Marijuana Taxes

In a stunning display of the financial potential of legal cannabis, states across the U.S. have collected a combined total of more than $15.1 billion in tax revenue from adult-use cannabis sales since 2014. As the Marijuana Policy Project's (MPP) latest report reveals, 2022 alone saw over $3.77...

By Lance Christensen, CPA, and James Graff, CPA, both partners at accounting and advisory firm Margolin, Winer & Evens. The growing cannabis industry has piqued the interest of many business owners and investors who predict it could become a multi-billion dollar industry. Legal developments...

The state of Colorado has released its 2017 legal cannabis tax data, reporting collections of $247.36 million, up from $193.6 million in 2016. Based on these figures, financial analysis and research firm GreenWave Advisors estimated sales hit $1.494 billion, exceeding its $1.458-billion...