States collected $2.7 billion in recreational pot taxes in 2020
Ten states that have legalized the use of marijuana for recreational purposes collected almost $2.7 billion in taxes on pot products last year as sales surged and more regulatory structures came online.
A new report from the Marijuana Policy Project, a pro-legalization group, estimates that states have collected a total of $7.9 billion in tax revenue since the first states — Washington and Colorado — began allowing recreational pot sales in 2014.