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US: Study: Legal marijuana could generate more than $132 billion in federal tax revenue and 1 million jobs - The Morning Call

Found: Fri Jan 12 14:21:16 2018 PST
Source: Morning Call (Allentown, PA)
Copyright: 2018 The Morning Call Inc.
Contact: http://drugsense.org/url/DReo9M8z
Website: http://www.mcall.com/
Details: http://www.mapinc.org/media/275
Webpage: http://www.mcall.com/news/nationworld/ct-l... [translate]
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topical analysis
prison was NOT mentioned
propaganda analysis

Study: Legal marijuana could generate more than $132 billion in federal tax revenue and 1 million jobs - The Morning Call Study: Legal marijuana could generate more than $132 billion in federal tax revenue and 1 million jobs - The Morning Call

Enter the Groller-Michael high school hoops challenge

Severe weather alert in Northampton, Lehigh, Berks, Monroe and Carbon counties.

January 12

News Nation/World

Study: Legal marijuana could generate more than $132 billion in federal tax revenue and 1 million jobs

Robyn Beck / AFP/Getty Images

Marijuana for a calming effect is for sale at the Higher Path medical marijuana dispensary in the Sherman Oaks area of Los Angeles, California, December 27, 2017.

Marijuana for a calming effect is for sale at the Higher Path medical marijuana dispensary in the Sherman Oaks area of Los Angeles, California, December 27, 2017. (Robyn Beck / AFP/Getty Images)

Katie ZezimaWashington Post

Legalizing marijuana nationwide would create at least $132 billion in tax revenue and more than a million new jobs across the United States in the next decade, according to a new study.

New Frontier Data, a data analytics firm focused on the cannabis industry, forecasts that if legalized on the federal level, the marijuana industry could create an entirely new tax revenue stream for the government, generating millions of dollars in sales tax and payroll deductions.

"When there are budget deficits and the like, everybody wants to know where is there an additional revenue stream, and one of the most logical places is to go after cannabis and cannabis taxes," said Beau Whitney, a senior economist at New Frontier Data.

The analysis shows that if marijuana were fully legal in all 50 states, it would create at least a combined $131.8 billion in in federal tax revenue between 2017 and 2025. That is based on an estimated 15 percent retail sales tax, payroll tax deductions and business tax revenue.

The federal government would reap $51.7 billion in sales tax from a legal marijuana market between 2017 and 2025, entirely new revenue for a business that remains illegal -- and unable to be taxed -- federally.

The business tax rate for the study was calculated at 35 percent. The corporate tax rate was lowered to 21 percent in a sweeping tax bill President Donald Trump signed last month.

"If cannabis businesses were legalized tomorrow and taxed as normal businesses with a standard 35 percent tax rate, cannabis businesses would infuse the U.S. economy with an additional $12.6 billion this year," said Giadha Aguirre De Carcer, the CEO of New Frontier.

Kurtis Lee

The marijuana movement is charging ahead.

To date eight states -- California, Colorado, Nevada to name a few -- have legalized weed for recreational use since 2012. And the trend continues.

This year, several states all across the country are looking to legalize and, in turn, rake in millions of...

The marijuana movement is charging ahead.

To date eight states -- California, Colorado, Nevada to name a few -- have legalized weed for recreational use since 2012. And the trend continues.

This year, several states all across the country are looking to legalize and, in turn, rake in millions of... (Kurtis Lee)

The study also calculates that there would be 782,000 additional jobs nationwide if cannabis were legalized today, a number that would increase to 1.1 million by 2025. That includes workers at all ends of the marijuana supply chain, from farmers to transporters to sellers.

The study estimates that about 25 percent of the marijuana market will continue to be illicit, and will shrink if the legal marketplace is not overly taxed or expensive.

"Consumers want to do things legally in general, but they don't want to do it at too much of a price," Whitney said. "If they go to 7-11 to pick up cannabis, they're willing to pay 10 to 15 percent on top of what they get on the street. Once they get above that, it slows the transition and makes the consumer think twice about making that legal purchase."

Marijuana is legal for adult recreational use in eight states. California, the world's largest market, started its recreational sales on Jan. 1. Twenty-nine states allow the use of medical marijuana. In the three states where adult use has been legal for the longest period of time - Colorado, Washington and Oregon - there had been a combined total of $1.3 billion in tax receipts, according to the study.

The nationwide legalization of marijuana, however, is looking unlikely under the Trump administration.

Brian Melley and Kathleen Ronayne

From a pot shop in Santa Cruz that hung a banner proclaiming "Prohibition is Over!" to one in San Diego handing out T-shirts showing the first moon landing and declaring a "giant leap for mankind," the Golden State turned a shade greener with its first sales of recreational marijuana.

Ceremonial...

From a pot shop in Santa Cruz that hung a banner proclaiming "Prohibition is Over!" to one in San Diego handing out T-shirts showing the first moon landing and declaring a "giant leap for mankind," the Golden State turned a shade greener with its first sales of recreational marijuana.

Ceremonial... (Brian Melley and Kathleen Ronayne)

While there has been a bipartisan push in Congress to both legalize marijuana nationally and protect the individual states where it is legal, Attorney General Jeff Sessions has gone after the industry.

Last week Sessions made it easier for U.S. Attorneys in places where marijuana is legal to enforce federal law, rescinding Obama-era guidance that discouraged enforcement of federal marijuana law in states that legalized the drug.

The decision has been pilloried by the cannabis industry, which argued that Sessions is trying to stop the momentum of a growing business and restart the war on drugs. The decision has been harshly criticized even by some Republicans. Sen. Cory Gardner, R-Colo., threatened to hold up the confirmation of Justice Department posts in response to the announcement.

Sessions said he's enforcing federal law, simply directing all U.S. Attorneys to use previously established prosecutorial principles that provide them all the necessary tools to disrupt criminal organizations, tackle the growing drug crisis, and thwart violent crime across our country," Sessions said in a statement.

Some in the industry believe Sessions' actions could force Congress to step in and regulate the market, or move to legalize marijuana altogether.

"OK, now Congress, do something," said Morgan Paxhia, managing director at Poseidon Asset Management, which invests in marijuana businesses. "Here's a chance to do something meaningful that could move the industry in a much safer direction."

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Copyright (c) 2018, The Morning Call * Jeff Sessions

* Medical Marijuana

analysis of article text


prohibitionist hits:0 government drug warrior (prohibition_agency) hits:0 propaganda (drugwar_propaganda) hits:44 legalization hits:16 drug_reformer hits:0 reform_referenda hits:0 cannabis hits:61 stimulant hits:0 narcotic hits:0 hallucinogen hits:0
    prohibitionist     prohibition_agency     drugwar_propaganda     legalization     drug_reformer
    reform_referenda     cannabis     stimulant     narcotic     hallucinogen
                        
                        


incarceration/prison mentioned? NO - the issue of prison or incarceration was NOT mentioned in this article .

propaganda analysis


explicit prohibition propaganda (explicit_propaganda) hits:0 hated group (propaganda_theme1) hits:0 madness, violence, illness (propaganda_theme2) hits:4 survival of society (propaganda_theme3) hits:3 gateway, use is abuse (propaganda_theme4) hits:0 children (propaganda_theme5) hits:0 demonize, war, epidemic (propaganda_theme6) hits:1 total prohibition (propaganda_theme7) hits:35 dissent opposed (propaganda_theme8) hits:1
EXP - explicit prohibition propaganda (explicit_propaganda) GRP - hated group (propaganda_theme1) MAD - madness, violence, illness (propaganda_theme2)
SOC - survival of society (propaganda_theme3) USE - gateway, use is abuse (propaganda_theme4) KID - children (propaganda_theme5)
WAR - demonize, war, epidemic (propaganda_theme6) TOT - total prohibition (propaganda_theme7) DIS - dissent opposed (propaganda_theme8)



conceptevidencehitslinks
 drug of abuse implied / mentioned

drug related
[news] [concept]

legalization illegal drugs  
drugwar_propaganda : a drug war propaganda event, campaign release, slogan, or themepropaganda

drugwar propaganda
[news] [concept]

propaganda theme2 propaganda theme3 propaganda theme6 propaganda theme7 propaganda theme8 Why Are Americans So Easy to Manipulate? (Bruce E Levine, 2012)
Classic Modern Drug Propaganda
Themes in Chemical Prohibition
Drug War Propaganda (kindle edition)
propaganda_theme2 : drug war propaganda theme: madness, violence, illness caused by drugsmadness, violence, illness

propaganda theme2 70%
[news] [concept]

"violent" "crime" "criminal" "threatened"4Madness Crime Violence Illness (propaganda theme 2)
drugwarfacts.org/crime.htm
drugwarfacts.org/causes.htm
Distortion 18: Cannabis and Mental Illness
No, marijuana use doesn't lower your IQ (10/2014)
propaganda_theme3 : drug war propaganda theme: survival of societysurvival of society

propaganda theme3 75%
[news] [concept]

"our country" "the country"3Survival of Society (propaganda theme 3)
The "Nation" as a Device To Create a Psychological Crowd
propaganda_theme6 : drug war propaganda theme: demonize; use of drugs is epidemic; wardemonize, war, epidemic

propaganda theme6 90%
[news] [concept]

"war on drugs"1Demonize, War (propaganda theme 6)
List of Wars on Concepts
Perpetual war
The Failed War on Drugs (2012)
propaganda_theme7 : drug war propaganda theme: total prohibiton or accesstotal prohibition

propaganda theme7
[news] [concept]

"Legalizing" "legalized" "legalize" "legalization" "legalization of marijuana" "Legalizing marijuana" "legalized on the federal level, the marijuana" "legalize marijuana" "marijuana law in states that legalized" legalization19Total Prohibition or Access (propaganda theme 7)
 dissent silenced

dissent silenced 60%
[news] [concept]

"study. The nationwide legalization"1ONDCP law: studying legalization disallowed
Suppression of dissent
Right to petition
Felony disenfranchisement
Police Officers Fired for Improper Thoughts - About Legal Pot (2011)
propaganda_theme8 : dissent opposed

propaganda theme8 60%
[news] [concept]

dissent silenced Dissent Attacked (propaganda theme 8)
From Martin Luther King to Anonymous, governments target dissenters not just "bad guys" (2014)
 drug of abuse

illegal drugs
[news] [concept]

cannabis various illegal drugs  
 drugs 95%
[news] [concept]
various drugs  
 drug law
[news] [concept]
"marijuana law"1History of United States drug pr...
 compassion club

compassion club
[news] [concept]

"marijuana dispensary" "dispensary"4 
 oft-mentioned government prohibitionist

govt prohib other
[news] [concept]

"U.S. Attorneys" "Jeff Sessions"4A Drug War Carol, page 18
 legalization
[news] [concept]
"Legalizing marijuana" "legalize marijuana" "legalization of marijuana" "legalized the drug" "legalization" "legalized" "legalize"16mapinc.org/decrim.htm
 psychoactive plant

plants
[news] [concept]

cannabis erowid.org/plants/plants.shtml
 intoxicant
[news] [concept]
cannabis  
medical_cannabis : cannabis for medical usemedical cannabis
[news] [concept]
"medical marijuana" compassion club4medicalmarijuanaprocon.org/
drugwarfacts.org/medicalm.htm
mapinc.org/mmj.htm
mapinc.org/find?253
Cannabis Treats Anxiety, Depression And Activates Pathways That Regulate Emotional Behavior (2014)
The Flower (video cartoon)
cannabis : cannabis (marijuana) product or usecannabis
[news] [concept]
"marijuana" "cannabis" "pot" "weed" medical cannabis cannabis industry38Cannabis: Religious and Spiritual Uses
Cannabis-Driving Studies
MAPInc.org Cannabis Link DB
medicalmarijuanaprocon.org
cannabisculture.com
Schaffer Library: Marijuana
drugwarfacts.org/marijuan.htm
mapinc.org/pot.htm
U.S. Prisons Thriving on Jim Crow Marijuana Arrests (2013)
 cannabis industry 85%
[news] [concept]
"marijuana industry" "cannabis industry" "cannabis businesses" "marijuana businesses" "marijuana market" "market, or move to legalize marijuana" cannabis jobs9https://www.newcannabisventures....
google.com/search?q=industry+can...
 Cannabis Industry Jobs

cannabis jobs 50%
[news] [concept]

"marijuana could generate more than $132 billion in federal tax revenue and 1 million jobs" "jobs - The Morning Call Study: Legal marijuana" "jobs Robyn Beck / AFP/Getty Images Marijuana" "jobs nationwide if cannabis"6 
 various drugs 95%
[news] [concept]
"drug" "drugs"4 
 various illegal drugs
[news] [concept]
"war on drugs"1mapinc.org
drugwarfacts.org
DEA's Drugs of Abuse booklet
drugwarfacts.org/drugtest.htm
 school
[news] [concept]
"school"1ssdp.org/
 legalism 50%
[news] [concept]
"illegal -- and unable to be taxed -- federally"1biblehub.com/daniel/6-8.htm
bastiat.org/en/the law.html
The Book of Lord Shang
Legalism (Chinese philosophy)
Ham Sandwich Nation: Due Process When Everything is a Crime (2013)
Yes, YOU are a Criminal...You Just Don't Know It Yet (2013)
usatoday.com/story/opinion/2015/...
Three Felonies a Day
You're a Criminal in a Mass Surveillance World (2015)
thetruthaboutthelaw.com/there-is...

st:0 fo:0 s:0 d:0 c:0.02 db:0.132 a:0.47 m:0.63 t:1.6 (f)


text of article used for CRITICAL ANALYSIS, under FAIR USE provisions of the Copyright Act of 1976, 17 U.S.C. § 107, et al.


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Bot's analysis of: "The Dangers and Consequences of Marijuana Abuse" the U.S. Department of Justice Drug Enforcement Administration (DEA) Demand Reduction Section, May 2014
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    article tags



     

    legalism concept - unreasonable, abusive elevation of laws, government secrecy, rulers
    school concept
    various_illegal_drugs concept - general terms for illegal drugs
    various_drugs concept - general terms for drugs
    cannabis_jobs concept - employment in the medical and recreational cannabis industry
    cannabis_industry concept - cannabis industry - (emerging) marijuana, cannabis industries; marijuana businesses; stock market marijuana plays; pot venture capital
    cannabis concept - cannabis (marijuana) product or use
    cannabis
    medical_cannabis concept - cannabis for medical use
    medical_cannabis
    intoxicant concept
    plants concept - Plants listed in this section are those which have been used by humans for their mind- or emotion-altering properties.
    legalization concept - drug decrim. or legalisaton
    govt_prohib_other concept - prohibitionist who gets (or has gotten in the past) a government paycheck or money to bolster prohibition, but mentioned in many non-drug-related articles, too
    compassion_club concept - organization that legally distributes medical cannabis to doctor-approved patients
    drug_law concept
    drugs concept
    illegal_drugs concept - drugs of abuse, so-called
    propaganda_theme8 concept
    propaganda_theme8
    dissent_silenced concept - drug war propaganda theme: dissent silenced
    propaganda_theme7 concept - drug war propaganda theme: total prohibiton or access
    propaganda_theme7
    propaganda_theme6 concept - drug war propaganda theme: demonize; use of drugs is epidemic; war
    propaganda_theme6
    propaganda_theme3 concept - drug war propaganda theme: survival of society
    propaganda_theme3
    propaganda_theme2 concept - drug war propaganda theme: madness, violence, illness caused by drugs
    propaganda_theme2
    drugwar_propaganda concept - a drug war propaganda event, campaign release, slogan, or theme
    drugwar_propaganda
    drug_related concept - related to illegal drugs and prohibition