In fact, recent studies
average Federal tax on marijuana is about $23 per pound, which is the same amount of tax that's being placed on tobacco. At current estimates, this means that the average state can experience a tax influx of about $500 million per year.
- States can also apply a ten percent sales tax on marijuana,
which would lead to an influx of about $2.3 billion per year per state.
- Of the $28 billion in tax revenue already generated by marijuana for
Federal, state and local governments, $7 billion alone is strictly Federal revenue, and $5.5 billion is from business taxes.
- Currently, only
Colorado and Washington have lenient marijuana laws — laws that are lenient enough to turn marijuana into a multi-billion dollar industry. If other states legalized marijuana in the same way that Colorado and Washington have, they could expect to see an increase in income in the billions, with a typical income increase between $5 billion and $18 billion.
The researchers concede that the
So why do states keep marijuana