6 articles tagged with "tax revenue"
LegislationGov. Josh Shapiro includes adult-use cannabis in his budget for the second year, projecting $729 million in first-year revenue. The proposal faces Republican opposition in the state Senate.
LegislationWest Virginia refuses to spend medical marijuana tax revenue over federal law concerns, even as 20+ states allocate similar funds without issue. A state lawmaker is pushing to finally put the idle money to use.
LegislationOhio has distributed nearly $11 million in cannabis tax revenue to local governments after withholding the funds for over a year, despite state law requiring the payments to municipalities hosting dispensaries.
LegislationOhio cities that allowed recreational marijuana dispensaries are receiving their first tax revenue distributions from the state's 10% cannabis excise tax, with funds available for local programs and services.
BusinessMontana's recreational cannabis retailers have sold over $1 billion in product since adult-use sales began in January 2022, generating $217 million in state tax revenue.
BusinessMontana's adult-use cannabis market hit $327 million in 2024, pushing total state sales past $1 billion since 2022. Medical marijuana sales continue declining as patients shift to recreational dispensaries.
