Money may not grow on trees, but it apparently does grow on marijuana
plants. If all 50 states legalized cannabis today, they'd be
collectively raking in more than $3 billion a year in taxes.
That's
according to NerdWallet, a personal finance site, which forecasts a
total $3.1 billion annual windfall for state governments that legalize the popular plant.
California
would gain the most from legalization. NerdWallet projects the Golden
State would generate more than $519 million per year, which the website
points out would almost fund the entire 2013 budget for California's Department of Parks and Recreation.
New York would be second, with $248 million, NerdWallet said. Seven
additional states would bring in $100 million or more from legalization,
and 25 others would stand to make at least $20 million per year.
ADMIN: CORRECTLY IMPLEMENTED IN THE UK - THE FINANCIAL BENEFITS ARE SIGNFICANT TO THE GOVERNMENT - WHILE DESTROYING A MAJOR SOURCE OF INCOME TO CRIMINALS
http://www.huffingtonpost.com/2014/09/22/legal-marijuana-taxes_n_5863860.html
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