If Marijuana Production Were Legal: Projected Tax Revenues, By State

[Wild Bill]

If Marijuana Production Were Legal: Projected Tax Revenues, by State

 

Love it or hate it, people smoke marijuana - lots of it. In some states marijuana consumption and possession have been decriminalized, and even legalized for medicinal purposes. But, have you ever wondered how large the economics of Marijuana were? Us too. As a result ,have decided to put together this graphic, which illustrates the popularity of marijuana consumption, the federal tax dollars spent to keep marijuana illegal, and the possible tax revenues that could be generated if marijuana production were legalized and taxed like any other agricultural product. It is especially interesting, with regards to the Great Recession:

 

[Fat Freddy]

Now if we can just get our reps to realize that our law is meant to be a cottage industry and not a corporate cash cow. everyone would be a little more ahead of the curve.

I think the biggest problem for them is how to tax transfers.