"We estimate that the total US cannabis market, if legalized today, could be worth $28 billion, increasing to $41 billion by 2028 on a pre-tax basis," a Barclays team of analysts said in a note to investors.
U.S. marijuana companies are jockeying for position with the expectation that weed will be legalized across the nation.Marijuana would become a major sector overnight if legitimized across the nation, with tens of billions in revenue for governments at all levels, Barclays said in a report Wednesday.
At $41 billion, the cannabis market "could generate almost $28 billion of tax revenues across all levels of government" if taxed at the same level as tobacco, Barclays said. The analysts looked at the three states where cannabis is legal and found that marijuana "tax revenues are already ahead of alcohol tax revenues" and, in the case of Colorado, already exceeding tobacco tax revenues.
Dumb...it’s already that amount...just not legal everywhere...
Do it. It’s time!
realDonaldTrump will legalize cannabis right before the election