420 with CNW — New Report Projects Annual Tax Earnings of $375M If Ohio Legalizes Marijuana

April 29, 2022 15:25:00

According to research coming out of Ohio State University, Ohio stands to earn about $375 million tax revenue each year if the state legalizes recreational marijuana. This study, whose findings were published in time for the unofficial 4/20 marijuana holiday, relied on estimates of possible taxes to be levied if the legalization proposal is adopted as-is.

The team of researchers looked at the estimated population growth rate and annual tax revenue from half a dozen states with…

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