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.

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