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Cannabis Tax Revenues On The Rise Across The Western U.S.

February 5, 2019

The opportunity to raise significant tax revenues from cannabis continues to be a key selling point for proponents of recreational sales. Last year, a number of Western states where cannabis has been legalized for recreational use posted strong revenue increases.

In the 12 months through November, Washington state collected $369 million in tax revenues from cannabis, up 8.3% year-on-year, while Nevada posted revenues of $85.2 million in its first full year of legal sales. Growth was also strong in Colorado, where revenues rose 7.7% in calendar 2018 to $267 million, and in Oregon, where they jumped 39% to $109 million. Meanwhile, in its first year of legal recreational sales, California reported cannabis tax revenues of $234 million in the nine months through September.—Daniel Marsteller

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