Legalize Marijuana + $7 Tax = $218.8 Billion in Taxes & Fixes the Economy

[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.


Found this Post interesting? Receive new posts via RSS (What is RSS?) or subscribe via email at the top of this page...

More Post From The Web