Veterans Call on Trump to Reschedule Cannabis
March 5, 2017U.S. Cannabis Market to Generate $2.3 Billion in Tax Revenue by 2020
March 7, 2017
- 95% of the U.S. population lives in a state where there is some form of legal cannabis (including adult use, medical use, CBD only laws.)
- 93% of Members of Congress represent constituents in markets where some form of cannabis is legal – 412 members in the House of Representatives & 86 Senators.
- Of those, 334 (62%) represent states that have passed full medical or adult use laws. – 276 Representatives & 58 Senators.
- Adult use is legal in eight states including the District of Columbia, covering a population of 69 million people.
- Medical use is legal in 21 states including the District of Columbia, covering a population of 135 million people.
- CBD only use is legal in 15 states, covering a population of 102 million people (CBD only refers to products where THC must be at or lower than 0.3%.)
- If the federal government decided to crack down on the adult use market, this year alone, it could jeopardize $3.4 billion in projected revenue and $8.6 billion by 2020.
- In November 2016, 18 million Americans cast votes in support of either medical or adult use initiatives. These voters represent 6% of the U.S. population.
- In November 2016, voter participation in states which passed adult use initiatives was 4% higher than the national average (62.9% vs 59.3%) suggesting that adult use legalization may have been a motivating factor for voters.
