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Cannabis Tax Revenues Exceed $10 Billion

Cannabis Tax Revenues Exceed $10 Billion

For states that have passed legislation to legalize adult-use recreational marijuana, tax revenues from such sales are soaring. According to data from the Marijuana Policy Project (MPP), a legalization advocacy group, as of December 2021, states that have legalized...
Missouri’s Marijuana Tax Revenue Goes to Work

Missouri’s Marijuana Tax Revenue Goes to Work

In November 2018 Missouri voters approved a ballot measure that would allow for the legal use of medical marijuana. The measure won with 66% of voters approving. The measure set a 4% tax rate on medical marijuana purchases. The tax revenue on those purchases sure have...
Illinois Statewide Social Equity Program

Illinois Statewide Social Equity Program

When the state of Illinois legalized the use or recreational marijuana, they were the first state in the Union to regulate cannabis through their legislature. As part of this process, the state started up a social equity program for the cannabis industry. And while...