By New Approach Washington
The answer is: a lot.
According to the state Office of Financial Management, I-502’s new 25% marijuana excise tax, combined with retail sales and B&O tax, would generate more than a half billion dollars in new tax revenue annually.
Approximately $182 million would go to the state general fund, $34 million to local budgets, and $366 million to health care, education, and prevention.
That’s a lot of money for our communities and for our state.
It’s time for a New Approach to marijuana.
Source: New Approach Washington