New Revenue Estimates for Cannabis in Texas
If Texas legalized/decriminalized cannabis, what would the numbers look like in Texas according to Vicente Sederberg LLP ?
- $2.7 billion in cannabis sales annually
- $1.1 billion in marijuana tax dollars over the biennium
- 20,000-40,000 jobs directly created
- $10 million annually if business licensing fees (with a $5000 licensing fee)
- $311 million in savings per year in criminal justice resources
Vicente Sederberg LLP | Legalizing Cannabis in Texas Could Generate $500+ Million in Annual Tax Revenue, Create Up to 40,000 Jobs