In response to WASCOP’s claim to Legislators that Cannabis revenues come up short. Claim: Marijuana tax revenues come up short? Claim: Marijuana tax revenue is minimal to state educations funds? The Facts are here. Check: This study was done with a microfocus, at specific real, but most strongly extrapolated data, it’s simply incorrect. Check it Here: https://www.mpp.org/issues/legalization/financial-information-on-states-with-adult-use-legalization/
Claim: Marijuana tax revenues come up short: Check: https://www.mpp.org/issues/legalization/financial-information-on-states-with-adult-use-legalization/ :: Tax revenues and surpluses have increased substantially since then. In the calendar year 2020, Colorado brought in $363 million in adult-use taxes, along with $11.6 million in adult-use and medical licensing fees.
The study uses Colorado, one of the first legal weed states, as its lone test case. The state netted $247,368,473 in cannabis sales-tax revenue in 2017, according to official figures, part of a revenue stream that’s gone to pave streets, fund education, and—in at least one instance—build a new police station. But according to the Centennial Institute report, legalization actually […]
https://www.vice.com/en/article/evy957/how-a-bogus-anti-weed-stat-seeped-into-the-mainstream This “Study” done in 2018 By Centennial Institute, has been more than discredited, it has been called out by many professionals for the low quality of the data it produced. The data from this study has no actual application, as the study accounts for things as ridiculous as estimating an increased dropout rate from legalization with a cost of […]