Other states that have met or exceeded revenue projections include Illinois, Nevada and Washington. In Washington, for instance, “recreational marijuana generated approximately $70 million in tax revenue in the first year of sales — double the original revenue forecast,” Cato said. Alaska, the only state with a specific marijuana tax structure, initially did not meet revenue estimates when sales began in 2016, but in fiscal 2019 it met its original projections as tax collections increased 10 times from fiscal 2017 to fiscal 2019.