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. “It is time for Pennsylvania to stop imagining the benefits of marijuana and realize them,” it concludes.
Category: revenue
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.
New ITEP Report: Marijuana and Taxation in America
A new report by the Institute of Taxation and Economic Policy (ITEP) adds considerable information to the base knowledge accumulating at the state level on new changes in laws and custom regarding cannabis legalization
High Times’ Cannabis Consumer Choice Polling
Our friends at High Times (and former NORML director Dr. Jon Gettman) are running an online poll asking for consumers’ choice regarding the preferred marijuana distribution that emerges post-prohibition. Legal Marijuana: Which Market Do You Prefer? As we approach the new inevitability of legalized cannabis, three models have been proposed for a national marijuana market. By Jon Gettman In the past, the goal of marijuana legalization was simple: to bring about the end of federal prohibition and allow adults to use the plant without threat of prosecution and imprisonment. But […]
More Than 40 Maine Lawmakers Sign Memo Urging Consideration of Marijuana Legalization
On Friday, more than 40 state lawmakers in Maine co-signed a memo authored by State Representative Diane Russell that was delivered to the Appropriations & Financial Affairs Committee. The memo encouraged the committee to keep all options on the table in their upcoming financial deliberations, including potential tax revenue derived from an adult, non-medical market for marijuana. “All options should be on the table,” Rep. Russell stated in the memo, “In this spirit, we propose committee members give serious consideration to the revenue options associated with legalizing, taxing and regulating […]
Brookings: Logical Alternatives To Marijuana Prohibition?
One of the most important Washington DC think tanks, the Brookings Institute, is hosting a panel discussion on states’ efforts to legalize marijuana on April 15. Marijuana Legalization: Are There Alternatives to State-Federal Conflict? Event Details Event: Marijuana Legalization: Are There Alternatives to State-Federal Conflict? Time: 2:00 PM Date: Monday, April 15, 2013 Location: Brookings Institution, Saul/Zilkha Rooms, 1775 Massachusetts Avenue, NW, Washington, District of Columbia 20036 To register to watch this event online, go here. Panelist include Congressman Earl Blumenauer (D-OR), sponsor of legalization legislation in Congress; Washington state Attorney General Bob […]