How much revenue could Massachusetts gain from legalizing marijuana

Yes on 4, legalize pot in MassachusettsWith the Internet droning on endlessly about the Clinton / Trump debate I thought I would focus on a ballot initiative that will be on several states this fall: the legalization of marijuana for recreational use.

Currently Alaska, Colorado, Oregon and Washington (as well as Washington, D.C.) allows the recreational use of marijuana. In November five more states will ask residents to vote on making the sale of marijuana legal to buy and sell for recreational use (including Massachusetts).

According to 24/7 Wall St., Massachusetts voters have a good chance of voting to legalize marijuana, and if legalized, Massachusetts is estimated to reap as much as $187 million in new tax revenues. Massachusetts projected tax revenues pale in comparison to the $1+ billion California could reap, but nearly $200 million ain’t exactly chump change and could go a long way to funding that pesky Green Line extension everyone says we need but cannot seem to afford to build.

Yes on 4:  Massachusetts Marijuana Legalization

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