Democratic Primaries
In reply to the discussion: Biden out against legalization of Marijuana [View all]CentralMass
(16,985 posts)Colorado and Washington leaglized in 2012. Oregon and DC in 2014. Oregon had medical marijuana for at least a decade before that. states California, Maine, Massachusetts and Nevada legalized in 2016. Maine and Massachusetts last year.
https://www.washingtonpost.com/national/2018/01/10/study-legal-marijuana-could-generate-more-than-132-billion-in-federal-tax-revenue-and-1-million-jobs/
"Legalizing marijuana nationwide would create at least $132 billion in tax revenue and more than a million new jobs across the United States in the next decade, according to a new study.
The analysis shows that if marijuana were fully legal in all 50 states, it would create at least a combined $131.8 billion in in federal tax revenue between 2017 and 2025. That is based on an estimated 15 percent retail sales tax, payroll tax deductions and business tax revenue.
The federal government would reap $51.7 billion in sales tax from a legal marijuana market between 2017 and 2025, entirely new revenue for a business that remains illegal -- and unable to be taxed -- federally.
primary today, I would vote for: Undecided