Marijuana tax revenue in California

The California Board of Equalization reports that the state of California could receive up to $1.4 billion in tax revenue if marijuana was legalized and taxed.

The figure is based upon placing a $50 tax on each ounce sold.  8.6 million pounds is produced each year in the state with a value of $13.8 billion.  The state would earn up to $990 million on the $50 tax and an additional $392 million in sales tax.

(More crime in the United States statistics.)

 

1 comment

  1. Source: Capital Alert, “Legal pot could generate $1.4 billion in revenue, tax board says,” Sacramento Bee, July 15, 2009.

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