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.
Rob Meagher, CBE’s Founder, President and Editor-in-Chief is a 30 year veteran of the media world. His career has spanned from stints representing the Washington Post, USA Weekend, Reader’s Digest, Financial World & Corporate Finance to the technology world where he worked at International Data Group and Ziff Davis where he was part of the launch team for The Web Magazine, Yahoo Internet Life, Smart Business and Expedia Travels before starting his own marketing and Publisher’s Representative Firm. He also ran all print and online media sales and marketing for the Society for Human Resource Management before partnering with Forbes and then Fortune to create Special Sections covering a variety of topics. Rob, who started CBE Press in 2014, can be contacted at [email protected]
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