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Taxing cannabis

1/23/19--For decades, analysts interested in the tax revenue potential of legalizing marijuana had to use unreliable survey data and speculation regarding how a legal market might operate. But this is changing, and various options exist for structuring state and local taxes on marijuana. A report presented by the Institute on Taxation and Economic Policy (ITEP) undertakes an in-depth exploration of state marijuana tax revenue performance and offers a glimpse into what may lie ahead for these taxes. Read