Medicine Man
Member
"Vermont could reap hundreds of millions of dollars in tax revenue if it were to legalize marijuana, but only if other nearby states don't also jump on the bandwagon, according to a study released Friday.
The study comes as states across the country increasingly explore the potential budget boost from taxing an underground industry, even while the nascent legal pot business in Colorado and Washington experiences some growing pains.
In Vermont, the Rand Corporation found that revenues from marijuana consumers could, in theory, generate between $20 million and $75 million a year for the state.
The larger figure could be reached through what the report calls "marijuana tourism and illicit exports." It also found that nearly 40 times as many current marijuana consumers live within 200 miles of Vermont than live in the state."
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It always makes me think that the message is not only really important, but also true!