Marijuana and Taxes

Audio, Frontier Centre, Radio, Taxation

Are you optimistic about new tax revenue from the marijuana industry? For years, marijuana advocates have been telling us that if we legalize and tax cannabis products, floods of new revenue will flow into government coffers and the budget will balance itself. Unfortunately, the experience of two American states and recent federal announcements leads to the conclusion that a fiscal boon from legal pot is only reefer madness.