For some, the legalization of medical marijuana simply represented an opportunity for “dope smokers ” to get their hands on a cheaper, more readily available product. It represented the deterioration of certain norms that have been propped up by years of propaganda.
On this issue, misunderstanding has led many to completely miss just how beneficial medical marijuana can be to the state of Arkansas.
For a cash-strapped state government, medical marijuana could be the source of revenue lawmakers have been looking for.
I’ve heard legislators call for a tax increase on fuel. We’ve also seen reforms to roll back Medicaid. But we’ve heard very little on the incredible possibilities that taxes on medical marijuana presents.
To get a better understanding of how much revenue the state could stand to gain from taxing medical marijuana, legislators should look to a state that has been doing it for years: Colorado.
Read more at Arkansas Money and Politics