USA States Where Cannabis is Legalized
Legalization of Cannabis in USA is slowly spreading across USA states.
As of Oct 2018, recreational marijuana is legal in 9 states and medical marijuana is legal in 30 states. This # is expected to grow as many states are accepting Cannabis as a legal consumption product.
Legalization of Cannabis for medical and recreational use started back in 1996. California became the first state to legalize medical marijuana. This was HUGE!
In 2012, Colorado and Washington became the first states to legalize cannabis for recreational use. sparking a trend that spread to a majority of states by 2016.
Since then, many states have changed their rules in regards to Cannabis legalization for Medical and Recreational use.
Legaly conducted cannabis sales has growing exponentially. To be exact, $9.7 billion in North America in 2017 (this according to a report from Arcview Market Research and BDS Analytics).
The report also mentioned: legal cannabis sales to reach $24.5 billion in sales
States that have legalized it have seen huge returns via taxes. For example, the state of California earned $60.9 million in tax revenue from legal cannabis sales in Q1 of 2018.
As the year end, we look forward to learning what 2018 tax income for various states were.