American attitudes towards the legalization of marijuana have shifted in the last few years. In 2019, 66% of Americans say the use of marijuana should be legal, which represents a stark difference from the 33% of Americans who supported the measure in 2009.
As a result, a growing number of states have legalized recreational marijuana. Nine states are currently selling marijuana recreationally and several other states have legalized marijuana but are still setting up the retail and tax structure.
Source: Tax Foundation 2020
States currently selling recreational marijuana:
States where marijuana is legal, but not sold yet:
Selling marijuana recreationally is a fairly new trend, so as you might expect, the tax codes are still evolving.
As it stands right now, every state taxes marijuana differently.
Some charge consumer’s a sales tax and charges the growers an excise tax.
Some states charge a tax based on weight or potency.
To clarify the patchwork of tax rules, we’ll explore which recreational…