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Monday, November 26, 2012
The economic arguments in favor of legalizing pot are no hallucination. Forecasting firm IHS Global Insight reports that Washington state could pull down nearly $2 billion in additional revenue over five years, through fees on licenses granted to pot providers. Colorado, which would manage pot sales differently, could earn about $342 million from excise taxes over five years. In a tough economy, with voters staunchly opposed to most new taxes, that’s a meaningful amount of revenue. Will Pot Be the Next Obama Stimulus Plan?

Notes

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    > The economic arguments in favor of legalizing pot are no hallucination. Forecasting firm IHS Global Insight reports...
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