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Raking In The Dough From Pot Sales

Money Tree

States where marijuana is legal, are hitting the jackpot, collecting nearly three-billion-dollars in taxes on all pot-related products in 2020.

2020 was a year in which many people were locked at home,  with plenty of time on their hands, some out of work, others working remotely, and the evidence points to a lot of them turned to marijuana for outlet or to relieve various ailments.

According to the Marijuana Policy Project,  nearly 8 billion dollars has been collected since the first states legalized pot recreationally in 2014.

And tax revenue from marijuana sales  skyrocketed during the coronavirus pandemic as more people were at home.

California, which has the largest legal marijuana market, collected more than one-billion dollars in marijuana taxes.

Washington State collected 614-million, while Colorado took in 362-million and Oregon collected 158-million.

Marijuana is currently legal for recreational use in 16 states and the District of Columbia, but not all states tax it.

 

A small Green Tree with dollar bills hanging off it, being held aloft in the palm of a human hand. Money Tree. Photo by Alpha Media USA Portland OR

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