Marijuana Taxes in One City Created over $20 Million for Homeless Services, Affordable Housing, Education, and Police Funding

Since the legalization of cannabis, Denver has generated over $500 million in total tax revenue from adult-use and medical marijuana since 2010. In 2023, the city collected $48.1 million in marijuana tax revenue, reflecting a decline from its peak of $72.6 million in 2021. This trend highlights the fluctuations in the cannabis market and the challenges faced by the industry in recent years.