Pot Tax is a Goldmine

​For the fiscal year ending June 30, Colorado collected $157 million in marijuana taxes, licenses and fees, up 53 percent from a year earlier and almost four times what it has collected in alcohol excise taxes this year. Thanks to marijuana smokers, Colorado’s public schools will receive $42 million, and local governments will get $10 million of the amount collected.

There’s no denying that marijuana opens a tax spigot and also lets cities and states reduce spending on drug enforcement.
California, Arizona, Maine, Massachusetts and Nevada will decide in November if they want to legalise marijuana outright, while Arkansas, Florida, Montana and North Dakota will determine whether to allow medical use only.

NZ Herald

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