When President Donald Trump implemented the sweeping 2018 Tax Cuts and Jobs Act, most of America wasn’t concerned with how the legal cannabis industry would be affected.
But a recent study from New Frontier Data, an analytics firm serving the legal cannabis industry, predicts that legal pot would generate $105.6 billion in tax revenue over the next eight years and create 654,000 jobs under Trump’s tax overhaul — if it were legalized nationwide.
New Frontier Data projects increased domestic and international expansion of new legal cannabis markets and $106 billion in tax revenue over an eight-year period in the U.S.
