Connect with us


Pew Charitable Trusts Report: Tax Revenue from Recreational Cannabis is Hazy



Pew Charitable Trusts Report: Tax Revenue from Recreational Cannabis is Hazy

According to a report by the Pew Charitable Trust, tax revenue from recreational marijuana is unpredictable, perhaps in part due to the lack of historical data.

The report explains that there are challenges of forecasting marijuana revenue. Josh Lehner, a senior economist with Oregon’s Office of Economic Analysis stated in the report, “the biggest issue is lack of data, lack of history.” He added, “For standard forecasting models, it’s helpful to have more detail about demographics, consumption, and product types. We’re not there, and other states I’ve talked to aren’t there yet either.”

The absence of reliable information makes it difficult to determine how much tax revenue has been collected. Further, there is on indication that whatever tax reports are generated predict future revenue because of changes in demand, consumption, and the like.

Continue Reading

Ultimate CBD Guide


ultimate-cbd-products-company-guidepopular-cbd-health-benefits best-cannabidiol-guide-resources hemp guide

TimesofCBD is the most active daily CBD news publication featuring the latest cannabis industry stories and marijuana market trends. As the leader in CBD-centric content curation, we invite all readers to come for the headlines and stay for the insights. Quality is the top priority when presenting user guides, analyzing product reviews and reporting fact-checked news announcements. All information is for educational and informational purposes only. Disclaimer.

Got news? Email

Copyright © 2020 | Latest CBD News, Cannabis Guides and Marijuana Trends
Note: Always seek real additional medical advice and consultation with a professional healthcare practitioner before considering any CBD. No statements found on this website have underwent Food and Drug Administration evaluation. The efficacy of any products or claims made have never been approved by the FDA either. No products shall ever be intended to diagnose, treat or cure any disease or prevent any ailment.