Legal Marijuana Could Bring in $46 Million Annually for Minnesota, Study Says


Marijuana sales would bring in roughly $45,950,063 in tax revenue annually for the state of Minnesota if pot were legalized, according to a study put together by NerdWallet.
NerdWallet’s methodology is rather impressive. Researcher Divya Raghavan used data from the Substance Abuse and Mental Health Services Administration to estimate how many people over the age of 25 smoke pot in each state, then used that number to divvy up the $14 billion nationwide marijuana market and determine how much stoners are likely to spend in each one. The total tax dollar figure for each state assumes a 15 percent excise tax for marijuana purchases, which is the going rate currently in Colorado. More at the Minneapolis City Pages.