States strapped for cash consider marijuana tax - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

States strapped for cash consider marijuana tax

Posted: Updated:

With voters in Washington and Colorado legalizing recreational marijuana use, some legislators may be considering taxing marijuana according to a report on

The report says Representative Jared Polis (D-Colo.) is pushing for federal legalization in Congress. Polis says the amount taken in by a tax could pump hundreds of millions into state budgets.

Dale Gieringer, director of California National Organization for the Reform of Marijuana Laws, tells that legalizing pot could bring in at least $1.2 billion to his state alone.

However, the report says Jeffrey Miron, a pro-legalization scholar at the libertarian Cato Institute, believes that it "is not a cash cow that can solve anyone's fiscal problems."

HOT TOPIC QUESTION: Would you favor legalized marijuana in Georgia? Post your comments on our FOX 5 Atlanta Facebook page, or tweet us @GoodDayAtlanta.

Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices