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State Cannabis Tax Revenue From Retail Sales

Cannabit: State Cannabis Tax Revenue From Retail Sales / 03122017
  • If all currently legal states for medical or adult use continue their projected growth, they could generate $2.3 billion in state tax revenue from retail sales by 2020.
  • In 2017, states will generate $745 million in taxes on retail sales, of which $609 million will be from cannabis specific taxes and $136 million from state sales taxes that are applied on all retail sales.
  • By 2020, tax revenues from cannabis will grow to $2.3 billion of which $1.8 billion will be from cannabis-specific taxes and $472 million from state sales taxes.

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