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Medical marijuana could bring big tax revenue

State projections of sales range from $138 million to $5.6 billion. State projections of tax revenue range from $8.3 million to $338 million.Florida could rake in big bucks in sales and tax revenue if Amendment 2 passes in November and medical marijuana becomes legal.

State projections of sales range from $138 million to $5.6 billion. State projections of tax revenue range from $8.3 million to $338 million.

The numbers are based on the number of medical marijuana patients, the amount of pot they may use and the price per ounce.

The state Department of Health estimates there will be 417,000 patients. In addition, the department estimates 250,351 personal caregivers will be needed as well as 1,789 “treatment centers,” or dispensaries.[Read More] 

Rob Meagher

Rob Meagher

Rob Meagher, CBE’s Founder, President and Editor-in-Chief is a 30 year veteran of the media world. His career has spanned from stints representing the Washington Post, USA Weekend, Reader’s Digest, Financial World & Corporate Finance to the technology world where he worked at International Data Group and Ziff Davis where he was part of the launch team for The Web Magazine, Yahoo Internet Life, Smart Business and Expedia Travels before starting his own marketing and Publisher’s Representative Firm. He also ran all print and online media sales and marketing for the Society for Human Resource Management before partnering with Forbes and then Fortune to create Special Sections covering a variety of topics. Rob, who started CBE Press in 2014, can be contacted at [email protected]

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