Cannabis Had Highest Tax Revenue in Colorado and Washington Over Alcohol, Cigarettes

A new report from the Tax Policy Center shows that Colorado cannabis tax earnings were seven times higher than alcohol, and Washington earned $559 million from cannabis-related taxes. Although these two states had the highest tax revenue from the plant, they were not the only ones where marijuana sales outpaced other prevalent taxable vices. Data from this new report on cannabis tax revenues indicate that cannabis markets continue to expand across the United States, regularly outpacing alcohol and cigarette tax revenues. 

Experts believe that the high tax revenues from cannabis sales may not last forever, but the public health impacts could

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A new report from the Tax Policy Center shows that Colorado cannabis tax earnings were seven times higher than alcohol,… Continue reading
The post Cannabis Had Highest Tax Revenue in Colorado and Washington Over Alcohol, Cigarettes appeared first on GrowCola.com.