Despite the questions regarding whether the tax rate is too high or too low in some states, the numbers are not divided on one front: it’s a huge money-maker for the country’s economy.
MJBizDaily has released new numbers on not just tax revenue collected, but total projected revenue from the marijuana industry this year, and their estimates reach $99 billion. That’s a 20% increase from last year.
These numbers were reached by creating an estimated summation between multiple sectors in the world of marijuana, from agricultural and retail to hospitality and manufacturing.
Beyond this extremely large number, projections for the years to come keep rising, with 2026 projected to be a year of $157 billion in revenue. It’s only a matter of time until these numbers will become too irresistible to politicians in our capital.
Read the original story at MJBizDaily.