Potential legal marijuana tax revenue: $82 million
Arkansas is one of the states with strict marijuana laws, but the tide is turning. Voters approved medical marijuana in 2016, and just two years later (a blur in legislative terms) the state’s Medical Marijuana Commission approved five companies to grow and sell marijuana at 32 dispensaries. Arkansas is rapidly moving toward having legal marijuana.
Potential legal marijuana tax revenue: $99 million
The Nutmeg State is so close to having legal marijuana that it might happen before 2020. Connecticut expanded its medical marijuana program in 2016. A legislative committee voted to send bill 5394 to the floor in 2018. With close to 71% of voters approving, it won’t be long until residents can light up legally.