Business analysts at DataTrek Research suggest more states could legalize adult-use cannabis in the near future to help their economies recover from the coronavirus pandemic. Traditional revenue-boosting strategies such as increasing income, sales, or real estate taxes could push taxpayers away and further weaken state economies. A brand new taxed and regulated cannabis marketplace, however, would help […]
The federal legalization of cannabis could help reduce America’s staggering debt while also creating millions of jobs, according to a new report. In their new report, Cannabis in the US Economy: Jobs, Growth and Tax Revenue, 2019 Edition, New Frontier’s analysts predict that a flat 15 percent federal sales tax on all legal weed sales could bring in $73.7 […]
Here’s a striking figure for the nascent cannabis industry that only recently began to operate legitimately: It supports 125,000-160,000 full-time jobs in the United States. To put that in perspective, the marijuana industry now supports approximately the same numbers of full-time workers as there are librarians and kindergarten teachers in the country – and roughly […]
The marijuana industry may have already added over 175,000 jobs, but that’s just the beginning. Roughly 168,000 jobs are already directly associated with the marijuana business and another 7,000 for these publicly traded companies, which brings the industry up to 175,000 jobs for a growing industry. Only twenty-one states have legalized medicinal marijuana with more coming on […]