U.S. states where cannabis is legal have raked in more than $9.7 billion in marijuana tax revenue since the middle of 2021, according to newly updated federal data from the Census Bureau—that’s up nearly $1 billion since the agency last updated its cannabis revenue tracker in September.
During the third quarter of 2024—the most recent period for which data is available—states reported about $734.8 million in total marijuana tax revenue to the federal agency.
The new data, however, also revises upward figures from other recent quarters, adding up to a billion-dollar growth in reported state revenue in the last three months. The second quarter of this year, for example, saw an update from $609.9 million to $840.4 million—a new quarterly record, according to the agency’s tracking.
Individual states reporting the highest dollar amounts during Q3 of 2024 were adult-use jurisdictions with more established markets and larger populations: California ($159.6 million), Michigan ($79.3 million), Washington State ($77.3 million) and Illinois ($72.8 million).
Among the lowest were more restrictive states like Louisiana ($284,000) and Mississippi ($385,000) as well as Washington, D.C., where marijuana is legal for adults but sales of non-medical cannabis remain illegal.
Cannabis excise tax as a percentage of total
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