’s illegal or just legal at the medicinal level. In 2021, average home values increase by $470 for every $1 million increase in overall tax revenue from cannabis. .

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

Cannabis Law Report

As of December 2021, states reported a combined total of $10.4 Eighteen states have laws that legalize, tax, and regulate cannabis for adults 21 and older (the 2020 voter-approved adult-use legalization law in South Dakota was overturned by the state’s Supreme Court in November 2021). As of November 2021, $471.9 46,104,922.

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Massachusetts marijuana excise tax revenue exceeds alcohol for first time

Cannabis Law Report

billion, according to data from the Cannabis Control Commission. While tax data shows alcohol consumption is hardly plummeting, the meteoric rise in cannabis use speaks to changing attitudes about recreational alcohol and marijuana use. Data obtained by 5 Investigates reveals plenty of people are consuming it.

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