Monthly Archive: August 2017

marijuana and the economy

Marijuana Legalization’s Impact on the Economy

Four states (California, Maine, Massachusetts, Nevada) voted to make recreational marijuana legal, putting 20% of the American population within those areas. Depending on the law, medical or recreational marijuana can be used in Alaska, Colorado, Oregon, Washington state, and Washington, D.C. What is marijuana legalization’s impact on the economy? Tax Revenue A deeply tempting bone for various states is the revenue that legal marijuana brings in. Colorado alone, in 2015, saw a lump tax increase of 135 million dollars. Sales in Colorado added up to 996 million dollars, and all of North America saw a sale growth of 30% in...