The U.S. Census Bureau has launched an interactive map outlining the quarterly income states have garnered from hashish excise taxes and what p.c of their revenues the taxes characterize. The company’s knowledge covers the second half of 2021, all of 2022, and the primary half of this yr.
The info set for Q2 2023 is incomplete with a number of states the place adult-use companies are operational not included, comparable to Washington State, New Jersey, and Maryland. Different states, together with Virginia and Minnesota have legalized hashish for adult-use however gross sales have but to begin. The info additionally contains states that impose excise taxes on medical hashish gross sales.
The accessible knowledge exhibits that Q2 2023 hashish tax revenues in 5 states represented greater than 1% of the states’ complete tax revenues, together with Alaska (1.32%), Colorado (1.21%), Illinois (2.04%), Michigan (2.16%), and Oregon (3.19%). Amongst these states, solely Alaska and Michigan had will increase in hashish tax revenues from the earlier quarter, with 18.35% and eight.53% respectively. Colorado noticed a 0.33% lower, Illinois a 3.72% lower, and Oregon a 7.95% lower.
Hashish tax revenues for 2 states, Arizona (0.73%) and Missouri (0.92%), represented between 0.5% and 1% of income and each noticed will increase from Q1 figures at 9.73% and 89.4%, respectively.
The hashish tax revenues from the remaining states included within the dataset comprised lower than 0.5% of the state’s revenues in Q2; these states embody California (0.26%), Connecticut (0.05%), Maine (0.11%), Massachusetts (0.42%), Mississippi (0.02%), Montana (0.25%), Nevada (0.17%), New Mexico (0.06%), New York (0.37%), Oklahoma (0.09%), Pennsylvania (0.20%), Rhode Island (0.13%), Vermont (0.04%), and Washington, D.C. (0.01%).
Get each day hashish enterprise information updates. Subscribe