Legal marijuana markets are a significant source of tax revenue for U.S. states, with combined state tax revenues from medical and recreational sales having reached nearly $25 billion so far. In 2023 alone, states collected roughly $2.9 billion in cannabis excise tax revenue.
The total U.S. economic impact of regulated marijuana sales is projected to be over $123.6 billion in 2025, including direct sales and indirect contributions to the broader economy. Direct medical and recreational sales are estimated to reach $35.3 billion in 2025.
