MORE Act revenue effect — superseded

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:


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