The legal cannabis boom promises to contribute billions of dollars to the US economy over the next decade - creating jobs, advancing new health science and adding momentum to criminal justice reform.
The National Cannabis Roundtable promotes common sense federal regulation, tax equality and financial services reform and supports changing federal law to acknowledge states’ rights to regulate and manage cannabis policy.
U.S. consumer spending on legal cannabis reached $10.4 billion dollars in 2018.
Even if no other states reform their laws, cannabis spending is expected to top $26 billion by 2025.
If cannabis were legal in all 50 states, it could create 1 million new jobs by 2025*.
*Source: New Frontier Data
In late 2018, a Gallup poll showed two-thirds of Americans support the legalization of cannabis in some form.
Remove federal restrictions that prohibit medical research involving cannabis. Encourage the development of solutions that will improve the lives of veterans and patients and combat the opioid epidemic in the United States.
Allow companies operating legally in the cannabis industry to utilize traditional institutions for transactions and access to financial markets.
Correct flaws in the US tax code that serve as barriers to legal commerce in the cannabis industry and prohibit the development of solutions that can improve Americans’ lives.
Build support for, and secure enactment of, federal legislation allowing states and territories to set and enforce their own laws governing cannabis.
The membership of the National Cannabis Roundtable represents every aspect of the cannabis supply chain. Our members operate in 23 states with legal cannabis programs, including the District of Columbia. We are growers, processors, retailers, wellness centers, investors, entrepreneurs, and publicly traded companies.
The National Cannabis Roundtable is Chaired by former Speaker of the U.S. House of Representatives John A. Boehner.
Special thanks to New Frontier Data for providing data for the National Cannabis Roundtable.