Cannabis Tax Revenue Act

The Cannabis Tax Revenue Act is legislation designed to collect taxes on the sales of cannabis products, usually after legalization at the state level. It establishes a framework for taxing cannabis sales, with the revenue generated typically allocated to public services such as education, healthcare, and infrastructure. By regulating and taxing cannabis, the act aims to generate revenue for governments while potentially reducing illegal market activity and promoting responsible use. Ultimately, it seeks to address both economic and social impacts associated with cannabis legalization.