Taxing And Regulating Pot Will Add $28.6 Million To State Coffers, Nevada Study Finds

Las Vegas, NV:  A Nevada proposal to regulate and tax marijuana use by adults would raise an additional $28.6 million in annual state revenue, according to a study released Wednesday by the Center for Business and Economic Research at the University of Nevada at Las Vegas (UNLV). 
   
The Center based its financial calculations by estimating that 75,000 people – five percent of the state’s population – would use an average of 12 grams of marijuana per month.  The Center imposed the same tax rate on marijuana that already exists on tobacco products. 

Nevadans for Responsible Law Enforcement (NRLE), who is sponsoring Nevada’s Question 9 initiative, paid for the study.  If approved by Nevadans in November and again in 2004, Question 9 would amend the state’s constitution so that possession of up to three ounces of marijuana by individuals of 21 years of age or older would no longer carry and criminal or civil penalty. 

Public use of marijuana or driving under the influence of pot would continue to be criminalized under the proposal.

Nevada voters are evenly split on the proposal, according to the latest statewide poll released this week by NRLE, with 46 percent of respondents supporting the initiative and 46 percent opposing it.

Additional marijuana initiatives will appear on the November electoral ballots in Arizona, South Dakota and San Francisco.  A summary of these initiatives appears online at the NORML website.

For more information, please contact Keith Stroup, NORML Executive Director, at (202) 483-5500 or Nevadans for Responsible Law Enforcement online at: http://www.nrle.org.