So the MORE Act legalizing marijuana just passed the House. It loses revenue, by eliminating the 280E tax on advertising and marketing (which are now non-deductible, but would become deductible under the Act). It gains revenue, by imposing a 5% (rising to 8% in year 5) ad valorem grower tax (converted to THC and product weight after year 5).
But what is the net revenue effect? Is the Act a net gainer or loser? I haven’t seen.
Update: Here are the numbers, issued December 4: https://newrevenue.org/2020/12/05/official-more-act-budget-numbers/
The Center for New Revenue 