Marijuana Could Generate $111 Billion In Tax Revenue Over A Decade If Legalized Federally And In All 50 States, Yale Report Shows

Marijuana Could Generate $111 Billion In Tax Revenue Over A Decade If Legalized Federally And In All 50 States, Yale Report Shows

Federally legalizing marijuana would generate $57.9 billion in new tax revenue over a decade, according to a new Yale University analysis—and additional states also moving to legalize cannabis would nearly double that haul. The report, from the university’s Budget Lab, notes that the “cannabis market has grown into a substantial economic sector” but caveats that there is an “unusual degree of uncertainty” about the fiscal projections, however, g…

Yale Analysis Finds Federal Marijuana Legalization Could Generate $57.9 Billion in Tax Revenue, $111.3 Billion if Every State Legalizes

The Marijuana Herald - Marijuana news and information Federal marijuana legalization and taxation could generate nearly $58 billion for the federal government over a 10-year period, rising to over $111 billion if every state legalized, according to a new analysis from Yale University’s Budget Lab. The report, published August 17, estimates that legalizing marijuana federally for both medical and adult recreational use while imposing a tax of $0.…