Out of 10 legal states (plus D.C.), 7 currently tax and regulate revenue-producing cannabis stores
recently claimed that the number of direct and indirect jobs created through legalization grew to 300,000 last year. Another obvious economic benefit is of course tax revenue, something which was also highlighted in Leafly's report.
Out of ten legal states , seven currently tax and regulate revenue-producing stores. With those taxes typically 10 to 37% higher than local sales tax, it comes as little surprise that some states raked in hundreds of millions of dollars last year. Out of all states where recreational marijuana has been given the green light, Washington made the most in taxes last year with an estimated $319 million.
What is all that money used for? Leafly said that it supports jobs in school construction, drug abuse programs and medical research, among other areas. Aurora in Colorado is a notable example of pot money put to good use with the municipality using $900,000 to open a space for individuals experiencing homelessness.
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