Ask Our Experts 10/13/19: Industry Revenues After Federal Legalization

 

Q: With more conversations about national reforms being had in Washington, D.C., what was the takeaway from your new report regarding the nationwide forecast for jobs and taxes pending federal legalization?

By New Frontier Data

A: In gathering the research presented in New Frontier Data’s recent release, Cannabis in the U.S. Economy: Jobs, Growth and Tax Revenue (2019 Edition), projections were based on the current economic impacts shaping the federal tax revenues and jobs associated with the legal cannabis market as it currently exists. A model was also devised to examine the scenario in which a fully deployed federally legal program were already in place across all 50 states.

In the current legal structure, there are approximately 340,000 jobs (direct and indirect, but not …

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