article thumbnail

Report: Federal Marijuana Legalization Would Create $86 Billion in New Tax Revenue by 2025

The Joint Blog

tax revenue between 2019 and 2025 and a $56 billion annual U.S. cannabis market by 2025, states the report. The New Frontier Data State of the Cannabis Union 2019 is now available for free download at the following link: [link]. billion in 2019 to $26.3 billion in 2025. and Congressman Lou Correa (D-Calif.)

Data 48
article thumbnail

Research Company Says That NY Cannabis Market To Be Worth Over $US7 Billion By 2025

Cannabis Law Report

billion by 2025, according to a new report by Grand View Research, Inc., Furthermore, anticipated legalization of recreational cannabis in 2019 may significantly decrease marijuana trade via illicit channels. Grandview research writes. The New York cannabis market size is expected to reach USD 7.07 exhibiting a CAGR of 14.7%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Global Industrial Hemp Market Size to Grow Value of USD 9.64 Billion By 2025: Zion Market Research

Cannabis Law Report

Zion Market Research has published a new report titled “Industrial Hemp Market by Product (Seeds, Fiber, and Shivs) and by Application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”.

Hemp 40
article thumbnail

$ 1.20 bn growth in Cannabis Testing Market in Life Sciences Tools & Services | Technavio Partnering with over 100 Fortune 500 Companies

Cannabis Law Report

bn during 2021-2025. Attractive Opportunities in Cannabis Testing Market by Product and Geography – Forecast and Analysis 2021-2025. Cannabis Testing Market 2021-2025: Segmentation. Cannabis Testing Market 2021-2025: Vendor Analysis and Scope. billion during 2019-2023. Market outlook: Forecast for 2020 – 2025.

article thumbnail

Sephora Paves the Way in Regulating CBD Cosmetics

Canna Law Blog

According to an August 2019 report released by Grand View Research, Inc., billion by 2025, with North America leading the way. As the first national retailer to adopt CBD guidelines, Sephora is raising the need to assist consumers in navigating this complex regulatory landscape. the global CBD skincare market is expected to reach $1.7

CBD 122
article thumbnail

Corruption in the Legal Cannabis Industry: Temptation Facilitated by Greed and Cannabis Cultivation

Veriheal

Moving forward to 2025, the economic impact is projected to achieve a value of around $160 billion. Some studies such as “ The US Cannabis Cultivation Report: 2019 Legal and Illicit Output by State “, conducted by New Frontier Data, suggest that by 2025, America could be producing an estimated 34.4

article thumbnail

Legalizing Marijuana- What Economic Benefits Does the Act Bring Along?

Cannabis Law Report

Studies show that in 2019, Colorado collected more than $302 million as fees and taxes on recreational and medical marijuana. million as aggregate federal tax revenue by 2025. A recent report shows that nationwide legalization may generate around 1 million jobs by the year 2025. It is because the sector is maturing.