WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
1 minute reading time (104 words)

States that legalized marijuana are bringing in more tax revenue on pot sales than alcohol

cannabis money

A majority of the states that legalized recreational marijuana for recreational use are collecting more tax revenue from pot sales than alcohol sales.

The first two states to legalize pot are profiting the most, Colorado and Washington. Across the country, the total revenue for taxes on weed amounted to nearly $3 billion, according to a report on “sin taxes” by The Institute on Taxation and Economic Policy (ITEP).

So far, 11 states have legalized the sale of recreational marijuana.

The states that have given recreational marijuana legalization the green-light are Colorado, Washington, California, Illinois, Michigan, Massachusetts, Oregon, Arizona, Nevada, Maine and Alaska.

Copyright

© 420 Intel

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Germany speeds up the process to legalize recreati...
Navisite is expanding into cannabis industry, will...

Related Posts


WeedLife.com