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Cannabis Could Generate $106 Billion in Tax Revenue, If It Were Federally Legal - Cannabis News
Full adult use legalization of cannabis could generate 1 million jobs in the next seven years, according to New Frontier Data.
Full adult use legalization of cannabis could offer one fat cushion to the government's coffers.
Under full federal legalization, cannabis could potentially create $105.6 billion in federal tax revenue and 1 million new jobs by 2025, according to a report from cannabis industry data and analytics expert New Frontier Data on Tuesday, March 13.
"Under the new business tax rate of 21%, the Trump tax cuts will come as welcome relief to cannabis business owners who already face tax hurdles because of 280E," New Frontier wrote.
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Kinsey Grant ~ TheStreet.com ~
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