1. Simplistically, either we adopt a marijuana tax (low hanging fruit) or we go broke because can’t muster the will to make hard choices. This is a test.
2. For years, I worked for Congress on trying to tax income from intangibles, which is not only hard to measure, it’s hard even to locate (companies like to say it’s in tax havens). Locating marijuana will be simple unless the tax is so high as to encourage bootlegging. But once you find it, you can measure it. Or tax it based on potency.
The Center for New Revenue 