US collects record amount in cannabis tax revenue

Tax revenue from the cannabis industry in the United States has reached a record high. Over a period of five years, a total of $15.8 billion has been collected, reports CannabisIndustrie.nl.

The increase in tax revenue is due to the legalization of cannabis in more and more states. For several years, the use of cannabis for recreational purposes has been permitted in various states, leading to increased sales and thus more tax revenue.

This is the first time such a high amount of tax has been collected since the legalization of cannabis began in the US. Analysts expect revenue to rise further next year, as more states legalize cannabis for recreational use.

This report is a summary based on the mentioned source and is not medical advice. Always consult a doctor or pharmacist for complaints.