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How Much States Make From Marijuana Tax Revenue May 2, 2021

How Much States Make From Marijuana Tax Revenue

Jordan RosenfeldMay 2, 2021, 2:00 PM·9 min readBulat Silvia / Getty Images/iStockphotoMarijuana has come a long way from its status as an illicit substance to now being recognized for its medical and recreational purposes in many states. Nine states have fully legalized it, and more are considering it. With legalization, the states now have the ability to bring immense revenues, as well.See: Corn Flakes, Mountain Dew and 9 Other Beloved Brands With a Twisted HistoryTo determine just how much tax revenue states are or could receive from the legal sale of marijuana, GOBankingRates looked at Tax Foundation’s data in their article titled “Several States Considering Legal Recreational Marijuana.” Find out how much these states are bringing in.Last updated: April 16, 2021Mobile, Alabama Skyline from Cooper Riverside Park.AlabamaPotential revenue: $92,217,856Actual revenue: N/A5-year potential revenues: $461,089,280% actual revenue made on potential revenue: N/ARead: 25 Companies Making...

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