“The status quo is not an option. The Council agrees that a well-regulated market … is a safer market.”
Tag: revenue
“The state-legal cannabis workforce is a significant economic driver. It is long past time for Congress to end prohibition and start treating this robust regulated market like any other industry.”
“Customers purchased an estimated $17.9 billion in cannabis products from legal retailers in 2020 – up from $10.7 billion in 2019.”
The annual revenues related to medical cannabis now totals more than the total revenues generated by the sales of blueberries, maple syrup, apples, herring, and oysters combined.
A fiscal report issued by the state’s Auditor General estimates that taxing Pennsylvania’s existing retail cannabis market would yield $581 million in new annual revenue. “It is time for Pennsylvania to stop imagining the benefits of marijuana and realize them,” it concludes.
Revenues from Colorado’s legal cannabis industry have surpassed over a half-billion dollars since retail sales began on January 1, 2014.
A new report by the Institute of Taxation and Economic Policy (ITEP) adds considerable information to the base knowledge accumulating at the state level on new changes in laws and custom regarding cannabis legalization
Our friends at High Times (and former NORML director Dr. Jon Gettman) are running an…