New report highlights tax revenue if Montana approves recreational marijuana
If Montana voters approve recreational marijuana use it could bring a whole new version of “Rocky Mountain High” – not just for the experience, but for the tax revenues generated by residents and tourists alike.
The Bureau of Business & Economic Research at the University of Montana was asked to look into the potential tax income from legal recreational cannabis by New Approach Montana, which is sponsoring the two initiatives in November. And the report shows a “significant boost in revenue,” generating $43 to $52 million per year at a 20 percent tax rate.
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