Politics

Nationwide marijuana legalization could produce up to $28 billion in yearly tax revenue

A mature marijuana industry could generate up to $28 billion in tax revenues for federal, state, and local governments, including $7 billion in federal revenue: $5.5 billion from business taxes and $1.5 billion from income and payroll taxes…estimated marijuana prohibition costs $3.6 billion.

The debate over marijuana legalization is just one of the many ways the political landscape is changing as the US comes to terms with drug and criminal justice policies that many experts and Americans consider to have failed at a great cost to the nation’s liberty and finances.

Original Article (Vox):
Nationwide marijuana legalization could produce up to 28 billion dollars a year in tax revenue
Artwork Fair Use: Hanfspitze MarkusHagenlocher

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