Report: Tax Revenue From Retail Marijuana Sales Exceeds Expectations

NORML | October 20, 2016

WASHINGTON, DC — Tax revenue collection from retail marijuana sales in Colorado, Oregon, and Washington is exceeding initial projections, according to a report published by the Drug Policy Alliance.

The DPA study finds that marijuana-related tax revenue in Colorado totaled $129 million over the 12-month period ending May 31, 2016 – well exceeding initial estimates of $70 million per year. In Washington, tax revenue totaled $220 million for the 12-month period ending June 30, 2016….