Categories: aggregated

How Much Tax Revenue Would Be Created by Legalizing Marijuana? A. $20 Billion B. $8.5 Billion C. $3 Billion

A recent report from a nonprofit think tank based in Washington, D.C., the Tax Foundation, suggests that nationwide legalization of marijuana across all states could lead to an annual cannabis tax revenue of $8.5 billion. The report outlines a proposed state and federal taxation model aimed at maintaining relatively low costs to discourage illicit sales, while also imposing higher tax rates on more potent cannabis products.

Jason

Share
Published by
Jason

Recent Posts

5 Cannabis Christmas Recipes to Try This Holiday Season at Home or the Office Party!

To help make your holidaze more "dazey," I've crafted five festive recipes that combine seasonal…

10 hours ago

The Grinch Stole SAFE Banking from the Cannabis Industry This Christmas, Yet Again!

As of December 2024, it has become official: the current Congress will not provide any…

1 day ago

What Federally Illegal Drug Has Created Almost $10 Billion in Sales Tax Revenue for States in the Last 40 Months?

In a significant development for the burgeoning cannabis industry, the U.S. Census Bureau has reported…

3 days ago

Are MSOs Just Big Pharma on Steriods? – Anti-Pot Florida Governor Says Large Cannabis Companies are Just Drug Companies Part 2

The ongoing debate over cannabis legalization in Florida reflects broader national trends regarding marijuana policy.…

4 days ago

2024’s cannabis award-winners and where to buy them

Shop the winners near you. The post 2024’s cannabis award-winners and where to buy them…

5 days ago