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Recreational marijuana could bring huge revenue to Florida, economists say

Since Florida voters approved medical marijuana in 2016, the industry is projected to top $1.9 billion in five years.Florida is a top five state in registering new patients at more than 600 per day, and will reach 300,000 patients by January.Florida’s top economists are now trying to figure out the financial impact if a recreational marijuana amendment is passed next year.They believe the predicted retail and sales tax revenues from recreational use will be high. “We think the market itself could end up being a $2 billion market in sales.

Source: Recreational marijuana could bring huge revenue to Florida, economists say

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