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States Collect $3.7 Billion In Recreational Cannabis Tax Revenue In 2021 Says MPP Report

Cannabis Law Report

States that have legalized marijuana for adult use collectively generated more than $3.7 billion in tax revenue from recreational cannabis sales in 2021, a report from the Marijuana Policy Project (MPP) that was released on Wednesday found. States Collected More Than $3.7 Marijuana Moment Report Thus. Read full report.

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Florida Lawmakers Push To Legalize Recreational Cannabis

MassRoots

In a joint effort, two state representatives submitted legislation to legalize, regulate, and tax a recreational cannabis market in Florida. “It’s coming one way or another, either by a 2020/2022 ballot measure or from us here in the legislature. . Michael Grieco, D-Miami Beach, and Rep.

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Illinois 2022 adult-use cannabis sales surpass 1.55B

Illinois News Joint

The record-breaking month pushed Illinois’ sales totals for 2022 passed the 1.55 December total out-of-state resident sales reached $41,439,616.92, which finished only behind July 2022 total of $43,503,289.06. The 2022 sales totals of $1,552,324,820.37 2022 Totals: $1,552,324,820.37. billion mark at $1,552,324,820.37.

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Connecticut Becomes the 20th Jurisdiction to Legalize Recreational Marijuana

The Blunt Truth

Seyfarth Synopsis: In the first six months of 2021, several states legalized marijuana for recreational and medicinal purposes, including New York, New Jersey, Virginia, and New Mexico. On June 22, 2021, Connecticut Governor Ned Lamont signed a bill that legalized recreational marijuana use by adults 21 years and older.

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Illinois 2024 recreational cannabis sales top $1.72B

Illinois News Joint

The Illinois Department of Financial and Professional Regulation (IDFPR) and the Pritzker Administration today announced recreational cannabis sales. Sales taxes collected at Illinois cannabis dispensaries totaled more than $490 million in 2024, per the Illinois Department of Revenue. The December 2024 totals of $153,249,701.54

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Another strong month for Illinois recreational cannabis sales

Illinois News Joint

The Illinois Department of Financial and Professional Regulation announced recreational cannabis sales totals for May 2023. 2022 total monthly sales include: January: $117,251,759.72 These figures do not include taxes collected. 2022 total monthly sales include: January: $117,251,759.72 February: $120,488,569.91

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Rhode Island Legalizes Cannabis for Recreational Use

The Blunt Truth

On May 25, 2022, Rhode Island Governor Daniel McKee signed “ The Rhode Island Cannabis Act ,” which grants adults aged 21 and older the right to possess and grow certain amounts of cannabis for recreational use. Retail sales are expected to begin as early as December 1, 2022.