A joint memorial resolution
introduced in the state Senate on Thursday calls for a study that would look
into the financial implications that would occur if the state started taxing
and regulating marijuana like it does tobacco and alcohol.
And at least one
study by a Harvard professor estimates that the state could make up to $21
million a year in new revenue, while saving another $33 million on the
enforcement side.
Senate Joint Memorial 31, introduced by Senator Jerry Ortiz y
Pino would call for the state Economic and Development to form a workgroup to
study how much revenue that taxing marijuana would generate as well as save.
The study’s results would then be presented to the Legislature in 2014.
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