$10.4 Billion in Tax Revenue from Legal Cannabis Sales, But Where Does All That Money Go?

States in the U.S recorded a tax revenue of $10.4 billion from cannabis sales at the end of 2021. This figure doesn’t factor in revenue produced by medical marijuana distribution. From this alone, it is easy to see why many entrepreneurs are looking to get into the frenzy of the cannabis industry. Likewise, states are looking to also get in on the act through legalization and tax administration to rack up revenue.

Source: https://cannabisworld.biz/2022/08/05/10-4-billion-in-tax-revenue-from-legal-cannabis-sales-but-where-does-all-that-money-go/

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