How Much Money Could Your State Make by Legalizing Weed? – $5 Billion in Tax Revenue Up for Grabs in Non-Legal States

Since Colorado and Washington became the first states to legalize recreational cannabis in 2012, the industry has experienced explosive growth. By 2023, legal cannabis sales in the U.S. reached approximately $30 billion, with projections suggesting that this figure could exceed $50 billion by 2026. This rapid expansion has generated substantial tax revenues for states that have embraced legalization.