Colorado and Washington State took in more revenue from marijuana sales than from either alcohol or cigarettes in Fiscal Year 2022, according to a new report.
Another eight states saw tax revenue from cannabis outpace cigarettes, while Nevada took in more from marijuana than alcohol.
The analysis, published by the Tax Policy Center on Wednesday, provides a comprehensive overview of the various tax models, revenue data and debates over the most effective tax regimes in states that have legalized cannabis.
Researchers Richard Auxier and Nikhita Airi said that while it's difficult to draw generalizations about marijuana tax policy given the...
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