Nationwide marijuana legalization could produce up to $28 billion in yearly tax revenue

The government could make a lot of money by legalizing marijuana. But it's probably not as much money as you think.

That conclusion is based on a new report by the Tax Foundation. The analysis found that each year a "mature marijuana industry could generate up to $28 billion in tax revenues for federal, state, and local governments, including $7 billion in federal revenue: $5.5 billion from business taxes and $1.5 billion from income and payroll taxes."