Justin Cooper

Since the Tax Cuts and Jobs Act, the trend in total bank holdings and the makeup of the universe of bank participants is starting to evolve.

With voters from nine more states considering marijuana legalization in next month’s election, here’s a state-by-state chart of the revenue implications.

States like Colorado will continue to forego revenue, as well as the opportunity to borrow against that revenue in the bond market, until the cannabis industry gains access to the banking system.