Thursday, January 17, 2019

Tony's Tax-Light Tokers

Our newbie Governor thinks medical grass is great, and the new AG--a suspiciously metro-sexual sort of lawyer--really likes the idea of legalizing Mary Jane for recreation.

They'll both talk fast about "State tax revenue enhancement."

Uh-huh.

$1 billion: that’s how much California initially anticipated receiving in annual tax revenue by legalizing the sale of recreational marijuana. Here’s what actually happened:

CA will likely bring in just under $500 million in marijuana tax revenue this fiscal year. That’s lower than the $630 million forecasted in former Governor Jerry Brown’s budget. Current Governor Gavin Newsom’s new budget projects the state will generate $355 million in marijuana excise taxes by the end of June according to press accounts.
There are MANY other reasons NOT to legalize weed.

Tony's Tax-Light Tokers are just one of them.

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