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Report: RI could generate millions in tax revenue selling marijuana

April 11, 2014

Rhode Island could generate between $21.5 million and $82 million in tax revenue each year by taxing legal adult sales of marijuana, according to a report released this week.

The new report by OpenDoors, “Estimated Effects of the Tax and Regulate Legislation in Rhode Island,” focuses on the tax benefits and criminal justice efforts of replacing the state’s current prohibition model with a system in which marijuana is taxed and regulated.

For the rest of this story and more local news, pick up a copy of the Narragansett Times.

Source 
Southern Rhode Island Newspapers
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