A new study calculates British Columbians' pot purchases total about half a billion dollars each year, and the pro-legalization researchers conducting the study say that means the province could be bringing in massive tax revenues.
B.C. marijuana tax could net billions if pot legalized - British Columbia - CBC News
From the LINK in the O.P.:
They looked at the price of marijuana and research that suggests more than 366,000 people in B.C. use pot to estimate the pot industry is worth between $443 million and $564 million a year.
The researchers also point to data from Washington, which recently held a successful referendum to legalize pot, that suggests the same number of pot smokers in that state could bring in $2.5 billion in taxes over five years in a regulated system.
Anyone else see an issue with the math above? If the pot industry is worth 1/2 a billion
dollars a year...then in five years (just multiple by five) it's worth $2.5 billion.
How do you get $2.5 billion in taxes in five years out'a an industry that's only worth $2.5
billion in five years?
Am I reading this wrong or something? The projected tax revenue
would have to assume that there are zero costs, and those involved would expect zero
profit, and would continue to do so year after year solely for the sake of paying everything
into the tax money hole. That's one Hell of a regulated system. Where do I sign up(?).....not.
