Marijuana Tax Revenue

ACTIVISM

Regulating Cannabis Sales Could Yield Over $17 Billion In Annual Savings And Revenue, New Study Says

by Paul Armentano, NORML Deputy Director
Posted on September 29, 2010June 15, 2022

Treating marijuana as a legally regulated commodity would yield some $17.4 billion dollars annually in…

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Marijuana over Cigarettes

ACTIVISM

California Tax Board Says Regulating Commercial Pot Sales Would Yield $1.4 Billion Annually — Also Predicts Decline in Use of Booze and Tobacco

by Paul Armentano, NORML Deputy Director
Posted on July 16, 2009June 18, 2020

The BOE’s estimate, released late yesterday, assesses a $50 per ounce tax on the retail sale of cannabis (among other state-imposed costs), as recommended under Assembly Bill 390: The Marijuana Control, Regulation and Education Act. This act seeks to license and tax the commercial production, packaging, and retail sale of marijuana to those 21 years of age or older.

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