[Vision2020] Where would $1 billion in pot money go if California marijuana is legalized?

[Kenneth Marcy]

On 09/19/2016 09:44 PM, Ron Force wrote:
> Just to keep things in perspective, $1 billion is 0.6% of the 
> California state budget. "Sin" taxes and lotteries rarely amount to 
> much in the overall scheme of things.

Without wishing to be even more of a spoil-sport, I think it ought to be 
mentioned that as many more states join the ranks of those allowing 
legal sale of marijuana, and, indeed, as an interstate market for legal 
marijuana sales becomes a reality, an economic phenomenon called price 
competition is likely to rear its profit-squeezing head, with the 
results that not only will sales revenues be stabilized, and, in some 
cases, actually reduced, but also the revenues available to various 
governmental organizations will also be moderated toward more realistic, 
and less fancifully projected, numerical results.


Ken


>
> On Mon, Sep 19, 2016 at 7:11 PM, Tom Hansen <thansen at moscow.com 
> <mailto:thansen at moscow.com>> wrote:
>
>     Courtesy of the /Cannabist/ (Denver, Colorado) at:
>
>     http://www.thecannabist.co/2016/09/16/california-marijuana-tax-where-would-money-go/63307/
>     <http://www.thecannabist.co/2016/09/16/california-marijuana-tax-where-would-money-go/63307/>
>


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