Bloomberg Article: Percentage, Weight, Potency: State Cannabis Taxes Explained

Missouri and Maryland are anticipating new tax revenues from recreational marijuana sales to adults after voters approved measures in November, joining a growing number of states that have legalized cannabis.

The most recent state rollouts include New York, which started Dec. 29, and Rhode Island, which launched the sale of recreational marijuana earlier in December.

How many states tax recreational marijuana?

So far, 21 states and Washington, D.C., have legalized recreational marijuana. Sales haven’t begun yet in Missouri, Connecticut, and Virginia. In Maryland, lawmakers must still pass …

Read article at  https://news.bloomberglaw.com/daily-tax-report/percentage-weight-potency-state-cannabis-taxes-explained

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