If California voters elect to approve the sale of marijuana this fall, the state can expect to collect $519,287,052 in sales and excise taxes over one year.
So says a report out Thursday by the financial website Nerdwallet.
Should all 50 states and the District of Columbia legalize pot, then total state and local tax revenue would reach nearly $3.1 billion.
This fall, California, Alaska, Florida and Oregon will offer voters the chance to legalize marijuana in one form or another.
California would see the greatest revenue share, followed by Florida, at $183 million; Oregon, at $54.5 million; Alaska, at $11.5 million; and the District of Columbia, at $8.7 million.
– Read the entire article at The News Tribune.