Massachusetts marijuana excise tax revenue exceeds alcohol for first time

***PKG ** PACKAdvertisement Massachusetts marijuana excise tax revenue exceeds alcohol for first time Changing attitudes toward cannabis and alcohol helping drive increase in use Share Copy Link CopyMaybe a generation ago, Olivia Letters and her friends would have had drinks together. Take excise taxes, which are levied on both alcohol and marijuana.Alcohol excise taxes have increased slightly in the past five fiscal years. Halfway through the current fiscal year, Massachusetts has collected $51.3 million so far in alcohol excise taxes.For the first time, marijuana excise taxes have exceeded alcohol’s. At the same midway point this fiscal year, the state has collected $74.2 million as December 2021.The excise tax of 10.75% on recreational cannabis is only about half of the total tax revenue being collected for cannabis. It all added up to $208 million in total tax revenue last fiscal year.