Missoula – The Montana economy could receive a significant boost in revenue, if it were to tax the sale of legalized recreational cannabis, according to a new study released today by researchers at the Bureau of Business and Economic Research (BBER) at the University of Montana.
“Our independent research utilized the extensive survey based data that is publicly available, detailing the frequency of cannabis use of both Montana residents and visitors to give us a good understanding of potential tax revenue on legalized retail cannabis sales,” explained Patrick Barkey, Bureau of Business and Economic Research director, who was one of the authors of the report.
The study was commissioned by New Approach Montana, to quantify the potential size of the recreational cannabis marketplace in Montana. It examined the potential revenue of a 20% tax levied on cannabis sales, as envisioned in initiatives CI-118 and I-190 on the November ballot.
BBER neither endorses or opposes any legislative…