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Study Predicts $3B in Taxes for U.S. if Cannibis Nationally Legalized

Taxes have been a primary motive for legislators to consider the legalization of retail marijuana sales. With Colorado collecting $2.5 million in cannabis-related excise taxes during the first two months of sales and $30 million in sales, the apparent economy boost that states like California and Oregon are not too far behind.

The financial site NerdWallet projects that marijuana sales would lead to more than $3 billion a year in state and local taxes if cannabis is legalized across the country. The figures are based on a previous estimate by a Harvard University economist of $14 billion in annual sales if the entire nation legalizes marijuana.

Article Link: http://mmjbusinessdaily.com/report-3b-in-taxes-if-every-state-legalizes-cannabis/