Taxes

Recreational marijuana revenues down in 2022

The Marijuana Policy Project reported a 2% drop to $3.77 billion.

Sophie Quinton

07:00 AM, May 02, 2023

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. President Joe Biden is pardoning thousands of Americans convicted of “simple possession” of marijuana under federal law, as his administration takes a dramatic step toward decriminalizing the drug and addressing charging practices that disproportionately impact people of color. (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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