How Much Are States Making In Marijuana Tax Revenue?
Legal cannabis states have made millions in marijuana sales taxes. For example, a study by the Cato Institute found that Colorado now takes in about $20 million a month in all marijuana-related taxes, while California takes in about $50 million a month.
The non-profit Tax Foundation recently put together a list of what states made in fiscal year 2020 through marijuana-related excise taxes alone. The following numbers come from that study.