NEW CANNABIT OCT 6
October 6, 2019
The Business of Cannabis: U.S. Federal Legalization Could Translate to $128.8 Billion in Taxes and 1.6 Million Jobs
October 6, 2019NEW CANNABIT OCT 6
October 6, 2019The Business of Cannabis: U.S. Federal Legalization Could Translate to $128.8 Billion in Taxes and 1.6 Million Jobs
October 6, 2019
- The estimated total of legal-market jobs in 2019 is 340,000, growing to 743,000 by 2025.
- Year-over-year, total U.S. legal-cannabis jobs increased by 81,900 from 2018 to 2019.
- The total associated legal-market wages in 2019 amount to $12.4 billion.
- The estimated total addressable market (TAM) in 2019 is $77.6 billion, with an estimated
legal-market demand forecast of $13.6 billion, and an illicit-market forecast of $64.0 billion. - Assuming full federal legalization, there would be 1.46 million jobs in 2019, growing to 1.63 million jobs, garnering $52.9 billion and $59.5 billion in wages, respectively.
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