The most widely discussed benefit of legalizing cannabis is the tax revenue that can be gained on the state and federal level. With the legalization and sale of cannabis in all of the United States, the local, state, and federal governments will be able to gross millions and potentially billions of dollars each year that can be used to fund schools, support communities, and provide a variety of help in multiple other areas. The medicinal marijuana sales alone in only the state of Colorado from 2011-2012 reached over $219 million dollars and earned just under $6 million dollars in state sales tax (colorado.gov). Medicinal marijuana in Colorado was without an excise tax, but was still able to reel in approximately $6 million in taxes. The medicinal marijuana laws are still in effect in Colorado, but with the addition to recreational marijuana sales, the state, local, and federal governments should be able to bring in even more tax revenue (sos.state.co.us). The curren...
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