How would legalizing medical marijuana increase tax revenue?

Four states and the District of Columbia have legalized the sale of retail marijuana by popular vote, with an additional 25 states permitting medical ... read more

A mature marijuana industry could generate up to $28 billion in tax revenues for federal, state, and local governments, including $7 billion in federal revenue: $5.5 billion from business taxes and $1.5 billion from income and payroll taxes. read more

"But we do know that legalization would lead to a positive revenue impact on the income and sales tax side." According to a 2010 study from Cato, legalizing marijuana would generate $8.7 billion in federal and state tax revenue annually. read more

One country that is very close to legalizing marijuana is Uruguay. Political leaders in Uruguay believe the legalization of marijuana will result in less violence, tax savings, and new revenue. The idea of legalizing marijuana though in the United States, has been growing in support since the 1970s. read more