Bernie Sanders wants to pile $50 billion from legal marijuana tax revenue into business grants

Bernie Sanders releases a plan to legalize marijuana nationwide, expunge certain marijuana convictions and invest in grants to boost communities disproportionately affected by current drug laws.

https://www.cnbc.com/2019/10/24/bernie-sanders-unveils-legal-marijuana-plan-in-2020-democratic-primary.html

Actual proposals to address the damage that the war on drugs has inflicted disproportionately on African American communities.

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4 replies	Author	Time	Post
Bernie Sanders wants to pile $50 billion from legal marijuana tax revenue into business grants (Original post)	Voltaire2	Oct 2019	OP
extreme pot taxes will hurt legal dealers and the cartels will undercut them nt	msongs	Oct 2019	#1
Very high taxes on cigarettes in northern states like NJ, NY, CT, etc. has created quite a large....	George II	Oct 2019	#2
Ok.	Voltaire2	Oct 2019	#3
Look at the state taxes people out west pay on weed	tishaLA	Oct 2019	#4

Response to Voltaire2 (Original post)

Fri Oct 25, 2019, 07:59 PM

msongs (65,518 posts)

1. extreme pot taxes will hurt legal dealers and the cartels will undercut them nt

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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Response to msongs (Reply #1)

Fri Oct 25, 2019, 08:01 PM

George II (67,782 posts)

2. Very high taxes on cigarettes in northern states like NJ, NY, CT, etc. has created quite a large....

....bootlegging industry from the Carolinas.

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primary today, I would vote for: Joe Biden

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Response to msongs (Reply #1)

Fri Oct 25, 2019, 08:05 PM

Voltaire2 (10,807 posts)

3. Ok.

The Sanders plan did not include a proposed tax rate for legal marijuana sales or an estimate for annual revenue raised. A study released last year by New Frontier Data estimated legal marijuana nationwide would generate about $132 billion in tax revenue over a decade. It based the figures on a 15% retail sales tax along with other business-related taxes, according to The Washington Post.

I don’t think that is extreme.

Nor is safe regulated reasonably taxed pot going to do anything other than get the criminals out of the pot business.

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primary today, I would vote for: Undecided

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Response to Voltaire2 (Original post)

Fri Oct 25, 2019, 08:49 PM

tishaLA (14,176 posts)

4. Look at the state taxes people out west pay on weed

additional taxes on weed would make medical weed unaffordable to those who need it. It's a backdoor way to empower cartels and street dealers.

If I were to vote in a presidential
primary today, I would vote for: Undecided

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