Majority of legal U.S. states collect more tax revenue from cannabis sales than alcohol: analysis

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According to the analysis, the amount of cannabis excise tax revenue collected increased by 33 per cent, year over year. A new analysis from the Institute on Taxation and Economic Policy (ITEP) has found that cannabis taxes largely outpaced alcohol taxes in legal U.S. states. Looking at 2021 data from 11 states, study authors found that those with legal cannabis collected nearly US$3 billion in cannabis excise tax revenue, compared to about US$2.5 billion collected on alcohol excise taxes or state-run liquor store profits. Cannabis taxes in the state were nearly eight times higher than the excise taxes collected on alcohol. Michigan has one of the lower tax rates at 10 per cent, while Washington leads the nation with a 37 per cent excise tax rate.

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A new analysis from the Institute on Taxation and Economic Policy (ITEP) has found that cannabis taxes largely outpaced alcohol taxes in legal U.S. states.

Looking at 2021 data from 11 states, study authors found that those with legal cannabis collected nearly US$3 billion in cannabis excise tax revenue, compared to about US$2.5 billion collected on alcohol excise taxes or state-run liquor store profits.

According to the analysis, the amount of cannabis excise tax revenue collected increased by 33 per cent, year over year.

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