How Big Is The Marijuana Market?
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Tobacco and alcohol sales generate over $17 billion in federal tax revenue. States tax tobacco and alcohol and benefit as well. Given the current economic environment and the deficits states are facing, it is understandable why legalization is a topic of discussion. Assuming comparable taxes to tobacco of 40-50% (excise and sales tax), a $40 billion marijuana market would yield $16-20 billion in taxes.
Arguments for and against legalization of marijuana aside, how much money is at stake, if you compare it to alcohol and tobacco use? The answer takes some extrapolation and estimating, but it's still probably more than you think.