If California voters elect to approve the sale of marijuana this fall, the state can expect to collect $519,287,052 in sales and excise taxes over one year.
Colorado's legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes.
Revenues from Michigan’s medical marijuana program exceeded its costs by nearly $6.3 million - money the state says it will use to further improve the system.
The federal Department of Justice's crackdown on medical marijuana dispensaries in California has meant the loss of thousands of jobs and millions of dollars in tax revenue, according to cannabis advocates and government statistics.
For pot growers in B.C., the taxman cometh. Police are now working closely with Canada Revenue Agency auditors, who calculate how much money busted growers would have been making in their operations, and levy taxes accordingly.