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.
