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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.

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.

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