Arizona Republic: “Proponents arguing that Arizonans should vote for this initiative dangle before voters the prospect that marijuana, once “regulated like alcohol,” will bring in massive tax revenues: between $40 million and $113 million, as reported by The Arizona Republic, if the act goes into effect. But these estimates fail to account for the undercutting effect of Arizona’s medical-marijuana market on the sale of recreational marijuana. Unless Arizona does something to rein in medical marijuana taxation, it’ll just be chasing smoke.
Legalize Marijuana for the Taxes? It’s no Pot of Gold
By On the Net|2016-06-23T19:04:15-07:00June 21st, 2016|Stories & Articles, Tax Issues|Comments Off on Legalize Marijuana for the Taxes? It’s no Pot of Gold
About the Author: On the Net
The author of this article is
Richard Keyt, an Arizona business law attorney who is the creator of this Arizona medical marijuana law website. Connect with Richard at 480-664-7478 or on Google+