Recreational Marijuana Taxes by State

Recreational Marijuana Taxes by State, 2024 - Tax Foundation

State Excise Tax Rates on Recreational Marijuana, as of September 2024 ; Montana, 20% on Retail Sales, Counties may impose additional taxes up to ...

Recreational Marijuana Taxes by State, 2023 - Tax Foundation

Recreational Marijuana Taxes by State, 2023 ; Illinois · 10% tax on cannabis flower or products with less than 35% THC; ; Illinois · 20% tax on ...

State Taxation and Sales of Recreational Marijuana

The initiative would legalizing the possession and use of up to one ounce of marijuana for persons who are at least 21 years old, enacting a 10% tax on ...

How do state and local cannabis (marijuana) taxes work?

Products with a THC level under 35 percent are taxed at 10 percent of the retail price and products with THC levels above 35 percent are taxed at 25 percent.

How much revenue do states make from marijuana taxes? - USAFacts

How do states tax retail cannabis sales? ; Michigan, 10% excise tax and 6% sale tax ; Missouri, 6% retail tax ; Montana, 20% excise tax ; Nevada, 15 ...

Marijuana - Missouri Department of Revenue - MO.gov

... marijuana for medical use sold at marijuana dispensary facilities within the state. Article XIV of the Missouri Constitution applies a 6% tax on the retail ...

Brief Update on State Cannabis Taxation

There is a 20% tax on recreational marijuana. It is made up of a 7% sales tax, 10% cannabis tax, and a 3% tax by the municipality where the marijuana is sold.

State Taxes on Recreational Marijuana - Nolo

Is Marijuana Taxed in Florida? Medical marijuana is exempt from sales taxes in Florida. (In Florida, marijuana is illegal for recreational use. However, Florida ...

Overview of Missouri's Recreational Marijuana Tax Revenue

This amendment included a six percent state sales tax on recreational marijuana. While this is a new source of revenue for the state, these ...

Marijuana Reform and Taxes | Moritz College of Law

Only three states impose a THC potency tax (Illinois, New York and Connecticut), with five additional states imposing some form of weight-based ...

State by state sales tax on cannabis | Wolters Kluwer

Medical cannabis is subject to general sales tax. Retail (recreational) cannabis and cannabis infused products are subject to a 15% state retail marijuana sales ...

Marijuana Tax Revenue by State | The Motley Fool

Combined, states have reported over $19 billion in tax revenue from recreational cannabis sales and medical marijuana sales so far. Here are the statistics on ...

Cannabis Taxes - Illinois Department of Revenue

Retailers' Occupation Tax (sales tax): In addition to the statewide cannabis-specific taxes listed above, state and local sales taxes apply to cannabis. For ...

Marijuana Taxes | Colorado General Assembly

As of 2021, 18 states and the District of Columbia have legalized the sale of retail marijuana. The tax rates and tax structure vary. Washington state levies a ...

State Marijuana Taxes (Medical and Recreational)

Tax rates on medical marijuana purchases are often the same as or close to the state's general sales tax rate and thus do not raise.

Cannabis Tax Revenue in States that Regulate Cannabis for Adult ...

Through the first quarter of 2024, states have reported a combined total of more than $20 billion in tax revenue from legal, adult-use cannabis sales.

Prop 2: Recreational Marijuana Sales Tax | North Kansas City, MO

Additionally, the amendment placed a 6% state sales tax on purchases of recreational marijuana and authorized local governments to add a 3% sales tax. The ...

Marijuana Tax Reports | Colorado Department of Revenue

Tax revenue comes from the state sales tax (2.9%) on marijuana sold in stores, the state retail marijuana sales tax (15%) on retail marijuana sold in stores, ...

Recreational Marijuana Sales Tax - City of Columbia Missouri

The proposed tax is comparable to cities throughout the United States. Here are some examples: Boulder, Colorado — 3.5%; Springfield, Illinois — 3%; Ann Arbor, ...

Missouri judge rules local governments can stack sales tax on ...

... legalized recreational cannabis sales included a 6% statewide excise tax ... “We know from other states that when legal marijuana is taxed ...