A new study shows Michigan generated the No. 8 most in marijuana taxes in 2020 with $31 million, youth marijuana usage decreased while adult usage increased.
Following New York’s monumental announcement, 16 states and D.C. have now fully legalized marijuana and 11 have sales and taxes. As we approach the 10th anniversary of Colorado’s 2012 legalization, Americans for and against legalization can look back at the impact over the last decade.
US Drug Test Centers today released a study on Marijuana Economics and Usage by State using data through 2020 from State Revenue and Comptroller Reports, Tax Foundation, and Substance Abuse and Mental Health Services Administration (SAMSA).
In Michigan, adults who used marijuana “in the last month” increased by 39 percent since 2015 and youth ages 12-17 decreased by 8 percent.
Key National Findings:
- $2.5 billion in marijuana tax was collected in 2020, nearly half was from California.
- Marijuana Tax Revenue by State: California ($1.03B), Washington ($469M), Colorado ($378M), Oregon ($183M), Illinois ($175M) are the top five.
- Where Did the Money Go: Helped fund local government, schools and law enforcement.
- Youth Usage: No clear correlation between legalization and youth usage. In the 15 legal states and D.C., eight saw an increase, eight saw a decrease.
- Adult Usage: Increased by double digits in every state since 2015 led by Nevada at 119 percent.
- Cultural Perception: Less adults view marijuana as dangerous down to 25 percent.