According to a New Frontier Data report, if the U.S. government were to legalize recreational cannabis, the industry could infuse the national economy to a tune of $18.9 billion by 2025, based on a 15 percent tax rate. The report estimates that sales taxes, if implemented federally at 15 percent, could reach $51.7 billion. The revenues would be entirely new revenue for the U.S. Treasury as there are currently no federal sales or excise taxes.

The analysts estimate that federal legalization could create 782,000 jobs almost immediately and 1.1 million by 2025, which would represent $4 billion in payroll taxes in the early days of the industry, and as much as $5.9 billion by 2025.

“By combining the business tax revenues, the payroll withholdings based on the theoretical employment required to support the industry, and the 15 (percent) retail sales tax, one can calculate the total federal tax revenue potential of legalization: The combined total is estimated to be $131.8 billion. The difference between the current structure and the theoretical model is a $76.8 billion increase in federal tax revenues.” – New Frontier Data report, “Cannabis in the U.S. Economy: Jobs, Growth & Tax Revenue, 2017 Edition.”

The report notes that the report was prepared prior to the Tax Cuts and Jobs Act signed into law by President Donald Trump in December.

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  • Releaf App

    Releaf App is a patent pending mobile app that enables patients to track their live sessions with cannabis and record exactly how it’s helping them. It then provides intelligent reporting to help patients learn what types of cannabis and intake methods are working best in treating their symptoms. Patients can share these reports with doctors and/or budtenders to discuss their treatment and identify their best options.

  • was founded as the trusted gateway for patients searching for medical marijuana treatment in legal medical marijuana states. We provide patients visibility and transparency in selecting a doctor and setting an appointment for a medical marijuana evaluation including detailed profile information, scheduling information, and ratings and reviews.

  • The Hybrid Creative

    We are an award-winning, full spectrum creative agency with expertise in cannabis and eCommerce. We have supported the creative strategy and successful growth of cannabis brands such as Care by Design, Korova, Bhang, AbsoluteXtracts, Wildflower, and BDS Analytics. Website design and development, company and product naming, logo design, brand development, brand strategy, packaging, labeling, marketing collateral, sales tool kit collateral, digital marketing strategy, and social media support are a few of the many services we offer. If you’re looking for an experienced, forward-thinking, creative agency with a proven track record of success to elevate your brand and empower your success, welcome to The Hybrid Creative!

  • TRIM Media House

    TRIM Media House is a full-service digital marketing agency with a heavy focus in visual content creation, website design, photography, and videography. If you are trying to navigate the digital arena when it comes to your brand, we would love to talk to you!

  • Headset

    Headset is the first real-time business intelligence and analytics service for the cannabis industry. We are a data-driven cannabis tech company and we’re passionate about helping the industry succeed. Our services cover an array of specialized needs that businesses in the industry have, be they growers, extractors, processors, or retailers.

  • Mac & Fulton Talent Partners

    Mac & Fulton Talent Partners is the premier recruiting agency for the indoor gardening and cannabis industries. For our client companies and candidates, M&F takes on the role of trusted partner and advisor in the development of long-term relationships. To this end, M&F's approach to recruiting and staffing in the cannabis space is founded on the understanding that our success is always determined by yours.

  • Precision Extraction Solutions

    Precision® Extraction Solutions is the industry leader in cannabis extraction equipment, training and consulting. Precision® extraction systems are world renowned for quality, safety and precise operation. Costing half of comparable CO2 systems, with nine times more efficient processing, more award winning concentrates are made with Precision® than any other brand.

  • eBottles 420

    The ultimate online resource for packaging supplies: we offer multiple options for every item you would possibly need, from vape cartridges to concentrate jars to child-resistant bottles.

  • California Cannabis CPA

    California Cannabis CPA is the premiere CPA firm that helps individuals and companies working in the Cannabis Industry with all tax planning, compliance, preparation, savings, and peace of mind.

  • 4blooms

    4blooms is San Diego’s first marijuana-specific marketing agency. The agency works with businesses involved in all aspects of the cannabis industry across the U.S., from growers to dispensaries to smoke shops. The team’s deep experience in web development, design and marketing makes 4blooms able to handle all aspects of business operations.

  • Steep Hill

    Steep Hill is the world's leading cannabis science and technology company with significant footprints in lab testing, research and development, licensing, genetics, and remote testing. No other company brings these sectors into one synergistic whole. With the goal to provide "best practices" in cannabis testing, we provide expert consulting services to legislators and regulators in many countries around the world. Steep Hill: Leading the Science of Cannabis. Globally.

  • Green Fields Accounting

    We have a full bookkeeping service to help you keep your financial statements compliant. We are also experts in taxation. We keep informed of all the latest industry tax changes. We are also Enrolled Agents who are experts in defending our clients in audits with the IRS. We can also help with sales and excise taxes applicable to your business. We will make sure you understand Form 8300 and take care of the e-filing of this form.

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