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This report examines three aspects of what full legalization would look like in contrast to the current, state-by-state patchwork of legalized environments, and the anticipated impacts which full nationwide legalization would hold for the U.S. Treasury. These three aspects include federal business taxes on cannabis businesses, federal payroll withholdings, and revenue generated from a federal cannabis sales tax of 15%. A comparison is presented between the current state of legalization (forecast over 2017–2025) and a theoretical model over the same period, with the end result of such comparisons showing economic net benefit both to the U.S. Treasury (billions in increased revenues), and in terms of increased jobs creation.
*Published in January 2018