Minnesota Could See $300 Million in Revenue Due to Cannabis Legalization

According to a recent report by MinnPost, the revenues from recreational marijuana in Minnesota could reach $300 million in taxes.

The report adds that $1.2 billion in sales within five years of legalization could occur, in addition to 20,00 direct and indirect jobs. The tax revenue from that $1.2 billion would be $300 million.

These are estimates presented by Sal Barnes, the director of the Marijuana Policy Group. The policy group consults with the government and businesses about marijuana policies and planning.

The report also indicates that 7.9 percent of Minnesotans use cannabis at least once per month. This is under the national average of 9.5 percent. It is also under the 20 percent post-legalization rate.

David Renfrew

David Renfrew is just now beginning his journey at TOC but has found himself on the forefront of the Canadian cannabis culture and marijuana movement. Among being a vocal CBD advocate, Dave is also a politically active father, author, small business owner and fierce reader of fiction and non-fiction. While early, the strong research skills and truly gifted writing talent make David one of our top editors.