[via suddenrx]It is a little difficult to estimate exactly how much money would be generated from taxes on legalized marijuana (10x higher than cigarette taxes). But based on $437.6 million in new revenue for Ohio for a $0.70 tax increase on cigarettes we can make the below estimation:
$7.00 tax on legalized Marijuana Sales creates $4.376 billion for Ohio.
Just for fun let’s multiply by 50 states and that is $218.8 Billion generated each year in legalized marijuana taxation based on $7.00 per legal unit of sale.
source: http://www.tobaccofreekids.org/research/factsheets/pdf/0098.pdf
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