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Fiscal Policy & Taxes

Marijuana Revenue in the State Budget

Liquor, Tobacco, & Marijuana

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.

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The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details