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July 13 2013

Legalizing Marijuana Would Generate Billions In Additional Tax Revenue Annually


As Washington lawmakers struggle to find ways to balance the national budget, a significant source of revenue may be burning away right before their eyes.

The federal legalization of marijuana would offer a large new revenue stream, according to research from the Cato Institute, a libertarian think tank.

According to a 2010 study from Cato, legalizing marijuana would generate $8.7 billion in federal and state tax revenue annually.

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