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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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Recreational Marijuana: Impact on Traffic Deaths

CannaMD

When it comes to marijuana legalization, one of the opposition’s main concerns is whether legal access to cannabis will increase the number of drivers who operate a vehicle in an impaired state. Early data shows that after legalization, Colorado experienced a slight increase in cases of people driving under the influence of cannabis.

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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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Recreational Marijuana: Effects on Teen Use

CannaMD

2020 was yet another watershed year for cannabis legalization, with more and more states voting to legalize medical and/or recreational marijuana. Opponents of the movement, however, allege that legalization will result in increased marijuana use among teenagers. Yet, data suggests otherwise. California. Washington.

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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. Clever combined data from Zillow, the U.S. Not to mention, millions of dollars in tax revenue created.

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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. The following table shows the states that levy excise taxes on marijuana. No data available for Washington. (b)

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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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