Cannabis revenue

Maryland’s burgeoning adult-use cannabis industry has demonstrated its economic potential, with the state collecting over $14.6 million in sales tax revenue from January to March 2024, according to Comptroller Brooke E. Lierman. This marks a slight increase from the previous quarter’s...

A new economic analysis found that the benefits of legalizing marijuana in Ohio's Nov. 7 election would far outweigh the costs by at least a quarter-billion dollars a year. A study by Columbus-based Scioto Analysis used research from states such as Washington...

In August, Maryland's collective adult-use and medical cannabis purchases reached $91.7 million, more than the $87.4 million total for July, which was more than double the $42.7 million total for June, before the launch of adult-use retail sales, according to the Maryland...

After a sharp drop in January, when adult-use sales fell 15% sequentially as they rose 32% from the prior year, Illinois adult-use cannabis sales stabilized in February. Sales of $114 million fell 3% from January, but there were three fewer days during the month. Compared to a year...