Medical Marijuana Zone

Ten community colleges in Arizona have recently received $31 million in funds from recreational cannabis taxes, the Associated Press reports. Arizona’s recreational cannabis law states that one-third of the 16 percent excise tax will be set aside for community colleges every year. Each college may use the funds to support “workforce development, STEM and certain […]

Legalizing and Taxing Marijuana in Illinois Would Yield $525 Million in Annual Revenue | NORML LA GRANGE, IL — Regulating the adult use and sale of marijuana to adults would yield an estimated $525 million dollars in new annual revenue, according to an economic analysis published by the Illinois Economic Policy Institute. Authors estimate that regulating marijuana […]

With New York on Brink of Marijuana Legalization, Fierce Debate on Where Tax Revenue Should Go | Drug Policy Alliance With the Democrats regaining control of the New York Senate and Assembly for the first time since 2010, New York is on the cusp of legalizing marijuana. The question is no longer should New York […]

Oklahoma patients pay one of the highest tax rates for medical marijuana in the country. As a result, the state’s young medical cannabis program is already generating substantial revenue. The numbers are eye-catching. In December alone, medical cannabis sales almost topped $1 million, collecting just under $70,000 in tax revenue—not including standard sales tax. But […]

Colorado’s Tax Revenue From Legal Marijuana Is Over Half-Billion Dollars | NORML Revenues from Colorado’s legal cannabis industry have surpassed over a half-billion dollars since retail sales began on January 1, 2014. According to an analysis by VS Strategies, cannabis-related taxes and fees have yielded $506,143,635 in new state revenue over the past three and […]