Could legalizing weed help improve US transportation?

Free bunuss 50$ to Invest at::
Refer and earn $10 per paid signup!
1 .$10 earned for every new unique paid user you refer.
2. Referred users must be active for 30+ days and use at least $10 in payments to be counted as verified sales.
3. Payouts are finalized and issued on the business day following the 1st and 15th of each month.
4. Your referral link below uniquely identifies your account. Use this code when linking to and start earning today
Follow link:
Tell A Friend about Vultr and Earn up to $25 for referring clients!
November Special $$ Please note! This code will be available for a limited time!

🚫 If you have any problem with copyright issues, please CONTACT US DIRECTLY before doing anything, or question please write to me in email. Thank you verry much!

Ten US states, plus Washington, DC, have now legalized recreational marijuana, and initiatives are under consideration in several others. As more places move toward making cannabis a government-regulated industry, one big question has surfaced: Where will the tax revenue from legal weed go? One possible answer: toward transportation. A new report by NYU professor Mitchell L. Moss suggests that New York legalize weed for this exact reason — Moss says profits from cannabis sales could be used to fix New York City’s public transit system, something subway officials say will cost $40 billion. The report states that legal cannabis sales in North America reached $9.2 billion in 2017, and are projected to generate $47.3 billion over the next decade. Colorado, which legalized weed in 2012, has earned $862 million in total revenue since 2014, and Washington, which also legalized in 2012, has earned $686 million in excise tax revenue. According to the New York State Health Department, the illegal marijuana market in the state is valued at between $1.7 billion and $3.5 billion per year, and legalizing weed has the potential to earn the state $110.3 million to $428.1 million per year (with a tax rate between 7 and 15 percent). Per Moss’s report, New York’s subway system now services double the number of riders it did in 1975. In 2017, annual ridership reached 1.7 billion. The plan is largely theoretical, but it has garnered support from a handful of local officials including City Council speaker Corey Johnson. With marijuana becoming less taboo (according to the Pew Research Center, 62 percent of Americans support its legalization) and given the MTA’s aging trains and unreliable service, using proceeds from one to shore up the other seems like a solid policy idea. But how much the state could actually allocate toward the MTA and whether the tax revenue would make a significant dent in the $40 billion needed is unclear. Colorado illustrates some of the limits of a funding plan like this. According to the Denver Office of Marijuana Policy director of communication Eric Escudero, Denver


%d bloggers like this: