GreenGro Technologies Inc (GRNH)

[Bearlove]

The marijuana industry could generate up to $28 billion in tax revenues for federal, state, and local governments if Uncle Sam legalized cannabis, according to a report from the nonprofit Tax Foundation.

The conservative-leaning organization estimates revenues would include $7 billion for federal coffers, $5.5 billion in business taxes, and $1.5 billion in income and payroll taxes.