You are here
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 ...
Warning message
The subscription service is currently unavailable. Please try again later.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...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin