texascollegestudent
Active Member
well well well what do you know... i think you underestimated your figures lol ... actually i forgot if you were estimating a tax on each joint, a tax on an ounce, or just revenue from marijuana and marijuana related stuff... depending on which it is we can get a different answer.... i read an article that said that if each 1/2 gram joint was taxed $1 then they would get $1Billion a year... I think this marijuana deal will bring it way more revenue then anybody can count... people will come from around the world over to california to tour... it will be awesome.. ill post articles and links below
[FONT=Arial, Helvetica, sans-serif][FONT=Verdana, Arial, Helvetica, sans-serif]As introduced, AB 390 would raise over $1.3 billion in annual revenue by taxing the retail production and sale of marijuana, according to financial estimates provided by the California Board of Equalization. An economic analysis by California NORML estimates that a legal, statewide retail market for cannabis could generate additional revenues totaling some $12 to $18 billion dollars per year
http://norml.org/index.cfm?Group_ID=7814
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http://www.canorml.org/background/CA_legalization.html
- An excise tax of $1 per half-gram joint of marijuana would raise about $1 billion per year, as much as the current excise tax on cigarettes.
i mean they could be correct but i doubt it. they're a biased and ridiculous organization to begin with. i already cited my source for approx 4-6 billion a year so i'm sticking to that. ive seen numerous others, but none over 8 billion a year. of course NORML would be the organization to suggest above 10B.