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New Frontier Data - CannaBit Your weekly cannabis intel brief
March 4, 2018

Federal Cannabis Tax Revenue
  • As retail revenue continues to grow in legal cannabis, so will jobs, business opportunities, payroll and of course tax revenue produced for the federal government. 
  • Total federal tax revenue is estimated $2.9 billion for 2017.
  • Tax revenue is expected to grow consistently reaching $6.7 billion by 2025. 
  • Roughly 200,000 jobs exist in today’s legal cannabis market.
  • By 2025, projections anticipate 630,000 industry-specific jobs.
  • US federal government stand to make an estimated 44 billion dollars between 2017 and 2025.

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J J McCoy

 

Cannabis Jobs, Growth, and Tax Revenue After the Trump Tax Reform

By J. J. McCoy,
Senior Managing Editor, New Frontier Data
Read Here

The Silver State’s marijuana industry is still in its infancy, but the cannabis market has raked in more than $30 million in tax revenue for the state so far. Retailers in Nevada have sold more than $195 million in cannabis during the first six months of its adult-use market...


Read the full article here >

U.S. Cannabis Investor Merida Capital Launches $75 Million Fund


Read the full article here >

Inside the Weird and Wild Crusade for Clean Pot


Read the full article here >

A Legal Hemp Dinner Pops Up in Austin for SXSW


Read the full article here >

Remember When 'Cannabis' Was a No-No?


Read the full article here >
Copyright © 2018 Frontier Financial Group, Inc., dba New Frontier Data, All rights reserved.


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