Auditor General DePasquale Recommends Regulating, Taxing Marijuana as Right Move to Help Deal with Critical Issues

www.paauditor.gov | 3/6/2017 | Staff
finter (Posted by) Level 4
Result would bring in revenue, create jobs, reduce corrections costs

Result would bring in revenue, create jobs, reduce corrections costs

HARRISBURG - March - Auditor - General - Eugene

HARRISBURG (March 6, 2017) – Auditor General Eugene DePasquale said today Pennsylvania should strongly consider regulating and taxing marijuana to benefit from a booming industry expected to be worth $20 billion and employ more than 280,000 in the next decade.

“The regulation and taxation of the marijuana train has rumbled out of the station, and it is time to add a stop in the Commonwealth of Pennsylvania,” DePasquale said during a news conference at the state capitol.

Recommendation - Policy - Issue - State - States

“I make this recommendation because it is a more sane policy to deal with a critical issue facing the state. Other states are already taking advantage of the opportunity for massive job creation and savings from reduced arrests and criminal prosecutions. In addition, it would generate hundreds of millions of dollars each year that could help tackle Pennsylvania’s budget problems.”

DePasquale said Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon and Washington have all regulated and taxed marijuana in recent years. Washington, DC has legalized marijuana, but does not yet have retail sales. Other states are considering regulating and taxing marijuana, including Delaware, New Jersey and Maryland.

Colorado - Voters - Marijuana - Year - Colorado

In 2012, Colorado voters approved legalizing, regulating and taxing marijuana. Last year, Colorado – which has less than half the population of Pennsylvania – brought in $129 million in tax revenue on $1 billion in marijuana sales from the new industry that had already created an estimated 18,000 jobs.

“The revenue that could be generated would help address Pennsylvania’s revenue and spending issue. But there is more to this than simply tax dollars and jobs,” DePasquale said. “There is also social impact, specifically related to arrests, and the personal, emotional, and financial devastation...
(Excerpt) Read more at: www.paauditor.gov
Wake Up To Breaking News!
I find it extremely funny when people keep voting and expecting the government to change!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!