The federal legalization of cannabis sales and use could help reduce America's staggering debt while also creating millions of jobs, according to a new report by cannabis data analysis firm New Frontier Data.

In their new report, Cannabis in the US Economy: Jobs, Growth and Tax Revenue, 2019 Edition, New Frontier's analysts predict that a flat 15 percent federal sales tax on all legal weed sales could bring in $73.7 billion by 2025.

This would be an entirely new source of revenue for the US Treasury, which is currently prohibited from collecting taxes on illegal drugs.

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Chris Moore ~ MerryJane.com ~