Private analysis for the Treasury concludes that legalizing cannabis could generate millions in tax revenue as well as huge savings for the justice system. This post from The Independent highlights a study, carried out by the government, that underlined the appeal of following the lead of several countries and US states in legalizing the drug. Legalising cannabis would raise ... Continue Reading
tax revenues
Legal Weed in Washington – The Year Gone by
This post from abc7chicago.com takes a look at the state of legal weed in Washington, a year after stores opened on July 8, 2014. Washington launched its second-in-the-nation legal marijuana market with just a handful of stores selling high-priced pot to long lines of customers. A year later, the state has about 160 shops open, tax revenues have soared past expectations and ... Continue Reading
The Incredible Hitch in Colorado’s Surging Marijuana Tax Revenues
This post from The New York Times reports how Colorado’s surging Marijuana Tax revenues have created an unusual fiscal straitjacket for the lawmakers. After Colorado voters legalized marijuana, they also approved heavily taxing it and using the money for school construction, law enforcement, drug education and other useful things. The arrangement made perfect sense. But now ... Continue Reading