Projected State Marijuana Tax Revenues, if legalized:

.
 

Projected marijuana tax revenues*
State Tax Revenue
(in millions)
California 105.4
New York 65.5
Florida 48.2
Texas 46.6
Ohio 34.8
Michigan 32.4
Illinois 31.6
Pennsylvania 30.5
Washington 22.0
Virginia 20.9
North Carolina 20.6
Georgia 19.3
New Jersey 19.3
Massachusetts 18.4
Indiana 17.8
Colorado 17.6
Missouri 15.6
Minnesota 14.3
Oregon 14.1
Maryland 13.9
Wisconsin 13.4
Arizona 13.0
Louisiana 13.0
Tennessee 12.2
Kentucky 10.2
Connecticut 9.8
South Carolina 9.1
Alabama 8.9
Oklahoma 8.3
Nevada 7.9
Arkansas 6.7
Kansas 6.6
Mississippi 6.6
Iowa 6.2
New Hampshire 5.6
Nebraska 5.0
New Mexico 4.9
Utah 4.7
Rhode Island 4.6
Maine 4.1
West Virginia 4.1
Hawaii 4.0
Montana 3.6
Idaho 3.3
Alaska 2.8
District of Columbia 2.8
Vermont 2.8
Delaware 2.4
South Dakota 2.0
North Dakota 1.6
Wyoming 1.2
* Revenues based on state-by-state marijuana consumption, assuming pot were legalized. Source: Prof. Jeffrey Miron, “Budgetary Implications of Marijuana Prohibitions,” June 2005.

 

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