States Have Generated Nearly $25 Billion In Marijuana Tax Revenue Since First Markets Opened, New Report Finds

States Have Generated Nearly $25 Billion In Marijuana Tax Revenue Since First Markets Opened, New Report Finds

States have generated nearly $25 billion in revenue from recreational cannabis since the first sales started over a decade ago, according to a new report from a leading advocacy group. The Marijuana Policy Project (MPP) also said that in 2024 alone, states collected $4.4 billion in recreational cannabis tax revenue—the most ever garnered in a single year. Seven states took in over $200 million each, with four of those seeing more than $500 milli…

U.S. States Have Collected Nearly $25 Billion in Marijuana Tax Revenue Since Recreational Sales Began in 2014

Since Colorado and Washington launched the first legal marijuana markets in 2014, states have collectively generated over $24.7 billion in tax revenue from recreational sales. The total surpassed $4.4 billion in 2024 alone — a record high for a single year. Recreational marijuana is now legal in 24 states, with sales currently active in 21 … Continue reading