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Bringing in the Green: Projected Tax Revenue if Marijuana Legislation Passes

Turbo Tax has created an interactive comparison of projected tax revenues should marijuana decriminalization laws pass, such as I-502 in Washington.

Today, the states of Washington, Colorado, and Oregon take decriminalization of non-medicinal marijuana to vote. 

The state initiatives in these four states (Initiative 502 in Washington) would allow adults over 21 to buy taxed, inspected marijuana at state-licensed shops. Turbo Tax visualizes how much state tax revenue these initiatives would generate based on usage, and show you how much already legal medical marijuana impacts the 17 states where it is allowed.

Follow this link to check out Turbo Tax's interactive feature and compare Washington's projected $22 million in revenue with other states.

Do you think the $22 million projected sales tax revenue for Washington is worth the risk of potential negative effects?

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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
Sorting through clothing at the warehouse
Imagine Housing May 20, 2013 at 08:19 am
We had a really great time and are very grateful to EBC for all they do for our residents and theRead More Eastside community. Volunteering was a great experience and we hope other groups are inspired to help out!
Jeanne Gustafson (Editor) May 17, 2013 at 01:54 pm
Thank you so much for sharing this great event on Patch! What a cool thing to do--as an IssaquahRead More resident, I really appreciate your involvement with EBC.
Photo by Jean Johnson
Susan Gerend May 18, 2013 at 07:58 am
We too, love having our Farmers' Market return! Opening day was a bit weather-challenged. ThankRead More you merchants for enduring the wet and cold for our new extended hours! What a wonderful sight will return to the plaza when the sunshine calls back all the families with happy, giggling children. Market day is a date of dinner out (side) & shopping (vegetables, fruits and now HedgeHog Toffee) with my husband. Doesn't get much better than that! SEE YOUR THERE! Susan Gerend
Margaret Santjer (Editor) May 16, 2013 at 12:17 pm
Thanks for posting that, Jean! I love this time of year when the markets open. Were there a lot ofRead More people for the opening day?
David V May 15, 2013 at 02:49 pm
Thx Kendall, bear news just isn't what it used to be. thinking it has something to do with the komoRead More anchor moving out of our trossachs neighborhood:)
Kendall Watson (Editor) May 15, 2013 at 01:19 pm
Hey, thanks for the bear photos on Friday! Sorry about the slight delay in posting!
Ben H April 14, 2013 at 03:42 am
Agreed Mark, Much as this solution seems crazy, some things are worth paying for (law and order, aRead More decent safety net, good schools and yes roads). I do blame the tax hawks though. Washington already has a relatively regressive tax structure. The "choke the government" solution seems carried way too far.
Question Mark April 12, 2013 at 02:13 pm
I thank the author for his well thought out arguments regarding these important transportationRead More issues in Washington state. While I believe some of the ideas presented are debatable, for example I believe that a vital and well used transit system ought to be part of our congestion relief plan in metropolitan areas, the lack of realistic funding options for this system cannot be ignored. However, our legislature (both parties included) seems to place a higher priority on "no new taxes" than creating a sustainable future for the state in many areas, including the transportation system. More than that, though, we live in a state whose citizens have varied interests and priorities. Most of all, we need our government to set priorities so that citizen interests and needs can be reasonably served. It seems we are pretending that we can base tax policies and tax rates exclusively on individual self-interest, as is often the consequence "no new taxes" scheme (e.g. if I don't get a direct benefit for myself, I won't support paying for it). This seems to me to be as much a part of this problem as current transportation system priorities.
Richard Bray April 9, 2013 at 07:26 pm
It gets worse folks. I was part of a selected focus group a few weeks ago of people who live alongRead More I-405 conducted by a well-known marketing research firm and paid for by WSDOT. They are considering options that would charge commuters to use a new lane on I-405 & charge for the existing carpool lane too (even if you have two people in the car!)