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Auditor: Legalizing pot could generate $43M in tax revenue

today01/26/2021 29

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DOVER, Del. (AP) — A report from Delaware’s state auditor said that legalizing and taxing marijuana could bring in $43 million a year in revenue.

The News Journal reports that the estimate was released Monday by Auditor Kathy McGuiness. The report estimates that 13% of adults in Delaware would use marijuana. That’s based on data from the Substance Abuse and Mental Health Services Administration. The report assumes that there would be a 20% tax on the plant.

A bill to legalize marijuana is sure to come up as lawmakers begin the 2021 legislative session. Efforts in Delaware to legalize marijuana have been perennially unsuccessful.

But advocates think more pressure is on Delaware to pass it.

 

 

Source: AP – All contents copyright 2021 Associated Press.  All rights reserved.

 

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