Taxes

Recreational marijuana revenues down in 2022

The Marijuana Policy Project reported a 2% drop to $3.77 billion.
FILE – A demonstrator waves a flag with marijuana leaves depicted on it during a protest calling for the legalization of marijuana, outside of the White House on April 2, 2016, in Washington. (AP Photo/Jose Luis Magana, File)

States collected $3.77 billion in recreational marijuana sales and excise tax revenue in 2022, about 2% less than the year before, according to a report released Monday by the Marijuana Policy Project, a Washington, D.C.-based group that advocates for legalizing cannabis.

Last year was the first time recreational marijuana tax revenue fell compared to a prior year since legal sales began in 2014, the report said. States use marijuana tax revenue to help fund schools, drug treatment, law enforcement and other services.

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