Marijuana Tax Revenue Surpasses That of Alcohol In Massachusetts

With the fiscal year halfway over, state revenue from the marijuana excise tax is outpacing revenue from alcohol. As of December 2021, the state had collected about $74.2 million in marijuana excise tax so far for fiscal year 2022, according to the Massachusetts Department of Revenue. That month, tax revenue from alcohol reached $51.3 million fiscal year-to-date, the department's data shows. Fiscal year 2021 was the first year that weed overtook booze, with the state collecting $92.7 million f

With the fiscal year halfway over, state revenue from the marijuana excise tax is outpacing revenue from alcohol. As of December 2021, the state had collected about $74.2 million in marijuana excise tax so far for fiscal year 2022, according to the Massachusetts Department of Revenue. That month, tax revenue from alcohol reached $51.3 million fiscal year-to-date, the department's data shows. Fiscal year 2021 was the first year that weed overtook booze, with the state collecting $92.7 million f…