Here’s How Much Money States are Raking in From Legal Marijuana Sales

On Jan. 1, 2018, the US’s largest and most populated state — California — oversaw the legalization of recreational marijuana. Though not the first state to do this, California’s action is a milestone for the cannabis industry, and for American drug legislation in general. Almost as, if not equally, important is the fact that marijuana’s recreational legality comes with major taxes: a 15% statewide tax on all recreational and medical cannabis products, and additional local…