Cannabis is illegal in Texas. But that doesn’t mean investors in the state aren’t taking a serious look at the financial potential of the cannabis industry.
Tag Archives: NerdWallet
The nature of marijuana is to burn, or vape, in order to consume. But what if your marijuana is damaged in a fire, lost in a robbery or otherwise destroyed? Does your insurance cover it?
$3,098,866,907 – that’s a lot of bread. In fact, that figure is more than twice as much as the entire 2013 budget for the Small Business Administration, according to NerdWallet. That $3 billion figure came from a study conducted by the aforementioned personal finance site; $3 billion represents the amount of revenue the United States would see from taxes every year if marijuana were legalized throughout the country.
Economic forecasters note that if all 50 US states legalized Marijuana this year, collectively the government/s would be taking more than $3-B a year in taxes.