Under full federal legalization, cannabis could potentially create $105.6 billion in federal tax revenue and 1 million new jobs by 2025, according to a report from cannabis industry data and analytics expert New Frontier Data on Tuesday, March 13.
"Under the new business tax rate of 21%, the Trump tax cuts will come as welcome relief to cannabis business owners who already face tax hurdles because of 280E," New Frontier wrote.
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Kinsey Grant ~ TheStreet.com ~