Revenue, cost estimates hazy on marijuana implementation

10/13/17–As lawmakers prepare to vote on adult-use pot rules, a fiscal assessment has ‘more cautionary notes than real projections,’ according to an article published in the Press Herald. State analysts have yet to calculate the fiscal impact of Maine’s adult-use cannabis bill. Lawmakers tasked with setting up the new recreational market had projected Maine would collect about $21.4 million a year in taxes once the market matured. However, the Legislature’s nonpartisan Office of Fiscal and Program Review’s proposed rewrite of a voter-approved cannabis law would have netted even more, about $27.7 million a year. Read