Federal legalization of medical and adult-use cannabis will create $86 billion in additional U.S. tax revenue and a $26 billion annual U.S. cannabis market by 2025, according to a report released Jan. 29.

New Frontier Data, which compiles business metrics for the global cannabis industry, issued economic data detailing the potential impact of federal cannabis regulation on key industry sectors in the United States.

The report, released during a presentation with Congressmen Earl Blumenauer, D-Oregon, and Lou Correa, D-California, at the National Press Club in Washington, D.C.

Also presenting at the briefing by New Frontier Data and The Liason Group were cannabis testing lab Steep Hill and U.S. tax firm CohnReznick. 

Click here to read the complete article

North Bay Business Journal

Recent News Articles

Wednesday May 22

Marijuana sales east of Mississippi poised to rival western markets - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

The cannabis industry in the United States has long been centered around such states as…

1064 hits

Wednesday May 22

Study finds CBD effective in treating heroin addiction - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

Cannabidiol, the non-psychoactive ingredient in hemp and marijuana, could treat opioid addiction, a new study…

1138 hits

Wednesday May 22

This fashion house is spinning off a cannabis brand, and its first collection is wild…

in Fashion

by Bruce Kennedy - Editor in Chief

It’s the first high-end fashion brand that has entered the cannabis market, which is currently…

2429 hits

Wednesday May 22

Wisconsin banks warming to industrial hemp business - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

The Wisconsin Bankers Association hosted a panel discussion with members about financial institutions’ concerns over…

2671 hits

Wednesday May 22

MjMicro Conference Sold Out for Presenting Companies, Underscores Increasing Demand in Booming Cannabis Sectors

in Cannabis News

by Bruce Kennedy - Editor in Chief

NEW YORK, May 22, 2019 (GLOBE NEWSWIRE) -- via CannabisNewsWire -- MjMicro Conference (www.mjmicro.com), the…

2643 hits