Tag: Revenue

New Jersey Cannabis Tax Revenue Provides $5 Million to Violence Prevention

New Jersey Gov. Phil Murphy and Attorney General Matthew J. Platkin recently revealed an initiative that provides a total of $15 million to support Community-Based Violence Intervention (CBVI) programs, a portion of which comes from a dedicated cannabis tax fund. According to a press release, Murphy has helped facilitate the use of more than $40 […]

New Report Shows Colorado Cannabis Tax Revenue Exceeds Tobacco, Alcohol

The Colorado Legislative Council Staff (LCS), described as the “nonpartisan research arm of the Colorado General Assembly,” released a report on Aug. 16 detailing how cannabis taxes are benefitting the state. According to the analysis, Colorado annual cannabis tax revenue may have decreased in FY 2021-2022 and FY 2022-2023, but cannabis sales remain a consistent […]

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