Some notable numbers on legal marijuana sales and collected tax revenues

Marijuana Moment has two recent articles that seemed worth noting on the economics of modern marijauan reforms:

“Six U.S. States Report Setting New Monthly Marijuana Sales Records“:

Officials in at least six states with legal marijuana — Connecticut, Maine, Maryland, Michigan, Missouri and New York — reported hitting their highest-ever monthly sales numbers in August, led by surging summer purchases of adult-use products.

“New Federal Data Shows States Collected More Than $8.7 Billion In Marijuana Taxes Since 2021“:

States that have legalized marijuana have reported to the federal government more than $8.7 billion in cannabis tax revenue since tracking began by the U.S. Census Bureau in mid-2021, according to newly updated figures posted by the agency on Thursday.

Overall, California has reported the biggest share of that revenue, at more than $2 billion in tax income, followed by Washington State ($1.3 billion), Colorado ($898 million) and Michigan ($698 million).