Marijuana Taxes

In a stunning display of the financial potential of legal cannabis, states across the U.S. have collected a combined total of more than $15.1 billion in tax revenue from adult-use cannabis sales since 2014. As the Marijuana Policy Project's (MPP) latest report reveals, 2022 alone saw over $3.77...

The booming cannabis industry has already managed to outgrow the alcohol sector, at least when it comes to collecting tax revenue in some of the states. New data has revealed that Massachusetts brought in $74.2 million from marijuana taxes, compared to $51.3 million from alcohol in half...

Survey: Most New Yorkers Support Legal Weed But Not Near Their Home As marijuana legalization in New York continues to be on the fast track, with  Gov. Andrew Cuomo expressing his support, an issue of cannabis retail locations arises. According to the Consensus Strategies' study, 52%...

By Lance Christensen, CPA, and James Graff, CPA, both partners at accounting and advisory firm Margolin, Winer & Evens. The growing cannabis industry has piqued the interest of many business owners and investors who predict it could become a multi-billion dollar industry. Legal developments...

The state of Colorado has released its 2017 legal cannabis tax data, reporting collections of $247.36 million, up from $193.6 million in 2016. Based on these figures, financial analysis and research firm GreenWave Advisors estimated sales hit $1.494 billion, exceeding its $1.458-billion...