A majority of the states that legalized recreational marijuana for recreational use are collecting more tax revenue from pot sales than alcohol sales.
The first two states to legalize pot are profiting the most, Colorado and Washington. Across the country, the total revenue for taxes on weed amounted to nearly $3 billion, according to a report on “sin taxes” by The Institute on Taxation and Economic Policy (ITEP).
So far, 11 states have legalized the sale of recreational marijuana.
The states that have given recreational marijuana legalization the green-light are Colorado, Washington, California, Illinois, Michigan, Massachusetts, Oregon, Arizona, Nevada, Maine and Alaska.
Original author: Cannabis News