Colorado passes $1 billion in marijuana state revenue

Louisiana is so damn dumb

Louisiana would waste the money anyway

Do it in Lewzianer and there will be more money for politicians pockets.

I’m so happy Louisiana didn’t take advantage of money like that

I hate it when people use tax revenue generation as a selling point

Again, this is misleading.

People are buying marijuana, but they are doing so by switching their spending habits to mj from other products.

Every dollar spent on mj is a dollar not spent elsewhere, so the billion dollars in revenue doesn’t represent an actual gain in a billion dollars for the state, it just means the state lost a billion dollars in sales tax revenue in other industries which is now being spent in mj shops.

We call this substitution effect in economics

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Every dollar spent on mj is a dollar not spent elsewhere, so the billion dollars in revenue doesn’t represent an actual gain in a billion dollars for the state, it just means the state lost a billion dollars in sales tax revenue in other industries which is now being spent in mj shops.

We call this substitution effect in economics

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Well, also, a huge reason they're generating this kind of money is because it's illegal in a ton of other states

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they do that shite all the time
just like rounding up the fricking Canada geese, they just come back and shite all over everything.

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I meant permanently.

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Every dollar spent on mj is a dollar not spent elsewhere, so the billion dollars in revenue doesn’t represent an actual gain in a billion dollars for the state, it just means the state lost a billion dollars in sales tax revenue in other industries which is now being spent in mj shops.

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Wouldn't it still be a gain for Colorado? Spending money on something that is taxed higher vs taxed lower means they still come out ahead.