According to new state data which was first reported by WCVB-TV, Massachusetts marijuana tax revenue is now greater than alcohol.

As of December 2021, Massachusetts brought in $51.3 million from alcohol taxes while bringing in $74.2 million from cannabis at the halfway point of the fiscal year.

Overall, the state has seen $2.54 billion in adult-use marijuana purchases since the market came online in November 2018. Regulators first reported that the state achieved the $2 billion sales milestone in September.

Illinois is another state that has seen cannabis taxes beat out booze for the first time last year. The state had collected about $100 million more from adult-use marijuana than alcohol during 2021.

Illinois is dedicating portions of tax revenue to mental health services, as well as local organizations “developing programs that benefit disadvantaged communities.”

Another state to use their marijuana tax revenue in a great way is Colorado.

Nearly $500 million of cannabis tax revenue in Colorado has supported the state’s public school system. That state brought in a record $423 million in marijuana tax dollars last year.

Leave a Reply

Your email address will not be published.

You May Also Like

Virginia Cannabis Companies Scramble to Increase Production
09 March 2021
California Elementary School Kids are Sick After Eating Cannabis Candy
30 May 2022
Doing this to Marijuana Could Increase your Cancer Risk
18 October 2017