9 Pot of gold?

PositionSTATELINE - Jared Polis on taxing the marijuana trade - Brief article

[ILLUSTRATION OMITTED]

Advocates of legalizing marijuana have long argued states are missing out on millions of dollars by failing to tax the weed. But not everyone agrees. Now that Colorado and Washington voters have made recreational pot legal, state and federal lawmakers are crunching the numbers. "I've seen some estimates in the high tens of millions, as much as $100 million for [Colorado]," U.S. Representative Jared Polis (D) of Colorado told Politico. In California, pro-marijuana groups have estimated legalization would bring in at least $1.2 billion annually and generate $12 billion to $18 billion in economic...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT