skip to Main Content
Where Would All That Tax Revenue Go in California If Marijuana Is Legalized This Fall?

If you probe why the polls show a majority of California voters support a statewide effort to legalize recreational marijuana, increased tax revenue inevitably comes up.

UC Irvine student Giovanni Chavez, like many backers of legalized pot, says he’s primarily concerned about personal liberty and studies showing disproportionate prosecution of minorities for drug offenses.

But after watching state and local governments struggle through recurring budget crises, the aspiring political consultant said state-regulated marijuana sales would provide a new and needed stream of tax dollars.

“We could use the extra revenue,” said Chavez, 21. “And the fact that we would be able to interfere with the black market is huge.”

Supporters of legal recreational marijuana use point to Colorado, which legalized cannabis for adults in 2012. There, taxes and fees on weed are helping to build schools, repair roads and stabilize city budgets. [Read more at OC Register]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Pot Industry High on Florida’s Marijuana Legalization Referendum

Voters will now get to decide whether to legalize recreational marijuana in a state that has a well-established medical pot marketplace. When the Florida Supreme Court earlier this month approved a November referendum on…

US Marijuana Industry Hits All-Time High

The legal cannabis industry is thriving in the U.S., reaching its highest-ever number of jobs and sales, a new report shows. Vangst, a cannabis industry job platform, found that at…

Black market marijuana tied to Chinese criminal networks infiltrates Maine

Maine is the newest frontier for the illicit marijuana trade, with potentially hundreds of suspected unlicensed grow houses operating in the state, a CBS News investigation has found. It’s part…

Iowa’s medical marijuana program is 10 years old. How does it compare with other states?

Ten years ago this month, Iowa policymakers made it legal to use cannabis for certain medical treatment, marking the start of what would eventually become Iowa’s existing medical cannabidiol program.…

More Categories

Back To Top
×Close search
Search