During a virtual committee meeting Tuesday afternoon, lawmakers got an update on what legalizing, regulating and taxing recreational pot could do for the state’s struggling economy.
“We find out consistently it’s around $600 million in sales. OK, so what tax number? Simple math: at $600 million in sales, apply just a 15 percent you get $90 million potentially, recurring revenue that could go to the general fund,” said Duke Rodriguez, president and chief executive officer of Ultra Health.
Rodriguez told lawmakers that the longer they wait, the longer it will take to see any tax revenue if recreational marijuana is legalized. However, not all lawmakers are on board.
Legalization bills have failed time and time again at the Roundhouse, most recently during the last legislative session.
“Think about…