Cannabis can be Big Business for Indigenous Tribes but is it Worth it?
There are an estimated 5.6 MILLION NATIVE AMERICANS living in the United States, comprising 1.7% of the total population.
Indigenous nations are sovereign so the tax revenue they receive from cannabis-related businesses which creates a PROFIT MARGIN OF APPROXIMATELY 85%.
Many tribes profit through “LIFESTYLE ECONOMY” like tobacco shops, casinos, fireworks, cannabis and tourism.
Native Americans have an UNEMPLOYMENT RATE OF 7.8% – the highest in the country.
Because it is still federally illegal tribes that produce or sell cannabis can jeopardize their sovereign status which affects anywhere from 5% – 20% OF THE TRIBES so many opt to stay out of the business.
