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
Read More
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.
This report is part of the RAND Corporation External publication series. Many RAND studies are published in peer-reviewed scholarly journals, as chapters in commercial books, or as documents published by other organizations.
Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit www.rand.org/about/research-integrity.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.