BOSTON (WBZ NewsRadio) — Recreational marijuana sales may be up, but so are the Commonwealths' tax on it.
According to the Cannabis Control Commission, the state's sales of cannabis sold for adult recreational use has reached $2.54 billion, but have led to marijuana officially surpassing alcohol in excise tax dollars for the first time.
Through December 2021, halfway through the fiscal year, Massachusetts collected $74.2 million in marijuana excise tax, while alcohol excise taxes were $51.3 million for the same timeframe, WCVB reported. The state's excise tax rate for recreational cannabis is 10.75%, on top of a 6.25% state sales tax and a 3% local tax.
WBZ's Jim MacKay (@JimMacKayOnAir) reports.