The report was published this week and looked at the tax structure, population and revenue from cannabis in states with cannabis regulations.
So far, 18 states have cannabis laws that allow consumption for adults 21 and older.
Last year, the state generated US$396 million in tax revenue and in the first two months of 2022 the state has already collected US$55 million.
In 2021, the state collected US$630.8 million in tax revenue.
Alaska, with a population of under a million people, allows cannabis sales in October 2016 but had a slower revenue generation than in some other states because of the lack of medical storefronts that could transition into adult-use retailers.
In California, which has the largest population in the country, pot sales made US$3.4 billion since sales started in 2018.