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Home 🌿 Recreational Marijuana News 🌿 OH: Legal marijuana could generate $293 million in tax revenue, less than marijuana supporters ... 🌿OH: Legal marijuana could generate $293 million in tax revenue, less than marijuana supporters ...
Legalizing marijuana Issue 3 would legalize recreational and medical marijuana in Ohio. Click here for more information about the proposal. And click here for an updated list of supporters and opponents.
COLUMBUS, Ohio -- If Issue 3 passes, Ohio's legal marijuana industry would generate between $133 million and $293.3 million in tax revenue for local governments, according to the Ohio Office of Budget and Management.
Both those figures are far below estimates from ResponsibleOhio, the political action committee behind Issue 3. Studies commissioned by ResponsibleOhio projected the industry would generate $554 million in annual revenue after four years, when the maximum number of 1,159 retail stores would be open.
Ohio law requires the Office of Budget and Management and Department Taxation to analyze taxpayer costs of proposed constitutional amendments.
In a report released Friday, Tax Commissioner Joe Testa estimated about 180 metric tons of marijuana would be...
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