Marijuana tax revenue in California

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