State Officials Warn: How Psychedelics Ballot Measure Impacts Marijuana Taxes

State officials in California are warning that a proposed ballot measure that would legalize marijuana could undermine the state’s marijuana tax revenue.

If approved by voters, the measure would allow adults 21 or older to possess, use, and share marijuana without penalty.

As a result, the state’s Department of Finance estimates that the tax revenue from marijuana sales would decrease by somewhere between $190 million and $1.1 billion per year.

This video is a presentation by department officials about the potential consequences of the ballot measure.

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