Posts Tagged estimates
What is True Cost of Marijuana Legalization?
Posted by admin in Business & Finance on March 29, 2010
Marijuana is by some estimates California’s largest cash crop, bringing in more than twice the revenue of vegetables, yet we don’t tax this green. Legalizing and taxing pot could provide $1.3 billion to help our hemorrhaging economy, but it might also lead to additional problems and undermine anti-drug efforts.
Pot Wars: Battlefield California
Posted by admin in Political News on February 23, 2010
Over the past couple of years, the medical marijuana industry in Los Angeles has exploded. Estimates vary, but there may be as many as 800 dispensaries curr…
Marijuana Economics: California’s Largest Cash Crop
Posted by admin in Educational on October 24, 2009
Marijuana is by some estimates California’s largest cash crop, bringing in more than twice the revenue of vegetables, yet we don’t tax this green. Legalizing and taxing pot could provide $1.3 billion to help our hemorrhaging economy.
Marijuana Legalization – a Growing Debate
Posted by admin in Political Opinion on July 21, 2009
Another major issue has been introduced with the legalization of pot in CAand other states. CA’s top tax collector estimates that taxing pot like liquor could bring in more than $1.3 billion annually.
Legal Pot Would Bring in $1.4B for California
Posted by admin in Political News on July 16, 2009
A California bill to legalize marijuana like alcohol would generate $1.4 billion in revenue alone for the cash-strapped state, according to an official analysis released Wednesday. The State Board of Equalization estimates retail sales would bring $990 million from a $50-per-ounce fee and $392 million in sales taxes, plus add’l enforcement savings.
Calif tax officials: Legal pot would rake in $1.4B
Posted by admin in Political Opinion on July 15, 2009
SAN FRANCISCO (AP) – California tax officials say a state proposal to tax and regulate marijuana like alcohol would generate nearly $1.4 billion in revenue.
A State Board of Equalization report released Wednesday estimates marijuana retail sales would bring $990 million from a $50-per-ounce fee and $392 million in sales taxes.
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