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States collected $2.7 billion in recreational pot taxes in 2020

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Ten states that have legalized the use of marijuana for recreational purposes collected almost $2.7 billion in taxes on pot products last year as sales surged and more regulatory structures came online.
A new report from the Marijuana Policy Project, a pro-legalization group, estimates that states have collected a total of $7.9 billion in tax revenue since the first states Washington and Colorado began allowing recreational pot sales in 2014.
Tax revenue generated by marijuana sales have showed substantial year-over-year growth in every state that has voted to legalize recreational use. Those sales took off in 2020, when Americans stuck at home purchased more marijuana for use during the lockdowns. ....

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Colorado Marijuana Sales Calm Before the Storm in February

Colorado marijuana sales experienced their annual dip in February, accounting for about $167 million, according to the state Department of Revenue, but are likely poised for a big rebound. ....

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Links 3/26/2021 | naked capitalism

Links 3/26/2021 | naked capitalism
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New York Legal Marijuana Amendments Outlined

New York Legal Marijuana Amendments Outlined
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The 30-day amendments enable the use of delivery services, refine what criminal charges will be enforced regarding improper sale of marijuana and how to allocate $100-million in what is being billed as the “Cannabis Social Equity Fund”, targeting communities most harmed by the so-called “war on drugs.”
Cuomo announced February 16 he wants to take “every opportunity to address and correct decades of institutional wrongs” in supporting community based nonprofit organizations and governments where lopsided enforcement of minor drug offenses like marijuana possession in the past incarcerated minorities and lower-income people.
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