Marijuana Revenue in the State Budget
The memorandum describes how marijuana is taxed and how marijuana tax revenue is distributed. In FY 2016-17, state tax revenue from the marijuana industry totaled $211.1 million. Marijuana tax revenue is deposited in several different accounts. The General Assembly appropriated $100.5 million for FY 2017-18 from the Marijuana Tax Cash Fund to fund various programs related to the legalization of marijuana.