Legislative Analysis: Arizona could earn $48M yearly by taxing legal marijuana

By Ray Stern | Phoenix New Times

Arizona could generate an additional $48 million in revenue by legalizing and taxing marijuana, an analysis by the State Legislature shows.

The Joint Legislative Budget Committee produced a report in September on the estimated impact of legal marijuana, but didn’t release the data publicly. New Times obtained a copy of the report this morning.

Prepared in response to a legalization bill proposed earlier this year by a group of Democrats, the JLBC report shows that Arizona could enjoy a large boost in revenue for schools, health care and other services simply by taxing people who already use marijuana.

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December 2, 2014

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Legislative Analysis: Arizona could earn $48M yearly by taxing legal marijuana

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