Marijuana would become a major sector overnight if legitimized across the nation, Barclays said in a report Wednesday.
"We estimate that the total US cannabis market, if legalized today, could be worth $28 billion, increasing to $41 billion by 2028 on a pre-tax basis," a Barclays team of analysts said in a note to investors.
U.S. marijuana companies are jockeying for position with the expectation that weed will be legalized across the nation.Marijuana would become a major sector overnight if legitimized across the nation, with tens of billions in revenue for governments at all levels, Barclays said in a report Wednesday.
At $41 billion, the cannabis market "could generate almost $28 billion of tax revenues across all levels of government" if taxed at the same level as tobacco, Barclays said. The analysts looked at the three states where cannabis is legal and found that marijuana "tax revenues are already ahead of alcohol tax revenues" and, in the case of Colorado, already exceeding tobacco tax revenues.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Senators urge regulators to quickly approve drone identification rulesTwo U.S. senators on Monday urged U.S. Transportation Secretary Elaine Chao to f...
Weiterlesen »
South Sudan hires U.S. lobbyists to help block war crimes court: contractSouth Sudan has hired U.S. lobbyists to help it reverse U.S. sanctions and stop ...
Weiterlesen »
2017 U.S. Open winner Sloane Stephens and U.S. soccer star Jozy Altidore are engaged2017 U.S. Open tennis champion Sloane Stephens and U.S. soccer player Jozy Altidore are engaged. The couple announced the news Monday on Twitter.
Weiterlesen »
Mnuchin says had 'productive meetings' with China's vice premierU.S. Treasury Secretary Steven Mnuchin said on Wednesday that he and U.S. Trade ...
Weiterlesen »
Stock futures turn positive after upbeat U.S. GDP dataU.S. stock index futures turned positive on Friday after data showed that U.S. e...
Weiterlesen »
Trump: Japan will invest $40 billion in US car factoriesUS President Donald Trump told a campaign rally in Green Bay, Wisconsin, that Japanese PM Shinzo Abe said his country would invest $40 billion in US car factories.
Weiterlesen »
Pompeo sees 'bumpy' North Korea talks, but hopes for several more chancesU.S. Secretary of State Mike Pompeo said on Wednesday that U.S. talks with North...
Weiterlesen »
U.S. sanctions slashed more than $10 billion from Iran's oil revenue: U.S. officialU.S. sanctions against Iran have denied its government more than $10 billion in ...
Weiterlesen »
T Mobile, Sprint face new FCC questions on tie-upT-Mobile US Inc and Sprint Corp executives this week urged senior U.S. regulator...
Weiterlesen »
Tesla rival Rivian says Ford Motor invests $500 million in firmU.S. electric pickup truck startup Rivian Automotive LLC said on Wednesday that ...
Weiterlesen »