High Tax States
Options for Gleaning Revenue from Legal Cannabis
Published in: Oregon Law Review, Volume 91, Symposium Issue 4, 2012-2013, p. 1041-1068
Posted on RAND.org on January 01, 2013
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Access further information on this document at scholarsbank.uoregon.eduThis article was published outside of RAND. The full text of the article can be found at the link above.
Potential tax rates and revenues have been a prominent theme in discussions about legalizing marijuana. State agencies have produced fiscal impact analyses—some featuring fairly large projected revenue numbers—to inform voters about proposed laws and ballot initiatives to legalize marijuana. Most discussion has focused on revenue estimation, analysis of likely post-legalization prices compared to current illicit prices, and the questions of evasion through "gray" and "black" markets. This Article seeks to broaden the revenue discussion about marijuana legalization with respect to policy goals, types of taxes, and components of revenue.
This article was published outside of RAND. The full text of the article can be found at the link above.
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