States Made More Than 3.7 Billion in Recreational Pot Sales Last Year

States Made More Than 3.7 Billion in Recreational Pot Sales Last Year
High Times

States that have legalized recreational cannabis sales for adults collectively generated more than $3.7 billion in revenue last year, according to a new report from the Marijuana Policy Project. The findings, released on Wednesday, amount to a 34% increase in revenue from adult-use sales compared to 2020 –– continuing an upward trajectory dating back to 2014, when recreational pot sales began in Colorado and Washington, the first two states to end prohibition on pot use for adults. Today, 18 states have legalized adult-use cannabis sales. The latest report from the Marijuana Policy Project was based on sales figures from the 11 states that had licensed pot retailers open for business in 2021. The total revenue tally of $3,715,994,252 does not include medical cannabis sales. Toi Hutchinson, the president and CEO of the Marijuana Policy Project, said that the latest report provides “further evidence that ending cannabis prohibition offers tremendous financial benefits for state governments.” “The legalization and regulation of cannabis for adults has generated billions of dollars in tax revenue, funded important services and programs at the state level, and created thousands of jobs across the country. Meanwhile, the states that lag behind continue to waste government resources on enforcing archaic cannabis laws that harm far too many Americans,” said Hutchinson, who left her post as a senior cannabis adviser to Illinois Gov. J.B. Pritzker late last year to take the helm at the advocacy organization. The Marijuana Policy Project provided state-by-state revenue totals for last year’s recreational cannabis sales, with California raking it the most by far:     •    Alaska: $28,900,231      •    Arizona: $153,824,757     •    California: $1,294,632,799      •    Colorado: $396,157,005     •    Illinois: $424,206,703     •    Maine: $12,362,622     •    Massachusetts: $227,474,842      •    Michigan: $209,912,278      •    Nevada: $159,885,501     •    Oregon: $177,773,944      •    Washington:…

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Source : States Made More Than 3.7 Billion in Recreational Pot Sales Last Year

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