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Essay / Pros and cons of legalizing marijuana: an analysis...
I find their statement very accurate, but imposing a higher tax will not determine anything and the regulation will be as lenient as alcohol and tobacco, which are the only common point I see between the two. Despite the tax increase, marijuana sales will continue to be successful. For example, Colorado recently legalized recreational marijuana and saw great success after "reporting to the Huffington Post first-week retail sales that, when added up, were about $5 million » (Ferner 2). It only lasted a few weeks, imagine how much they would make each year? “The state, which expects to collect nearly $70 million in tax revenue from pot sales this year” (Ferner 4), is an obvious reason why tax revenues will not change. Marijuana will sell itself and bring in millions in just one year.