Jenner & Block

Can Tax Revenue from Legalized Cannabis Stimulate the Economy? Martin Glass Weighs In

Jenner & Block Partner Martin C. Glass is quoted in an article that explores how legal cannabis is a booming revenue source that stimulates the economy in states dealing with budget problems and unemployment. In the article, Mr. Glass observes that the cannabis industry has proven to be dependable and stable and has “absorbed the COVID-19 shock very well.” He explains: “For those states that have only made incremental steps towards legalization within their jurisdiction… there’s going to be pressure to initiate, whether it’s through medical marijuana programs or the expansion into recreational.” Titled “Cannabis Is the Answer to Declining State Revenues,” the article was published by the Cannabis Industry Journal.