Category: taxes

Study: Legal Marijuana Market Would Yield Over $3 Billion In Tax Revenue

Legalizing the retail production and sale of cannabis in the United States would yield over $3 billion in annual tax revenue, according to an analysis published this week by the personal finance website, NerdWallet.com. Based on existing market projections, California would gain the largest amount of annual tax revenue ($519,287,052) were commercial cannabis production and sales to be legalized for adults. Other top tax revenue generating states include: New York ($248,103,676), Florida ($183,408,640), Texas ($166,303,963), and Illinois ($126,107,360).

High Times’ Cannabis Consumer Choice Polling

Our friends at High Times (and former NORML director Dr. Jon Gettman) are running an online poll asking for consumers’ choice regarding the preferred marijuana distribution that emerges post-prohibition. Legal Marijuana: Which Market Do You Prefer? As we approach the new inevitability of legalized cannabis, three models have been proposed for a national marijuana market. By Jon Gettman In the past, the goal of marijuana legalization was simple: to bring about the end of federal prohibition and allow adults to use the plant without threat of prosecution and imprisonment. But […]