Blog Posts > Could Legalizing Marijuana Help Fix Budget?
August 19, 2016

Could Legalizing Marijuana Help Fix Budget?

WDTV – A new report says says legalizing marijuana here in the Mountain State could help bring in millions to fix our state budget woes. Read/Watch

According to the West Virginia Center on Budget and Policy, legalizing marijuana and taxing it at a rate of 25 percent of its wholesale price could bring in nearly $45 million annually.

Also, the center says adding a 15 percent tax could bring in over 25 million. A recent survey from the U.S. Department of Health and Human Services, found that almost 92,000 people in West Virginia already use marijuana.

Researchers says legalizing it could reduce criminal justice costs, increase tourism, and offer a pain relief treatment that’s less addictive than opioids.

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