Marijuana tax revenues fall short of projections in many states, including Colorado
- Written by Boyoung Seo, Assistant Professor of Business, Indiana University
Nearly half of Americans live in a state that allows legal access to recreational marijuana. Eleven more states, including Wisconsin and Florida, are considering legalization in 2024.
One of the most common rationales for legalizing marijuana is increasing state tax revenue. How much revenue comes in depends on decisions states make about...