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Message
report: the illicit US cannabis market is 3x the legal market
Posted on 9/17/20 at 2:43 pm
Posted on 9/17/20 at 2:43 pm
LINK
i would love to have an adult conversation on this topic, especially with those who are opposed to nationwide legalization
lets recall that canada has already legalized, mexico is about to, and 12 US states have already legalized with more coming
what are we doing here?
i would love to have an adult conversation on this topic, especially with those who are opposed to nationwide legalization
quote:
A new report by the website GrowCola, using data from New Frontier Data’s U.S. Cannabis Report, notes that the American illicit market encompasses roughly $60 billion in annual sales. That compares to around $23 billion in legal medical and adult-use cannabis sales. (State-legal cannabis sales figures are often disputed, as there is no government tally of the federally-prohibited products. Leafly’s 2020 jobs report estimated the size of the legal American cannabis market at around $14 billion.)
quote:
Today’s $14 to $23 billion legal cannabis market supports 243,700 full-time American jobs. Doing the math, a fully captured illicit market would add more than 600,000 full-time jobs to the national economy. At a relatively conservative 10% tax rate, capturing $60 billion in sales would yield $6 billion in cannabis tax revenue every single year. That’s as much as New Hampshire’s entire annual state budget.
lets recall that canada has already legalized, mexico is about to, and 12 US states have already legalized with more coming
what are we doing here?
8
Posted on 9/17/20 at 3:06 pm to cgrand
another state doing the right thing
quote:
JUST NOW: The Vermont House of Representatives voted to approve a bill to legalize marijuana sales. After an expected Senate vote on the bicameral compromise next week, the legislation heads to the governor’s desk.
Posted on 9/17/20 at 3:30 pm to cgrand
It’s the old folks man. Literally no one my age gives two shits about MJ. No different than alcohol to me. Legalize and tax it. Shouldn’t be a given a second thought.
Posted on 9/17/20 at 4:12 pm to cgrand
"Fully capturing" the illicit market is a pipe dream.
Posted on 9/17/20 at 4:13 pm to cgrand
The competing industries lobby hard against it.
Posted on 9/17/20 at 4:28 pm to cgrand
Posted on 9/17/20 at 4:48 pm to cgrand
quote:
i would love to have an adult conversation on this topic, especially with those who are opposed to nationwide legalization
Why aren't we leaving it up to the individual states?
Posted on 9/18/20 at 8:33 am to cgrand
Been saying forever that the way you win the war on drugs is make the street pharmacists compete with Walmart and the American industrial farmer.
Posted on 9/18/20 at 4:40 pm to cgrand
Police revenues are against it.
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