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