States strapped for cash consider marijuana tax - KMSP-TV

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 Politco.com.

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 Politico.com 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.

  • Good Day ArchiveMore>>

  • Back to School Jamboree with Hosea Feed The Hungry

    Back to School Jamboree with Hosea Feed The Hungry

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

  • Taco Thursday with Buck

    Taqueria Tsunami in Marietta on Square- Asian Latino Fusion

    Taqueria Tsunami in Marietta on Square- Asian Latino Fusion

    Thursday, July 31 2014 9:41 AM EDT2014-07-31 13:41:09 GMT
    What do you get when you combine the flavors from the Far East with the flavors from South of the Border? You get Taqueria Tsunami, a Latin-Asian fusion restaurant on the Marietta Square which just happens to be this week's stop on 'Taco Thursday...With Buck'.
    What do you get when you combine the flavors from the Far East with the flavors from South of the Border? You get Taqueria Tsunami, a Latin-Asian fusion restaurant on the Marietta Square which just happens to be this week's stop on 'Taco Thursday...With Buck'.
  • Big E celebration comes to North Georgia

    Big E celebration comes to North Georgia

    Wednesday, July 30 2014 9:40 AM EDT2014-07-30 13:40:00 GMT
    You know what the "Big E" is, right? Elvis! And the King is being celebrated in North Georgia this weekend! The 11th Annual Big E Fest and ETA Competition happens this weekend in Cornelia, GA.
    You know what the "Big E" is, right? Elvis! And the King is being celebrated in North Georgia this weekend! The 11th Annual Big E Fest and ETA Competition happens this weekend in Cornelia, GA.
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

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