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Tue09192017

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Back You are here: Home News Industry News Marijuana Business Opportunities And Taxes In 2013 Are The ‘Next Great American Industry'

Marijuana Business Opportunities And Taxes In 2013 Are The ‘Next Great American Industry'


Marijuana News

The Inquisitr

Marijuana business opportunities in 2013 are claimed by some investors to be the “next great American industry” due to the wave of marijuana legalization riding over the states. 

As previously reported by The Inquisitr, some people feel a marijuana business tax is unnecessary and there’s other legitimate reasons to make cannabis legal. Even the Federal government is easing off of marijuana prosecution. But many cash-strapped states desire a marijuana taxas the number of marijuana business opportunities are growing. A nationwide marijuana legalization that taxes marijuana like alcohol and tobacco is estimate to bring in about $6.4 billion based upon a sales tax and a $50 levy for every ounce sold. Out of the total marijuana tax, $4.3 billion would be for the government and the participating states would split the remaining $2.1 billion. There are multiple marijuana business opportunities besides growing the plants and operating marijuana dispensaries. Other marijuana-related businesses include “security firms, cultivation-equipment suppliers, and smoking-accessories manufacturers.

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