On May 8, Moody’s provided insights into the potential of the US and Canadian marijuana industries, discussing the potential impact of regulated medical and recreational marijuana on companies and governments. Here’s what Moody’s had to say. Moody’s vice president and senior analyst Grayson Nichols stated that tax revenue from the marijuana industry for state and local governments was only “marginally credit positive,” adding that for states such as Colorado and California, their share of annual fund revenue would remain small.

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Source: https://finance.yahoo.com/m/00e95115-119c-3b9b-ad2c-f1c40f8a2934/moody%E2%80%99s-expects-marijuana-to.html?.tsrc=rss

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