Recreational Cannabis Has Produced Close To $8 Billion In Tax RevenuePosted by On


Recreation Cannabis Sales Have Generated Billions In Tax Revenue In The U.S.

Now that marijuana stocks are starting to recover a bit better investors are still remaining cautious. The goal heading into June is to see cannabis stocks climb further back to higher market levels. With more cannabis companies releasing good earnings it’s contributing to the current rise in the sector. Looking past marijuana stocks the growth and progress of the cannabis industry is also helping some cannabis companies reach better gains.

In just the last year alone the U.S. cannabis industry hit a record-breaking $17.5 billion in legal cannabis sales. Much of this is due to legal states that have medical and recreational markets in place. Back in November when the height of this pandemic started a big increase in demand for cannabis overwhelmed the industry. However, the spike in cannabis sales back at that time, helped some cannabis companies report record-breaking earnings in 2020.

Also, a big contributor to this is more than half of the United States has some form of the legal cannabis market. The U.S. cannabis market has been a big focus amongst investors. This is due to the consistent growth and high revenue coming from that side of the sector. Many states with legal markets are looking for funding to start programs. As well as other ventures to further innovate the cannabis industry. The money to pay for all of this would be used from the tax money made from legal cannabis.

Tax Revenue…

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Recreation Cannabis Sales Have Generated Billions In Tax Revenue In The U.S.

Now that marijuana stocks are starting to recover a bit better investors are still remaining cautious. The goal heading into June is to see cannabis stocks climb further back to higher market levels. With more cannabis companies releasing good earnings it’s contributing to the current rise in the sector. Looking past marijuana stocks the growth and progress of the cannabis industry is also helping some cannabis companies reach better gains.

In just the last year alone the U.S. cannabis industry hit a record-breaking $17.5 billion in legal cannabis sales. Much of this is due to legal states that have medical and recreational markets in place. Back in November when the height of this pandemic started a big increase in demand for cannabis overwhelmed the industry. However, the spike in cannabis sales back at that time, helped some cannabis companies report record-breaking earnings in 2020.

Also, a big contributor to this is more than half of the United States has some form of the legal cannabis market. The U.S. cannabis market has been a big focus amongst investors. This is due to the consistent growth and high revenue coming from that side of the sector. Many states with legal markets are looking for funding to start programs. As well as other ventures to further innovate the cannabis industry. The money to pay for all of this would be used from the tax money made from legal cannabis.

Tax Revenue…



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