Tagged With: Revenue
Pennsylvania: Auditor’s Report Says Marijuana Legalization Would Yield Over $500 Million In New Annual Revenue
A fiscal report issued by the state’s Auditor General estimates that taxing Pennsylvania’s existing retail cannabis market would yield $ 581 million in new annual revenue. The report estimates that just under 800,000 Pennsylvanians are currently using cannabis. Statewide polling finds that a majority of voters endorse legalizing and regulating its use by adults. “The … Continue reading
Colorado: Tax Revenue From The Legal Cannabis Industry Surpasses Half-Billion Dollars
Revenues from Colorado’s legal cannabis industry have surpassed over a half-billion dollars since retail sales began on January 1, 2014. According to an analysis by VS Strategies, cannabis-related taxes and fees have yielded $ 506,143,635 in new state revenue over the past three and one-half years. (Local tax revenue was excluded from the analysis.) Much … Continue reading
When State Revenue and Personal Freedom Coincide
What Gambling Can Tell Us About Legalizing Marijuana I am old enough to remember when Nevada was the only state where gambling was legal. In 1931, during the Great Depression, the state legislature had legalized casino gambling as a way to stimulate their economy, create new jobs, and entice more people to the state. For … Continue reading
