A watchdog group for the state’s legislature says legalizing marijuana could generate hundreds of millions in state revenue and reduce arrests particularly in the Black community.
The Joint Legislative Audit and Review Commission (JLARC) was directed by lawmakers to look at how Virginia could legalize marijuana and regulate the growth of it. As part of the JLARC study, the group looked at the commercial market for marijuana sales in other states, conducted interviews and reviewed research.
The group found tax collection from marijuana sales could ultimately generate up to $300 million dollars in revenue annually for state and local governments. However, Mark Gribbin, the project leader said there would be costs to get started.
“To establish a commercial market could take to more than 2 years and could cost $8 to $20 million dollars up front,” Gribbin said.
The group also found decriminalizing and legalizing marijuana could reduce arrest in the Commonwealth by about 84% particularly in the Black Community.
Cocaine is Next then the rest , as Long as Govt Can TAX it Period !!!!
It’s all about the benjamins