revenue

Tax proceeds on Nevada's marijuana sales is continuing an upward trajectory, establishing a new monthly high in October during the fourth month of the state's recreational marijuana program, officials announced Wednesday. The industry brought in more than $5.8 million in October, which...

November 4th marks five years since Colorado and Washington were the first states in the nation to legalize marijuana. Amendment 64 passed in Colorado in November 2012, legalizing marijuana for adults over the age of 21. Gov. John Hickenlooper formalized it as part of the state constitution...

New York's fledgling medical marijuana program has faced its share of obstacles: Tepid doctor interest, limited certified patients and a restrictive law that makes expansion difficult. But the main factor at the center of the state's ongoing struggle to build a sustainable medical marijuana...

More than three years after recreational marijuana sales began in Washington, cities are seeing less and less of the pot revenue the state once promised. As cities struggle with budgets, they're going to feel the pain from money they aren't getting, said Association of Washington Cities...

July 1 marked the premiere of legal cannabis for adult use in Nevada. In just four days, over $3 million in sales was generated. The demand was so high that the dispensaries ran out of weed, forcing the Republican governor to endorse emergency measures that would help put more pot on the shelves...

Marijuana tax revenue is projected to bring in $40 million to schools over the next two years, but the Clark County School District is taking issue with how that money is distributed. That's because that money – an estimate from the governor's office – will go into the Distributive School...

Maine lawmakers are coalescing around a rough plan for the state's new recreational marijuana industry after months of wonky hearings and with weeks more to go before a final proposal that could come by summer's end. Voters backed legalization by a slim margin in the 2016 election, approving...

Colorado has received more than half a billion dollars in tax revenue from marijuana sales since recreational sales became legal in 2014. The benchmark was made in May, but was analyzed in a report released on Wednesday by VS Strategies in Denver based on publicly available data from the...

Legal marijuana is big business in Colorado. May marked the 12th consecutive month weed sales exceeded $100 million. Colorado outlet The Cannabist has calculated that the state sold $127 million worth of marijuana products in May 2017 alone, the 12 month in a row sales have topped the $100...

Alaska's marijuana industry has brought in more than $1 million in tax revenue since commercial sales began in October. Revenue passed the mark on June 30, which was the due date for Alaska cannabis growers to pay taxes collected in May, The Juneau Empire reported. The state's May money...

This spring, the state Legislature passed a 4-percent sales tax on medical marijuana. The same deliberative body that could not bring itself to issue bonds for schools and rural water systems had no problem taxing medicine, probably because we all know medical marijuana is actually for fun. For...

Despite declining TV ratings for National Football League (NFL) games, football remains the most popular sport among Americans. It's also a big industry, with the NFL generating estimated revenue of around $14 billion last season. Another industry could soon eclipse the NFL, though, if...

Colorado is making big money off marijuana sales, over $105 million in tax revenue for fiscal year 2016-17. That revenue is going into a "Marijuana Tax Cash Fund" that's being allocated a few different ways (as reported by Vice). Arguably the most meaningful, and exemplary for other states to...

Oregon is sitting on millions of dollars generated from legal pot sales, with its booming marijuana industry having grossed nearly $75 million since the start of 2016. However, none of the entities that were supposed to receive funding under the marijuana law have seen a dime since the state...

Bend, Ore. - The city of Bend expects to receive $500,000 a year in revenue from the 3 percent marijuana sales tax voters passed in November. That's higher than the $345,000 the city estimated last year. This good news is coming at a time when overall city revenue was not as high this year as...

The second full month of marijuana tax revenue has entered the state treasury. In December, 13 marijuana cultivators paid $145,800 to the Alaska Department of Revenue's Tax Division, revenue audit supervisor Kelly Mazzei wrote Tuesday. Under Alaska law, growers pay the state's tax. Bud is...

News-Miner opinion: It's something of a rarity in Alaska lately for government to find itself with more revenue than expected. But in a roundup of 2016 marijuana retail taxes released this week by the city of Fairbanks, revenue from the the sale of the drug is substantial higher than municipal...

Olypmia – It's a question that Republican senators have asked during state budget battles from time to time: Why can't Washington, flush with marijuana tax revenue far outpacing old projections, use that money to help solve the state's school-funding crisis? Well, it can. To a small extent it...

The state is expecting to receive only $1 million in revenue from the medical marijuana excise tax this year, far less than what the Cuomo administration believed would come in when it proposed its budget one year ago. At the time, the administration budgeted $4 million in revenue, which...

By the time the state's year-end marijuana tax data is released in February, it's possible that tax revenues for 2016 will top those from 2014 and 2015 combined. Across Colorado, with November and December numbers still yet to be reported, recreational and medical marijuana sales have topped...