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Marijuana State Tax Revenue To Triple
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$2.3 Billion In State Tax Revenue From Marijuana Retail Sales by 2020
March 12, 2017
  • If all currently legal states for medical or adult use continue their projected growth, they could generate $2.3 billion in state tax revenue from retail sales by 2020.
  • In 2017, states will generate $745 million in taxes on retail sales, of which $609 million will be from cannabis specific taxes and $136 million from state sales taxes that are applied on all retail sales.
  • By 2020, tax revenues from cannabis will grow to $2.3 billion of which $1.8 billion will be from cannabis-specific taxes and $472 million from state sales taxes.
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New Frontier Data presents The Cannabis Industry Annual Report: 2017 Legal Marijuana Outlook, the comprehensive guide to the U.S. legal cannabis market. Encompassing the sweeping legalization results of the 2016 Election, New Frontier Data's independent, technology-driven analytics is a critical resource for investors, operators, and policymakers in the legal cannabis industry.

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