Legalization States Generated More Than $3.7 Billion from Legal, Adult-Use Cannabis Sales In 2021


Washington, D.C. – April 6, 2022 ( Newswire) On Wednesday, the Marijuana Policy Project released an updated report on tax revenue generated from state-legal, adult-use cannabis that includes totals for the entirety of 2021.

In 2021 alone, legalization states generated more than $3.7 billion in cannabis tax revenue from adult-use sales, which is a 34% increase in revenue compared to 2020. As of March 2022, states reported a combined total of $11.2 billion in tax revenue from legal, adult-use cannabis sales since 2014 when sales began in Colorado and Washington state.

The tax revenue report includes updated numbers for the entirety of 2021 in each state that has legalized cannabis for adult use. Additionally, the report reviews the state’s adult-use cannabis tax structure and population. The full report is available at

“Our report is further evidence that ending cannabis prohibition offers tremendous financial benefits for state governments. The legalization and regulation of cannabis for adults has generated billions of dollars in tax revenue, funded important services and programs at the state level, and created thousands of jobs across the country. Meanwhile, the states that lag behind continue to waste government resources on enforcing archaic cannabis laws that harm far too many Americans,” said Toi Hutchinson, President and CEO of the Marijuana Policy Project.

In states with legal, adult-use cannabis sales, tax revenues can be allocated for social services and programs. This includes funding education, school construction, early literacy, public libraries, bullying prevention, behavioral health, alcohol and drug treatment, veterans’ services, conservation, job training, conviction expungement expenses, and reinvestment in communities that have been disproportionately affected by the war on cannabis, among many others.

Eighteen states have laws that legalize, tax, and regulate cannabis for adults 21 and older. Eight of the laws were approved in 2020 or 2021, and in six of those states, sales and tax collections have not yet begun. Several other states are building strong momentum to legalize adult-use cannabis in 2022, including Maryland, Missouri, Ohio, Rhode Island, and South Dakota.

2021 State-by-State Totals:

Alaska: $28,900,231
Arizona: $153,824,757
California: $1,294,632,799
Colorado: $396,157,005
Illinois: $424,206,703
Maine: $12,362,622
Massachusetts: $227,474,842
Michigan: $209,912,278
Nevada: $159,885,501
Oregon: $177,773,944
Washington: $630,863,570

Year-by-Year Totals:

2014: $68,503,980
2015: $264,211,871
2016: $530,521,110
2017: $723,145,481
2018: $1,275,483,830
2019: $1,707,204,090
2020: $2,766,027,570
2021: $3,715,994,252

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire and

Global investors must adhere to regulations of each country. Please read privacy policy:

Buy a cannabis guest post on

: Tim Ranzetta is on a mission to bring personal finance classes to all high schools. Here’s the No. 1 lesson he says everyone should know

Previous article

: U.S. unveils new sanctions on Russia as Yellen warns of ‘enormous economic repercussions’ from Ukraine invasion

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in News