Based on a September report done by the Arizona Joint Legislative Budget Committee, legalizing and taxing marijuana could create an additional $48 million in revenue.

Though the Democrats had their legalization bill die earlier this year, the Marijuana Policy Project of Arizona for a 2016 initiative filed paperwork in September. The Democrats may also bring back their bill when the legislature rejoins in January.

Similarly to other legalization states, the bill would legalize the use of marijuana for those 21 and older and retail stores selling the plant.

Looking at the numbers, it appears clear that Arizona stands to make a great deal if the state does in fact legalize.

Based off his 2011 survey, JLBC fiscal analyst Jeremy Gunderson estimates 543,400 Arizonans use marijuana.

After comparing that number to the Washington State Liquor Control Board’s findings that high usage consumers use about 1.6 grams per day and medium and low usage consumers use .67 and .3 grams per day, it is estimated that Arizona users consume around 2.6 million recreational ounces of marijuana.