Since Colorado and Washington took the historic step of legalizing recreational cannabis in 2014, the marijuana industry has rapidly expanded, with tax revenue emerging as one of the most significant financial outcomes.
The growing legal cannabis market across the U.S. has generated billions of dollars in tax revenue, benefitting state budgets, funding essential services and providing economic boosts in both mature and newly legal markets. According to the latest figures compiled by Lyle Daly for The Motley Fool, based on official websites and the Tax Foundation, states that have not yet legalized are missing out on nearly $5 billion in tax revenue.
