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Canna Aid

Trump Tax Cuts Could Lead to 654,000 MJ Jobs

Official portrait of President Donald J. Trump, Friday, October 6, 2017. (Official White House photo by Shealah Craighead)

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.