Well I am twenty minutes from Massachusetts and I can’t for the life of me figure out why they would want to do that. Here’s the breakdown of tax revenue generated from legal cannabis sales since 2019.
Since legalizing recreational marijuana, Massachusetts has generated significant tax revenue. Here's a summary of the state's marijuana tax revenue by fiscal year:
- 2019: $22,058,544
- 2020: $81,734,083
- 2021: $176,731,045
- 2022: $248,987,059
- 2023: $255,007,368
- 2024: $272,445,292
- 2025 (July-May): $264,237,649
Note: This data includes both the state's 10.75% excise tax on retail sales and the standard 6.25% state sales tax applied to cannabis products. Localities may also impose an additional tax of up to 3%.
So I guess they have a new breed of politicians that thrive on stupidity rather than money and greed. Scary stuff
1.3 billion dollars and change generated by legal weed. I would bet that the pharmaceutical industry is behind this but hey what do I know??