PODCAST: Legalized, Taxed Marijuana Would Generate .1% of RI Budget

GoLocalProv News Team

PODCAST: Legalized, Taxed Marijuana Would Generate .1% of RI Budget

Based on the recent revenue reports from Colorado that showed them taking $2 million in taxes from the legalized sale of marijuana in January, if Rhode Island were to legalize and tax marijuana in a similar manner, the state could generate nearly $5 million annually -- which is less than .1% of Rhode Island's FY14 $8.3 billion budget. Ron and GoLocalProv's Kate Nagle discuss.


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