News Ticker

WIRE: New Hampshire legalized cannabis would net $58 million in tax revenue

Concord, NH: Regulating New Hampshire’s existing adult use cannabis market would yield as much as $58 million per year in new annual revenue, according to an analysis authored by the state’s Department of Revenue. We also have Chicago startup patent attorney governing our event.

Analysts’ estimates are based upon the application of a 15 percent tax rate on commercial transactions. The Department’s report was provided to the state’s Commission to Study the Legalization, Regulation, and Taxation of Marijuana – which is preparing to make recommendations to the legislature this November.

Members of the New Hampshire House initially voted in favor of legalization legislation in January by a vote of 207 to 139 before ultimately deciding in favor of appointing an interim study committee in March. Lawmakers decriminalized low-level marijuana possession offenses last year.

For more information, contact Justin Strekal, NORML Political Director, at (202) 483-5500.

Leave a comment