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Home 🌿 Marijuana Politics 🌿 Legalizing marijuana could raise $40 million for Arizona schools 🌿Legalizing marijuana could raise $40 million for Arizona schools
Legalizing and taxing marijuana could raise an additional $40 million a year for education, according to estimates by the campaign to legalize the drug in Arizona.
The Campaign to Regulate Marijuana Like Alcohol, which is gathering signatures to qualify for the 2016 ballot, would establish a network of licensed cannabis shops where sales of the drug would be taxed.
J.P. Holyoak, campaign chairman, said at a news conference at the state Capitol, “We have a choice: We can either tax and regulate marijuana for the benefit of education and public health care, or we can keep it illegal for the benefit of illegal drug cartels.”
He called the group’s $40 million estimate “very conservative.”
Total spending on K-12 education in Arizona totals about $10 billion, including state, federal and other sources.
Under the Regulation and Taxation of Marijuana Act, adults 21 and older could possess up to 1 ounce of...
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