AYRWF - Recreational cannabis netted more than $3.7B in tax revenues for states in 2021

Sales of adult-use cannabis added $3.7B to state coffers in 2021, according to a new study from the Marijuana Policy Project. The figure does not include tax revenues from medical marijuana sales, or application and licensing fees paid by cannabis companies. In 2020, recreational marijuana sales generated about $2.8B in state tax revenue. The state that brought in the most tax dollars from recreational sales in 2021 was California was ~$1.3B. Coming in a distant second was Washington State with ~$630.9M. Since Colorado and Washington State began adult-use cannabis sales in 2014 through March 2022, overall state tax revenue has totaled $11.2B. Several other states, notably New York and New Jersey, have legalized recreational use of marijuana though sales have yet to begin. Multi-state operators: Cresco Labs (OTCQX:CRLBF); Columbia Care (OTCQX:CCHWF) Trulieve Cannabis (OTCQX:TCNNF); Green Thumb Industries (OTCQX:GTBIF); Curaleaf Holdings (OTCPK:CURLF); MedMen Enterprises (OTCQB:MMNFF); Acreage Holdings (OTCQX:ACRHF); Ayr Wellness (OTCQX:AYRWF); Verano

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Recreational cannabis netted more than $3.7B in tax revenues for states in 2021