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Home 🌿 Marijuana Politics 🌿 Legalizing cannabis in Canada would bring billions in tax, new jobs 🌿Legalizing cannabis in Canada would bring billions in tax, new jobs
Legalized cannabis in Canada could be a bigger industry than forestry.
Legalization could usher in new tax revenue streams in the billions, unprecedented job creation for a nascent industry, and reduced judicial costs for Canada’s overburdened justice system. The economic ripple effects are estimated to be in the tens of billions per year.
There are some who dismiss legalization as a fringe issue: not a big deal. It’s only hippies and potheads who care. The truth is that legalization of cannabis can have one of the broadest economic, taxation and job creation impacts of any new industry in our nation’s history.
In Canada, today, the cultivation of black market cannabis is conservatively estimated at generating around $8 billion dollars per year in revenue. If this market was pulled out of the shadows, regulated and taxed at a 25% rate (similar to Colorado’s tax scheme), it could generate $2 billion in...
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