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Marijuana Tax Under Consideration by Cash-Starved States

March 28, 2013

Talk about a potential buzzkill...

With pot now legal in Colorado and Washington, legislators in those states are considering taxing the drug in order to boost the local economy.

?I?ve seen some estimates in the high tens of millions, as much as $100 million for [Colorado],? said Rep. Jared Polis (D-Colo.), who?s pushing a federal legalization in Congress.

Such an influx could make a major difference, Polis tells Politico, including a ?substantial dent in needed school improvements, particularly in poorer districts.?

For years, those on the side of this imposition have been yearning for marijuana to be treated like cigarettes: make it legal, make it safe and get it out of the hands of dope dealers? and then tax the heck out of it.

Dale Gieringer - director of California National Organization for the Reform of Marijuana Laws - approximates that legalizing pot would bring in at least $1.2 billion to his state alone.

What do you think of government dollars for dope? Should marijuana be taxed?

 

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