Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/280677 
Year of Publication: 
2023
Series/Report no.: 
AEI Economics Working Paper No. 2023-16
Publisher: 
American Enterprise Institute (AEI), Washington, DC
Abstract: 
Federal legislation to legalize, regulate, and tax cannabis could have significant impacts on the federal budget. While the specific details of any potential cannabis legalization legislation are unknown at present, such reforms are likely to affect both tax receipts and federal outlays through a wide range of mechanisms including excise tax collections, changes in the size and composition of the labor force, and the major federal health care programs. We identify the main federal budgetary implications of legalizing cannabis and estimate their likely magnitude where possible.
Document Type: 
Working Paper

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