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Old 08-15-2012, 12:28 PM   #1
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Default Legalizing Pot in Washington State Could Add $1.9b in revenue

Quote:
"Assuming a fully functioning marijuana market and the assumptions following in this summary, estimated total revenue generated to the state could be as high as $1,943,936,000 over five fiscal years," the statement says. That sort of money would help shore up a state budget plagued for years with shortfalls, resulting in cuts to health care and education. There are other costs and revenues, including those from enforcing rules for driving under the influence of pot, expanding the liquor board's scope, and administering the revenues into the correct departments. The statement doesn't account for savings to law enforcement from stopping approximately 10,000 pot arrests annually.
http://slog.thestranger.com/slog/arc...ver-five-years

I would imagine not arresting 10,000 people annually would save a lot of money and resources. Not sure how this will turn out, but adding $1.9b in revenue over 5 years is pretty good. Alberta could probably fix any spending problem they COULD have in the future, and Canada could probably balance the budget if they legalized it.
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